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Brazil’s Largest Lender Itau Unibanco Brings Bitcoin Trading Service to Clients

Itaú Unibanco, Brazil's largest private bank, has entered the crypto space with new trading service, per a Reuters report. The lender would first launch Bitcoin (BTC) and Ether (ETH) trading for clients of its investment platform. The bank’s crypto division head Guto Antunes said in an...

, by Sujha Sundararajan

Galaxy Digital on the Hunt for More Crypto Bankruptcy Assets Post-FTX Deal

Galaxy Digital, the cryptocurrency group led by US billionaire Mike Novogratz, is seeking additional asset sales from bankrupt digital asset companies following a successful deal that involved selling coins held by FTX. The transaction has significantly increased Galaxy's funds under...

, by Ruholamin Haqshanas

Assets Under Management Surges Past $50 Billion as Altcoins Record Slight Gains

Digital assets funds continue their upward momentum as asset prices continue to rise towards the end of the year with growing optimism for an approval of a spot Bitcoin (BTC) ETF in the United States. Data from CoinShares shows cryptocurrency assets under management (AUM) at $50.2 billion...

, by David Pokima

Market Turmoil Triggers Over $215M in Liquidations as 100,000 Traders Face Losses

The crypto market has recently experienced a surge in volatility, leading to more than $215 million in liquidations over the past 24 hours. Bitcoin (BTC), which had been trading at a multi-year low, rebounded by 5% in the last 24 hours, reaching a price of $43,116, according to...

, by Ruholamin Haqshanas

Banks Flock to Chinese Digital Yuan Pilot – 60 Now Offer CBDC Wallets

Nine more banks have joined China’s digital yuan pilot, bolstering the number of banks offering CBDC wallets to 60. Per Beijing Business Today (via Sohu), the latest batch of commercial banks to join the pilot include three big city-based banks and six rural banks. City-based banks...

, by Tim Alper

Taipei Blockchain Week Opens with Vitalik Buterin, Binance’s Richard Teng

Taipei Blockchain Week kicked off this week with around 2,000 people from the crypto community gathering on Thursday to hear industry players discuss blockchain trends ranging from Llayer 1's role in Web3's in 2024 to the future of decentralized finance (DeFi). The event opened with a...

, by Tanzeel Akhtar

BlackRock’s Bitcoin ETF Ticker IBIT Confirmed, Shifts Toward Cash Redemption Model

BlackRock's proposed spot Bitcoin exchange-traded fund (ETF) has been officially assigned the ticker IBIT, according to an S-1 filing amendment with the Securities and Exchange Commission (SEC). The filing also indicated that BlackRock would adopt a cash redemption model for its Bitcoin ETF....

, by Hongji Feng

Value of Stablecoins on Ethereum Sees 34% Decline, Tron Records 57.7% Growth since 2022

The value of stablecoins on Ethereum (ETH) has experienced a decline of 34% since 2022, while stablecoins on TRON (TRX) have seen a significant growth rate of 57.7% during the same period. According to a recent report from Sixdegree Lab, the supply of stablecoins on Ethereum has been...

, by Ruholamin Haqshanas

Grayscale CEO Calls for Simultaneous Approval of Spot Products to Level the Field

Grayscale CEO Michael Sonnenshein believes the Securities and Exchange Commission (SEC) needs to approve spot Bitcoin (BTC) exchange-traded funds (ETFs) simultaneously. Sonnenshein expressed his views during a recent interview with Bloomberg TV, saying that the regulatory body should...

, by Ruholamin Haqshanas

Judge Approves Settlement: Binance to Pay $1.5 Billion to CFTC, CZ to Pay $150 Million Fine

In a significant legal development, Judge Manish Shah of the U.S. District Court for the Northern District of Illinois has issued a verdict ordering cryptocurrency exchange Binance and its former CEO, Changpeng "CZ" Zhao, to pay a staggering $2.85 billion to the Commodity Futures Trading...

, by Hassan Shittu

Cathie Wood’s Ark Invest Sells $27.6 Million in GBTC Shares as Bitcoin Touches $43K Again

Cathie Wood led ARK Invest fund sold around 809, 441 Grayscale Bitcoin Trust (GBTC) shares worth $27.6 million from its Next Generation Internet (ARKW) exchange-traded fund (ETF) on Monday, the biggest sale in more than a year, Ark Invest Daily reported. The price of Bitcoin once again rose...

, by Jai Pratap

Crypto Exchange Listing and Delisting Announcements: December 18, 2023

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.Have we missed something? Do you have information about new listings and/or delistings? Let us know...

, by Mao Orillana

Former Lido Holder Files Lawsuit Against Lido DAO

A former Lido holder has filed a class-action lawsuit against the Lido decentralized autonomous organization (DAO), a governing body that manages the liquid staking protocol, according to a recent court document. An unregistered securities claimAndrew Samuels filed the complaint on December 17th...

, by Julia Smith

Revolut Suspends Crypto Services for UK Business Clients Due to New FCA Rules

London-based digital bank Revolut announced on Monday that it will be suspending the ability for Revolut Business users to purchase cryptocurrencies starting in 2024. The move comes in response to new crypto regulations enacted by the United Kingdom's Financial Conduct Authority (FCA) to...

, by Trent Alan

Pro-Crypto Super PAC Fairshake Raises $78 Million Ahead of 2024 US Elections

Fairshake has raised $78 million to support “pro-crypto” candidates in the forthcoming 2024 US elections. The political action committee announced in a press release published Monday that it had received donations from prominent crypto companies and individuals, including Coinbase...

, by Brian Yue

Metaverse Firm Improbable Offloads Gaming Subsidiary to Keywords for $96.8 Million

Metaverse startup Improbable has sold its gaming subsidiary, MPG, to Irish video game company Keywords Studios for $96.8 million. The SoftBank-backed metaverse company said in its annual statement published today that it had completed the sale of its games services subsidiary to Keywords...

, by Brian Yue

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