Cryptocurrencies remained in a consolidation phase this week. Trader Joe, GMX, and Casper Network were among the top movers on Friday. Cryptocurrencies reacted mildly to the latest US jobs numbers published on Friday. Bitcoin is still loitering at the $20,000 level while the volume traded in exchanges has dropped. This article will look at some of […]
Category: STO News
Revolut to terminate US crypto services due to regulatory challenges
Key takeaways Fintech firm Revolut is set to terminate its cryptocurrency services to users in the United States. The firm cited the current regulatory environment as the reason behind its exit. Revolut to halt crypto services in the US UK fintech firm Revolut has revealed that it would no longer provide cryptocurrency services to its […]
Ex Goldman Associates-Led Firm Launches T-Bills Backed Stablecoin
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Ondo Finance, an on-chain finance firm started by former Goldman Sachs associates, rolled out the USD Yield (USDY) today, the first-ever tokenized note backed by US Treasuries and bank deposits. The product will be […]
Crypto’s Influence on Sports: Exploring the Intersection of Finance and Athletics
The world of sports has undergone a remarkable transition as a result of the growing influence of cryptocurrency. As digital assets gain traction in the financial sector, their impact on the sporting domain cannot be overlooked. Cryptocurrencies are changing the way sports and economics connect, from sponsorship deals to fan involvement and athlete salary. This […]
US Added 187k Jobs in July as Hiring Cools Down
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. The US Labor Department reported Nonfarm payrolls grew by 187,000 in July, falling short of the market estimates of 200,000. Meanwhile, the unemployment rate also came in lower than anticipated, at 3.5%, while economists […]
X Social Media Searches for Financial Data Partner for Trading Hub: Report
X platform, formerly known as Twitter, is reportedly searching for a financial data partner to create a trading hub within the social media platform. X has reportedly sent requests for bids for the proposed project. According to a report by the media publication Semafor, the requests were sent in recent weeks. Musk Eyes Financial Services […]
Revolut Pulls the Plug on Crypto in US, Citing Regulatory Environment
Revolut, a London-based neobank, plans to wrap up its crypto trading offering to users in the United States by October 3, CoinDesk reported today (Friday). Users have until September 2 to purchase digital assets on the platform, and another one month to sell their crypto holdings. Revolut to Quit US Crypto Market According to CoinDesk, […]
Top 10 Solana Platforms Every Trader Should Know
Solana entered the market as an open-source project with a focus on scalability and functionality. The network quickly garnered support from users and Dapp developers due to its performance and structure which enabled simultaneous smart contract executions. Today, the Solana ecosystem is a vibrant decentralized community. Here are the top 10 Solana platforms that every […]
Revolut to Phase Out US Operations, Cites Regulatory Uncertainty
Renowned neobank and fintech company Revolut today communicated to its US-based customers that it will be suspending their access to its crypto services. In a statement, the UK-based digital bank said its decision to suspend operations was compelled by the lack of regulatory clarity in the market. The two-phase suspension process will see buying crypto […]
Chancer seizes the moment as meme trading volume dips
Currently, one CHNACER toke is going for $0.011. The price is expected to rise to $0.012 in the next presale stage. The trading volume of the top meme coins on August 4 dropped by about 8%. The new decentralized predictive market-making platform is seizing the moment with its CHANCER presale while a majority of popular […]