The Securities and Exchange Commission (SEC) in the United States has taken action against Binance.US, accusing the cryptocurrency exchange of operating as an unregistered securities exchange. The move comes as part of a wider regulatory crackdown on the cryptocurrency industry,…
Empowering Crypto Investors: Binance Joins Forces with Law Enforcement in Powerful Anti-Scam Campaign
Binance, one of the world’s largest cryptocurrency exchanges, has announced a joint anti-scam campaign with law enforcement agencies to crack down on fraudulent activities in the cryptocurrency industry. The campaign is aimed at educating users on how to identify and…
Supercharging Cryptocurrency Services: Coinbase Acquires One River Digital Asset Management
Coinbase, one of the world’s largest cryptocurrency exchanges, has announced its acquisition of One River Digital Asset Management, a digital asset management firm with over $2.5 billion in assets under management. The acquisition marks Coinbase’s latest move to expand its…
Jack Dorsey’s TBD Launches Bitcoin Lightning Node and Decentralized Financial Services
Jack Dorsey, the co-founder of Twitter and Square, has launched a new venture called TBD, which aims to create an open platform for decentralized financial services. One of the first products offered by TBD is a Bitcoin Lightning node, which…
Banking System Unlikely to be Impacted by Silvergate Crypto Disaster
Silvergate Capital Corporation, a leading provider of innovative financial infrastructure solutions and services for the digital currency industry, saw its stock drop over 50% in a single day following the company’s announcement of its financial results for the fourth quarter…
New Survey Shows 20% of Americans Own Cryptocurrency, With Bitcoin Leading the Way
Coinbase, one of the largest cryptocurrency exchanges in the world, recently conducted a national survey of 2,000 American adults to gauge the adoption and perception of cryptocurrencies in the United States. The results of the survey suggest that cryptocurrency ownership…
United Arab Emirates(UAE) to Establish Exclusive Free Zone for Digital and Virtual Asset Companies(Crypto Valley)
Ras Al Khaimah (RAK), one of the seven emirates of the United Arab Emirates (UAE), is set to launch a free zone (Crypto Valley) dedicated exclusively to digital and virtual asset companies. The initiative aims to attract entrepreneurs and businesses…
Currency Financial System doesn’t work for everyone – Coinbase CEO
Brian Armstrong, the co-founder and CEO of Coinbase, recently published an op-ed on CNBC titled “Offshoring Crypto Hurts the Financial System and America’s Geopolitical Standing”. In the op-ed, Armstrong raises the question of whether policymakers should enact real legislation in…
Robinhood Launches Crypto Wallet for iOS with Support for Bitcoin, Ethereum, Dogecoin, SHIB, and Polygon
Robinhood, the popular trading app, has announced the launch of a cryptocurrency wallet for iOS users supporting six crypto tokens, including Bitcoin, Ethereum, Dogecoin, SHIB and Polygon (MATIC) tokens. This move is part of Robinhood’s efforts to expand its offerings…
Reserve Bank of Australia Takes a Step Closer to CBDC with eAUD Pilot Phase
The Reserve Bank of Australia (RBA) has announced plans to launch a pilot program for a central bank digital currency (CBDC), which will be led by former Ripple executive, Dilip Rao, and in collaboration with the Digital Finance Cooperative Research…