News
US Fed to create new crypto team amid concerns about unregulated stablecoins
The Fed’s Vice Chair for Supervision emphasized that they do not want to curb innovation, but ensure that regulations protect households and the financial system. The United States Federal Reserve is set to create a “specialized team of experts” to keep up with...
SBF’s lawyers signal need to push back October criminal trial
Sam Bankman-Fried’s lawyers said they’re still waiting on evidence from federal prosecutors and as a result need more time to prepare a defense. Lawyers representing FTX founder Sam Bankman-Fried have flagged it may be necessary to delay the criminal trial for the...
How blockchain empowers women in developing economies
Blockchain technology is empowering women in developing countries with financial freedom and improved access to social inclusivity and growth. Does blockchain create career avenues for women in India?Poised in the world market as a technology-first economy, Indian...
Coinbase CEO hints its new layer-2 network could include AML measures
Brian Armstrong said centralized firms have a responsibility to monitor transactions and carry out AML checks. Coinbase chief executive Brian Armstrong has hinted that the firm’s new Layer-2 blockchain network Base may be subjected to transaction monitoring and...
Bitcoin ATM firm allegedly profited from crypto scams via unlicensed kiosks: Prosecutor
52 crypto kiosks were seized in the investigation led by the U.S. Secret Service's Cyber Fraud and Money Laundering Task Force. A Bitcoin (BTC) technology firm and its executives have been indicted for allegedly operating unlicensed crypto kiosks in Ohio which...
CZ denounces rumor ‘widely’ spread on China’s WeChat
A Metamask security analyst stated that the rumor was the “2023 adaptation of attempted market manipulation.” Binance CEO Changpeng “CZ” Zhao has denied a rumor that he had been “shot” by the U.S. federal law enforcement agency, which was “spread widely” across a...
Galaxy tips Bitcoin NFT market to hit $4.5B by 2025
Galaxy’s estimation was based on the rapid uptick of interest in Bitcoin NFTs, currency market infrastructure, and the potential to take some market-share away from Ethereum. In a “base case” scenario, Galaxy Digital's research unit has tipped the burgeoning Bitcoin...
Binance USD market cap falls below $10B amid rising regulatory concerns
As it stands today, BUSD's market cap has fallen by nearly $14 billion since its all-time high of $23.49 billion on Nov. 15, 2022. Binance USD (BUSD) market cap has fallen below $10 billion for the first time in almost two years amid a United States regulatory...
BlockFi execs, Gemini named in proposed lawsuit by a disgruntled investor
Gemini is accused of providing BlockFi with custodial services and misleading information to help BlockFi market its alleged unregistered securities. An investor with nearly $2 million worth of funds frozen in bankrupt cryptocurrency lender BlockFi has filed a class...
United States CBDC would ‘crowd out’ crypto ecosystem: Ex-Biden advisor
Daleep Singh argues that crowding out cryptocurrencies by establishing a CBDC in the United States would protect the country's national interests. The creation of a United States digital dollar would “crowd out” the cryptocurrency ecosystem and protect the national...