Multiple Wall Street industrial trading companies have recently made plans to boost their cryptocurrency trading activities. The financial startups may soon open new business ventures to acquire a lump sum of crypto assets to trade. The most prominent players in the United States equity market have shifted their focus to digital assets. Some of these companies include Jump Trading, Jane Street and GTS. Wall Street Eyes Cryptocurrency Trading Several renowned Wall Street companies command trading respect on a global sphere.…

Laos, the southeast Asian country, authorized six companies to take part in a cryptocurrency trial. The government changed its official policy recently. Consequently, the firms will trade and mine in a trial run while the government begins to draft regulations about its use. This development will assist the country in gaining profit from Chinese miners. Subsequently, they can become an option for those who have suffered from China's cryptos mining crackdown.  The firms are Boupha Road-Bridge Design Survey Co., Phousy…

The leader of the People's party of Canada, Maxime Bernier, took to Twitter to announce that he is a big bitcoin enthusiast. He posted this 'secret' just one week before the federal elections. Bernier revealed his secret after many Canadians reached out to know if he supports Bitcoin and blockchain technology. He said that he fully supports Bitcoin. Bernier has condemned Canada's current monetary system and the inflation of its currency. On the 15th of September 2021, he stood up…

Jay-Z and Damon Dash, co-founders of Roc-A-Fella Records, are in a legal fight involving non-fungible tokens (NFTs).  It is not the first of such cases in the U.S. There have been more than half a dozen suits citing ownership and regulation of NFTs since the start of 2020. The asset has grown over the past year. OpenSea, the biggest NFT marketplace, soared from $8 million to $1 billion in just six months. The Lawsuit Filed Against Dash In June, Roc-A-Fella…

Recent reports show that China is increasing its crackdown on crypto mining activities. The main reason behind the crackdown was China's 5-year plan to be carbon neutral. Yet, other reports state that power shortages in the upcoming winter could be the reason behind the crackdown. Furthermore, China could be looking to strengthen its digital yuan.  China Intensifies War on Crypto Miners Recently, there have been reports that China is increasing its crack illegal crypto mining. The China crypto crackdown has…

Binance exchange CEO Changpeng Zhao admits to adopting a centralized platform. Working under a centralized crypto exchange paves the way to peaceful coexistence with the regulators. By Zhao's words, Binance needs a clear record of stakeholders, risk controls, and ownership. The news comes after continuous battles with financial regulators from different countries. The Previous Struggles Binance had several regulatory fights in the past. Essentially, concerns came from regulators based in Italy, Singapore, Holland, Japan, and many more. In June 2021, Japan issued…

Opensea NFT marketplace confirmed on the 15th that one employee was insider trading. The event came after several social media users accused one of their top executives of trading insider information. Opensea accepted publicly and announced the new policies they set against insider trading in the future. Opensea Employee Trading Information On Wednesday, Opensea confirmed that one of their employees had taken part in insider trading. Opensea is the largest NFT marketplace. It had trading volumes of over $3.3 billion in August.…

The Solana blockchain preferred blockchain cryptocurrencies for decentralized marketplaces, and apps will reinforce the network after a major outage. The network is promising to implement more protective steps. The Solana blockchain network went offline on Tuesday due to transaction overload. However, the team managed to get things in action quickly. The price of its crypto token eventually recovered. A “detailed post-mortem” analysis will be issued in the coming weeks, according to the @SolanaStatus Twitter account, after the network suffered an outage of more than 17 hours.…

The European Union recently announced its intention to invest in blockchain technology. By employing of a multi-billion Euro plan, the EU looks to dive into blockchain investments. This venture should enhance blockchain technology use in Europe. The project adds a regional bloc push towards industrialized manufacturing semiconductors. The need arose after a technological shortage forced carmakers to slow down production. European Union Pandemic Recovery Fund On Wednesday, the EU Commission President Ursula Von Der Leyen commented on the move. She termed it…

Crypto exchange platform Coinbase wants to offer futures trading. The exchange needs to get approval from the National Futures Association. The firm has to register with the Commodity Futures Trading Commission.  Afterward, they can proceed with their plans. At the beginning of the year, Coinbase took over Skew. The latter is famous for tracking the derivatives market. Bloomberg reported that Coinbase Financial Markets Inc. was seeking membership regarding an application with the National Futures Association yesterday. Coinbase is one of the best cryptocurrency stocks. For…