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
The relationship between the Commodity Futures Trading Commission (CFTC) and industry professionals appears to be in stark contradiction with other US authorities, such as the SEC, which has portrayed itself in a manner that is quite unfriendly toward cryptocurrencies. In a recent announcement, the Commodities Futures Trading Commission (CFTC) named Carole House, an ex-official in … Read more
Earlier this month, on March 8, Thailand SEC (Securities and Exchange Commission) released a statement that crypto businesses’ staking and lending services will be subject to regulation. Crypto enthusiasts are wondering if the statement means Southeast Asian nations are planning to ban staking and lending services on cryptocurrency exchanges in the region. What If … Read more
Users and fans of cryptocurrencies are well aware of the dangers associated with buying and holding digital assets. Investors risk losing money in various ways, including price collapses, fraud, exchange and system hacks, Ponzi schemes, and more. Several Latino investors lost money in a cryptocurrency Ponzi fraud that just hit the news. Warnings issued by … Read more
Altering the Tax Classification of Transactions Involving Cryptocurrencies Is Going to Be a Proposal in President Biden’s Budget Plan, Which Would Raise $24 Billion Reports indicate (1) that the new budget plan proposed by US Vice President Joe Biden could end the practice of tax loss harvesting on cryptocurrency transactions. A spokesperson from the White … Read more
HSBC and Nationwide are moving to ban the use of credit cards for purchases of cryptocurrencies, which comes amid growing regulatory scrutiny of cryptocurrencies in the UK. The newest banks to take action in response to recent warnings issued by the United Kingdom (UK) regarding the cryptocurrency business are Nationwide Building Society and HSBC Holdings. … Read more
After ex-FTX Director of Engineering Nishad Singh was prosecuted with allegations of fraud by the Commodities Futures Trading Commission (CFTC), the case between FTX and Alameda Research in the U.S. gained traction. Notable is that Singh pleaded guilty to the accusation of fraud that was brought before him on Tuesday. Consequently, Sam Bankman-Fried, the former … Read more
Alchemy Pay, a cryptocurrency gateway platform, recently announced that it had successfully obtained a license from the Bank Sentral Indonesia (BNI), working with a local fintech company called Berkah Digital Pembayaran. As a consequence, Alchemy Pay will be able to conduct money transfers and payments in the area. Earlier this morning, February 27, Alchemy Pay … Read more
The Texas State Securities Board has expressed several concerns regarding the transaction terms and conditions in the motion they have jointly submitted.
In Short In many instances, CTFC has referred to ETH, BTC, and USDT, amongst other cryptocurrencies, as commodities under the laws of the United States. Earlier, the chief executive officer of the CTFC, Rostin Behnam, stated that Bitcoin was the sole cryptocurrency that ought to be considered a commodity. The CTFC has filed a … Read more