Crypto payments firm Ripple Labs introduced the cryptocurrency that is widely known as XRP and the token saw an 11% increase in its value on Friday morning. This comes after a strong week of gains for the crypto driven by the hope…
Immunefi recently announced that it had managed to raise $24 million in a Series A funding round that was led by Framework Ventures. The popular bug bounty system for decentralized finance (DeFi) projects and smart contracts made the announcement in a press…
On Tuesday, lawmakers were informed by an official of the US Department of Treasury that cryptocurrencies could be used for sanction evasions by Russia. The official stated that Russian President Vladimir Putin may use these virtual currencies for evading the sanctions that…
On Monday, the US Securities and Exchange Commission (SEC) filed a federal lawsuit against Ian Balina for not registering a crypto as a security before he conducted an initial coin offering (ICO) in 2018. At first glance, everything appeared to be standard…
Over the weekend, top cryptocurrencies saw their prices plunge even further, which has resulted in a lot of liquidations in the market. Data from CoinMarketCap showed that Bitcoin’s bearish price action saw it drop to a low of three months at $18,390….
The accounting guidance from the US Securities and Exchange Commission (SEC) has upended the cryptocurrency projects of banks. According to people with knowledge of the matter, this is because the guidance would make it too capital-intensive for banking institutions to hold crypto…
On September 16th, a first-ever ‘Comprehensive Framework’ was unveiled by the White House, which is aimed at the development and regulation of crypto assets in a responsible manner. It essentially outlines the recommendations and conclusions of different federal agencies that had been…
The financial services provider and digital asset custody business, Bitgo recently disclosed that it had recently filed a lawsuit against Galaxy Digital. The company said that it had decided to sue the crypto company for damages of over $100 million. It said…
The Chamber of Digital Commerce has recently made a statement that involves the US SEC and what it will need to do with incoming ETF requests. SEC to Approve Requests for ETF The Chamber of Digital Commerce, the crypto advocacy group has…
The Wazirx crypto exchange said that its bank accounts were unfrozen by the Enforcement Division (ED) in India. The accounts had previously been frozen due to an investigation launched by the federal agency into 16 fintech firms and instant loan applications. The…
The parent company of Facebook, Meta is working on its new venture into the metaverse, but a number of US senators have made a demand on its chief executive, Mark Zuckerberg. They want him to prove that the social media company takes…
Gary Gensler, the chairman of the Securities and Exchange Commission (SEC) spoke at an industry conference where he said that is in favor of handing the CFTC the responsibility of overseeing the crypto space. Crypto oversight The SEC chair said that Congress…
The latest reports suggest that a new lawsuit has been filed against the US Department of Treasury in the US District Court. The lawsuit has been filed by six users from the cryptocurrency industry involving Tornado Cash and Ethereum blockchain. Six Users…
Once again, the Huobi exchange has found itself under hot waters and this time, it is the regulators in Malaysia that have stepped up against the exchange. SC of Malaysia adds Huobi to Alert List The reports have just come in from…
Key government institutions in Russia have come to a consensus that they need to legalize the use of cryptocurrencies for making international settlements. The last few months had seen this particular proposal garner support because there have been an increasing number of…
Brad Sherman, a US Representative, said that cryptocurrencies have not been banned by Congress because they have too much power and money. He elaborated that they hadn’t banned crypto as yet because money works for campaign contributions and it works for lobbying…
The Bank of Ghana clarified that the expected launch of a central bank digital currency (CBDC) in the country would not have a negative impact or disrupt the activities of mobile money operators. Instead, the central bank of Ghana stated that the…
California could become one of the first states in the US to require all crypto businesses and companies to get a special license for operating. How can it make it happen? All it needs is a simple signature from the governor and…
It has been almost a year since a mysterious wallet for Axie Infinity has been accumulating Smooth Love Potion (SLP). According to the observers and the blockchain analyzing firms, the wallet has been accumulating SLP very quietly. The collected data suggests that…
Dogecoin (DOGE) On August 25, the trading price of Dogecoin had risen significantly and it successfully went over the 20-day EMA ($0.07). Despite the effort, the bulls failed to push the trading value of the meme coin higher. They were not able…
