The network of rules, statutes, and legal procedures governing the cryptocurrency and blockchain businesses is collectively called “crypto regulation.” The legal standing of these businesses has been a hot topic of discussion ever since Bitcoin’s 2008 white paper. The issues facing legislators and regulators have completely changed. Some authorities have reacted negatively because they perceive cryptocurrency as threatening monetary authority. Others have embraced the sector due to its ability to connect distant economies and promote secure global commerce. However, the majority of the globe is still figuring out how to enact, oversee, and enforce the body of regulations governing such a new industry.
While the Judge in the lawsuit between Ripple Labs and the SEC continues to wait for a ruling from the US Southern District Court of New York, the XRP community has started circulating rumors that the Judge in charge, Analisa Torres, is a member of the “deep state.” Because of this, proponents of the theory anticipate … Read more
The most recent study published by the Wall Street Journal has once again caused widespread upheaval in the bitcoin industry. As per their sources, Binance, the most significant participant in the business, has been formulating a plan to avoid the possibility of being prosecuted by the relevant authorities in the US. In 2019, the company … Read more
Given how easy it is to obtain bitcoins, many people are interested in cryptocurrencies and think the expanding trend of bitcoin ATMs will drive further acceptance. Yet, Bloomberg stated that Bitcoin ATMs were impacted by the crypto winter that occurred a year ago. A recent instance demonstrates that regulators have cracked down on a Bitcoin … Read more
The well-known American rapper and actor Snoop Dogg has just come forth with the news that he is one of the founders of the Web3-based live-streaming application known as “Shiller.” The well-known hip-hop musician has established yet another connection in the Web3 industry with this company. Shiller intends to merge Web3 technology with live-streaming content … Read more
A story sharing exclusive info about Binance’s operations and its participation with authorities was published in the Wall Street Journal on Sunday, March 5, 2019. According to a report from WSJ, cryptocurrency exchange firm Binance expressed interest in employing Gary Gensler as a consultant several years before he was appointed chairman of the SEC in the … Read more
According to the trading company, the initiative, labeled as the next breakthrough in its effort to protect its consumers, will begin in Hong Kong, a well-known region for its openness to various crypto developments. In this release, Binance discusses how fraudulent cryptocurrency activities have progressed. The exchange claimed (1) that even though its systems are … Read more
In response to concerns raised by a bank that specializes in digital assets over the long-term viability of the Silvergate Exchange Network (SEN), Silvergate Capital has decided to shut down the Platform. One of the bank’s most popular services is SEN, a platform for making crypto payments. The program allowed investors and cryptocurrency exchanges to … Read more
The Wall Street Journal has published an article detailing Bitfinex and Tether’s suspected illegal activities throughout the course of 2018. Since its debut in 2014, Tether has been plagued by a number of legal disputes and scandals, including this one. Tether has had legal trouble in the past, including a restriction from doing business in … Read more
After the regulatory crackdown carried out by U.S. authorities, Binance Dollar (BUSD) experienced a precipitous drop in the number of active addresses. The Binance ecosystem has seen a string of declines in recent weeks, and this latest one is the latest in that trend. Regression Clearly Visible at the BUSD Active Address The total … Read more
Xapo Bank recently announced that it has begun using the Lightning Network and has entered into a relationship with Lightspark. Because of this agreement, the organization will become the first private bank to be licensed to take Lightning payments. Users of Xapo Bank now have the ability, as stated (1) in a press release, to … Read more