Coinbase temporarily pausing USDC:USD conversions over the weekend possibly due to its Circle’s Silicon Valley bank exposure USDC was one of the most trusted stablecoin and with Circle’s undisclosed exposure puts investors at risk. With no prior warning, Coinbase decided…
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Missed Opportunity: South Dakota Governor’s Veto of Cryptocurrency Bill Deals a Blow to Innovation and Progress!
South Dakota Governor Kristi Noem has vetoed a bill that sought to exclude cryptocurrencies from the definition of “money” under state law. The bill, which was passed by the state’s legislature, aimed to clarify the legal status of cryptocurrencies and…
Federal Reserve Chief Sounds Warning on Climate Change and Cryptocurrency – Are You Prepared for the Risks?
During a recent Senate hearing, Federal Reserve Chairman Jerome Powell faced questions from lawmakers about a range of issues, including climate change and cryptocurrency regulations. The hearing highlighted the growing concern among policymakers about the role of the financial sector…
Federal Reserve Chairman Jerome Powell’s Bold Endorsement: Proper Regulation Could Unlock Stablecoins’ – Potential in Financial Sector
In a recent statement, Federal Reserve Chairman Jerome Powell expressed concerns about the potential risks posed by stablecoins to financial stability. Stablecoins are a type of cryptocurrency designed to maintain a stable value, often by pegging their value to a…
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…
The FTX Timeline, a Lesson on Fear and Greed
FTX was once perceived as a juggernaut in the crypto space. Its founder and CEO, Sam Bankman-Fried, was once touted to be crypto’s white knight in the ongoing bear market. But Sam’s charm and billions all turned to dust after…
Billion-Dollar Binance Crypto Recovery Initiative Pulls In $50 Million From 7 More Investors
The largest cryptocurrency exchange in the world, Binance, has announced the launch of the $1 billion Industry Recovery Initiative, which will support struggling crypto businesses. With that piece of news blowing up the crypto space, 7 additional businesses are now…
DeFi Platform InsurAce to Pay Out FTX Claims And Launches Crypto Deposit Insurance Scheme
Efforts continue to be made to restore investor trust in the crypto markets. DeFi insurance provider InsurAce is introducing the “Crypto Deposit Insurance Scheme,” a new crypto deposit insurance program (CDIS.) Reaction to Ailing CeFi Industry The product is being…
FTX-Owned Crypto Exchange Liquid Suspends Trading Due to Bankruptcy Proceedings
Liquid Global, a cryptocurrency exchange with headquarters in Japan that was formerly owned by the bankrupt exchange FTX, stopped all trading after being “instructed” to do so by the bankruptcy attorney’s office. Trading Stopped Indefinitely A tweet from Liquid Global’s…
20 Million Dollar Losses Hidden by SolChicks NFT Executives
Solchicks, a play-to-earn PVP (Player-vs-Player) crypto game, is reportedly affected by the TerraUSD (UST)/ Luna collapse in May 2022. This information was made known by ZachXBT, an anonymous crypto twitter handle who is known for exposing anomalies and scams within…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York…
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…
