Pro-crypto Congressman Tom Emmer has introduced an amendment to the federal budget that aims to prevent the Securities and Exchange Commission (SEC) from using government funds for crypto enforcement activities. The amendment, which has passed unopposed, states that the SEC cannot engage in enforcement related to digital asset transactions until Congress grants the agency jurisdiction […]
The Swiss labor market is grappling with stagnant wages and a scarcity of skilled workers. Despite concerns from Swiss companies about a lack of workforce, wages have remained stagnant for an extended period. This goes against the principles of supply and demand, which suggest that limited resources should command higher prices. However, a recent UBS […]
The European Banking Authority (EBA) has proposed new guidelines for stablecoin issuers in the European Union (EU). The aim of these guidelines is to ensure that stablecoins can be quickly redeemed, even in turbulent market conditions, to prevent bank runs and contagion during a crisis. Under the proposed rules, stablecoin issuers must offer fully redeemable […]
The mortgage reference interest rate in Switzerland has recently increased from 1.25% to 1.5%. This could potentially result in higher rental prices for tenants. Landlords now have the right to increase rents for existing rental agreements that were based on the previous reference rate. It is expected that a majority of landlords will take advantage […]
Lawyers representing Avraham Eisenberg, the individual accused of exploiting Mango Markets for $116 million, have successfully convinced a judge to postpone his fraud trial until April 8, 2023. The trial was originally scheduled to begin on December 4, but Eisenberg’s legal team argued that various circumstances had hindered their trial preparations. Despite confessing his involvement […]
The United Kingdom’s new rules for promoting crypto assets have caused confusion and a lack of compliance among firms. In response, the Financial Conduct Authority (FCA) has issued additional guidance to help crypto firms adhere to the rules. The FCA’s guidance, released on November 2, aligns with existing rules for high-risk investments and aims to […]
Sandeep Nailwal, co-founder of Polygon (formerly known as Matic Network), has always had a burning desire to achieve greatness. Growing up in poverty in a Delhi ghetto, he was determined to make a big impact and not settle for mediocrity. Despite reaching a $19 billion market cap and becoming one of the top 10 cryptocurrencies, […]
Earlier this week, the price of Bitcoin (BTC) surpassed $35,000, reaching a level not seen in 17 years. Experts believe that the rally was driven by the anticipation of the Securities and Exchange Commission (SEC) approving a Bitcoin Exchange-Traded Fund (ETF) in the near future. However, BitMEX exchange Co-Founder Arthur Hayes has a different perspective. […]
Marinade Finance, a leading decentralized finance (DeFi) protocol on the Solana blockchain, has halted its services for users in the United Kingdom due to compliance concerns with the UK Financial Conduct Authority (FCA). UK users attempting to access the platform were met with a block page citing FCA regulations. However, the protocol has allowed UK-based […]
Crypto exchange Coinbase has denied rumors that it has implemented a $5,000 per week limit on Bitcoin withdrawals. The rumors began after a user claimed on social media that they had encountered this restriction when trying to withdraw Bitcoin from Coinbase. However, a spokesperson from Coinbase stated that these claims were inaccurate and that there […]
