Business & Economics

Germany’s Recession and Its Impact on Cryptocurrencies

Germany, Europe's largest economy, officially entered a recession in early 2023. The downturn came after a 0.5% GDP decline in the fourth quarter of...

Elon Musk’s Neuralink Receives FDA Approval for First Human Trials

Neuralink, the brain-machine interface startup founded by Elon Musk, recently announced receiving approval from the U.S. Food and Drug Administration (FDA) for their inaugural...

Bitcoin Could Hit $100,000 by 2024, Says Standard Chartered

Standard Chartered announced on Monday that top cryptocurrency Bitcoin could reach a value of $100,000 by the end of 2024, suggesting the "crypto winter"...

Bank of America CEO Foresees Mild US Recession

Brian Moynihan, the CEO of Bank of America, recently mentioned a "relatively mild recession" coming to the US. During the bank's quarterly earnings call,...

Nasdaq to Launch Crypto Custody Services Amid Bankruptcy Fallout

US exchange group Nasdaq is entering the digital asset custody space following the recent bankruptcies of crypto lenders, well-established companies, and exchanges. Nasdaq Digital...

USDC Stablecoin Issuer Circle Seeks License to Enter French Market

Circle, the stablecoin issuer, has submitted applications to become a licensed e-money provider in France and to register as a crypto provider. If successful,...

India’s RBI and Central Bank of UAE Sign MOU for CBDC Bridge Development

India and the United Arab Emirates (UAE) have signed a memorandum of understanding (MoU) to develop a proof-of-concept and pilot program for a central...

FDIC denies reports of requiring divestment of crypto activities from banks

US bank regulators are reportedly requesting that any institution interested in buying Signature Bank give up all crypto business, further isolating the digital asset...

Credit Suisse Shares Plummet After Investor Withdraws Support

Credit Suisse, Switzerland’s second-largest bank, has suffered a significant drop in its share value after its largest investor, Saudi National Bank, withdrew financial support...

NanoLabs Files Lawsuit Against Coinbase Over Alleged Trademark Infringement

Cryptocurrency exchange Coinbase has been hit with a lawsuit filed by NanoLabs, the company behind the digital currency NANO. NanoLabs alleges that Coinbase's Nano...

Germany’s DZ Bank partners with Metaco for digital asset custody services

Germany's DZ Bank has partnered with Swiss firm Metaco to offer digital asset custody services, despite dwindling institutional sentiment associated with cryptocurrencies in Germany....

Japan, China, and Russia Step Up CBDC Development Efforts

Central bank digital currencies (CBDCs) have been gaining traction in recent years, with several countries exploring the possibility of issuing their own digital currencies....