The Wall Street Journal has reported that the SEC is investigating whether stablecoin issuance violated investor protection laws, marking the latest hit to an industry that has been rattled by layoffs and bankruptcies. Stablecoins are digital tokens that are pegged…
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Reuters news is inaccurate confirms Visa’s, Head of Crypto
Yesterday Feb 28th, 2023 Reuters published an article stating “Visa, Mastercard pause crypto push in wake of industry meltdown” – sources” which was featured by Yahoo News as well. However Visa’s Head of Crypto, Cuy Sheffield confirmed on twitter that…
Why is Dubai an Attractive Crypto Oasis?
Satoshi Nakamoto launched Bitcoin (BTC) in 2009 as an alternative to traditional finance. He aimed to take back control from the elites and give the common person a chance to take part in a secure, decentralized, and transparent financial system. …
Banning of Cryptocurrency should still be on the table – IMF
During recent G-20 summit, Kristalina Georgieva reinstate’s her stance about banning cryptocurrency if crypto becomes a high risk asset. In an interview with Bloomberg she further states that “Crypto is not real money and not backed by anything” . IMF Managing…
Weekly Price Analysis of Bitcoin (BTC) Ethereum (ETH) and Binance Coin (BNB), everything you need to know
Bitcoin is below the average of the bear market bottom. Last year in June, bitcoin closed for the first time below the 50-month moving average and is still below it. This month, Bitcoin is trying hard to close above the…
Ukraine Utilized Cryptocurrency Donations Valued at $70 Million in Bitcoin, Ethereum, and USDT to Purchase Military Equipment – Chainalysis
With Ukraine – Russia war, people from around the world donated to Ukraine valued over US $70 million as per the report published by Chainalysis. Bitcoin, Ethereum and USDT as the widely accept form of cryptocurrency as per the Government…
India Requests IMF and FSB to Develop ‘Synthesis Paper’ on Crypto Assets during G20 meeting
Under its presidency, India urges International Monetary Fund (IMF) and Financial Stability Board (FSB) to craft a consolidated report on crypto assets for the G20 finance ministers and central bank governors’ meeting. The objective is to establish a cohesive and…
Dapper Labs Under Fire as Judge Determines NBA Top Shot Moments NFTs Could Be Securities
court has held that the SEC can apply securities regulations to some NFTs, including those sold on NBA Top Shot. The ruling has sparked confusion in the industry, as there is no clear definition of what constitutes a security under the law.
The recent US court ruling has raised questions on whether NFTs, like those sold on NBA Top Shot, could be considered securities and be subject to SEC regulations. Learn how this ruling has created confusion in the industry and implications for investors.
Voyager received more than 100M$ USDC from Coinbase in the past 3 days – Lookonchain
Voyager is selling its crypto assets thought Coinbase USDC as suggested by onchain data from Lookonchain. On July 5th, 2022, Voyager Digital Holdings, Inc. and two related debtors voluntarily submitted petitions for Chapter 11 bankruptcy protection under the U.S. Bankruptcy…
BlackRock Eyes Investment Opportunities in the Metaverse
Asset management giant BlackRock has indicated that it sees significant potential in the emerging field of the Metaverse, which refers to virtual worlds that allow users to interact with each other and with digital objects. “Multi-trillion dollar ecosystem” BlackRock’s Chief…