The governor of Florida Ron DeSantis has signed into law a new bill that forbids the use of a central bank digital currency (CBDC). Another bill signed on Friday 12 May also prevents credit card companies from tracking gun sales in the…
The leading crypto exchange Binance has acknowledged that the regulatory environment in the US has made it difficult to do business while expressing a desire to seek regulation in the UK. The company’s chief strategy officer Patrick Hillmann mentioned this During the…
The tax authorities in the UK will soon be granted power to seize Bitcoins held on crypto exchanges. The HM Revenue and Customs (HMRC) is proposing a legislation to this effect to seize the assets of crypto companies that fail to pay…
Microstrategy Co-Founder Michael Saylor says a central bank digital currency (CBDC) launch in the United States will only result in more interest in Bitcoin. He discussed his opinion on CBDC launch in a new interview with Valuetainment There is a recent push…
An official tweet from President Joe Biden revealed the famous MAGA House Republicans supported tax loopholes to benefit the wealthy crypto entrepreneurs in America. The President’s tweet was against the MAGA action that threatened the country’s food security investigations. The President’s May…
The prominent Bitcoin mining company Cipher has invested in purchasing 11000 mining machines. The Cipher team issued a press release dated May 9 concerning the purchases of the Bitcoin miners. In the announcement, the Cipher group confirmed that the purchases aimed at…
An official announcement from Coinbase chief executive Brian Armstrong revealed that part of his team plans to visit the United Arabs Emirates (UAE) to evaluate the suitability of establishing a universal strategic hub. Armstrong stated that Coinbase top executives have arranged for…
The United States Justice Department (DOJ) national security division is investigating Binance for allowing Russians to us the exchange when the country was being sanctioned. The agency says that the action was a violation of U.S sanctions. According to a Bloomberg report,…
On Thursday, the prominent financial and data company Fedi yielded $17 million in a series A funding round. The Fedi team announced that the funds would be utilized to increase Bitcoin adoption. The tech company plans to improve the usability and accessibility…
The Singaporean crypto mining firm Bitdeer Technologies has partnered with the Bhutan Kingdom investment arm Druk Holding and Investments (DHI) to establish a digital mining centre. The partners plan to invest in developing a zero-carbon crypto mine in the smallest state in…
Leading American crypto exchange Coinbase has launched a derivatives arm for its exchange outside of the United States. The platform will be offering Bitcoin and Ethereum “perpetual futures” to non-US users, since this form of trading is prohibited in the US. The…
On May 2, the Dubai-based crypto exchange ByBit released a unique lending platform for its diverse users. The new product ByBit Lending will allow users to earn interest on payouts. The ByBit community was delighted to announce that the lending platform will…
On April 29, the second largest payment platform, Mastercard, launched a new crypto credential platform. Mastercard Crypto Credential’s platform aims to support the customer to comply with the verification requirements. The developers of Mastercard’s new products confirmed utilizing emerging technologies to mitigate…
On April 27, the United States Department of Justice (DoJ) issued a press release revealing the court decision on the former chief financial officer of the African Gold Acquisition Corporation (AGAC) Cooper Morgenthau case. The report stated Morgenthau would be placed behind…
An April 27 announcement captured by reporters from The New York Times revealed that the Federal Bureau of Investigation (FBI) launched an investigation to search the home of former FTX executive Ryan Salame. Residing from Potomac, Maryland, the FBI officials raided Samale’s…
The CEO of Bittrex Global, Oliver Linch has declared the company’s intention to fight charges filed against it by the securities and exchange commission (SEC) in court. Linch said the SEC was “mistaken” in charging the exchange with security laws violations. Bittrex…
Top crypto exchange Coinbase has filed a suit asking the securities and exchange commission (SEC) in the United States to answer questions on regulatory guidelines for the crypto industry. This comes after the SEC sent a Wells notice to the exchange threatening…
Key Insights: Dogecoin’s similarities with Bitcoin could make it difficult for the SEC to regulate as a security. The Dogecoin Foundation board member believes the cryptocurrency could break into the top three. The regulatory landscape around cryptocurrencies is constantly evolving, making it…
Key Insights: Binance.US has made significant progress in acquiring bankrupt crypto lender Voyager Digital after facing several regulatory hurdles. The agreement between the Uncensored Creditors Committee (UCC) and the U.S. government is a significant milestone in the acquisition process. The acquisition is…
Key Insights: The #FireGaryGensler hashtag has gained traction on Twitter, with industry figures criticizing Gensler’s actions as the SEC Chair. U.S. Representative Warren Davidson plans to introduce legislation aimed at removing Gary Gensler from his position. The SEC’s move to redefine “exchange”…
