A New Crypto Bill Likely in Senate by April

A New Crypto Bill Likely in Senate by April

During her testimony before the Senate Agricultural Committee on March 8, Senator Gillibrand disclosed the next draft outline. The Commodities Futures Trading Commission (CFTC) oversight was the topic of conversation at the hosted event. During her speech (1), the American politician brought up an earlier version of the crypto law that she and Senator Lummis … Read more

Not CFTC Tell Before Senate that Ethereum and Stablecoins are Commodities

Not CFTC Tell Before Senate that Ethereum and Stablecoins are Commodities

The regulatory environment surrounding cryptocurrencies in the United States has been fraught with ambiguity for some time. On March 8, the Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, testified before the Senate Agricultural Committee that most stablecoins are commodities. Curiously, he also includes Ethereum (ETH) in this group, and he adds that … Read more

Binance Includes 24 More Tokens in its PoS Initiative

Binance Includes 24 More Tokens in its PoS Initiative

Per the announcement made by Binance, the newly included tokens are as follows: MASK, ENJ, WRX, GRT, CHR, CRV, 1INCH, CVP, HFT, SSV, and DOGE. Binance is not only the platform that handles the most trading volume, but it also possesses a vibrant market comprising hundreds of tokens made available to consumers. Following the failure … Read more

Binance.US gets the Court’s Go-Ahead to Acquire Voyager

Binance.US gets the Court's Go-Ahead to Acquire Voyager

Binance.US has been given permission to purchase the assets of defunct cryptocurrency lender Voyager Digital in a $ 1 Billion dollar deal. Binance.US will be able to broaden its range of services and boost its standing in the extremely competitive cryptocurrency sector due to the acquisition. The agreement was given the go-ahead (1) on March … Read more

The UK Financial Watchdog Cracking Down On Unregulated Crypto ATMs In London

The UK Financial Watchdog Cracking Down On Unregulated Crypto ATMs In London

Regardless of the state of the cryptocurrency market, regulators have kept putting pressure on a variety of subindustries within the cryptocurrency business. This morning, the United Kingdom’s Financial Conduct Authority began the process of pursuing legal action over unregulated cryptocurrency ATMs located in the city of London. The crypto ATM is one of the emerging … Read more

File your Rehab claim form by March 10; Mt. Gox tells its Creditors

File your Rehab claim form by March 10; Mt. Gox tells its Creditors

Creditors of Mt. Gox who have experienced losses are required to choose a payment schedule and enter their details in an online rehab claim filing system. It has been communicated to the creditors of Mt. Gox that they have until this coming Friday, March 10, to register and identify the mode of repayment that they … Read more

Fed Chair Jerome Powell Warns Financial Institutions to be Cautious While Dealing With Crypto

Fed Chair Jerome Powell Warns Financial Institutions to be Cautions While Dealing With Crypto

The Chairman of the Federal Reserve, Jerome Powell, gave a speech on Tuesday, March 7, in which he discussed recent developments in the cryptocurrency industry as well as the present macroeconomic climate. Amid the recent upheaval, the Chairman of the Federal Reserve attempted to find a middle ground by claiming that the central bank is … Read more

FTX Sues Grayscale for $9 Billion For Inappropriate Management of Funds

In the most recent turn of events, the defunct cryptocurrency exchange FTX has filed (1) a lawsuit against Grayscale Investments, the largest cryptocurrency asset management in the world. The case was filed by FTX’s sister business, Alameda Research, against FTX’s creditors to get injunctive relief for FTX debtors and realize more than $250 million in … Read more

Brazil Launches Beta CBDC, Full Launch by 2024 End

Brazil Launches Beta CBDC, Full Launch by 2024 End

To improve access to financial services throughout the South American nation of Brazil, the country’s central bank has formally introduced a prototype form of central bank digital currency (CBDC). Also, the bank has high expectations that the Brazilian CBDC would achieve the same level of success as Pix, the immediate payment system used in Brazil. … Read more

BKCoin Misappropriated Funds of Customers, Gets an SEC Suite in Response

BKCoin Misappropriated Funds of Customers, Gets an SEC Suite in Response

The regulator has taken yet another step in its ongoing enforcement campaign. This time, it has accused BKCoin Management and its key person, Kevin Kang, of being involved in a fraudulent operation involving cryptocurrency assets. According to the regulating body (1), the company raised around one hundred million dollars from fifty-five investors to initially invest … Read more