A new hook has been introduced on the open-source directory for Uniswap V4 hooks, causing controversy in the crypto community. This hook allows users to undergo Know Your Customer (KYC) checks before trading on a pool. However, some users are criticizing the hook, expressing concerns that it could lead to decentralized finance protocols being whitelisted […]
The Reserve Bank of India (RBI) has launched a pilot program to explore the use of central bank digital currency (CBDC) in the call money market. This initiative aims to facilitate interbank transactions for short-term lending and borrowing. Nine major banks, including State Bank of India and HDFC Bank, are participating in the pilot. The […]
Finance Ministers and Central Bank Governors (FMCBGs) from G20 nations have unanimously adopted the ‘G20 Finance Ministers and Central Bank Governors Communique’ during their meeting in Marrakesh, Morocco. This decision comes after the G20 member nations accepted a crypto regulatory roadmap outlined in a collaborative report by the International Monetary Fund (IMF) and the Financial […]
In a sensational trial that has captivated the crypto world, Sam Bankman-Fried, the founder of FTX, is facing charges of orchestrating a massive fraud. The prosecution alleges that Bankman-Fried was fully aware of the illicit activities taking place within his exchange and hedge fund, Alameda Research. However, his defense argues that he was simply an […]
Latin America has shown a strong preference for centralized exchanges when it comes to cryptocurrency trading, according to a report by blockchain analytics firm Chainalysis. The region ranks seventh in terms of its crypto economy, with countries like Venezuela and Colombia leading the way in centralized exchange usage. Venezuela, in particular, has a 92.5% preference […]
California Governor Gavin Newsom has approved a cryptocurrency bill that will impose stricter regulations on businesses involved in crypto operations. The bill, known as the ‘Digital Financial Assets Law,’ will require individuals and firms to obtain a license from the Department of Financial Protection and Innovation in order to engage in digital financial asset business […]
The US government’s spending exceeded its revenues by over a trillion dollars in the last fiscal year, according to the Congressional Budget Office (CBO) report. The budget deficit for the 2023 fiscal year reached $1.7 trillion, $300 billion more than the previous year. The government spent $6.131 trillion while generating $4.441 trillion in taxes and […]
Ripple’s Chief Technology Officer (CTO), David Schwartz, has responded strongly to comments made by Charles Hoskinson regarding Ethereum’s alleged preferential treatment by the SEC. Schwartz argued that government favoritism aligned with personal interests is a form of corruption. The controversy surrounding Ethereum’s interactions with the SEC has been fueled by the recent disclosure of “Hinman […]
Officials in the United States government are reportedly monitoring cryptocurrency mining operations with ties to China. Many Bitcoin data centers in the US are said to be directly linked to the Chinese government, raising concerns about their proximity to military bases and national security. One specific mining operation in Wyoming, located near a Microsoft data […]
Coinbase, the largest cryptocurrency exchange in the US, has expressed concerns over a new tax proposal by the Internal Revenue Service (IRS). In a letter to the agency, Coinbase argues that the proposed rules would infringe on Americans’ financial privacy and impose burdensome reporting requirements. The exchange requests that compliance requirements be limited to parties […]
