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B Editor

Telegram CEO Pavel Durov ‘full of optimism’ as Token rises 7%, vows to clean up app

Telegram’s CEO vowed to improve the app after being arrested in France in August.Cryptocurrency TON has bounced back from rejections after the app chief’s statement. Pavel Durov aims to “significantly improve” the app, as officials say he hasn’t done enough to curb illegal activity. Toncoin, a cryptocurrency closely associated with messaging app Telegram, rallied after … Read more

Why the FCA Rejects Almost 90% of Crypto Firms’ Applications

The financial markets watchdog rejected 87% of crypto applications due to money laundering concerns. The FCA has faced criticism for its slow approval rate. The Financial Conduct Authority said the number of applications for crypto firms scrapped due to money laundering concerns has increased by 87% compared to last year. Report Released on Thursday. is … Read more

Cosmos Foundation critics’ call for no-confidence vote shakes up ‘Internet of blockchains’

Cosmos Foundation’s management comes under fire in governance vote. ICF pledges more transparency after shakeup It’s not the only blockchain nonprofit to face accusations of financial impropriety. Cosmos is a Swiss non-profit organization that supports blockchain a vote Disbelief over suspicion that its leadership had mishandled funds intended to promote the development of Cosmos. Like … Read more

Fed banks say Custodia Bank success is a danger to American consumers

Crypto bank Custodia is battling the Kansas City Fed in court. In short, success sets a dangerous precedent for Fed banks to custodian. A crypto bank custody battle with the Kansas City Federal Reserve over access to critical banking services puts the entire US banking system at risk. That according to a Briefly 11 other … Read more

AI has room to rip crypto after Nvidia’s $250bn washout

Big tech stocks led a heavy sell-off on Tuesday. AI leader Nvidia lost more than $250 billion in its market cap. However, this setback will not stop the growth of AI-crypto projects, experts say. Crypto-linked artificial intelligence projects ride out market volatility to soar beyond their $25 billion market. They said, according to Alice Liu, … Read more

Uniswap jumps after $175,000 settlement with CFTC

Uniswap Labs settled the allegations with the CFTC. The US regulator accused Uniswap of illegally offering leveraged trading. Protocol required a fine of $175,000. Uniswap Labs, the parent company behind Ethereum’s largest decentralized exchange, has settled allegations that it illegally allowed the trading of leveraged Bitcoin and Ether. The company will pay a $175,000 penalty, … Read more

US Fed slaps Texas bank with cease-and-desist order for servicing crypto firms

Fed targets United Texas Bank for serving crypto customers The bank alleged “significant lapses” in its adherence to anti-money laundering laws. The management of the company consented to the cease and desist order. United Texas Bank, one of a handful of domestic lenders still banking on crypto firms in the United States, has drawn the … Read more

Why Fed Rate Cut Is Bearish For Bitcoin Over The Next Two Weeks

The Federal Reserve announced rate cuts were coming last month. This has caused Treasury bill yields to fall. The reverse repo program now has a higher yield than bonds and this is again inhaling liquidity. The Federal Reserve will raise interest rates soon. In the meantime, crypto probably won’t do well. This is according to … Read more

Liquidity details for second crypto-backed stablecoin Tokenomics

Liquidity’s new stablecoin Curve is inspired by Tokenomics. Users who own the protocol’s governance token can direct its revenue to liquidity providers. This is another attempt to balance immutability and flexibility in a new stablecoin called BOLD. Once a top 10 stablecoin, Liquidity’s LUSD has won fans among “decentralization maximalists” and deep-pocketed borrowers for its … Read more