Author name: Peter

Bitcoin Remains Legal Tender in El Salvador El Salvador has reiterated its dedication to embracing bitcoin as legal tender, despite the International Monetary Fund's (IMF) repeated appeals for the country to abandon the cryptocurrency. According to El Salvador Vice President Félix Ulloa, not only will the bitcoin law be upheld, but the cryptocurrency currently holds […]

Introduction Renowned author Robert Kiyosaki, best known for his book "Rich Dad Poor Dad," has once again issued a warning regarding the potential crash of the stock and bond markets. Kiyosaki, who co-authored the book with Sharon Lechter in 1997, has been a consistent presence on the New York Times Best Seller List for over

Introduction Open Exchange (OPNX), a unique platform that allows trading of bankruptcy claims alongside crypto exchange operations, has announced its decision to cease all activities by February 14. This comes as the co-founders, Kyle Davies and Su Zhu, face legal repercussions stemming from their involvement in the collapse of Three Arrows Capital (3AC), a Singapore-based

Introduction Polygon Labs, a leading company in the digital industry, has made the decision to reduce its workforce by 60 employees, constituting approximately 19% of its total staff. CEO Marc Boiron shared this strategic move in order to recalibrate and enhance operational performance, aiming to create a lean and efficient team. The Reason Behind the

Australian Dollar Withdrawal Requests A recent ruling by the Victorian Supreme Court has increased the prospects of Australian creditors of the crypto exchange FTX getting their money back. The ruling clarified that only those who initiated Australian dollar withdrawal requests are eligible for full reimbursement. This development has provided a boost to the recovery efforts

Genesis Strikes $21 Million Deal With SEC to Resolve Lawsuit Genesis Global Holdco has reached a $21 million settlement to resolve a lawsuit concerning its crypto lending practices. The subsidiary of Digital Currency Group, Genesis, faced allegations from the SEC for the unregistered offer and sale of securities through its Gemini Earn program. The proposed

A Shockwave Hits the Banking Sector Following the U.S. central bank's decision to maintain the federal funds rate, the commercial real estate market experienced turbulence that sent shockwaves through the country's banking sector and beyond. New York Community Bancorp witnessed a significant 13% decline, while Japan's Aozora Bank plunged to its lowest point in eight