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Analyzing Bitcoin’s price volatility impact on the crypto industry
9.8.2023
Price volatility continues to be a part of the crypto-economy, with no specific prediction about its conclusion. As for BTC, volatility is evident from the most recent numbers, wherein the token has slipped way below the expected mark of $30k. BTC was dancing around $65,000 in 2021, which is nearly...
Coinbase Reports Significant Drop in Consumer Trading Volume Raising Concerns for Crypto Industry
6.8.2023
Coinbase has reported a significant drop in consumer trading volume, which has raised concerns for the crypto industry.
On Thursday, the largest US-based cryptocurrency exchange released its second quarter earnings report, revealing that transaction volume for consumers and institutions...
Why MiCA Is Overly Burdensome Regulation for Ukraine's Crypto Industry
1.8.2023
As a European Union's candidate member, Ukraine is set to adopt the EU's landmark Markets in Crypto Assets Regulation (MiCA). But the law's requirements may become too strict for the country’s blockchain future, says Ukraine's deputy minister of digital transformation
Report: SEC Asked Coinbase to Delist All Crypto Assets Except Bitcoin Prior to Filing Lawsuit
31.7.2023
According to Brian Armstrong, the CEO of crypto exchange Coinbase, the U.S. securities regulator reportedly told his company to delist all digital assets save for bitcoin. Armstrong said acceding to the SEC’s demand would have “meant the end of the crypto industry in the U.S.”...
Australia's Bendigo Bank blocks high-risk payments to crypto exchanges
31.7.2023
Chainalysis policy lead Chengyi Ong warned crypto users may eventually have no choice but to deal with offshore unregulated exchanges
Ethereum's 8th birthday: Crypto industry shares its top moments
31.7.2023
Today marks eight years since the Ethereum Foundation first announced the rollout of its network
Bankruptcy Tussle Between Crypto Firms FTX and Genesis Nears Resolution
29.7.2023
The long-standing legal feud between FTX Trading and Genesis Global Holdco is taking a turn towards resolution. The two parties have reached an initial agreement, in principle, following bankruptcy protection disputes that have made industry headlines. An official letter to the bankruptcy judge...
Crypto Industry Celebrates XRP Court Ruling, but Long Road Ahead for Regulatory Framework
25.7.2023
The cryptocurrency industry has been abuzz with excitement after a recent court ruling declared that Ripple's XRP token is not considered a security when sold on digital asset exchanges.
The ruling has generated positive sentiment across the crypto ecosystem, offering hope for clarity in...
What criminal charges for Celsius ex-CEO mean for crypto industry
24.7.2023
The former CEO of the troubled crypto lender faces multiple charges of fraud and market manipulation as U.S. regulators eye crypto market overhaul
Implications of Ripple-SEC Court Ruling for Wider Crypto Industry Are Unclear: Bank of America
24.7.2023
Ripple’s XRP offerings are unique, and the implications of the court’s ruling are difficult to determine, the report said
Copy Trading Has ‘Disrupted the Crypto Industry’ Says Bitget’s Gracy Chen
23.7.2023
Copy trading has disrupted the crypto industry and is increasingly the trading strategy preferred by less experienced traders says Gracy Chen, managing director of the crypto trading platform Bitget. While copy trading is gaining popularity globally, traders and prospective users from Africa appear...
US Lawmakers Call on SEC to Stop Regulatory Assault on Crypto Following XRP Ruling
19.7.2023
U.S. lawmakers have called on the U.S. Securities and Exchange Commission (SEC) to drop its regulatory assault on the crypto industry following the landmark ruling on the SEC v. Ripple case regarding XRP. “The SEC has chosen to communicate and regulate not by clear rule or guidance but...
SEC ‘Disappointed’ With XRP Ruling on Retail Investors — Chair Gensler Hints at More Crypto Industry Enforcement
18.7.2023
U.S. Securities and Exchange Commission Chairman Gary Gensler has stated that the regulator is “disappointed” with the SEC v. Ripple ruling on XRP regarding retail investors. “We are still looking at it and assessing that opinion,” he affirmed. Gensler also reiterated...
Crypto Industry Turns to Customers Bank as Preferred Partner Amidst Collapse of Silvergate, Signature
17.7.2023
The US crypto industry has a new favorite banking partner, a small Pennsylvania-based called Customers Bank.
According to a Bloomberg article citing sources familiar with the matter, the bank is partnered with hundreds of crypto companies, with a wave of new clients coming in after the collapse...
Ripple’s XRP Ruling a ‘Milestone Win’ for Crypto Industry, Says J.P. Morgan
14.7.2023
A summary judgment partially in favor of payments network Ripple represents a milestone win for the crypto industry and provides legal clarity as to what does and doesn’t represent a security, J.P. Morgan wrote in a research note Friday
Ripple’s XRP Ruling a ‘Milestone Win’ for Crypto Industry, Says JMP Securities
14.7.2023
A summary judgment partially in favor of payments network Ripple represents a milestone win for the crypto industry and provides legal clarity as to what does and doesn’t represent a security, JMP Securities wrote in a research note Friday
Wall Street Giants Seek Approval for Bitcoin ETFs Amidst Crypto Industry Turmoil
14.7.2023
The recent regulatory crackdown has not scared Wall Street asset managers like BlackRock, Fidelity and Invesco from applying to list spot Bitcoin (BTC) exchange-traded funds (ETFs), with experts now estimating a 50% chance of approval.
The race to launch an ETF is led by Cathie Wood’s ARK Invest...
BIS Report Cites ‘Inherent Limitations’ of Cryptocurrencies; Questions Their Role in Global Economy
13.7.2023
The Bank of International Settlements (BIS) has published a report on cryptocurrencies and explains that the technology has serious “flaws.” BIS researchers insist that permissionless blockchains have “inherent limitations” that lead to network congestion and high fees. BIS Report: ‘Crypto Has...
Today in Crypto: Celsius Sues StakeHound Over $150M in Assets, US Finance Committee Asks Crypto Industry for Opinions, Russia's Duma Passes Digital Ruble Bill, Stablecoins are 'Existential Threat to Policy Sovereignty'
12.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Celsius Sues StakeHound Over $150M in Assets, US Finance Committee Asks Crypto Industry for Opinions...
U.S. Senate Finance Committee Asks Crypto Industry for Tax Guidance
12.7.2023
The committee sought input from the cryptocurrency industry to better understand the tax challenges presented by digital assets