Crypto-Friendly Sygnum Bank Posts Record Profit and $4.5 Billion in Client Assets DAILY MARKET WATCH Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. Sygnum Bank has announced its first-half profit for 2024, driven by a substantial increase in crypto trading volumes. The bank, which holds $4.5 billion in client assets, attributed this [...]
Political Winds Continue to Turn as Politicians Race to Show Support for Crypto DAILY MARKET WATCH Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. The great political circus that is a US election has recently been running on overdrive. President Biden has announced he will not be running for re-election. Republican challenger Trump [...]
Coinbase UK Unit Fined for Insufficient Money Laundering Controls DAILY MAKRKET WATCH Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. Coinbase’s UK arm, CB Payments Limited (CBPL), has been fined £3.5 million by the UK’s Financial Conduct Authority (FCA) for breaching financial crime regulations. The fine was issued due [...]
OpenFi, Fintech’s End Game July 29, 2024 Each month, Jasper De Maere, Head of Research at Outlier Ventures, will zoom in on trends and events happening in cryptocurrency and the broader ecosystem across public and private markets. A new trend called OpenFi (Open Finance) is gaining momentum in the financial corner of Web3. Leveraging the core DeFi infrastructure built last cycle (2019), [...]
Ferrari Shifts into High Gear with Crypto Payments in Europe July 26, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. Ferrari announced it will start accepting cryptocurrency payments in Europe by the end of this month. This move follows a successful launch in the US last year. Ferrari plans [...]
Ethereum ETFs Goes Live in US Market, Marking a New Chapter in Crypto Investments July 25, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. On July 23rd, Spot Ethereum ETFs started trading on the US market, marking a significant milestone for the cryptocurrency industry. This approval follows a long and arduous journey with [...]
Swan Bitcoin Drops IPO and Scales Back Operations July 24, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. Swan Bitcoin, one of the largest Bitcoin-only brokers, has decided to withdraw its plans to go public and discontinue its managed mining unit. This move also includes significant staff [...]
Prediction markets are starting to take off July 23, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. Prediction markets allow users to bet money on specific outcomes. If run on the blockchain, they can be trustless, open and permissionless, meaning that in theory, they [...]
Building Blocks: The TON revolution- blockchain gaming’s new frontier July 22, 2024 Blockchain gaming can be described simply as games that utilize blockchain technology, whether through rewarding players in cryptocurrency or utilizing NFT’s (non-fungible tokens) in-game.
WazirX, Li.Fi hacks show continuing hacker threat for crypto July 22, 2024 Li.fi protocol, a bridge that links the Ethereum and Solana Blockchains as well as helps users bridge their crypto funds across various Layer 2s, was hacked for over $9 million in stablecoins this week.