The U.S. regulatory body, SEC, has requested the presiding judge over the current SEC vs Ripple case for an extension. The release of the motion had a negative impact on the price of Ripples’ token, XRP. It experienced a downtrend of 1.30% in price as at the time of publication. SEC Requests Court To Extend […]
In an interview, Christine Lagarde, the head of the European Central Bank, made it quite plain where she stands concerning the value of digital assets. Head Of ECB Label Cryptos As Worthless According to a survey by Politico, the head of the ECB noted her position on crypto. The ECB head stated that digital assets […]
UK cryptocurrency market regulators are currently investigating Terra’s plunge. It began amid the recent cryptocurrency market massacre. The leading cryptocurrency in the market, BTC, fell as low as $26,000 during the market downturn. At the same time, Terra fell by about 100%. Terra’s Meltdown Under Investigation as UK regulators Consider New Crypto Rules While regulators […]
The Recent Terra Drop Portrays Private Instruments as Just an Illusion Panetta in a statement noted that recent developments in the crypto industry show that believing in the usage of private instruments as money is just an illusion, since they cannot be exchanged at the same value as public funds at any time. He also […]
On Wednesday, orders were issued to five different metaverse casinos, instructing them to stop the sales of NFTs. Five US regulatory authorities acted fast to close a metaverse casino suspected of having relations with Russia and forced the casino to cease selling NFTs. Five jurisdictions throughout the country collaborated to simultaneously fulfill the orders. State […]
Binance’s expansion plans have met new challenges after Spain’s regulators asked the exchange to reduce its derivatives offerings. On Friday, the National Securities Market Commission told the globe’s largest trading platform to limit its derivatives services in the nation. Derivative trading is the speculation of the potential value of an underlying asset through the selling […]
The founders of Bitmex were fined $30M for unlawfully running a BTC derivatives trading platform and anti-money laundering offenses, according to the court. Arthur Hayes, Samuel Reed, and Benjamin Delo all have to pay $10M. The Founders of Bitmex Have Been Fined $30M For running an unlawful bitcoin derivative trading platform and anti-money laundering offenses, […]
Shanghai, the largest and most populous metropolis in China (including more than 25M inhabitants), has harnessed the power of blockchain technology to record and secure the occurrences of the COVID-19 lockdown. Many videos, images, and music files are saved as NFTs that may be traded with cryptos on NFT markets, bypassing censorship. Because NFTs operate […]
The long-running case between cryptocurrency firm Ripple and U.S. regulator SEC will take a new dimension this week, as both parties are set for a significant breakthrough. Both parties will suggest a timeline for a summary judgment this Friday. However, Ripple’s lawyer James Filan anticipates more postponements in the case. He believes Ripple and the […]
Legislators in Oklahoma have taken legislative steps in recent days that, if passed, would provide a tax benefit to cryptocurrency and BTC miners who want to establish a business presence in the region. Oklahoma Supports Crypto Mining A bill introduced by state legislator John Montgomery and the representative of the state, Ryan Martinez this year […]
The number of US politicians in the pro-crypto camp is increasing daily against those in the opposition camp. These politicians advocate for the acceptance and legalization of digital assets as a means of retail payments and investment opportunities. Among US politicians in the pro-crypto camp is Ron DeSantis, Governor of Florida state. Ron revealed that […]
The emergence of cryptocurrency led to a rapid change in transactions in the financial sector, giving rise to a stage where digital transactions are gradually replacing conventional financial transactions. Over the years, there have been calls from some individuals and groups about the operation of cryptocurrency, particularly Bitcoin, and its effect on the environment due […]
XRP wallet addresses with at least 10m tokens have purchased about 900m XRP tokens (valued at about $710m as of this writing) between last December and this month. It is the second time such massive accumulation has taken place in the last half a decade. Santiment Data Reveals It All Data from the on-chain analytics […]
The United Kingdom’s Financial Conduct Authority (FCA) has expressed its reservations about the recent partnership between Paysafe and cryptocurrency trading platform, Binance. The FCA did not support the latest deal following the previous incident in July 2021, when Binance failed to access the sterling payment network, paving the way for Paysafe to strike a deal […]
One of Russia’s wealthiest men, Vladimir Potanin, has claimed that national digital currencies such as the digital ruble have more real-world meaning than BTC and other private digital currencies. Potanin made his opinion known among the two digital currencies in the latest Bloomberg interview. National Digital Currencies Are The Future Of The Finance World – […]
Belarus is not planning to fasten its free cryptocurrency legislation even as its neighbouring ally, Russia suggested to restrict token mining and transactions. The Eastern European Country of Belarus has given a go-ahead to let investment funds seek exposure to digital possession. This was approved in December 2017. The Belarusian government embraced Decree No. 8 “On the […]
The International Monetary Fund (IMF) has called on the Japanese government to cut back on its pandemic support program but to consider increasing taxes on capital income and properties as soon as the country’s economy completely recovers from the effects of the COVID pandemic. The IMF said that as the government has to continue supporting […]
In 2021, crypto devotees were persuaded that the US government had it in for them. And this is not without reason, as a thread of arrangements by the SEC and other controllers propose that government authorities are not at a commonplace with the industry, but rather a threat to it. The reason for this is […]
Per Bloomberg, the US SEC probes three crypto-yield companies over proper registration issues. Why The Probe? While none of the firms have been alleged of any misconduct, multiple sources reveal that the SEC is investigating whether crypto yield firms’ offerings should be considered securities. The operations of crypto lending firms are similar to the way […]
Unlike in ancient times, when merchants relied on clay tablets to keep their agreements, today’s equivalents increasingly rely on blockchain contracts. They want to employ intelligent contracts, which are decentralized apps (DApps) stored on the blockchain as executable code and can be activated by any network user. Smart contracts, which Ethereum first introduced, currently enable […]
