The New York Department of Financial Services (NYDFS) has issued new guidance on crypto regulations in an effort to protect consumers and increase transparency in the crypto industry. The proposed measures require licensed entities to notify the authority when listing or delisting a crypto coin and submit their policies on how they handle these actions. […]
The New York State Department of Financial Services (NYDFS) has announced new regulations aimed at safeguarding investors in the cryptocurrency market. Cryptocurrency companies will now be required to submit their listing and delisting procedures for approval to the NYDFS. The regulator will evaluate these procedures based on stricter risk assessment guidelines, considering factors such as […]
The New York State Department of Financial Services (NYDFS) has announced stricter guidelines for cryptocurrency firms listing and delisting coins in the state. The new restrictions require crypto companies to submit their coin listing and delisting policies for NYDFS approval. These policies will be evaluated against more rigorous risk assessment standards to protect investors. Factors […]
Several American lawmakers have expressed concerns about the proposed taxation scheme for digital assets in a letter to the U.S. Treasury. They argue that the current rules could stifle innovation and harm the digital asset ecosystem. The lawmakers specifically highlight the expansion of the term “broker” to include DeFi services, which could require these platforms […]
Modern credit cards were invented in the 1950s but took time to gain widespread adoption. It wasn’t until the 1970s that clear rules for fair lending were established, eliminating discrimination. Despite initial skepticism and high levels of defaulting, consumer trust in credit cards gradually grew through regulatory oversight and value-added services. This paved the way […]
The court has finalized the dismissal of a class action lawsuit against BitFinex and Tether after the plaintiffs chose not to appeal the ruling. The lawsuit accused the companies of misleading consumers about the properties of Tether’s stablecoin USDT and falsely disclosing information about its reserves. The plaintiffs claimed that the stablecoin was not backed […]
Investors who were pursuing legal action against Robinhood over trading restrictions imposed in early 2021 have faced another setback. The United States District Court for the Southern District of Florida rejected their request for class certification. Chief Judge Cecilia Altonaga stated that the plaintiffs failed to convince the court that issues of individualized reliance would […]
The Delaware authorities have launched an investigation into a false filing for a BlackRock XRP ETF. The filing, which appeared on the Delaware Department of State Division of Corporations website, claimed that BlackRock had filed for an XRP Exchange-Traded Fund. However, BlackRock quickly denied the allegations, stating that it had only filed for a Spot […]
In a surprising turn of events, the cryptocurrency market experienced a significant price fluctuation for XRP due to a fake filing that suggested the registration of an XRP ETF by BlackRock, the world’s largest fund manager. However, Bloomberg’s senior ETF analysts have debunked these claims, confirming that the registration was false. The incident has been […]
Zubin Koticha and Alexis Gauba, the founders of the Opyn decentralized finance (DeFi) protocol, have announced their departure from the project and their decision to leave the crypto industry. This news comes after Opyn recently settled an enforcement action with the US Commodity and Futures Trading Commission (CFTC). In a statement, Koticha expressed the emotional […]
