Navigating SEC’s Standards of Conduct for Crypto Broker-Dealers and Investment Advisers The Securities and Exchange Commission (SEC) has implemented Regulation Best Interest (Reg BI) and Form CRS to strengthen investor protection and improve transparency in the crypto financial industry. These…
Texas Introduces Crypto Protection Bill: Ensuring Consumer Fund Security and Transparency in Exchanges
Texas Rep. Giovanni Capriglione has filed House Bill 1666, aiming to protect consumers investing in digital assets like cryptocurrencies. The bill mandates that digital asset exchanges verify they have adequate funds in reserve to pay customers upon request while prohibiting…
Citi India Achieves First Blockchain-Enabled Letter of Credit Transaction : Enhancing Trade Digitization and Efficiency
Introduction: Citi India has accomplished its first blockchain-enabled Letter of Credit (LC) transaction on the Contour platform for its client, Cummins India Limited (Cummins), a diversified industrials manufacturing company. This milestone highlights Citi’s ongoing efforts to digitize trade and enhance…
Revolutionary: EU Parliament Approves Comprehensive Crypto Regulation – MiCA Act
The European Union Parliament has approved the world’s first comprehensive package of rules aimed at regulating the cryptocurrency industry. The Markets in Crypto Act (MiCA) seeks to reduce risks for consumers buying crypto assets by holding providers liable if they…
Shiba Inu Gains Momentum: Binance Moves SHIB Out of Innovation Zone
Shiba Inu (SHIB) has recently achieved a significant milestone, as Binance, one of the world’s leading cryptocurrency exchanges, has moved the token out of its Innovation Zone. This move demonstrates an increased level of trust in the asset and highlights…
Snoop Dogg Flaunts Custom Gold Ledger Wallet at WrestleMania: Crypto Goes Mainstream
At WrestleMania 39, legendary rapper and serial entrepreneur Snoop Dogg made a statement by wearing a custom-made gold Ledger Nano X hardware wallet around his neck. This eye-catching accessory demonstrates the growing popularity and mainstream appeal of cryptocurrencies. Cryptocurrency Enters…
Arkansas Aims to Regulate Bitcoin Mining with the Data Centers Act of 2023
Arkansas recently joined a growing list of U.S. states regulating Bitcoin mining by passing the Arkansas Data Centers Act of 2023. The bill, now awaiting the governor’s final approval, aims to establish guidelines for miners while safeguarding them from discriminatory…
Robert F. Kennedy Jr. Warns of Risks Associated with FedNow and CBDCs
Robert F. Kennedy Jr. Raises Alarm on FedNow and CBDCs Robert F. Kennedy Jr., a presidential hopeful and a vocal critic of central bank digital currencies (CBDCs) and the Federal Reserve’s FedNow system, has warned of the potential risks these…
Empowering Creatives: Developer of Ethereum Unveils Revolutionary Blockchain Ecosystem for Artists and NFT Enthusiasts
Introducing LUKSO: A Blockchain for the Creative Economy Fabian Vogelsteller, a significant figure in Ethereum’s development and the mastermind behind ERC-20 and ERC-725 token standards, has unveiled his latest project – LUKSO. This innovative layer-1 blockchain is designed to establish…
Chinese State-Owned Corporation Embraces Crypto: New Funds Signal Shift in Stance
China Pacific Insurance’s subsidiary, CPIC Investment Management, has teamed up with investment firm Waterdrip Capital to create two cryptocurrency investment funds, signaling a more bullish stance on the sector than previously thought. The funds, named Pacific Waterdrip Digital Asset Fund…