Financial News

Cubist also announced that Web3 staking provider Ankr is its first key management customer.

Luno has informed the Monetary Authority of Singapore (MAS) that it is withdrawing its license application.

The latest price moves in bitcoin (BTC) and crypto markets in context for April 18, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

The regime applies to all companies seeking to provide services in the country, unless already licensed in financial free zones in the United Arab Emirates.

Hong Kong-based Babel Finance will have more than a year to repay debts to its creditors after suspending withdrawals in June 2022.

Members of the crypto community have called out the SEC Chairman for “shilling” Algorand.

Brian Armstrong will give suggestions to the U.K. on regulations, taxes and ensuring collaboration between the banking and FinTech sectors.

While the total figures are “alarming,” crypto scams accounted for 7.1% of the total $2.08 billion stolen from Australians in 2022.

As of 8:11am today, the price of Bitcoin (BTC) is £23,973, according to CoinMarketCap. It’s down 0.10% on yesterday’s figure of £23,996, 1.02% on last week and up 10.32% on one month ago.

The Ethereum (ETH) price today, as of 8:11am, is £1,691, according to CoinMarketCap. It’s up 0.66% on yesterday’s figure of £1,680, and up 18.38% on one month ago.

Cryptocurrencies, a digital-only form of financial exchange that uses cryptography as a means of security, made their debut more than 10 years ago with the launch of Bitcoin.

Bitcoin - the largest and best-known cryptocurrency - was born from a rising distrust of government and financial institutions after the global financial crisis of 2008.