A senior official of the Federal Reserve, Michael Barr says stablecoins need to be regulated. Barr stated this on Friday in prepared remarks while speaking at a conference in Washington D.C. Barr, who is the vice chair of supervision at the Fed,…
In an October 27 court hearing, the founder of the FTX, Sam Bankman Fried, revisited some of the plans he had for the now-defunct crypto exchange. Shortly after the launch of FTX, the crypto mogul planned to sell his venture to the…
Taiwan has proposed a bill for the regulation of crypto, which passed first reading at the parliament today Friday 27 October, reports say. The special law proposed by parliament member Chang Chiang and 16 other lawmakers would require all crypto platforms operating…
Lawmakers in the U.S have called on the Department of Justice to investigate crypto exchange Binance and issuer of USDT stablecoin, Tether to ascertain their involvement with terrorism. This call comes following the terrorist attack on Israel a few weeks ago. In…
In a recent turn of events, crypto assets have appeared as an effective conduit for transferring funds to support the Hamas militants. The shift to crypto terrorist financing has attracted the attention of global policymakers and regulators. On Wednesday, October 25, Sean…
Neon Machine, the team behind AAA extraction shooter Shrapnel, generated $20 million in a Series A funding round. In an October 25 update, the Seattle-based gaming company revealed that the investment will be utilized in revamping the Shrapnel game. With the progressive…
Coinbase has again filed for a dismissal of the securities and exchange commission (SEC)’s case against it. This is the second time the exchange has filed for a dismissal of the case. However this time, it says the SEC is out of…
The central bank of Brazil is on the verge of breaking new grounds in the issuance of its CBDC. The bank holds an ambition to issue a CBDC that has the characteristics of a typical distributed ledger technology and retains privacy. According…
In an official communication, Paul Brody, the head of blockchain at Ernst & Young (EY), observed the changes in demand for Bitcoin among institutional clients. Addressing the CNBC team on Monday, October 23, the executive stated that institutional clients have been reluctant…
Applied Digital, a Dallas-based crypto mining company, has dramatically intensified its Bitcoin mining output. On Friday, the Applied Digital team officially launched a new data center in Texas. According to the announcement, the new mining facility will generate 200 megawatts. The report…
On Friday, October 20, the California-based crypto game Upland raised $7 million in a Series A funding round. The EOS Network led the successful fundraising in collaboration with other crypto and blockchain firms, including Animoca Brands and C3 Venture Capital. EOS Leads…
The U.S. securities and exchange commission (SEC) has dropped its charges against Ripple’s top executives Brad Garlinghouse and Chris Larsen over whether they are liable in their involvement in illegal securities sales. In a filing on 19 October, the agency wrote to…
The chairman of the U.S. securities and exchange commission (SEC), Gary Gensler says his agency is working on multiple Bitcoin ETF applications. When asked on Wednesday about the ongoing review process for spot bitcoin ETFs, Gensler said “The staff is doing work…
Coinbase has been pushing for regulatory clarity for the crypto industry in the United States. The crypto exchange has been in court on allegations of securities laws violations, but insists that regulatory clarity is missing, and so there’s no basis for such…
In a Monday October 16 press release, Tether, the largest stablecoin issuer by market capitalization, blocked 32 digital wallets tied to the Palestine terrorist group Hamas. The report indicated that Tether joined forces with the Israeli law enforcement units to weaken the…
BlackRock CEO Larry Fink says the Bitcoin rally triggered by false news on Monday shows how much interest there is in crypto. He described the event as the sign of “pent up interest in crypto.” Fink, whose company has also applied for…
In an official communication, Bosun Tijani, Minister of Communications, Innovation and Digital Economy in Nigeria, confirmed that the government plans to invest in expanding artificial intelligence (AI) technologies. The minister stated that the Nigerian government will provide a grant to finance AI-related…
The European Securities and Markets Authority (ESMA) has pointed out risks associated with decentralized finance (DeFi). The regulator in a report outlined multiple risks that investors in DeFi are exposed to, as well as risks to financial stability. Specifically, the ESMA warned…
The securities and exchange commission (SEC) has refused to file an appeal against the court ruling directing it to reconsider Grayscale’s application for a Bitcoin spot exchange traded fund (ETF). Reuters reported on Friday that the agency made the decision to not…
Top crypto exchange Coinbase has expressed what it calls “serious concerns” about the new tax rules proposed by the IRS. The exchange in a 14-page letter to the Internal Revenue Service on Thursday detailed its concerns about the “nature and scope” of…
