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.
Senator Michael Bennet of Colorado stated that Signature Bank did not make decisions that were “prudently sound” in dealing with cryptocurrency. Several U.S. senators are of the opinion that the Federal Reserve is trying to use cryptocurrency as a scapegoat for its failed banking practices. Michael Bennet, a senator representing Colorado in the United States … Read more
Cathie Wood, who works with Ark Investment, has a reputation for placing some of the riskiest bets in the cryptocurrency market. Cathie Wood has been a consistent investor in cryptocurrency startups such as Coinbase, even though the market has been volatile since 2022. In yet another of these recent developments, ARK Investment Management LLC successfully … Read more
The US seems to be catching up with some of the more digitally advanced economies in Asia like India and China with FedNow. The announcement that the long-awaited FedNow Instant Payment system will finally be operational in July was made by the Federal Reserve of the United States. According to the information (1) provided to … Read more
KuCoin recently took the initiative to lead a funding operation raising $10 million for an offshore Chinese yuan stablecoin issuer, CNHC. This investment made by the most prominent cryptocurrency exchange is a component of a larger plan to promote stablecoins. Circle was among the many prominent industry investors who contributed to the CNHC investment round. … Read more
Circle, the American startup behind the USDC stablecoin, the world’s second-largest stablecoin, has provided its community with facts regarding its business operations. Circle stated (1) in a blog post published on March 14 that it had resumed its usual activities, which include the repayments of the USDC stablecoin. This information was made public. The week … Read more
The practice of purchasing digital assets has been simplified due to Coinbase, one of the major cryptocurrency exchanges in the world, opening up the transfer of cash to and from wallets through local banks. The revelation comes at a pretty unfavorable time for the markets, which are fighting to maintain their buoyancy due to concerns … Read more
The most influential people in the non-fungible token (NFT) industry believe that the recent speculations regarding an Amazon NFT platform that might significantly shift the competitive landscape. Once Amazon CEO Andy Jassy commented (1) that the online retail giant would offer NFTs, suspicions began circulating regarding the platform. Since then, other reports have surfaced detailing … Read more
Last week, Silicon Valley Bank (SVB) said it would be closing its doors, which sent shockwaves across the banking industry and forced the top US authorities, including the Fed and the FDIC, to take action. Even while the Fed successfully prevented the contagion from extending further, recent information on insider stock sales has brought up … Read more
Bybit, based in Singapore, along with Oracle Red Bull Racing (RBR), a team that competes in Formula One, have announced the debut of their collaborative e-sports program, called Bybit Performance Accelerator. The program aims to improve the overall performance of high-level e-athletes who participate in international tournaments. What exactly is the Bybit Performance Accelerator? … Read more
Hacking is one of the most pervasive threats to the growth and acceptance of cryptocurrency. Over the years, the sector has incurred (1) substantial losses through many vulnerabilities in crypto blockchain systems & related platforms. While there are many varieties of cyberattacks, zero-day flaws have risen to prominence as a preferred method of attack. The … Read more