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CZ Binance on Buying Banks to Fight Crypto Regulation Woes, Russian Banker Says CNY Likely to Dethrone USD, and More — Week in Review
4.6.2023
Changpeng Zhao, the CEO of Binance, doesn’t think buying a bank would solve the crypto industry’s troubles with traditional financial institutions, amid issues his own exchange currently faces in regions like Australia and Europe. In other news, the chairman of Russia’s...
What the ‘anti-mining bill’ means for the crypto industry in Texas
30.5.2023
The Lone Star State has become one of the hottest points on the U.S. map in terms of crypto regulation
Crypto Industry’s Reputation Takes a Hit: FTX and Bitcoin Rank at the Bottom of 2023 Axios Harris Poll 100
30.5.2023
A recent survey conducted by Axios and Harris Poll, which polled 16,310 Americans, has revealed some interesting findings about the reputation of two select entities in the crypto industry. FTX, a crypto exchange that has since gone out of business, has been ranked at the very bottom of the list...
Crypto Exchange Hotbit Says ‘Deteriorating Conditions’ Forced It to Stop Operations
25.5.2023
China-headquartered cryptocurrency exchange, Hotbit, said on May 22 it had made the decision to halt “all cex operations.” The crypto exchange pointed to the “continuous outflows of funds from cex [centralized exchange] users” as one of the many factors that forced Hotbit...
Crypto industry leveled in 2022 — Bitmex CEO
25.5.2023
BitMEX’s CEO reflects on a tumultuous 2022 for the cryptocurrency industry and the effects of the FTX fallout and other recent major events
Tax Authority Slated to Become Main Crypto Regulator in Russia
17.5.2023
Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an entry point for market...
Hong Kong to Have Tight Crypto Regulations, Head of Monetary Authority Says
10.5.2023
Companies attracted by the plan to turn Hong Kong into a hub for digital assets should expect strict regulations, the region has indicated. Authorities are preparing new licensing rules for service providers working with cryptocurrencies and guidelines for banks interacting with crypto firms....
Crypto Industry Asks UK to Think Globally as Government Closes Consultation on Proposed Rules
10.5.2023
The U.K. opened its plans for regulating the crypto sector for public comment back in February
New White House standards strategy could have implications for crypto industry KYC
4.5.2023
The Biden administration has released a strategy document focusing on setting standards for “critical and emerging” technologies such as blockchain and digital ID
US Senator Ted Cruz: ‘I Like BTC for the Same Reason the Chinese Communist Govt Doesn’t Like BTC’
30.4.2023
United States Senator Ted Cruz has said he remains “incredibly bullish on bitcoin” which he described as the “alpha in the crypto sphere.” According to Cruz, people are attracted to bitcoin because they see it as a hedge against inflation and also as an “important...
Reports by Fed and FDIC Reveal Vulnerabilities Behind 2 Major US Bank Failures
29.4.2023
On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities that led to the ultimate failure of Silicon Valley Bank (SVB). In addition, Marshall Gentry, the chief risk officer of the Federal Deposit Insurance Corporation (FDIC)...
Crypto Industry Is 'Absolutely' at War Against Gensler, Warren, Blockchain Association CEO Smith Says
28.4.2023
The war won't last forever, but probably will continue for the next 18-20 months, Kristin Smith said
US SEC’s Gensler Releases Another Video Dig at Crypto Industry
27.4.2023
Securities and Exchange Commission Chairman Gary Gensler made an investor-education video arguing a systemic lack of compliance in the digital assets sector
Franklin Templeton CEO: The Future of the Crypto Industry Is Regulated
26.4.2023
At CoinDesk’s annual Consensus conference, CEO Jenny Johnson said cryptocurrencies like bitcoin were a “distraction” from the benefits of blockchain technology
UK financial watchdog to crypto industry: ‘Let’s work together’
26.4.2023
The Financial Conduct Authority wants input from crypto companies on moving forward with regulations
UK FCA Wants to Work With the Crypto Industry to Develop Regulation, Executive Says
25.4.2023
The U.K. is consulting on new rules for the crypto sector
With MiCA Past the Finish Line, UK's Crypto Industry Calls for Rules of Its Own
21.4.2023
The finalization of the landmark law puts “significant pressure” on the U.K. to deliver its own crypto rules, one industry group said
EU Crypto Industry Applauds MiCA – But Looks to What’s Next
21.4.2023
A Thursday vote sealed the deal on the long-awaited crypto law, but there’s still plenty of details to settle
What’s next for EU’s crypto industry as European Parliament passes MiCA?
20.4.2023
What is the potential impact of MiCA on the EU crypto and blockchain market, and what other regulations can be expected for this rapidly evolving industry?
Crypto Industry Report: BTC Beats Nasdaq Index and Gold in Q1, Liquid Staking Governance Tokens up by 210%
20.4.2023
According to the latest Coingecko crypto industry report, during the first quarter of 2023, bitcoin became the best-performing asset after it saw its U.S. dollar value go up from just under $17,000 observed on Dec. 31, 2022, to just over $28,000 by March 31, 2023. The report attributes the crypto...