Day: November 29, 2023

Cristiano Ronaldo Faces Class-Action Lawsuit Over Promotion of Binance’s Alleged Unregistered Securities

Cristiano Ronaldo is facing a proposed class-action lawsuit due to his promotion of the crypto exchange Binance. The lawsuit, filed on November 27 in a U.S. district court in Florida, accuses Ronaldo of promoting, assisting, and/or actively participating in the offer and sale of unregistered securities in coordination with Binance​. Ronaldo’s involvement with Binance began […]

The Impact of AI in Trading: Navigating the Complexities

On 14th November Machina Labs hosted a conference at CV labs in Zug, otherwise known as Crypto Valley, Switzerland. Panelists were invited from across the fintech operations and regulatory sector to offer their insights on the impact of the inexorable move towards AI driven tech in financial instrument trading. Below is a summary of the […]

Forbes’ 30 Under 30 “Hall of Shame”

Forbes, renowned for its “30 Under 30” lists that spotlight young achievers, has taken an unusual step by compiling a “hall of shame.” This compilation highlights select individuals from these lists whose subsequent actions have cast a shadow over their early acclaim, mostly from the finance sector. At the forefront is Sam Bankman-Fried, the former […]

Amazon’s AWS Boosts Polygon DApp Development

The integration of Amazon Web Services (AWS) with Polygon is poised to revolutionize decentralized application (DApp) development. Recently, AWS announced the extension of its Amazon Managed Blockchain (AMB) Access service to the Polygon network, a move that significantly simplifies the process of building on Polygon and enhances its accessibility to a broader range of developers. […]

Ethereum’s Deflationary Shift: Validators Exit and DeFi Slows

The Ethereum blockchain´s recent data indicates a shift towards a deflationary supply, marked by a decrease in validator participation and a drop in NFT and DeFi transactions. This trend, highlighted by Glassnode, reveals how Ethereum’s economic model is evolving in response to changes in network activity and market sentiment. The decrease in Ethereum validators, with […]

Fireblocks Unveils ‘Off Exchange’ to Secure Crypto Trades

Fireblocks, a renowned multi-party computation (MPC) wallet provider, has launched an innovative trading system named “Off Exchange,” revolutionizing how institutions interact with centralized exchanges. Announced on November 28, this system promises to mitigate the risks associated with centralized exchanges and prevent disasters akin to the FTX collapse. The core of Off Exchange lies in its […]

Crypto’s New Era: Post-Binance Settlement

Brian Armstrong, CEO of Coinbase (COIN), has expressed optimism about the future of the cryptocurrency industry following the recent settlement between Binance and the U.S. Department of Justice. In a conversation with CNBC International at the Global Investment Summit in London, Armstrong reflected on how this development might signal an end to the era of […]