Mark Cuban, a billionaire investor, has criticized Gary Gensler, the United States Securities and Exchange Commission (SEC) chair for the agency’s unclear regulations. Cuban claims that the regulations make it “near impossible” for crypto investors and businesspeople to get clarity from the regulator. Gensler has denied Cuban’s claims. Cuban responded to Gensler’s recent opinion piece … Read more
Nike, a well-known brand in the fashion industry, has risen to the top of the list of Non-Fungible Token (NFT) exposed traditional corporations who have raked in the most money from digital collectible transactions to this point. According to information obtained by Dune Analytics and provided by NFTGators, Nike has accumulated a total revenue of … Read more
The robust expansion of the Solana ecosystem in the second quarter of 2022 is attributed, in part, to the success of GameFi and DAOs, as stated in a study that spans 32 pages and was compiled and published by ByBit. During the course of the quarter, there was a rise in DAO activity, ongoing volatility … Read more
According to a member of the nation’s tax compliance special staff named Yon Arsal, Indonesia has gathered close to $6.8 million in revenue since the implementation of taxes on fintech and cryptocurrency transactions in May. Arsal voiced his confidence that the number would increase during a recent retail conference. He reasoned that since the taxes … Read more
Cryptocurrency regulators in Australia are seeking to do something that no other government has ever done before. The Australian Treasury issued a statement on Monday announcing a multi-step strategy for establishing a crypto regulatory regime that it asserts is more comprehensive and effectively than those previously developed “anywhere else in the world.” The statement refers … Read more
Following the inclusion of Tornado Cash’s cryptocurrency mixing service platform on the sanctions list maintained by the United States Treasury Department, the protocol’s developer, Alex Pertsev, has also been taken into custody by authorities in the Netherlands. A demonstration was held in Amsterdam on Saturday in response to the arrest of Pertsev; approximately fifty people … Read more
The Monetary Authority of Singapore (MAS) has awarded the Standard Payment Institution License to the Digital Trader BHEX.SG. BHEX.SG, a platform for digital trading assets, has been granted a standard payment institutional license by the central bank of Singapore, popularly known as the Monetary Authority of Singapore (MAS). An announcement published by BHEX.SG suggests that … Read more
SBI Group, a Japanese financial conglomerate, recently made the announcement that it will cease all of its cryptocurrency mining activities across the entirety of Russia. The company has discontinued its cryptocurrency mining operations in the Siberia region of Russia ever since the major conflict between Russia and Ukraine broke out on February 24 of this … Read more
Local commercial banks have been explicitly instructed by the South African Reserve Bank, also known as the Central Bank of South Africa, to collaborate with cryptocurrency exchanges and crypto asset service providers (CASPs). On Thursday, the Central Bank of the country issued a guidance letter to commercial banks regarding how they should handle transactions involving … Read more
The Federal Deposit Insurance Corporation (FDIC) today sent cease-and-desist letters to five cryptocurrency companies, one of which was FTX US, the U.S.-based branch of CEO Sam Bankman-cryptocurrency Fried’s exchange FTX. The other three companies were: Cryptonews.com, Cryptosec.info, SmartAsset.com, and the FDIC cover the cryptocurrency industry. On Friday, cease and desist letters were delivered to Crypto.com … Read more