As the cryptocurrency industry continues to grow in adoption and bad actors, the market has yawned for regulation as never before seen, especially with recent crashes that affected the crypto market negatively but could have been curbed with proper regulation. According to the latest update, the UK is willing to …
India’s Finance Ministry has highlighted the necessity for “a common approach to regulating the crypto ecosystem” in its flagship Economic Survey this year. “Crypto assets are self-referential instruments and do not strictly pass the test of being a financial asset because it has no intrinsic cashflows attached to them,” …
The legislatures in Mississippi and Missouri have separately introduced bills aimed at protecting certain activities of Bitcoin miners following visits from the Satoshi Action Fund. Dennis Porter, chief executive officer of the Satoshi Action Fund, is taking the fight for hearts and minds on Bitcoin mining to Washington, D.C. …
Silvergate reportedly cited restrictions on disclosing “confidential supervisory information” related to the collapse of FTX in response to a similar December 2022 letter. Several United States senators have reportedly penned a letter requesting answers from Silvergate Capital — the parent company of Silvergate Bank — related to the collapse of cryptocurrency exchange FTX….
The fate of the Panamanian crypto bill project, which was approved by the Panamanian National Assembly last year, now depends on the decision of the supreme court of the country. The sanction of the project, which was vetoed by President Laurentino Cortizo, is now in the hands of the court …
Institutional investors and high net worth (HNW) individuals’ adoption of crypto has dwindled because of the 2022 bear market. But before the start of the bear market, 2021 saw the rise of millionaires and institutional investors putting capital on the asset class. However, even though the market environment is hostile in the …
The South Korean government will adopt a cryptocurrency tracking system within the first half of this year, the country’s Ministry of Justice reportedly announced. The tracking system will be used to monitor and analyze crypto transactions, particularly to uncover the sources of illegal funds. South Korea to Start Tracking …
In a Jan. 2 email to FTX CEO John Ray, Sam Bankman-Fried offered to meet in New York City around the time he was to appear in court and enter the plea in his criminal case. United States prosecutors in the criminal case against former FTX chief executive officer Sam Bankman-Fried …
China’s central bank said on Sunday it will extend the use of three lending tools to enhance support for targeted sectors of the economy. The People’s Bank of China will roll over a lending tool for encouraging carbon emission reduction to the end of next year, and extend …
Many Gemini Earn users reportedly claimed assets in their accounts had been protected by the Federal Deposit Insurance Corporation. New York State’s Department of Financial Services is reportedly investigating cryptocurrency exchange Gemini over claims the firm made in regards to assets under its Earn lending program.According to a …
