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.
Following the announcement that the cryptocurrency-friendly bank may be subject to regulatory inquiries, Silvergate shares fell by more than 44% percent at the start of trading! This level was seen three years back in 2020! Because of the investigation, Silvergate Capital said yesterday that it would be delaying (1) the release of its annual report. … Read more
Binance is currently facing challenges in achieving its objective of lawfully expanding its worldwide influence in nations such as the United States. The Binance exchange, the largest cryptocurrency exchange platform, is getting ready to submit a new application in Singapore in the hopes of being approved as a payment processor. According to Nikkei Asia (1), … Read more
A story published by Reuters on Tuesday stated (1) that the US payments firm Visa was pulling back on its cryptocurrency push amid a collapse within the industry. Those assertions, however, have been refuted by Visa at this time. The Head of Cryptocurrency at the processing company, Cuy Sheffield, responded (2) to the news via … Read more
Reports indicate (1) that Marathon Digital Holdings, Inc. anticipates recording revenue of $38.4 million for the quarter ending in December 2022. Even though this amount is three times higher than what the cryptocurrency miner made in the previous quarter, it is still lower than the $60.3 million that it made in the same time period … Read more
Coinbase Global Inc., whose stock is traded on the NASDAQ under the symbol COIN, has launched several projects in an effort to accelerate the acceptance of cryptocurrencies in the United States with the launch of Crypto 435. The company, which is the most prominent cryptocurrency exchange that is publicly traded, is aware of the importance … Read more
Shortly after disclosing plans to investigate how to utilize a CBDC and issue a digital pound, authorities from the Bank of England (BoE) and the UK Treasury stated that having a central bank digital currency in the United Kingdom could provide lucrative opportunities for businesses located in the area. Ben Broadbent, who serves as the deputy … Read more
The Blockchain Founders Fund (BFF), a venture capital fund based in Singapore that invests in the most successful blockchain firms worldwide, has raised $75 million for its Fund II, which just recently ended. After the announcement (1) of the major close of its Fund II in early 2022, the venture capital fund made public on … Read more
The meteoric expansion of the cryptocurrency business has caused a dramatic shift in the focus of regulatory attention worldwide, a generally positive development. The digital economy has presented a more viable alternative for revitalizing commercial activity in light of the widespread devastation that the recessions associated with Covid-19 have wreaked on the economies of most … Read more
With the failure of FTX and Alameda before the end of 2017, the cryptocurrency exchange known as Binance, which is currently the largest in terms of daily traded volume and total user base, is the subject of intense scrutiny. Crypto experts have found malicious transactions within the firm’s wallets, even though the company has published … Read more
Alchemy Pay, a cryptocurrency gateway platform, recently announced that it had successfully obtained a license from the Bank Sentral Indonesia (BNI), working with a local fintech company called Berkah Digital Pembayaran. As a consequence, Alchemy Pay will be able to conduct money transfers and payments in the area. Earlier this morning, February 27, Alchemy Pay … Read more