US

The post U.S. State Department Investigates After Binance Executive Detained in Nigeria appeared first on Coinpedia Fintech News A Binance executive from America was held hostage in Nigeria, facing a bribe demand of $150M. The officer, Tigran Gambaryan, stayed captive for 70 days and was charged with tax evasion and money laundering. His colleague escaped, but he got arrested near Prince Harry and Meghan’s tour location in Nigeria. The US State Department said that they are actively investigating Gambarayan’s case.…

The post Third-Largest US Bank Reveals Spot Bitcoin ETF Exposure, Igniting Market Optimism appeared first on Coinpedia Fintech News Wells Fargo, the third-largest U.S. bank, has disclosed its spot Bitcoin ETF exposure, fueling optimism in the market. In fact, the wealth manager joins a growing list of firms welcoming Bitcoin ETFs, according to a new filing with the SEC. This step follows the spot ETF approval on January 11, with Wells Fargo holding positions in Grayscale’s Bitcoin ETF, ProShares Bitcoin…

The post Mark Cuban Urges CFTC Regulation of ‘All Crypto’ Ahead of US Election appeared first on Coinpedia Fintech News Billionaire investor Mark Cuban advocates for the Commodities Futures Trading Commission (CFTC) to regulate “all crypto”. This move aims to address concerns of vocal crypto voters and potentially strengthen President Joe Biden’s reelection bid. The plea by Cuban for regulatory clarity emerges amidst a tense scenario, as SEC Chair Gary Gensler faces criticism for his tough stance on crypto. As…

BRICS nations have been conducting discussions on developing a new currency and fostering closer financial ties among member nations. The proposed BRICS accounting unit could potentially evolve into a real currency in the event of the US Dollar’s collapse. As per a statement from a Russian IMF representative, BRICS nations are poised to propose an alternative to the US Dollar amid concerns about its weakening value, necessitating preparation within the bloc for such a scenario. Comprising Russia, India, China, Brazil,…

The post EigenLayer Sparks Controversy Over Excluding US and China Users appeared first on Coinpedia Fintech News Eigenlayer, a prominent Defi player has caught the attention of the crypto community as its highly anticipated token distribution through airdrop excludes the US and China among other jurisdictions. This has ignited debates over its accessibility and regulatory concerns. The $15 billion Eigenlayer project was criticized for blocking US and China users. In response to the feedback, It plans to announce an additional…

.A Republican-led effort to free American banks to provide crypto custody services has been shut down by the Democrat-led White House. On Wednesday, the House of Representatives discussed and prepared to vote on House Resolution 109 (H.J. Res. 109), which would strike down prior accounting guidance from regulators to banks planning to offer the service to customers. Hours before the vote began, however, the Biden Administration stated its intention to veto the resolution if it manages to pass through the…

The post Mastercard And Major US Banks Collab To Test Tokenized Asset Settlement appeared first on Coinpedia Fintech News Mastercard’s disruptive collab with leading US banks to trial shared ledger technology for settling tokenized assets aims to simulate transactions in dollars improving cross-border transaction efficiency and reducing the risk of error and fraud. The assets include commercial-bank money, Treasury securities, and investment-grade debt securities. The ledger technology will recast the financial landscape. Notable participants in the trial include Citigroup Inc.,…

As the Japanese yen hits a new low against the US dollar, the crypto market braces for impact. This could influence the prices of Solana and Avalanche. Meanwhile, the emerging Raboo, now in its third presale stage, has already gathered significant momentum. With over $1.2 million raised, 5,200 members joined, and 1,800 token holders, Raboo's RABT token—priced at just $0.0042—promises explosive growth, with analysts predicting a 100x increase on launch day and a 233% rise during the presale. Yen weakens:…

The cryptocurrency market has recently exhibited distinct divergences in the behavior of its two leading assets, Bitcoin and Ethereum. While Bitcoin appears to be stepping into a phase of relative stability, Ethereum’s journey paints a contrasting picture of sustained uncertainty, particularly in its options market. This divergence is highlighted by the sustained high levels of implied volatility associated with Ethereum options, signaling a cautious outlook among investors regarding its future price movements. Ethereum Persisting Volatility: A Comparative Analysis Implied volatility…