Crypto Exchange and Wallet Backpack Acquire European Branch of FTX for $32,000,000

Backpack Exchange, a crypto trading platform founded by former employees of FTX and Alameda Research, acquires FTX EU for $32 million. According to a new announcement of the Europe-based crypto exchange and Backpack wallet, the exchange bought the European branch of FTX. “Backpack acquired FTX EU and its MiFID (Directive on markets in financial instruments)…

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IIF, GFMA, the commercial organizations urge the Basel committee to revisit the rules of Crypto – again – the ideas of the big book

For the second time in three months, a group of banking and capital market associations, including the International Finance Institute (IIF) and the Global Financial Markets Association (GFMA), wrote to the Basel Committee on Banking Supervision (BCBS) on the revision of the cryptographic rules of Basel which prevent banks from participating in the digital assets,…

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Bitcoin holds $110,000, but traders are simply betting $1.15 billion on a crash to $104,000

Bitcoin Institutional traders bet more than $1.15 billion on downside protection in the past 24 hours, with puts accounting for 28% of total market trading even as Bitcoin held more than $110,000. Greeks live reported Trading was concentrated in shallow out-of-the-money puts for this week and month, with a trading range of $104,000 to $108,000…

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Insurers run to cover the risk of raising crypto and ransom

A wave of violent attacks against cryptocurrency holders pushes insurers to develop new protections aimed at a growing physical threat: abduction for crypto. At least three companies specializing in cryptographic insurance and security now prepare kidnapping and ransom policies (K&R) for digital asset investors, according to to a recent report by NBC News. Rebecca Rubenfeld,…

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Strengthen iOS Security Against Elite Hackers

At a time when digital threats are greater than ever, WhatsApp is stepping up its game with a suite of enhanced security features tailored to iOS users at high risk of cyberattacks. The move comes amid a surge in sophisticated hacking attempts targeting high-profile individuals and organizations. According to recent reports, the Meta-owned messaging giant…

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Here is the Dogecoin price if DOGE reaches the market cap of Ethereum or Tether

Dogecoin could reach new all-time highs if DOGE matches the market cap of Ethereum or Tether. Dogecoin investors have remained optimistic about DOGE’s potential despite the asset’s recent underperformance. This confidence is reflected in recent statistics shared by CoinSwitch, the leading cryptocurrency exchange based in India. As reported yesterday, CoinSwitch listed Dogecoin as the most-held…

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