Category: Regulation
Cryptocurrency Regulation News
First Citizen Bank Acquiring the Collapsed Silicon Valley Bank
On March 26, the Carolina-based financial provider First Citizen Bank closed a merger and acquisition deal with the now-defunct Silicon Valley Bank (SVB). According to…
Fed Rejects Custodia Bank Membership Following Crypto Ties Controversies
A report by the Federal Reserves on March 24 revealed the reason behind the denial of the Custodia bank membership application. The Fed shared an…
El Salvador Planning to Eliminate Tax on Innovation and Technological Development
An official announcement from the President of El Salvador Nayib Bukele revealed that the crypto-friendly country would remove taxes imposed on technological development. President Bukele…
Binance Team Accused of Violating Chinese Crypto Laws
On March 23, the Chinese regulators accused the largest crypto exchange Binance of violating the crypto laws. China ranks among the top anti-crypto countries, and…
Crypto Has No Fundamental Value – US 2023 Economic Report
In its 2023 economic report, the US White House presented several arguments against crypto assets. The White House asserted that they are primarily speculative investment…
Bitget Acquires $30 Million Stake In BitKeep
Bitget, a crypto exchange headquartered in Seychelles, has acquired a controlling stake in the decentralized multi-chain wallet firm, BitKeep, by investing $30 million in its…
US SEC Sues Justin Sun And Eight Celebs For Crypto Fraud
The United States SEC (Securities and Exchange Commission) has filed a lawsuit against Justin Sun, the founder of Tron, and three of his firms, Rainberry…
Lagarde Unveils Plan To Tackle Inflation At ECB
The ECB has closely monitored the key inputs shaping its rate path to bring down inflation and meet its targets. During a recent speech, Christine…
Extradited OneCoin Top-Level Executive Faces 40-Year Prison Sentence In The US
Recently, a significant development has occurred in the saga of the now notorious crypto-currency, OneCoin. The head of compliance at the company, Irina Dilkinska, has…
Monetary Policy Gets Tougher As SNB Policy Rate Goes Up To 1.5%
Due to inflationary pressures, the Swiss National Bank (SNB) raised rates by 0.5% to 1.5%. SNB may increase rates further for price stability and participate…
Tether Mints Over $1B USDT On The Tron Network As USDT Dominates Stablecoin Market
Following the billions of USDT minted over the past week, Tether, a stablecoin issuer, has minted USDT stablecoins worth $1 billion on the TRON network….
ZenGo Discovers ‘Red Pill Attack’ Flaw In Web3 Apps
The developers of ZenGo, a crypto wallet, recently published a blog post revealing security flaws in transaction simulation solutions employed by well-known decentralized applications (dApps)….
Despite Lending Ban, EIB To Provide Turkey With Earthquake Aid
The European Union’s lending arm, the European Investment Bank (EIB), has announced its plans to provide 500m Euros for Turkey’s post-earthquake rebuilding efforts, overriding an…
Inflation Rate In UK Soars To 10.4% Before Bank Of England Meeting
The UK Annual Inflation Rate jumped to 10.4%, the highest since December 2008, ahead of Thursday’s Bank of England’s (BoE) meeting. This is the highest…
API Inventory Surge Leads To Crude Oil Price Decline Ahead Of Fed Meeting And EIA Release
Crude oil prices are taking a hit this week as the U.S. Energy Information Administration (EIA) reported an unexpected rise in inventories last week. This…
OKX To Close Canadian Operations By June 2023
In recent years, the cryptocurrency sector has been subjected to a wave of legislative reforms, which has caused several cryptocurrency companies to reevaluate their business…
Crypto.com Receives MVP Preparatory License from Dubai’s VARA
On Monday, Crypto.com, a crypto exchange firm, announced in a blog post that it has reviewed an MVP (minimal viable product) preparatory license from the…
BTC ATM Firm Closes Cloud Service After Recent Attacks On Users’ Hot Wallets
General Bytes, a BTC ATM producer, closed its cloud services due to a “security vulnerability” that allowed bad actors to access customers’ hot wallets and…
US Banking Crisis Spurs 15% Increase In Crypto App Downloads
The US Banks crisis has been dragging on for months with no end. As the crisis continues to affect the US economy, people are looking…
Bitcoin Fear/Greed Index Soars to All-Time High as BTC’s Price Surpasses $28,000
It’s been a rollercoaster ride for Bitcoin investors this year. The cryptocurrency reached a new all-time high of over $69,000 in November 2021 before crashing…
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