On Monday, March 27, the attorneys representing Sam Bankman-Fried (SBF), the disgraced founder of FTX, said that they had reached (1) a compromise with the US authorities over the new court orders. This new turn of events occurs as the court has brought up the possibility of SBF being detained in jail pending the trial’s … 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
Following the failure of Terra Luna UST and FTX in 2022, there has been a growing chorus of voices in the United States advocating for regulating crypto asset markets. Already, authorities in the United States are investigating the FTX and Alameda case, and key personnel, including former Chief executive Sam Bankman-Fried (SBF) and ex-FTX head … Read more
According to estimates provided by Triple A, a company that provides crypto business solutions, the United States is in the lead when it comes to the ownership of cryptocurrencies, with 46 million owners. This number is almost twice as high as India’s 27.4 million owners, which is in second place. On the other hand, when … Read more
The Electronic Frontier Foundation Expresses Its “Deep Concern” About the Proposed Ban on Tornado Cash The Electronic Frontier Foundation (EFF), along with other crypto and privacy groups, has joined the chorus of those protesting the decision of the United States Treasury Department to implement sanctions that prevent individuals of the United States from utilizing the … Read more
Despite the high volatility of the cryptocurrency market, New York Attorney General Letitia James has made it possible for investors who believe they may have witnessed corruption at a cryptocurrency firm to come forward and file a complaint as a whistleblower. In a notice published on Monday, Attorney General Letitia James urged residents of the … Read more
Investor interest in the sector has not been impacted by concerns of a so-called “crypto winter,” according to research released the Bank of America (BAC) on Tuesday following its Web3 & Digital Assets Day Conference last week. “Blockchain Technology and the Digital Asset Ecosystem Are Here to Stay” According to the article, the bank is … 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
The senators did their research and found that miners make much more coal and release “substantial amounts of carbon.” Some places, like New York, want to stop proof-of-work crypto mining for two years, and others are thinking about doing the same. Democrats in Congress have asked two government agencies to do something about Bitcoin mining … Read more