Tim Fries - Author for 24/7 Wall St.
Lastest Stories by Tim Fries
JPMorgan’s profit jumped 67% to $14.47 billion in the second quarter of 2023, driven by rising interest rates and the buyout of the collapsed First Republic Bank in May. JPMorgan said its profit...
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Polygon’s team introduced a 2.0 roadmap last month, an initiative to create a unified network of multiple chains. As part of this initiative, Polygon researchers submitted a new proposal to create...
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European crypto enthusiasts will soon be able to invest in a spot Bitcoin exchange-traded fund (ETF). Wealth manager Jacobi Asset Manager said it plans to launch a spot Bitcoin ETF in July amid a...
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Alex Mashinsky, co-founder and former Chief Executive of the imploded Celsius Network, got arrested on Thursday, Bloomberg reported. The 58-year-old business executive and his collapsed crypto...
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South Korea continues to push the envelope on digital asset transparency. Going beyond just regulating crypto exchanges as Virtual Asset Service Providers (VASPs), registered companies must also...
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ARK Innovation ETF sold more than 132,000 Coinbase (NASDAQ: COIN) shares worth around $11.8 million after the exchange’s stock rose on its potential role in the proposed launch of a Bitcoin...
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MUFG Bank, one of the three megabanks in Japan, reportedly invested billions of yen to buy a 18% stake in Groovenauts, a quantum computing startup. The investment makes MUFG the first among Japan’s...
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On July 7, the official Multichain account informed the public that the protocol stopped functioning entirely, leaving existing bridge transactions “stuck on the source chains.” The account...
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Inflation in the US dropped to 3% annually in June, while the core consumer price index (CPI) fell to 4.8%. The data represents a notable retracement in inflationary pressures, but it will likely do...
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Due to growing regulatory uncertainty and market conditions, Singapore’s state-owned conglomerate Temasek will steer clear of the crypto market. The fund’s remarks come as US regulators...
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Jeremy Allaire, CEO of USDC issuer Circle, thinks that a stablecoin pegged to the Chinese yuan could help internationalize the national currency better than a central bank digital currency (CBDC)....
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When BlackRock filed for Bitcoin ETF on June 15th, it triggered an avalanche of similar (re)filings. The SEC has refused every application since the Winklevoss brothers of Gemini Exchange filed it...
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Arkham Intel issued a statement on July 11, denying accusations that it is linked to US government agencies. The platform has been facing a lot of criticism recently after launching an exchange for...
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A new research report by K33 showed that China accounts for 15% of Asia’s crypto manpower, only behind Singapore, Hong Kong, and India. This means that China is one of the biggest crypto hubs on...
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Hong Kong’s securities regulator will roll out a virtual asset training program to advance the city’s Web3 ambitions.
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