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Binance Sees $2.2 Billion Outflows Following CFTC Lawsuit – Should the Crypto Industry be Worried?
30.3.2023
The major crypto exchange Binance has seen a whopping $2.2 billion in outflows after news broke that it has been sued in the US by the Commodity Futures Trading Commission (CFTC).
The lawsuit, which alleged that Binance offers “unregistered securities” to retail users in the US, was announced...
Volt Inu Partners With OKX to Enable OKX Wallet Web Extension Users to Access Voltichange
30.3.2023
PRESS RELEASE. Volt Inu, the innovative crypto project and leading decentralized exchange (DEX) platform, announced a significant partnership with OKX, one of the top exchanges in the crypto industry, on March 27, 2023. Volt Inu’s Twitter announcement revealed that the two companies would...
European Parliament Passes Historic Anti-Money Laundering Rules for Crypto Industry – More Regulation Incoming?
29.3.2023
The European Parliament on Tuesday approved new rules that aims to prevent crypto from being used for money laundering purposes.
The most important part of the new legislation for crypto users is new a €1,000 ($1,080) cap on anonymous crypto transactions, meaning transactions that are made between...
Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses
29.3.2023
According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation Chokepoint 2.0,” claims that after laying...
Ethereum Co-Founder Says Crypto Ecosystem Has Never Been Better or Stronger
28.3.2023
Ethereum co-founder Joseph Lubin says the strength of the crypto ecosystem “has never been better or stronger.” He believes “more clarity” from regulators would be helpful for the crypto industry. “I think our industry has suffered from having two major factions...
A friend in need: How the crypto industry reacts to recent bank bailouts
27.3.2023
With a focus on sovereignty and creating an alternative to traditional financial systems, how is the crypto community reacting to government intervention in the recent bank crisis?
Paris Blockchain Week 2023: A net positive for the entire crypto industry
27.3.2023
The theme of PBW revolved around the evolution of Web3 in the mainstream, the past, present and future of the crypto industry
Nasdaq Aims to Launch Crypto Custody Services in Second Quarter
26.3.2023
Nasdaq intends to launch its custody services for digital assets like bitcoin by the end of this year’s second quarter. The exchange operator is among those traditional financial firms that want to play a role as intermediaries in the crypto sector which saw the collapse of some major...
'Surgical removal' of crypto will only weaken USD dominance, commentators say
24.3.2023
A day after Coinbase received an SEC Wells notice, industry commentators weighed in on what recent regulator actions mean for America's crypto future
CFTC’s tech committee gathered in DC to talk DeFi, here’s what was discussed
23.3.2023
DeFi was top of the agenda at the CFTC’s tech committee meeting, with crypto execs giving explanations and discussing the space with the regulator
Rattled crypto industry could emerge stronger after USDC depeg
20.3.2023
Did the depegging reveal stablecoins’ limitations, or was it a learning moment?
Taiwan’s Crypto Industry Welcomes Regulatory Announcement
20.3.2023
FSC chairman confirms that the island’s top financial watchdog will regulate crypto
Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners
18.3.2023
The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital...
Exclusive Interview: Tether Co-Founder Says Crypto Industry Will Bounce Back Despite Past Failures - Here’s Why
17.3.2023
In an exclusive interview with Cryptonews, William Quigley, the co-founder and CEO of decentralized blockchain WAX and co-founder of USDT issuer Tether, shared his insights on the crypto and blockchain industry's future amid recent challenges.
Quigley, who has over 30 years of experience...
Meta Winding Down Support for NFTs on Facebook, Instagram
15.3.2023
U.S. tech giant Meta is giving up on operations with non-fungible tokens (NFTs) amid ongoing turbulence in the crypto space. The company allowed creators to share digital collectibles on its leading social media platforms last year. Meta Platforms Cutting Off Support for Non-Fungible Tokens...
India’s Crypto Industry Finally Sees Lawmakers Engaging
14.3.2023
On Saturday, India’s crypto industry pulled off a near coup by bringing senior leaders from India’s ruling party and the opposition benches to an event to engage in serious discussions
Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits
13.3.2023
Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1 redeemability of all USDC in circulation is of paramount...
Crypto industry may escape lasting damage from Silvergate liquidation
13.3.2023
Some foresee benefits if the U.S. finally gets sensible crypto regulation post-Silvergate, and traditional banks “may become warmer to establishing [crypto] relationships.”
How Filecoin (FIL), Avalanche (AVAX), and TMS Network (TMSN) are innovating crypto industries globally?
13.3.2023
Filecoin (FIL), Avalanche (AVAX), and TMS Network (TMSN) are three of the most innovative and disruptive platforms in the crypto space. And TMS Network’s (TMSN) first phase of pre-sale, where they have already raised $ 2 million in their private seed sale (in an incubator fund), is enough...
Banks Shouldn’t ‘Punish’ Crypto Industry, Republican Senators Urge
10.3.2023
A crackdown on digital assets companies is reminiscent of “choke point” targeting of gun sales, Fed Governor Jerome Powell was told