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.
According to the documents obtained from the Serbian Business Registry, Terraform Labs co-founder Do Kwon founded (1) an organization in Serbia for less than one dollar a few weeks after being notified with an Interpol red notice. Do Kwon is noted to have received assistance from local supporters in Serbia in establishing a shell corporation … Read more
As a direct consequence of the recent regulatory crackdown on Coinbase and Binance, the cryptocurrency market, dominated by Bitcoin and Ethereum prices, has lost some of its upward impetus in the short term. A Wells warning has already been delivered to Coinbase Global by the SEC in relation to the company’s staking & token listing … Read more
Fujitsu, a leading information technology (IT) company in Japan that produces computer hardware and accessories, has made a decisive step to strengthen its presence in the cryptocurrency ecosystem. This move was made in order to broaden the company’s customer base. According to a report (1), which cites a recently filed patent by the business with … Read more
Nasdaq, an exchange operator in the business for 52 years, has recently been considering moving into the cryptocurrency market. The company is currently striving to provide cryptocurrency trading and custodian services to its customers. To begin providing cryptocurrency custodial services to its customers, Nasdaq is currently waiting for approval from the NYDFS by the end … Read more
According to recent reports, the advanced economies of the Group of Seven (G7), which consists of Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, and the European Union, are collaborating to develop stricter regulations for the cryptocurrency business. Those who are familiar with the situation claim that during the next G7 summit, … Read more
Brian Armstrong, the COE of Coinbase Global Inc, an American publically traded bitcoin exchange, has campaigned for a more comprehensive representation of pro-crypto persons in US politics. Coinbase Global Inc is a publicly-traded company in the United States. During his speech at a Twitter Spaces event (1), Armstrong urged cryptocurrency supporters to “call their congressman, give … Read more
LVMH, a corporation specializing in the production of luxury goods, has asserted that blockchain technology is essential for luxury companies to enhance the product lifecycle. “When discussing luxury, you are dealing with long-term products, repair, and care,” asserts Franck Le Moal, the Chief Information Officer (CIO) of the luxury goods giant LVMH. In addition, Le … Read more
On Thursday, March 23, creditors of the defunct cryptocurrency exchange FTX submitted a petition to the bankruptcy court requesting a 95 million dollar share in the Web3 company Mysten Labs, based in Delaware. The cryptocurrency trading platform FTX has managed to stay afloat to make good on its promise to compensate consumers who were adversely … Read more
Recently, Contango Digital Assets closed a $1.2 million seed investment for building Web3 infrastructure. The leading blockchain VC firm has invested over $7 million worldwide in Web3 businesses as of this writing. In 2023, when widespread use of Web3 technologies and blockchains is expected to peak, Contango is predicted to boost its revenue by 100%. Investors … Read more
It would appear that the cryptocurrency market has, at last, made the conscious decision to ignore the performance of traditional markets and instead focus on developing its path. In its ongoing effort to combat inflation, the Federal Reserve stated earlier this week that it would increase interest rates by 25 basis points. Although there was … Read more