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Swiss Government-Owned Bank to Grant 2.5 Million Users Crypto Capabilities via New Partnership – Crypto Adoption on the Rise?

5.4.2023
Major Swiss bank PostFinance has partnered with digital asset services provider Sygnum Bank to offer cryptocurrency trading and storage services for its customers. As part of the partnership, the Swiss state-owned bank will provide its 2.5 million customers access to buy, sell, and store Bitcoin...

Swiss Government-Owned Bank PostFinance to Offer Customers Crypto

5.4.2023
PostFinance will begin offering its 2.5 million customers access to buy, store and sell Bitcoin (BTC) and Ethereum tokens (ETH), thanks to a partnership with Switzerland’s Sygnum Bank

US Justice Department Seizes Cryptocurrency Worth $112 Million in ‘Pig Butchering’ Crackdown

5.4.2023
The U.S. Department of Justice (DOJ) says it has seized cryptocurrency worth over $112 million linked to fraudulent investment schemes known as “pig butchering.” According to court documents, the seized crypto accounts were allegedly “used to launder proceeds of various...

US-Saudi Tensions Escalate as Report Says Crown Prince Is No Longer Interested in Pleasing the United States

4.4.2023
After Saudi Arabia and members of the Organization of the Petroleum Exporting Countries (OPEC) surprised the world by announcing cuts to oil production, a spokesperson for U.S. president Biden’s National Security Council stated that reducing production is not advisable. According to a recent...

Texas Senate committee moves forward on bill removing incentives for crypto miners

4.4.2023
Under the proposed legislation, certain crypto mining firms participating in a program to reduce the load on Texas' energy grid would not receive an abatement on state taxes

‘Totally Irresponsible’ — Bitcoin Proponents Express Discontent Over Twitter’s Doge Logo Change

4.4.2023
After the Twitter logo was changed from the original blue bird to a cartoon image of the famous Shiba Inu Doge, the cryptocurrency dogecoin rose significantly in value and is now up 27% more than 12 hours later. However, a number of bitcoin proponents expressed distaste for the logo change, and...

Central Government and SBI to issue Forex Cards to select Haj Pilgrims

4.4.2023
The Ministry of Minority Affairs, currently chaired by Smriti Irani, has officially announced its partnership with the State Bank of India (SBI). The objective is to issue Forex Cards to select Haj pilgrims. The revised policy gives flexibility to cardholders in having the currency based on their...

US Government Went After Activision Over Stingy Esports Salaries

4.4.2023
The Department of Justice has taken Activision Blizzard to court, alleging the publisher’s esports leagues had been grossly underpaying their workers/players via an exploitative “Competitive Balance Tax”.Read more

Elizabeth Warren Explains Her ‘Anti-Crypto Army’ Stance; Waves of Democrats Oppose Her Bitcoin Criticism

3.4.2023
Elizabeth Warren, the Democratic senator from Massachusetts, has recently launched a political campaign against cryptocurrencies as she seeks a third term in office in 2024. In a recent interview on “Meet the Press Reports” with NBC’s Chuck Todd, Warren likened buying bitcoin...

Unwinding the hyperbole: Are US-based crypto firms really being ‘choked’?

3.4.2023
Are U.S. agencies conspiring to “un-bank” crypto and put Binance out of business?

Crypto Companies Make Complaints to UK Government Amid Banking Woes – What's Going On?

3.4.2023
Access to banking has gotten so limited in the UK over the past few weeks that crypto companies had to complain directly to Prime Minister Rishi Sunak’s government. Per Simon Jennings, executive director at the advocacy group the UK CryptoAsset Business Council, "When crypto started, the purists...

U.S. Government's Case Against Voyager-Binance.US Merger Given Weight by Judge – Here's the Latest

3.4.2023
The case the US Government has made against Binance.US’ plans for an acquisition of bankrupt crypto lender Voyager Digital got a little stronger after a judge decided to halt the merger of the firms pending a government appeal. The new ruling marks a turn of events after another judge earlier this...

India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar

3.4.2023
The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries...

Stress test? What Biden’s bank bailout means for stablecoins

2.4.2023
A major stablecoin depegging event raised concerns about the stability of these assets amid a U.S. banking crisis. The result may have been an improvement in their position in traditional finance

Former Treasury Official Issues Dire Warning, Bill Ackman Fears Economic ‘Train Wreck,’ US Gov. Remains Top BTC Holder, and More — Week in Review

2.4.2023
Warnings continue to pervade market and financial news this week, with Monica Crowley, former assistant secretary for public affairs for the U.S. Department of the Treasury, indicating “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency....

US Government Plans to Sell Over 41,000 Bitcoins Confiscated from Silk Road Hacker

1.4.2023
According to a court document filed on March 31, 2023, regarding the sentencing of James Zhong, who stole over 50,000 bitcoin from the Silk Road marketplace, the U.S. government plans to liquidate 41,490 bitcoin “over the course of this calendar year.” U.S. Government Discloses...