Market

Kraken Secures Restricted Dealer Status in Canada Amid ‘Turning Point’ for Crypto in the Country

April 2, 2025 by tady

Crypto exchange Kraken has registered as a restricted dealer in Canada, allowing the exchange to continue offering crypto trading services to Canadian users under the country’s evolving regulatory framework. The registration, announced on Tuesday, comes after a multi-year process that required exchanges to meet higher standards for investor protection and governance. Kraken said it worked … Read more

Vana Introduces Token Standard for Data-Backed Assets

April 2, 2025 by tady

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Ben Schiller. In this issue: Vana launches token standard Hashgraph to debut private blockchain ASICs will look more like servers An interview with Gensyn’s Ben Fielding This article is featured in the latest issue of The Protocol, our … Read more

Ben Fielding: Decentralizing Machine Intelligence

April 2, 2025 by tady

It started with a noisy desk. The desk was a wooden cubicle in a lab at Northumbria University, in northern England, where a young AI researcher began his PhD track. This was in 2015. The researcher was Ben Fielding, who had built a large machine stuffed with early GPUs to develop AI. The machine was … Read more

President Trump to Order ‘Reciprocal Tariffs’ to Begin at Midnight

April 2, 2025 by tady

In a Rose Garden ceremony on Wednesday, U.S. President Donald Trump said he intends to immediately sign an order for “reciprocal tariffs” to be levied against U.S. trading partners. “Our country and its taxpayers have been ripped off for more than 50 years but it’s not going to happen anymore,” said Trump, adding that the … Read more

Hbar Foundation Teams Up With OnlyFans Founder for TikTok Bid

April 2, 2025 by tady

The HBAR Foundation has teamed up with the founder of internet subscription site OnlyFans, Tim Stokely, in a bid to acquire Chinese social media app TikTok. Stokely and the HBAR Foundation submitted a bid last week to the White House through the former’s new family-friendly crowdfunding company, Zoop. “Our bid for TikTok isn’t just about … Read more

Wall Street Giant DTCC Unveils Tokenized Collateral Platform in Crypto Push

April 2, 2025 by tady

The Depository Trust and Clearing Corporation (DTCC), the world’s largest securities settlement system, is pushing deeper into crypto with introducing a blockchain-based platform for tokenized collateral management. Collateral is a fundamental part of risk management in financial markets, ensuring stability amid market fluctuations. However, traditional systems often suffer from inefficiencies due to fragmented infrastructure and … Read more

Crypto Firm Galaxy Secures UK FCA Approval for License to Expand Derivatives Trading

April 2, 2025 by tady

Galaxy Digital UK, the subsidiary of Mike Novogratz-led digital asset financial services firm’s application for a license to execute derivatives trading in the U.K. has been approved by the Financial Conduct Authority (FCA). The firm’s Investment Banking arm will also use Galaxy Digital UK’s FCA authorization to provide capital raising and investment banking services, according … Read more

Ben Fielding: Decentralizing Machine Intelligence

April 2, 2025 by tady

First Digital to ‘Pursue Legal Action’ Over Justin Sun Allegations as FDUSD Price Drops

April 2, 2025 by tady

FDUSD, the stablecoin issued by Hong Kong-based First Digital, has wobbled from its $1 price peg as investor concerns mounted over its reserves, though the company said Wednesday that it was “completely solvent.” FDUSD has dropped to 0.87 against Tether’s USDT stablecoin and 0.76 against Circle’s USDC on Binance, the main exchange where FDUSD is … Read more

Avalanche (AVAX) To Outpace Both Bitcoin and Ethereum By End of 2029, Standard Chartered Predicts After Initiating Coverage

April 2, 2025 by tady

Avalanche’s AVAX token is poised for major gains in coming years that should outpace already bullish outlooks for both bitcoin and ether, according to Standard Chartered’s Geoff Kendrick. “The unique thing about Avalanche is how it is attempting to achieve scale. Unlike Ethereum or Solana, Avalanche (AVAX) uses a set of subnets, or sidechains,” Kendrick … Read more