FYBIT blog

Nasdaq Halts Crypto Custody Plans Amid Tough US Regulatory Environment

Vincent Parks - July 19, 2023 0

Adena Friedman, CEO of Nasdaq, the international securities marketplace, announced that the firm is postponing its cryptocurrency custody plans due to the United States’...

The development firm behind the Chainlink protocol and its native token has gone live with its cross-chain protocol, aimed at providing interoperability between traditional financial firms and both public and private blockchains.

Chainlink launches cross-chain protocol bridging blockchain to TradFi

Spenser Reed - July 18, 2023 0

Several top banks around the world are already collaborating with Chainlink to explore applications for the Cross-Chain Interoperability Protocol. The development firm behind the Chainlink...

Bitcoin continues to shoulder the market, as digital asset inflows saw positive movement for the fourth consecutive week, with $137 million incoming.

Inflows into crypto investment funds rise as Bitcoin carries 99% of...

Spenser Reed - July 18, 2023 0

However, Ethereum saw outflows in the amount of $2 million and remains the asset with the most outflows year-to-date. Bitcoin continues to shoulder the market,...

United States Senator Cynthia Lummis has taken to Twitter to emphasize the significance of a recent court ruling by Judge Analisa Torres, which declared that Ripple’s XRP token should not be considered a security when sold on digital asset exchanges.

Senator Lummis urges clear crypto regulations after XRP ruling

Spenser Reed - July 17, 2023 0

The outcome of the case could establish a precedent that shapes the regulatory landscape for digital assets within the United States. United States Senator Cynthia Lummis has taken...

Another major bank in Australia has said it will block certain cryptocurrency platforms, citing high levels of scam risk in the industry.

National Australia Bank joins crypto exchange boycott, cites ‘scams’

Spenser Reed - July 17, 2023 0

National Australia Bank is the latest bank to announce blocks on certain cryptocurrency exchanges, citing the high risk of scams. Another major bank in Australia...

Stablecoin TrueUSD To Be Fully Controlled By Asian Owner

Nelson Newberry - July 17, 2023 0

In today’s news, the prominent stablecoin TrueUSD – with the ticker TUSD – is now undergoing a management change. According to a thread this morning by the...

Weekend Watch: Bitcoin (BTC) Defends $30K, Cardano (ADA) Drops 4% Daily

Nelson Newberry - July 16, 2023 0

Bitcoin dipped toward $30,000 but managed to bounce off that level and stands a few hundred dollars above it now as well. Most altcoins are...

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