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. …
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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…
Robinhood’s Crypto Business Practices Under Investigation by SEC
Robinhood’s Crypto Business received SEC Subpoena during the month of December as per the 10-K filing. Robinhood Markets, a leading online brokerage firm, has recently disclosed in its latest 10-K filing that it has received an investigative subpoena from the…
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…
NBA’s ‘Top Shot Moments’ NFTs may be classified as securities in Dapper Labs case
Federal judge rules NBA-branded “Top Shot Moments” NFTs from Dapper Labs could be considered securities. According to the judge, the conclusion that Dapper Labs’ offering was an investment contract under Howey is limited in scope. A class-action lawsuit was filed…
Banking regulators would be better for overseeing stablecoins than the SEC – Circle’s CEO
According to the Jeremy Allaire, CEO of Circle, banking regulators would probably be more effective in providing oversight for stablecoins. He also expressed his general agreement with the SEC’s proposal for a qualified custodian. During an interview with Bloomberg yesterday,…
Institutions Don’t See Value in Crypto – JPMorgan Survey
JPMorgan conducted an e-trading survey that involved 835 institutional traders from 60 locations. The survey aimed to get the views of traders regarding upcoming trends and hotly debated topics. The questions were not crypto-specific but rather aimed to get an…
Hong Kong plans to make crypto purchase and trading legal for all of its citizens
While United States is struggling to give a clear legislation to crypto companies and pushing them away from the boundaries with hefty fines, Hong Kong legislators plans to make crypto available to all its citizens starting June 1st. This will…
Hamas Makes Plea for Bitcoin Donations inorder to Survive Economic Sanctions
Hamas, the Palestinian islamist group is begging for donations in Bitcoin inorder to survive the financial isolation and deprivation its suffering from due to the economic sanctions slapped on it by the US and Israel. A Hamas representative accused of…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
