U.S. Representative Ritchie Torres raised questions for SEC Chair Gary Gensler during a House Financial Services Committee meeting, employing Pokémon cards as an illustrative example. Gensler acknowledged that, in his interpretation of U.S. law, a Pokémon card doesn’t qualify as…
Fugitive founder of crypto hedge fund that lost $10 billion arrested in Singapore while attempting to flee
The recent arrest of Su Zhu, a crypto fugitive and co-founder of the now-defunct digital asset hedge fund Three Arrows Capital, has sent shockwaves through the cryptocurrency industry. Zhu was apprehended while attempting to flee Singapore, as disclosed by the…
XRP Price At Risk? SEC Chair’s Congressional Testimony Fuels Ripple’s Legal Battle
The cryptocurrency sector, with a focus on Ripple Labs, finds itself trapped in a landscape of apprehension and unpredictability subsequent to a heated exchange between Gary Gensler, Chair of the US Securities and Exchange Commission (SEC), and the House Financial…
Marathon Digital Mines Invalid Bitcoin Block Amid Heightened BTC Volatility
MARA Pool, a prominent Bitcoin mining pool operated under the umbrella of the publicly traded Marathon Digital Holdings, found itself entangled in a transactional quagmire on September 27th. User-Detected Anomaly: 0xB10C Sounds the Alarm This hiccup occurred subsequent to the…
SEC’s Gensler Throws More Crypto Punches in Congressional Hearing
SEC Chair Gary Gensler’s recent appearance before the House Financial Services Committee sparked intrigue and concern within the cryptocurrency community. The testimony’s central focus was the Securities and Exchange Commission’s (SEC) puzzling position regarding spot bitcoin ETFs. Despite persistent inquiries,…
‘Alarm Bells For Crypto’—Leak Reveals Joe Biden Could Be About To Issue a Game-Changing Executive Order And Trigger Bitcoin Price Chaos
Cryptocurrencies, notably Bitcoin (BTC), have encountered profound uncertainty throughout this year. It is marked by a strict regulatory stance on crypto in the U.S. and actions from the Federal Reserve contributing to a challenging Bitcoin price landscape. Bitcoin is struggling…
Crypto Exchange Kraken Plans to Offer Trading US-listed Stocks
Kraken, a well-established player in the crypto exchange arena, is setting its sights on new horizons beyond digital assets. Founded in 2011, Kraken has not only withstood the test of time but has also demonstrated resilience in the face of…
Binance Japan partners with mega-bank MUFJ on stablecoin project
Mitsubishi UFJ Trust and Banking Corporation, Japan’s largest banking group, and Binance Japan, the local arm of the world’s biggest cryptocurrency exchange, have partnered to create fiat-pegged stablecoins. This collaboration utilizes the “Progmat Coin” platform, which is led by Mitsubishi’s…
World’s Largest Crypto Exchange Exits Russia
Binance, the world’s largest crypto exchange, has made a significant move by announcing the sale of its Russian operations and its complete exit from the country. This decision comes in the wake of reports suggesting that the U.S. Justice Department…
This $50 billion Australian bank is making a big bet on Tokenization
ANZ, a formidable financial institution boasting assets under management totaling a staggering $1.09 trillion, has taken a momentous stride toward bridging the two worlds of cryptocurrency and traditional finance. This colossal figure in the financial landscape, Australia and New Zealand…