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KPMG survey reveals significant uptick in institutional adoption of crypto in Canada

April 25, 2024

The Canadian financial sector witnessed a significant uptick in crypto adoption in 2023, according to a recent survey by KPMG in Canada. Financial firms offering crypto products and services increased by 22% from 2021, while institutional investors incorporating crypto into their portfolios rose by 26% during the same period. Resurgence Financial Services: 50% of respondents […]

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SEC Seeks $5.3 Billion in Final Judgment Against Do Kwon

April 25, 2024

The U.S. Securities and Exchange Commission (SEC) has asked the court to order Terraform Labs and Do Kwon to pay around $5.3 billion as part of the final judgment against the two defendants. This sum Read More

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Meta Faces Tough Market Response as AI Investments Surge and

April 25, 2024

Meta’s shares dropped 15% in after-hours trading following announcements in April of plans for significant investment in AI, alongside a weaker revenue outlook and continued losses in its metaverse division, Reality Labs. The company anticipates Read More

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Edward Snowden Defends Crypto Privacy, Criticizes DOJ for Samourai Wallet

April 25, 2024

Edward Snowden criticized the U.S. Department of Justice (DOJ) for targeting app developers aimed at restoring financial privacy, responding to the arrest of the founders and CEO of cryptocurrency mixing service Samourai Wallet on Read More

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S&P Global Report: New Legislation Could ‘Boost’ US Stablecoin Landscape

April 25, 2024

According to a report from S&P Global Ratings, the introduction of the Lummis-Gillibrand Payment Stablecoin Act on April 17, 2024, promises to significantly reshape the U.S. stablecoin market. Authored by Mohamed Damak and Andrew Read More

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