Category: Industry

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UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal

Mar 18, 2023 Jimmy Rivera

After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS…

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UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents

Mar 15, 2023 Jimmy Rivera

Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget.…

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Coinbase Launches Wallet-as-a-Service to Bring Millions to Web3

Mar 8, 2023 Jimmy Rivera

On March 8, Coinbase announced the launch of its Wallet-as-a-Service (WaaS) product. The WaaS product aims to “bring the next hundred million consumers into Web3 through a seamless wallet-onboarding experience.”…

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Silver Proponent Predicts Medium-to-Long-Term Prices of $125 Per Ounce Thanks to Auto Industry

Mar 7, 2023 Jimmy Rivera

Silver prices have been hovering just below the $21 per troy ounce mark over the last 24 hours, after jumping above the $24 range in mid-January. While long-term and modest…

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Binance Tests AI-Infused NFT Platform Bicasso in Limited 10K Mint Run

Mar 1, 2023 Jimmy Rivera

On Wednesday, Binance CEO Changpeng Zhao, also known as CZ, announced the launch of a new non-fungible token (NFT) platform infused with artificial intelligence (AI). The AI-centric product is named…

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Former FTX CEO Sam Bankman-Fried Faces New Charges in Multi-Billion Dollar Fraud Case

Feb 23, 2023 Jimmy Rivera

Sam Bankman-Fried (SBF), the disgraced co-founder of FTX, faces four more charges after a new indictment was unsealed on Wednesday. The charges include operating an unlicensed money transfer business and…

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Luxor Technologies Acquires Ordinalhub to Provide Tools for Bitcoin-Based NFTs

Feb 22, 2023 Jimmy Rivera

With Bitcoin-based digital collectibles becoming a popular trend, the full-stack bitcoin mining services company Luxor Technologies has acquired the platform Ordinalhub, a project that provides tools to buy, sell, and…

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Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused Projects

Feb 19, 2023 Jimmy Rivera

On Feb. 17, 2023, Tokyo-based Sony Network Communications announced that it is co-hosting a Web3 incubation program with the multichain smart contract platform Astar Network. The program has started accepting…

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Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs

Jan 31, 2023 Jimmy Rivera

The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Securities…

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