Chairman of the U.S. securities and exchange commission (SEC), Gary Gensler came under fire from the U.S. congress in a Wednesday hearing over his approach towards crypto regulation. Gensler faced several questions on the floor of the house, the major ones being…
Lawmakers in the U.S. have urged the chairman of the securities and exchange commission, Gary Gensler to immediately approve a Bitcoin spot exchange traded fund (ETF). The lawmakers including Reps. Mike Flood, R-Neb., Tom Emmer, R-Minn., Ritchie Torres, D-N.Y. and Wiley Nickel,…
American fintech giant, Circle has launched its new Euro-backed stablecoin, EURC on the Stellar blockchain. EURC was launched last year on Ethereum and then Avalanche in May this year. The stablecoin was launched as a way to bring more efficient and faster…
JPMorgan financial arm Chase Bank announced plans to impose restrictions on crypto transactions in the UK. In a blog post, the Chase bank team confirmed that from October 16, UK retail and institutional clients will be restricted from engaging in crypto transactions….
Leading crypto exchange Binance is working in partnership with Japan’s top bank, MUFG to study the issuance of a new stablecoin pegged to fiat currencies. The exchange in a statement on Tuesday said Binance Japan Inc. is conducting a joint study with…
As part of its strategy to enlighten investors about safe crypto firms to use, Hong Kong is releasing the list of crypto firms that applied for its newly launched retail crypto trading licenses. This new decision was informed by the JPEX’s incident…
In a recent X post (formerly Twitter), the chief executive of Coinbase, Brian Armstrong, opposed regulating the use case of artificial intelligence (AI) technology. Despite the inherent risk associated with the adoption of AI technologies, the CEO urged regulators to impose policies…
Coinbase has secured a registration with the Bank of Spain, the company said in a blog post on 22 September. The exchange’s registration recognizes it as a cryptocurrency exchange and custodian wallet provider with the Bank of Spain. Going forward, Coinbase will…
The Japanese Bitcoin exchange platform Mt. Gox has prolonged the deadline for repaying the creditors to next year. A letter penned by Nobuaki Kobayashi, the head of trustee, illustrated that the repayment period has been moved to October 31, 2024. The trustee…
Leading crypto exchange Binance on Thursday outlined the details of a consultation it had with the European Banking Authority regarding stablecoin-specific regulations in the European Union’s Markets in Crypto Assets (MiCA) legislation. One of the key areas of focus for the conversation…
Tether has taken a U-turn on its earlier decision to downsize its stablecoin loans. The company has resumed issuing USDT loans barely one year after it said it would stop its lending program. The Tether’s latest quarterly financial report shows that Tether…
Crypto payment gateway Alchemy Pay has secured a Money Transmitter License in Arkansas, the company said in a press release on Thursday 21 September. The license granted by the Arkansas Securities Department, empowers Alchemy Pay to enhance its operations within the United…
On Wednesday, September 20, the fast-paced tech and investment companies Apple and Goldman Sachs dropped plans to launch a trading application. A source privy to the matter said the proposed futures trading application was supposed to be launched last year. However, due…
In an advanced report, the Chamber of Digital Commerce (CDC) revealed plans to launch an strategic coalition dubbed Digital Power Network (DPN) to support the agency in promoting innovation. The launching of DPN aims to support the organization in establishing robust trade…
Bitcoin’s price is becoming increasingly unpredictable. The asset has been trading in a tight range before a recent rally that saw it rise above $27,000 as investors hope for a happy ending to the Fed’s decision today. One thing is clear though…
The U.S securities and exchange commission (SEC) says it will extend its crypto hunt to more crypto firms soon. Head of the agency’s Crypto Assets and Cyber Unit, David Hirsch said this on Tuesday at the Securities Enforcement Forum Central in Chicago. Hirsch…
On Monday, September 18, the fast-paced fintech company in Canada inked a strategic partnership agreement with Localcoin, a crypto ATM provider. A blog post by Bitbuy’s parent company, WonderFi Technologies, indicated that the two partners will promote crypto adoption and improve accessibility…
The crypto market has experienced a slight bounce with Bitcoin leading the way. The top cryptocurrency jumped to over $27,000 in the last 24 hours, gaining 2.42%. Other top cryptocurrencies have also bounced slightly as a result. This represents a break out…
On Friday, September 15, renowned crypto mogul Mark Cuban fell victim to a phishing attack that resulted in the loss of a substantial amount of assets. Reports indicated that hackers drained assets with $87000 from Cuban’s hot wallet. The incident was first…
The enforcement approach to crypto regulation in the U.S. is likely to cause the loss of 4 million jobs by 2030, a recent analysis by Coinbase shows. Coinbase says the approach risks the U.S. one million developer jobs and three million non-technical…
