Author: Isabella Taylor
Key Takeaways Under the new regulation, banks may hold digital assets in custody, buy and sell them at the customer’s direction, and engage third-party service providers for crypto-asset functions. Under new guidelines, banks can execute crypto trades at the request of users The U.S. Office of the Comptroller of the Currency (OCC) has issued fresh guidance confirming that national banks and federal savings associations are permitted to offer crypto custody and execution services to customers. The clarification was delivered via Interpretive Letter 1184, released on May 7. Under the new regulation, banks may hold digital assets in custody, buy and…
A transaction is a brief trip that you take with your merchant or supplier. There are occasions when different problems may arise that make it difficult for you to make payments to your vendor from the company’s account. Even in the case where everything goes seamlessly, manually tracking transactions and managing a large number of invoices is tedious and time-consuming, and human mistake is an ongoing possibility. However, by using Account Payable (AP) technologies to automate your company’s payable process, you can better plan and monitor every transaction, ensuring that you never forget to say “thank you” to the customer.…
Key Takeaways According to investigators, the eXch platform had facilitated roughly $1.9 billion in digital asset transactions since its founding in 2014 In its shutdown message, eXch argued that it was being targeted for its privacy-centric mission and criticized AML and KYC protocols as ineffective German authorities have seized $38 million in crypto from eXch, a crypto platform accused of laundering funds linked to 2025 Bybit’s $1.4 billion hack. The announcement was made jointly by Germany’s Federal Criminal Police Office (BKA) and Frankfurt’s main public prosecutor’s office. The enforcement action involved the confiscation of multiple crypto including Bitcoin, Ethereum, Litecoin,…
If you’re with a great chunk of money and your platform charges a 0.5% fee, then you probably might be paying a lot more than you should. Hence, there exists zero fee crypto exchange that charges you very minimal or no fee. This article will ponder around 8 such platforms and will try to help you determine which of them is best for your trading journey. Summary (TL;DR) There are various exchanges in the crypto market that charge no fee for trading. Phemex is a Singaporean exchange with limited services at users’ disposal. It offers crypto trading and leveraged and…
There are 35 decentralized exchanges created on various blockchains, and the industry is quickly expanding. For example, Uniswap, which is on the Ethereum blockchain, has the highest trade volume of any DEX. Historically, centralized players dominated this field. However, as the available technology stack evolves quickly, an increasing variety of tools enabling decentralized transactions have developed. As a result, the future of cryptocurrency exchanges appears to be slowly but gradually turning toward decentralized exchanges. It can one day replace our centralized exchanges. In this article, we will get a complete understanding of Decentralized Exchanges. Introduction to Decentralized Exchanges A Decentralized…
Key Takeaways Transaction revenue stood at $1.26 billion, with an additional $698.1 million generated through subscriptions and services. Coinbase anticipates Q2 subscription and service earnings between $600 million and $680 million Leading crypto exchange Coinbase reported a 10% quarter-over-quarter decline in total revenue for the first quarter of 2025, totaling $2 billion. Despite showing year-on-year growth from $1.64 billion, the figure fell short of the $2.12 billion market forecast. Transaction revenue stood at $1.26 billion, with an additional $698.1 million generated through subscriptions and services. Consumer trading volumes declined to $78.1 billion, marking a 17% drop, while institutional activity fell…
Ethereum has surged 20% in the past 24 hours, trading at $2,209 as of press time, in one of its sharpest short-term moves this year. The rally was backed by a sharp rise in trading activity, especially in the derivatives market, whose volume jumped 184%, as per Coinglass data. Open interest in Ethereum (ETH) futures has climbed 20% in the past 24 hours, signaling a wave of fresh capital entering the market. Rising open interest alongside price usually points to the start of a new trend, as traders build long positions rather than simply covering shorts. Meanwhile, more than $265…
Steak ‘N Shake has declared that all its outlets nationwide will start accepting Bitcoin payments starting from May 16 as part of shift towards cryptocurrency. In a recent post, the American fast-food chain announced that it will provide its more than 100 million customers with the option to pay for “original steakburgers and homemade milkshakes” in BTC (BTC). Steak ‘n Shake had been hinting at opening BTC payments to the wider public since March this year. “Steak n Shake accepting Bitcoin payments at all locations starting May 16, making the cryptocurrency available to our more than 100 million customers,” said…
WSJ reports that China is eyeing potential assistance in cracking down on the fentanyl trade in North America as a possible pretext for starting China-U.S. trade negotiations. Fentanyl overdoses take the lives of dozens of thousands of people in the U.S. and Canada annually. China is a key player in the North American fentanyl market. According to unnamed sources cited by The Wall Street Journal, China may propose cooperation on the fentanyl crisis as an “off-ramp from hostilities” to foster dialogue with the Trum administration. Potentially, China has a resource to tackle the North American fentanyl problem as its role…
Hut 8 Corp. reported a steep first-quarter loss and a nearly 58% revenue drop, as the lingering effects of last year’s Bitcoin halving and costly equipment upgrades took a toll. Bitcoin (BTC) mining firm Hut 8 Corp. posted a sharp downturn in its first-quarter financials, swinging to a significant loss as revenue plunged over 50%, Bloomberg reported. The company generated $21.8 million in revenue for the quarter, representing a year-over-year decline of nearly 58%. It also posted a net loss of $134.3 million, a stark reversal from the $250.7 million in profit recorded during the same period last year. According…