Digital Financial News

A new report published by Galaxy Digital traced the trends in venture capital investing in the crypto industry. The New York-based crypto investment firm found that crypto VC funding has decreased significantly over the past two years.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Cryptocurrency regulatory tests aimed at developing crypto legislation in Zambia by simulating real-world use of crypto are expected to be completed by June this year.

The Tron network stood at the brink of a rude awakening after Binance revealed that TRX would be among the cryptocurrencies to be delisted from the exchange. The announcement had a negative impact on TRX demand based on the market’s reaction.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

First announced late last year, the Office of Financial Technology builds on and incorporates the Office of Innovation, which the OCC established in 2016 to coordinate agency efforts to support "responsible financial innovation". In his role as Deputy Comptroller and Chief Financial Technology Officer, Bhardwaj will lead the team responsible for analysis, evaluation, and discussion of relevant trends in fintech, emerging and potential risks, and the potential implications for OCC supervision. The Office is designed to boost the OCC’s expertise on matters regarding digital assets, fintech partnerships, and other changing technologies and business models within and that affect OCC-supervised banks. Georgia Quinn, general counsel at Anchorage Digital says: "The crypto industry should welcome the OCC’s new office as a clear sign the federal government is serious about bringing crypto and emerging areas of financial technology within the regulatory perimeter."

Investor, financial commentator, and Euro Pacific Capital CEO Peter Schiff  made a prediction on Twitter regarding the future of Bitcoin [BTC]. He claimed that the institutional adoption of cryptocurrency is coming to an end.

April started on a promising note for the Avalanche [AVAX] network. After staying flat for most of last month, the daily active addresses on the chain recently hit their highest value on a year-to-date (YTD) basis, in excess of 70k.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

The cryptocurrency market has been factoring in the recently released US CPI figures, which have underperformed expectations. Many speculate on how this crucial economic indicator will impact Bitcoin's price trajectory.

Get ready to embark on an exhilarating journey through the world of cryptocurrencies as we unveil the best altcoins for April: SOL, RNDR, FTM, and the highly anticipated SWDTKN presale.

RobotEra has garnered a lot of attention from the crypto and gaming communities alike. 

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Apollo is doubling down on supplier diversity across its private equity portfolio, which includes major companies such as security services provider ADT and digital media company Yahoo.

Tuesday April 11th 2023 –  DeeLance, a Metaverse-based commercial interface platform that facilitates various functions such as human resource and supply chain management, has raised $100,000 from investors in just one week.

More than 420,000 merchants in Changsha, China, now accept payments in the digital yuan, China’s central bank digital currency (CBDC).

The New York Times' recent report on Bitcoin mining, «The Real-World Costs of the Digital Race for Bitcoin,» has been met with criticism from BTC proponents. The article claims that Bitcoin mining has a «voracious» appetite and uses as much energy as all residences in New York City. However, some analysts have pointed out that the article cherry-picks data and neglects the increasing use of renewable energy in the mining sector.

Jeremy Hogan, a lawyer at the legal firm Hogan & Hogan, has recently declared in a series of tweets that the digital asset known as XRP, which is owned by Ripple, is not a security since it does not meet the criteria for what is known as a «investment contract.» Hogan contends that the United States Securities and Exchange Commission (SEC) has not shown that Ripple is in violation of either an implicit or explicit investment contract in its action against the company. This is despite the fact that XRP might be regarded a security according to the definition of an investment contract.

The Montenegro central bank has inked a deal with Ripple, the blockchain firm based in San Francisco, to build a pilot program for the national central bank digital currency (CBDC).

Tuesday April 11th, 2023 – Love Hate Inu ($LHINU), the unique meme coin utilizing a vote-to-earn model, has successfully raised $3.5 million in under a month.