US SEC Holds Firm on Crypto Custody Rule The United States Securities and Exchange Commission (SEC) remains firm on its stance regarding crypto custody for regulated financial institutions, as SEC Chief Accountant Paul Munter confirmed during a recent speech. His remarks focused…
The private equity platform, Unbound Fund allows investors to secure Portuguese and EU citizenship via Bitcoin-driven investment. A newly established private equity fund – Unbound Fund – is promoting the pioneer Bitcoin-driven golden visa avenue onboarding overseas investors in earning Portuguese and…
The UK’s transition to a Labor-controlled government after 14 years prompts concern about whether the Chancellor of the Exchequer could utilize the country’s Bitcoin holdings to fund the party’s goals. The transition from the Conservative Party-run government to the Labour is prompting…
Multinational investment giant BlackRock CEO backs Bitcoin as a choice asset for individuals with pessimistic outlooks. BlackRock chief executive Larry Fink endorsed Bitcoin during his appearance on a CNBC interview. The executive profiled himself as a firm believer in the top crypto…
In its May 20 report, the Gala Games suffered a multimillion exploit. The Gala Games lamented that a lousy actor minted 5 billion of its native token Gala valued around $240 million. The exploit interfered with the Gala’s market performance, impacting huge…
The financial landscape is undergoing a shift, with the advent of cryptocurrency challenging the foundations of traditional banking. This digital currency revolution, spearheaded by the creation of Bitcoin in 2009, presents a new paradigm in which decentralization, blockchain technology, and digital assets…
Last week’s biggest news was the CFTC’s (Commodity Futures Trading Commission) lawsuit against crypto exchange Binance. The agency accused the company of unregistered derivatives trading. The accusations don’t end there; CFTC also claims that Binance failed to adopt effective know-your-customer and anti-money…
Popular YouTubers Graham Stephan and Bitboy_Crypto face another billion-dollar lawsuit for allegedly promoting Binance, a cryptocurrency exchange, on their social media platforms. The lawsuit seeks $1 billion in damages and names NBA star Jimmy Butler and Binance CEO Changpeng Zhao as co-defendants….
In a shocking turn, Seychelles-based virtual currency exchange OKX has recently unearthed $157 million in online holdings owned by prominent firms FTX and Alameda Research. As a result of the discovery, OKX has pledged to transfer the assets to the insolvency estates…
The United States Commodity Futures Trading Commission (CFTC) has lodged litigation against Binance, a crypto exchange, and its creator, Changpeng Zhao, accusing them of violating the law by offering cryptocurrency derivatives to customers in the U.S. without being registered. Based on the…
Despite the crypto rally slowing down this week, some leading cryptocurrencies have still increased by double-digit percentages. Credit Suisse’s crisis largely triggered the upward price movement. Initially, the financial institution had requested a $54 billion loan from the Swiss National Bank to…
On March 22, the FTX team agreed to start the recovery of $460 million invested by Sam Bankman Fried in a venture capital Modulo Group. The funds were wired by the FTX affiliate company Alameda research in 2022. Based on the FTX…
A report from the Financial Supervisory Commission of Taiwan (FSC) issued on March 20 revealed that the formulation of the crypto regulatory framework is at its preliminary stage. The report stated that the FSC is tasked to oversee the operation of Taiwan’s…
A class-action legal case proposes that a significant role has been played by Silvergate in the alleged scam that took place at FTX (the crypto exchange of Sam Bankman-Fried). The petitioners assert that the crypto bank has also been responsible for the…
As criticism grows, Gensler’s perspective on cryptocurrencies appears distorted. Upon entering the U. S. Gary Gensler, the chairman of the SEC, has frequently been mentioned as the prohibition tool of electronic possessions and the related sector. The Gensler has taken a very…
Many local news outlets in India reported that the community of the country is taking less interest in its digital rupee. As reported by the Hindu Business, the currency does not show any distinction from internet-based banking, and the consumers were in…
If Tornado Cash had been left alone, Treasury authorities should have promoted the state safety measures more. More than just compromising national security interests is done by Tornado Cash. The need for safety and anonymity When someone first transfers a huge sum…
The former CEO of FTX was ordering calls for court legal proceedings and confounded the cryptocurrency users. The governmental contributions and strong relations with the political parties in the US made Bankman Freed one of the biggest crypto traders. But later all…
Visa, a worldwide provider of payment services, has expressed ambitions to start providing services related to digital wallets. The fintech company has submitted trademark applications to utilize its name in software to access, store and view NFTs and crypto assets. Visa Moves…
On November 21, the government of Kenya introduced changes to the Kenyan Capital Markets Law. The Kenyan government’s approach is to make sure that the taxation on cryptocurrencies is streamlined. The Amendments The amendments suggest that any individual or entity that is…
