Fed hits Texas bank with cease and desist over servicing crypto firms
The US Federal Reserve said it identified “significant deficiencies” in the bank’s dealings with crypto clients and its risk management procedures.
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Broker Launches ‘Trading Ideas’ Tool — Incentivizing Experts to Share Insights on Crypto
A contract-for-difference (CFD) broker says its platform is one of the first to operate in both crypto and fiat currencies — with a simple interface that’s designed to appeal to new and advanced traders alike.SimpleFX says that it already boasts more than 200,000 active traders around the world and aspires to become “the go-to app…

Mining rig manufacturer Canaan announces narrowing net loss in Q2 results
A vastly improved gross margin on sales contributed to a reduction in net loss of over 90% compared to figures from a year ago. Bitcoin mining rig manufacturer Canaan on Aug. 31 released its unaudited financial results for the second quarter of 2020.While gross profit was up both year on year and quarter on quarter,…

Redditors cheer as GameStop assembles team of NFT experts
“Future creators won’t just build games but also the components, characters, and equipment. Blockchains will power the commerce underneath,” Gamestop’s Head of Web3 Gaming job listing reads. 1588 Total views 15 Total shares GameStop (GME) is assembling a team of blockchain and NFT experts to work on the firm’s upcoming NFT platform. The firm’s GME…

Financial Giant Morgan Stanley Acquires E*Trade in $13B Deal
Major investment bank Morgan Stanley is buying online trading firm E*Trade Financial Group, which would extend the bank’s offerings to everyday investors.The $13 billion deal marks Morgan Stanley’s largest takeover since the crisis of 2008, also bringing along E*Trade’s five million clients, $360 billion in assets and an online bank, the Wall Street Journal reported…

Bitcoin Price Near $10,500 as Ether and Other Altcoins Make Gains
Saturday, Sept. 7 — Bitcoin (BTC) is trading sideways after falling short of the resistance at $11,000 yesterday, while Ether (ETH) is making a slight recovery from its dip earlier this weekMarket visualization. Source: Coin360Bitcoin has been trading in a range around $10,400 today. Yesterday it appeared that the coin would finally cross the $11,000…

Arbitrum (ARB) falls to all-time low as network usage metrics decline
Arbitrum has emerged as a leading contender within the Ethereum network’s layer-2 scalability solutions, boasting a significant total value locked (TVL) and notable activity. However, between Sept. 9 and Sept. 11, the price of Arbitrum (ARB) tokens experienced a sharp decline of 14.5%, marking its lowest point in history.Investors are now eagerly seeking insight into

Bloomberg: Japan Gauges Interest in Bitcoin ETF as Pundits Talk Down US Approval Rumors
Japan’s financial regulator is considering allowing Bitcoin (BTC) exchange-traded funds (ETF), an anonymous source told Bloomberg on Jan. 7.Citing a person familiar with the matter, the publication reports that the Financial Services Agency (FSA) is testing interest in an ETF with a view to potentially giving the instrument the green light to trade on domestic…

Apple bans ChatGPT use for employees over fear of data leaks
An internal document from the tech giant said that while it develops its own AI technology employee usage of outside AI chatbots will be restricted. 78 Total views 11 Total shares The “Big Tech” giant Apple, has restricted company usage of the widely popular artificial intelligence (AI) chatbot ChatGPT as it fears its sensitive data…