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  • Sep 04, 2024

Telegram CEO Vows to ‘Significantly Improve’ Moderation of Criminal Activity After Arrest

Pavel Durov, the founder and CEO of the massively popular Telegram messaging platform, said the actions of French authorities were “surprising for several reasons.” Durov was arrested when he landed at Paris–Le Bourget Airport on Aug. 25, and was subsequently indicted for the use of Telegram for illegal activities, including drug trafficking, organized fraud, and the distribution of child pornography. French officials said Durov’s company had not done enough to combat criminal activity on Telegr...

  • Sep 04, 2024

Trump Doubles Down on Bitcoin, Says He's Got a Job for Elon Musk If Elected

During a speech before the Economic Club of New York on Thursday, Republican candidate for U.S. president Donald Trump asserted that the country would be the “world capital of crypto and Bitcoin.” In addition to reiterating his stance on digital assets, Trump also proposed—at the suggestion of Telsa CEO Elon Musk—a new government efficiency commission that will audit the federal government. “I will create a government efficiency commission tasked with conducting a complete financial and performa...

  • Sep 04, 2024

Mercuryo Launches Mastercard-Enabled Crypto Debit Card

Crypto payments firm Mercuryo has released a Mastercard debit card for crypto holders in Europe.  The virtual payment method, called Spend, enables users to turn their crypto holdings into fiat to make purchases at more than 90 million merchants in the Mastercard network, Mercuryo said in a statement on Thursday. The digital card is issued by Polish fintech company Quicko.  Spend aims to become a widely accepted payment method, leveraging Mercuryo’s competitive off-ramp fees and security, the co...

  • Sep 04, 2024

Bitcoin Miner Ionic Faces Challenge From Disgruntled Shareholders

The cryptocurrency exchange Figure Markets is mobilizing Ionic Digital shareholders, staging efforts through social media to shake up the Celsius-linked Bitcoin miner’s board of directors. Ionic, a Texas-based mining firm, emerged from Celsius’ Chapter 11 bankruptcy as a company owned entirely by the failed lender’s creditors. The company became operational in February, aiming to run 127,000 mining machines across five different sites in North America. After a week and a half of outreach, enough...

  • Sep 04, 2024

'Wall Street', 'American Psycho' Studio Raising Film Funding via Avalanche

The son of a storied Hollywood producer is taking his father’s company where few in town have dared venture: into crypto. Pressman Film, an independent production house that helped create classic movies including “Wall Street” and “American Psycho,” announced on Thursday that it will use investment platform Republic—on blockchain network Avalanche—to launch a tokenized public fund that will allow members of the public to invest in a slate of upcoming films.  “My father, Edward R. Pressman, is wi...

  • Sep 04, 2024

Nearly 90% of Crypto Firm Applications Rejected by UK Regulator

The UK doesn’t seem to be warming up to crypto. A report released Thursday by the country’s financial watchdog said that nearly 90% of applications from crypto firms were rejected over the past year.  The reason? Inadequate protections against fraud.  “Over 87% of crypto registrations were rejected, withdrawn or refused for weak money laundering controls,” the Financial Conduct Authority (FCA) said in its latest annual report. The FCA regulates financial services firms and financial markets in t...

  • Sep 04, 2024

Fed rate-cut size this month to hinge on job market health

(Reuters) -Federal Reserve policymakers are increasingly attentive to the U.S. labor market as they prepare for a policy-setting meeting later this month, when their assessment of job-market health will be key to how big an interest-rate cut they deliver. Analysts largely expect the Fed to stick to a quarter-point reduction, given that employers have continued to hire although at a slower pace than before, and with the unemployment rate on the rise but still at a relatively low 4.3%. But data on Wednesday showing job openings in July fell to the lowest level in three and a half years may add to the sense that the job market may be nearing a tipping point, and could build the case for a larger rate cut.

  • Sep 04, 2024

Switzerland’s Fourth-Biggest Bank ZKB Offers Retail Customers Bitcoin and Ether

Swiss retail customers of the country’s largest cantonal bank now have the ability to buy, sell and hold the two most popular digital assets: bitcoin and Ethereum. ZKB is handling the custody of crypto-assets a service that can be offered to other Swiss banks. The fourth-largest bank in Switzerland, Zürcher Kantonalbank (ZKB), has begun offering retail customers the ability to buy, sell and hold the two most popular cryptocurrencies: bitcoin {{BTC}} and Ethereum {{ETH}}.

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