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EU Finance Ministers Approve MiCA Crypto Regulation
The European Union has approved the historic Markets in Crypto-Assets (MiCA) regulation, removing the final legal hurdle. This new development, supported by cryptocurrency service providers, marks a significant milestone in the regulation of crypto-assets. A Historic Development In a landmark... -
NFT Artist Releases Checks Elements NFT Collection
Jack Butcher, the creator of the creative firm Visualize Value, has released his latest NFT project, featuring the iconic Checks grid and exploring the four classical elements of earth, fire, water, and air. The NFT project, which Butcher started as... -
George Soros Trims Rivian Stake & Exits Tesla Amid Slump in EV Stocks
Once a hot investment theme, EV (electric vehicle) stocks have fallen out of favor with investors and several fund managers have shunned the sector. Recent 13F filings show that billionaire investor George Soros has exited Tesla while trimming the stake... -
Federal Reserve Announces Integration of FedNow With Metal Blockchain for Instant Payment
The Federal Reserve's upcoming instant payment system, FedNow, is set to be integrated with the Metal Blockchain Network. The new service, which is supposed to launch in July, has also attracted criticism from some U.S. politicians, alleging that it is... -
Goldman Sachs Survey Reveals Waning Crypto Enthusiasm Among Ultra-Wealthy
Majority of family offices, 62%, have shown disinterest in cryptocurrency investments, as per a recent Goldman Sachs survey. However, the study also revealed that 26% of family offices now hold cryptocurrency investments, an increase from 16% in the previous year.... -
SEC Chair Gary Gensler Raises Concerns Over Potential US Debt Default
SEC Chair Gary Gensler has expressed concerns regarding the possibility of a U.S. debt default. In a recent speech, Gensler highlighted the significant and lasting impact such a default would have on investors, issuers, and markets. He emphasized the importance... -
Robinhood Reports 2023 Q1 Crypto Revenue Decline of 30%
Robinhood Inc., a cryptocurrency exchange, announced a 30% decline in revenue for the first quarter of 2023, similar to last year’s decrease figures. Compared to the 2022 Q1 revenue of $54 million, the trading platform report indicates only $38 million... -
Disney Stock Falls as Streaming Subscribers Fall for Second Consecutive Quarter
Disney (NYSE: DIS) stock is trading lower in US pre-market price action today despite posting better-than-expected revenues. Its streaming subscriber count however fell for the second straight quarter and missed analysts’ estimates. Disney reported revenues of $21.82 billion in the... -
Biden Accuses Republicans of Protecting Rich Crypto Investors
President of the United States, Joe Biden, has called for the closure of "tax loopholes" that allegedly benefit wealthy cryptocurrency investors. He suggested that Republican lawmakers were defending affluent cryptocurrency investors by emphasizing food safety over closing tax loopholes for... -
Russia Poised to Capture 18% of Bitcoin Hashrate Amid Major Crypto Miners’ Migration, Experts Predict
Russian analysts predict that the cryptocurrency mining industry could experience a second major migration due to the increasing regulatory pressures, taxation, and energy costs in countries such as the United States and Kazakhstan. They suggest that in such a scenario,...