Experts and government officials have pinpointed the dangers that come with digital assets. U.S. authorities have warned that digital assets pose a security risk in a recent study. These dangers threaten the stability of the American financial system. The Study Contends Unless “Proper Regulation” Is Put in Place On March 9, 2022, President Joe Biden […]
These events are occurring while the situation in Ukraine continues to worsen. Earlier this year, the EU restricted only “high-value” crypto-asset transactions to individuals and businesses in Russia. The current sanctions are likely to become more severe for the Russian Federation. EU Sanctions Over Ukraine May Target Russian Crypto Services The EU is getting ready […]
Thomas Moser, a Swiss National Bank board member, has voiced his concern. CBDC offers the most significant stability potential and provides the fewest dangers to DeFi’s growth, he says (SNB). Moser told Cointelegraph; stablecoins are sectors such as DeFi that need a stable currency to grow. The Push Toward Digital Asset Centralization In contrast to […]
The cryptocurrency industry seems to be thriving. This occurs while many fiat currencies throughout the world are losing value. Ethereum (ETH) and Bitcoin (BTC) are two examples of digital assets attracting investors’ attention. Bitcoin Has Attracted a Large Number of Investors The cryptocurrency market intelligence platform Messari released some new statistics on September 29. According […]
The Ooki Decentralized Autonomous Organization group has started brainstorming a countermeasure. The recent lawsuit filed by the U.S. Commodity Futures Trading Commission against the DAO serves as the basis for this talk (CFTC). Ooki DAO’s Counter-Suit Aims to Retaliate Against the CFTC’s Litigation The Commodity Futures Trading Commission has filed suit against Ooki DAO because […]
This action was taken as part of China’s increasing efforts to stem illicit financial flows. The crypto money laundering case includes 40 billion Yuan (US$5.6 billion). A total of 93 people were taken into custody, according to a statement released by the local police department on Monday in Hengyang. The Chinese Government Has Made It […]
The United States Treasury Department announced that it was forced to take action against a cryptocurrency system (Tornado Cash). The reason was that it had been exploited to facilitate the laundering of more than $7 billion of virtual currency. The attack included $455 million stolen by a hacker group supported by North Korea. Tornado Cash […]
There have been suggestions for a prospective framework for stablecoin regulation. With the law, assets like TerraUSD may be illegal for two years. The Financial Stability Oversight Council will convene on September 23 under the direction of U.S. Treasury Secretary Janet L. Yellen. In a report by Bloomberg, the bill’s text indicates that issuing or […]
During a meeting with lawmakers on September 19, Njoroge referred to the suggestion as “crazy”. Njoroge cited the volatility of Bitcoin as a reason why converting the reserves into digital currency would be dangerous. In addition, he brought up the possibility that cryptocurrencies’ benefactors will pressure politicians. According to him, that pressure will guide the […]
Recently, the United States Treasury yields have increased at an alarming rate. Meanwhile, an analyst has stated that this could spark a debt crisis in America. Stock And Crypto Economy Crumbles As Traders Await The Fed’s Next Decision This week, the major price indexes on Wall Street were in the red region. Also, cryptos and […]
The release of the fully accessible code for the CBDC sandbox in Norway is a major step forward in the country’s ambitions to develop its own form of digital money. In a post on their company blog, Nahmii, the official CBDC partner of the Norges Bank, announced the availability of a testing sandbox hosted on […]
On Thursday, the European Central Bank increased its interest rate by 75bps, the largest increase ever. The European bank follows the footsteps of other banks that have hiked interest in 2022. ECB Increases Lending Interest Rate By 75bps The 25 members of the bank’s governing council increased the benchmark for the 19 nations using the […]
Binance and Nigeria are working together to launch a digital economic zone in Nigeria. This digital economic zone, similar to the virtual free zone in Dubai, will be fueled by blockchain tech. Digital Economic Zone To Support Blockchain And Crypto Businesses In 2022, Binance has been expanding to various parts of the world, preaching crypto […]
In August, the inflation in the Eurozone reached an all-time high of about 9.1%. According to Eurostat, this is the highest rate of inflation in history. Inflation Continues to Soar in Europe as Energy Crisis Worsens This rate is higher than what most economists predicted before now. Meanwhile, the increasing fuel prices in Europe also […]
On Thursday, Stefan Berger, the leading lawmaker for the EU’s MiCA (Markets in Crypto Assets) law, said the text could be ready in six weeks. The MiCA law will change the crypto regulatory climate in Europe. Crypto Firms to Register with State Regulators On June 30th, governments and lawmakers reached an agreement on the outline […]
Two cryptocurrency trading platforms in Canada are in trouble with the Ontario Securities Commission (OSC). A complete ban has been imposed on KuCoin, which means that it can no longer operate in the capital markets of Ontario. As far as Bybit is concerned, the platform has agreed to comply with the rules set forth by […]
In recent years, the cryptocurrency industry has become one of the most adopted spaces for generating income. The reason behind the unmatched growth of the crypto-verse is the passive income-earning opportunities it has to offer. While many projects make the claims of offering passive income opportunities, only a few live up to their claims. The […]
The US Department of Justice (DoJ) released a new report in which it has asked for international cooperation from the global community, so they can deal with the criminal element in the crypto space. According to the DoJ, it is also willing to assist other nations in developing the infrastructure required for combating the rising […]
With the cryptocurrency market reaching all-time highs in the previous year, it was not surprising that the number of crypto lobbyists has gone up significantly. But, there is always a downside and this increasing number has also resulted in a rise in anti-crypto people in the tech sector. As they are not in favor of […]
Crypto Miners Consume More Energy Than Agric Sectors Cryptocurrency mining is not forbidden in Russia, at the same time it is not within the coverage of the country’s law. This makes it risky business to investors. However, after the announcement of the latest electricity consumption estimate, the Russian regulators clamored for the regulation of crypto […]
