Kraken, UK trade body derides lawmaker description of crypto as 'gambling'
CryptoUK, a trade body based in the United Kingdom, argued that a much more nuanced and tailored approach needs to be taken into consideration.
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Report: Well Known Crypto Firms Still Not Adhering to Basic Governance Standards
Many of the most well-known crypto firms are not adhering to basic governance standards, the findings of a Bloomberg survey have shown. Only 31 out of the 60 polled firms “currently procure a full financial audit or reserve attestations from…
GridPlus to open source wallet firmware in Q3 amid Ledger debacle
As accusations are hurled at Ledger over a controversial update, one hardware wallet has decided to open-source its firmware. Others have turned it into a marketing opportunity.
Ripple case: SEC Hinman docs could become public by June 6, lawyer suggests
The infamous Hinman Speech docs are required to be unsealed by June 6 according to a previous court order, suggests defense attorney James K. Filan.
Korean lawmakers rally towards crypto rules in May after grisly murder case: Report
Crypto policy making efforts have been reignited in South Korea after a woman was murdered following a dispute over digital assets.
EU Council Adopts New Rules for Europe’s Crypto Markets
The Council of the European Union has given its final approval to new regulations for crypto assets and markets in the EU. The decision completes a lengthy and complex legislative process for what’s considered to be the world’s first comprehensive…
Revolut launches business offering in Australia, seeks banking license
The crypto-friendly digital bank said the license would hold them to a higher “regulatory standard” that could give consumers confidence.
There's a growing case for allowing crypto firms to bypass banks
Making the European Central Bank accessible to payment companies other than traditional banks would allow users to redeem their stablecoins directly for cash.
Ethereum Price Indicators Suggest A Strengthening Case For Surge Above $1,850
Ethereum price is still below the $1,840 resistance against the US Dollar. ETH could start a decent increase if it clears $1,840 and $1,850. Ethereum is currently facing a strong hurdle near the $1,850 resistance zone. The price is trading above…
Binance Australia suspends AUD fiat services, citing issues with third party
Australian dollar deposits and withdrawals have been impacted due to a decision made by its third-party provider, it said in an announcement.
Bitcoin Price Close Above $28K Could Spark A Fresh Rally
Bitcoin price is rising above $27,200. BTC might gain bullish momentum if it clears the key $28,000 resistance zone in the coming sessions. Bitcoin is moving higher above the $27,000 and $27,200 levels. The price is trading above $27,000 and the…
Australia marks first FX transaction using a CBDC as eAUD pilot continues
The Australian digital dollar was used in a trade for a U.S. dollar stablecoin using an Ethereum layer 2 blockchain.
BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies
South Africa’s BRICS Sherpa says one of the priorities at the upcoming BRICS summit is “to strengthen economic cooperation.” He added: “We need a stable global financial architecture, a global financial arena. That is why we say that we need to…
Uniswap And Polkadot Join Forces To Boost Decentralized Trading Volume, Here’s How
Polkadot has announced that Uniswap, the most important decentralized exchange (DEX) in terms of daily traded volume, is coming to its ecosystem via the Moonbeam Network parachain. This development is expected to significantly increase volume and…
First Mover Asia: Biden’s Tough Talk, Tether’s Bitcoin Bet Not Moving Crypto
PLUS: We really need to see the Hinman emails.
Unveiling the Mystery: Trillions of SHIB Flow Into Accounts of Large Shiba Inu Holders
In the world of cryptocurrencies, strange and unexpected events are not uncommon. The latest puzzling development revolves around Shiba Inu (SHIB), as trillions of these tokens have mysteriously found their way into large holders’ accounts…
Is Bitcoin Headed For Another Crash? Here’s What The Data Says
Bitcoin (BTC), the leading cryptocurrency by market capitalization, has been trading in a sideways trend since its drop from the $28,000 level. As of the time of writing, BTC is currently valued at $26,800, having experienced significant declines…
146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’
Top executives from 146 major companies in the U.S. — including Morgan Stanley, Goldman Sachs, Nasdaq, and Pfizer — have urged President Joe Biden and congressional leaders to act swiftly to prevent the U.S. from defaulting on its debt, which could…
SUSHI Down 45%: What’s Driving the Decline?
The price of SUSHI, the native token of SushiSwap, a decentralized exchange, is down 45% from February 2023, when prices peaked at $1.63, the highest level in six months. SushiSwap Token Redesign This contraction is despite the successful…
French Regulator Extends Open Arms to Fleeing U.S. Crypto Firms
France is demonstrating its dedication to becoming a top choice for cryptocurrency companies seeking clear regulations by offering a welcoming environment for those fleeing uncertainty in the United States. Earlier today, a report from CoinDesk…
SEC warns Filecoin 'meets definition of a security' — Grayscale
The regulator has asked Grayscale to withdraw its application for a Filecoin Trust product, saying its underlying asset "meets the definition of a security."
Tether Bets On Bitcoin: Allocates Up To 15% Of Profits For BTC Purchases
Tether, the company managing the reserves of the world’s largest stablecoin USDT, has announced a new investment strategy aimed at strengthening its reserves portfolio. Tether will now allocate up to 15% of its net realized operating profits toward…
Crypto Perpetuals Exchange DYdX Considering the Launch of More SubDAOs
The conversation was initiated to promote more decentralization within the dYdX ecosystem ahead of its v4 upgrade.
Ripple Acquires Crypto Custody Firm Metaco In $250 Million Deal
US-based cryptocurrency company Ripple has recently announced its acquisition of Metaco. Metaco is a Swiss-based crypto custody firm and the deal, valued at $250 million, marks Ripple’s foray into the acquisition space. Metaco specializes in…
Axie Infinity Origins Breaks Through Apple’s App Store Barrier, Now Accessible to Select iOS Users
Axie Infinity Origins, the blockchain-based, play-to-earn (P2E) game, has successfully cleared Apple’s rigorous App Store review process and the game’s app is now available for Apple iOS users. Sky Mavis, the creator behind Axie Infinity, has…
Voyager bankruptcy plan approved, customers may recover 35.7% of claims initially
The third try is a charm for the crypto brokerage, whose assets were almost bought by FTX and Binance.US. Now it’s just handing what it has over to its creditors.
The Blocksize Wars Revisited: How Bitcoin’s Civil War Still Resonates Today
Amid climbing transaction fees and increased development activity, bitcoiners are warring over the future of the network. Is this a replay or a result of the so-called Blocksize Wars.
Regulators Should Not 'Front-Run' Congress on Stablecoins
The House has made it clear that passing a stablecoin bill is a top priority. Regulators – like the SEC – shouldn’t get ahead of the legislative process, say Bain Capital’s Tuongvy Le and Khurram Dara.
Shiba Inu To Introduce Four New Metaverse Hubs In 2023
The popular meme coin project, Shiba Inu, recently unveiled its plans to launch four captivating metaverse hubs later in 2023. A Shiba Inu marketing team member, Lucie Sasnikova, took to Twitter to share this highly anticipated news with the…
Filecoin Price Drops After SEC Asks Grayscale to Withdraw Application to Make Trust Reporting
The U.S. Securities and Exchange Commission (SEC) asked Grayscale to withdraw its application to launch a Filecoin Trust product, the company revealed Wednesday.