News
The European Central Bank (ECB), Eurozone’s chief financial regulator, has released its report on cryptocurrencies and their implications on the financial stability of the region. The paper took a neutral stance towards digital assets... 4 min read →
In a recent report, the Beijing News analyzed a case which involved more than 100 people who were scammed out of 7,000 BTC. Wei Xiao, a council member at the Bank of China Law... 2 min read →
The Bitwise bitcoin ETF was delayed for another five weeks in a statement from the U.S. Securities Exchange Commission. So far, it seems the Commission remains unconvinced that bitcoin is sufficiently resistant to price... 3 min read →
Bakkt, an institutional cryptocurrency trading platform led by the Intercontinental Exchange (ICE), expects their bitcoin futures to be listed on federally regulated futures exchanges in July. The institutional crypto trading platform Bakkt will be... 1 read →
In 2013, cryptocurrency investors, enthusiasts, financial regulators and the crypto community witnessed the largest bitcoin exchange in the world, Mt. Gox, collapse. New York regulators decided they needed to step in and ensure that... 3 min read →
SEC commissioner Hester Peirce—the highest position in the agency second to the chairman—implored the Commission to provide regulatory clarity to the crypto industry. At the Securities Enforcement Forum in Palo Alto, California, Peirce urged... 3 min read →
Brad Sherman, a California Democrat, called for members of Congress to join him in introducing a bill to outlaw cryptocurrency purchases by Americans. The world-wide use of the U.S. dollar strengthens the U.S. economy... 3 min read →
US regulatory agency FinCEN released new guidance on whether certain crypto businesses are regulated as money services businesses. Those who qualify fall under the scope of the agency and must comply with (sometimes costly)... 3 min read →
On Apr. 26th, Washington State Governor Jay Inslee signed SB 5638—an act “recognizing the validity of distributed ledger technology”—into law. The Act encourages the development of blockchain, recognizes its use in commerce and digital... 1 read →
Following a probe which revealed the apparent loss of $850 million in funds, the attorney general of the State of New York obtained a court order against iFinex Inc., which operates Bitfinex and owns Tether... 4 min read →
In a February blog post, economists from the IMF proposed a policy that taxes bank deposits instead of allowing them to accumulate interest. The crypto community reacted accordingly, seeing this as a possible incentive... 4 min read →
Bakkt, an institutional cryptocurrency trading platform led by the Intercontinental Exchange (ICE), is reportedly considering obtaining a New York BitLicense. Because the CFTC is reluctant to approve its bitcoin futures, sources close to the... 2 min read →
The rapid growth of cryptocurrencies and other digital assets in recent years, combined with seemingly unlimited potential applications for blockchain and distributed ledger technologies across a range of industries, has led to an unprecedented... 6 min read →
International Monetary Fund (IMF) chairperson Christine Lagarde stated cryptocurrency and other “disruptors” are “shaking up” the incumbent financial industry, with potentially double-sided effects. Now more than ever, authorities need to keep an eye on these disruptive... 3 min read →
Charles Hoskinson, the CEO of Cardano and one of the co-founders of Ethereum, provided some context to Cardano’s plans for the future ahead of the company’s Apr. 17th IOHK Summit in Miami. His latest... 5 min read →
Binance announced a partnership with CipherTrace, a blockchain security company, with the aim of enhancing the exchange’s anti-money laundering (AML) compliance program. World’s Largest Crypto Exchange Aims to Improve Its AML Compliance CipherTrace, a... 2 min read →
US cryptocurrency exchange Bittrex had its BitLicense application rejected by the New York Department of Financial Services (NYDFS) after years of scrutiny. The agency rejected the application because of alleged deficiencies in anti-money laundering... 2 min read →
China’s central planning agency announced plans to ban Bitcoin mining and is currently soliciting comments before it makes its final determination. Mining and cryptocurrency experts have mixed opinions on how the move will impact... 3 min read →
A central bank digital currency (CBDC) would see central banks distribute digital money which could be redeemed for their respective domestic fiat currencies. In the case of an American CBDC, this would be the... 4 min read →
Despite being home to the NYSE and NASDAQ, which comfortably lead the rest of the planet in terms of exchange volumes, the U.S. has conceded its initial crypto exchange leadership position to Asia. While... 3 min read →
