Vauld, one of the cryptocurrency enterprises most negatively impacted by the unfavorable macroeconomic conditions, has applied for protection against creditors in Singapore. The procedure ought to provide the organization with the “breathing space” it needs to restructure its struggling activities. Searching for a Solution It is easy to assume that the crypto winter has damaged … Read more
On Wednesday, U.K. Finance Minister Nadhim Zahawi will declare his support for the long-awaited Financial Services and Markets Bill, allowing stablecoins to be used for payment purposes. After Brexit, the bill will assist the nation in developing a more competitive financial services industry. Members of UK Finance believe that stablecoins and crypto assets have enormous … Read more
Attacks on the non-fungible token (NFT) community’s most recent targets include NFT influencer Zeneca and NFT registration service PREMINT. Users were duped into linking their wallets by a phony airdrop for the influencer’s “Zen Academy Founders Pass” tied to Zeneca’s social media pages late on Tuesday. Everyone wants to be doing something special for the … Read more
The SEC seeks to regulate the industry by categorizing cryptocurrencies as securities, per Sen Tom Emmer. Senator Tom Emmer claims that the U.S. Securities and Exchange Commission (SEC) is still actively pursuing cryptocurrency and has gone beyond its authority. Tom Emmer, a Republican senator, has questioned the public’s confidence in the American financial system. The … Read more
Cynthia Lummis, a senator, stated that senators unfamiliar with cryptocurrency would require some time to understand and process the suggestions. According to the two senators, the key crypto legislation spearheaded by Republican Cynthia Lummis and Democrat Kirsten Gillibrand of the United States Senate will most likely be postponed until the next year. During their appearance … Read more
According to the Bitcoin Mining Council’s most recent Q2 2022 report, almost 60% of the electricity used to power Bitcoin mining equipment comes from green sources (BMC). In its Q2 review of the Bitcoin network, released on July 19, the BMC found that the worldwide Bitcoin mining industry’s use of renewable power is up 6 … Read more
According to reports, JVCEA, a self-regulating entity, has been issued strong warnings to get its act together as the Japanese Financial Services Agency pushes for the group to accelerate the deployment of its AML regulations. Local government officials and business professionals claim that Japan’s self-regulation “experiment” for the cryptocurrency sector is not succeeding as anticipated. … Read more
Skybridge says that withdrawals from one of its crypto-exposed funds will be stopped. Skybridge joins other companies that have frozen the funds of crypto investors. However, Skybridge’s CEO, Anthony Scaramucci, says the freeze is only temporary, and there is no danger of the company going out of business. Skybridge Capital has stopped people from taking … Read more
Users’ attempts to remove their funds from the platform have been a rollercoaster since Celsius Network prohibited withdrawals, swaps, and transfers last month. The lending program eventually filed for Chapter 11 bankruptcy this week, following in the footsteps of Voyager, which brought everything to a head. Users had some hope that they may receive their … Read more
The Winklevoss brothers’ Gemini cryptocurrency exchange is the first in Ireland to be registered by the Central Bank of Ireland as a Virtual Asset Service Provider (VASP). Additionally, the central bank granted the cryptocurrency exchange an Electronic Money Institution (EMI) license in March. Gemini Obtains an Irish License as a Virtual Asset Service … Read more