China and U.S. flags are seen near a TikTok logo in this illustration picture taken July 16, 2020. Florence Lo | Reuters BEIJING — China says it would “strongly oppose” a forced sale of...
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3 Minutes
Crypto firm Tether says it has around $1.6 billion in excess reserves to back its USDT stablecoin
Paolo Ardoino, Tether’s chief technology officer, said the company estimates that the excess reserve will increase by $700 million in the current quarter, which is not yet over. Justin Tallis | Afp | Getty...
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5 Minutes
‘Can’t get their act together’: Crypto firms slam SEC, Washington for lack of clarity on rules
Crypto companies are frustrated at the U.S. government for its lack of clear rules for the industry and the Securities and Exchange Commission for its aggressive actions against digital currency firms, according to multiple...
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4 Minutes
Ethereum co-founder says ether not a security, compares it to oil after regulator claims
Joseph Lubin, co-founder of Ethereum and CEO of blockchain firm ConsenSys. Riccardo Savi | Getty Images for Concordia Summit The co-founder of Ethereum, Joseph Lubin, hit out at regulators likening the ether cryptocurrency to...
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2 Minutes
Watch live: TikTok CEO testifies before House committee as potential U.S. ban looms
(The stream is slated to start at 10:00 a.m. ET. Please refresh the page if you do not see a video above at that time.) TikTok CEO Shou Zi Chew will testify before the...
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4 Minutes
Bitcoin at $100,000? Insiders say the cryptocurrency could test new highs this year
Cryptocurrency industry insiders predict bitcoin could hit a new all-time high in 2023 and possibly reach $100,000. It comes after a noted investor bet that the digital currency could go to $1 million in...
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5 Minutes
XRP cryptocurrency jumps as investors hope Ripple will win legal battle with the SEC
A visual representation of the digital cryptocurrency, XRP. S3studio | Getty Images The XRP cryptocurrency soared on Wednesday as investors grew hopeful that Ripple, a company closely associated with the token, would win its...
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3 Minutes
Goldman Sachs is using ChatGPT-style A.I. in house to assist developers with writing code
The Goldman Sachs logo displayed on a smartphone. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images Goldman Sachs is experimenting with generative AI tools internally to help its developers automatically generate and...
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3 Minutes
DCG-owned crypto exchange Luno replaces CEO, seeks outside investment after layoffs
LONDON — The CEO of cryptocurrency exchange Luno is stepping aside and handing the reins to its head of operations, the company announced Wednesday. It comes as Luno’s parent company, crypto-focused venture capital firm...
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3 Minutes
‘Inundated with requests’: Digital currency firms look to Swiss banks after crypto-friendly lenders fail
Switzerland has created what they dub “Crypto Valley” in the region of Zug. Nurphoto | Nurphoto | Getty Images Crypto firms are scrambling to find institutions to bank with after the collapse of Signature...
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