Cardano founder Charles Hoskinson is facing backlash for his past comments about XRP and its community. A year ago, Hoskinson stated that XRP had no technical or partnership value and labeled the XRP community as toxic. When questioned about his stance amidst XRP’s ongoing legal struggles with the SEC, Hoskinson doubled down on his criticism. […]
The Swiss financial regulator, FINMA, is facing criticism and calls for stronger oversight in the aftermath of the Credit Suisse crisis. The regulator is set to release a comprehensive report on the lessons learned, but there are concerns that the focus will be on FINMA itself rather than on Credit Suisse. Since the forced sale […]
The anticipation is building in the crypto world as the SEC’s decision on a spot Bitcoin ETF draws closer. SEC chairman Gary Gensler recently hinted that the approval process is underway, fueling excitement among investors. Several prominent financial firms, including BlackRock, Fidelity, and Grayscale, have applied for the ETF, with Grayscale seeking to convert its […]
South Korea has exempted non-fungible tokens (NFTs) and central bank digital currencies (CBDCs) from the crypto interest mandate. The Financial Services Commission (FSC) has released a notification stating that investors in digital assets must receive interest when depositing their cash into an exchange by July 2024. The regulator has also classified virtual assets and established […]
Tether, the stablecoin issuer, is intensifying its efforts to combat illicit crypto activities through enhanced collaboration with law enforcement agencies. The company has shared letters sent to members of the U.S. House Financial Services Committee and the U.S. Senate Committee on Banking, Housing, and Urban Affairs, outlining its commitment to fighting the illicit use of […]
Tether, the world’s largest stablecoin issuer, has reportedly frozen $435 million USDT (USD-pegged tokens) for the U.S. Department of Justice (DOJ), Federal Bureau of Investigation (FBI), and Secret Service. The CEO of Tether expressed the company’s desire to become a “world class partner” to the United States in order to “expand dollar hegemony.”This move by […]
In the ongoing legal dispute between Coinbase Global Inc. and the U.S. Securities and Exchange Commission (SEC), the XRP holder’s lawyer, John Deaton, has accused the SEC’s top official, Gary Gensler, of ‘gaslighting’ the public and disagreed with his stance on cryptocurrencies.The SEC rejected Coinbase’s rulemaking request based on three reasons. These reasons include applying […]
In a recent development in the ongoing dispute between Coinbase and the US Securities and Exchange Commission (SEC), the SEC has officially denied Coinbase’s request for new regulations regarding digital assets. In response, Coinbase has taken legal action by filing a petition in court to challenge the SEC’s decision.The SEC chairman, Gary Gensler, supported the […]
Grayscale, a prominent cryptocurrency investment firm, is currently assessing the potential tax implications surrounding spot Bitcoin exchange-traded funds (ETFs). This evaluation comes in response to inaccurate reports circulating about unfavorable tax consequences. Grayscale has taken to social media platform X to clarify that retail investors of the Grayscale Bitcoin Trust (GBTC) are not expected to […]
BlackRock, a prominent investment management company, has made headlines this week with two major developments in the world of technology. Firstly, the company has unveiled its new AI tool, which is set to act as a co-pilot for its operations. This innovative tool is expected to enhance BlackRock’s decision-making processes and improve overall efficiency.In addition […]
