The International Monetary Fund (IMF) has released an action plan containing nine recommendations for how countries should regulate cryptocurrencies. The IMF’s top recommendation is that cryptocurrencies such as bitcoin should not be…
Former FTX CEO, Sam Bankman-Fried, has agreed to pay for a security expert to assist the judge overseeing his fraud case in navigating modern encryption technology. The expert will help the judge…
Entrepreneur and “Shark Tank” investor Kevin O’Leary has tweeted about the future outlook of venture funding for new crypto projects. In a clip from his appearance on TraderTV in January 2023, O’Leary…
Bitcoin, the decentralized digital currency, has surpassed Visa and Mastercard in market capitalization. The BTC’s market cap of $472 billion is marginally above that of Visa. Visa has a market capitalization of…
Binance, one of the world’s largest cryptocurrency exchanges, has witnessed a $2.5 billion outflow from its stablecoin (BUSD) as U.S. regulators intensified their scrutiny of the digital asset. Binance CEO Changpeng Zhao…
The US Securities and Exchange Commission (SEC) has voted in favor of proposed rules that would require financial institutions overseeing cryptocurrency assets to obtain federal and state registrations. The rules would mandate…
DBS Bank is planning to apply for a license to offer crypto trading services in Hong Kong. The bank is waiting for the regulatory framework to be implemented later this year, after…
Following the NYDFS order for Paxos to stop issuing BUSD tokens, a significant amount of the stablecoin was sold, and most of its liquidity flowed into USDT, a rival stablecoin. Reports suggest…
In the wake of a $30 million fine levied against rival cryptocurrency exchange Kraken, Coinbase CEO Brian Armstrong has taken a stand to defend his exchange’s staking services. Armstrong stated on Twitter…
Polygon, the Ethereum-based layer 2 scaling solution, saw a significant spike in its daily trading volume on the OpenSea NFT marketplace. According to data from Dunes, a community-based open-source data provider, Polygon…
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