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NY Attorney General Proposes Bill To Rein In Cryptocurrency Industry
5.5.2023
New York Attorney General Letitia James proposed legislation that would require refunds of customers and audits of cryptocurrency exchanges in her latest move to rein in the industry.
James’ program bill proposes the “strongest and most comprehensive set of regulations on cryptocurrency in...
US Banking Industry in Turmoil: A Comprehensive Look at the ‘Great Consolidation’ and Largest Bank Failures of 2023
4.5.2023
2023 has been a rollercoaster ride for the U.S. banking industry. The collapse of three major banks has sent shockwaves through the financial world, with their combined assets surpassing the top 25 banks that crumbled in 2008. The following is a closer look at what has triggered a ‘great...
Billionaire Arthur Hayes Claims Average Crypto User Prioritizes Ease of Use Over Decentralization – What Does This Mean for the Industry?
24.4.2023
Crypto billionaire Arthur Hayes believes that the average user of crypto attributes greater importance to ease of use over decentralization, raising questions over how this factor could impact on users' behavior and future crypto adoption.
“At the end of the day, the average person doesn't...
US Lawmaker Introducing Legislation to Remove SEC Chairman Due to ‘Long Series of Abuses’
19.4.2023
A U.S. lawmaker has announced that he is introducing legislation to remove the Securities and Exchange Commission (SEC) chairman in order to “correct a long series of abuses.” The SEC, under Chair Gary Gensler, has been heavily criticized for its enforcement-centric approach to regulating...
Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services
15.4.2023
ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is seeking to embrace the industry. ZA Bank to Provide...
New York Finance Regulator Clarifies: Signature Bank Shutdown Unrelated to Crypto Activities – Bullish for the Industry?
6.4.2023
The idea that the closure of Signature Bank was in any way an attempt to target the crypto sector is “ludicrous,” the Superintendent of the New York Department of Financial Services (NYDFS) has said....
Read More: New York Finance Regulator Clarifies: Signature Bank Shutdown Unrelated to Crypto...
Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’
6.4.2023
Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely...
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...
SEC in a Pickle: Crypto’s Tricky Trio Stirs Up Trouble in 2023
23.3.2023
2023 is shaping up to be a painful year for the U.S. Securities and Exchange Commission (SEC) as it finds itself entangled in battles with the ever-evolving and innovative cryptocurrency industry. From Ripple to Coinbase and Tron, the SEC faces fierce opposition with potentially huge consequences....
Taiwan’s Financial Supervisory Commission Set to Regulate Country’s Virtual Assets Industry
21.3.2023
Taiwan’s Financial Supervisory Commission is set to be announced as the body that will oversee and regulate the virtual asset industry. According to a report, the collapse of crypto exchanges like FTX prompted Taiwanese officials to seek ways of protecting users against similar events should...
Several Crypto Mining Operations Busted in Russia
19.3.2023
Authorities and power utilities in various Russian regions have shut down illegal crypto mining farms, seizing hardware and taking operators to court. The action against the coin minting facilities comes amid discussions on a proposal to introduce criminal liability for miners breaking the upcoming...
Shellboxes, an Industry-Leading Cyber Security Firm, Declares Continuous Commitment to Protect Blockchain Projects From the Growing Threat of Cyber Attacks
7.3.2023
PRESS RELEASE. Shellboxes, a leading Web 3 company with top-level blockchain security and consulting services, has announced its commitment to help project owners stay protected amid rising cyberattacks in the industry. The Shellboxes team has raised the alarm over the carefree attitude of most...
Ripple CEO Warns of Harm to Crypto Industry if SEC Wins Lawsuit Over XRP
6.3.2023
The CEO of Ripple Labs has warned of the harm to the crypto industry if the U.S. Securities and Exchange Commission (SEC) is able to prevail in its lawsuit against Ripple over xrp. He cautioned that the SEC’s enforcement-centric approach to regulating crypto “is not a healthy way...
OKX: Proof of Reserves is Future of CEX industry
27.2.2023
It's opening morning at London's Blockchain Economy Summit - the UK's largest gathering of crypto and blockchain companies. And Centralised Exchanges are a hot topic.
In the aftermath of the collapse of FTX - conference debate is centring on the future of the CEX sector.
Shaping the debate...
ChatGPT is Helping This New Project Take Crypto Search to The Next Level – A Game-Changer for the Industry?
24.2.2023
Ai-powered web3-focused search engine Kaito just raised $5.3 million in a seed fundraising round, according to a recent TechCrunch report. Kaito say the funds will be used to increase the size of the team and speed up product development. Participants in the round, which was led by Dragonfly...
YouTube’s New CEO Neal Mohan Is Optimistic About NFTs and the Metaverse – What Does This Mean for the Crypto Industry?
20.2.2023
YouTube’s new CEO Neal Mohan has expressed optimism about the integration of new technologies into the video sharing platform, including NFTs, metaverse, and blockchain.
Mohan, who has recently replaced Susan Wojcicki as the new CEO of YouTube, said Web3 "opens up new opportunities for creators."...
Czhang Lin Explains the Investment Strategy of LBank Labs in Web3
14.2.2023
LBank Labs is the venture capitalist and blockchain accelerator arm of global crypto exchange LBank. Spearheaded by investor Czhang Lin, LBank Labs is entering the market with a 100 million USDT fund to propel the Web3 industry. He recently joined the Bitcoin.com News Podcast to talk about their...
Filecoin Creator Protocol Labs Announces Layoffs Amid Crypto Winter and Economic Downturn
5.2.2023
Protocol Labs CEO Juan Benet published a blog post on Friday announcing that 21% of the company’s staff will be laid off. Protocol Labs is the creator of the blockchain network Filecoin. Benet emphasized in the blog post that it has been an “extremely challenging economic downturn...
Uzbekistan Collects Over $300,000 From Crypto Sector
4.2.2023
While operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from the industry. The increase in budget receipts has been attributed to the licensing regime and the introduction of fees for crypto companies. Crypto Exchange in Uzbekistan...
Bitwise Chief Compliance Officer Predicts Stablecoin Legislation to Arrive This Year – Will This Be Beneficial for the Crypto Industry?
24.1.2023
Katherine Dowling, General Counsel and Chief Compliance Officer at the crypto index fund provider Bitwise Asset Management, argued that US Congress would move to regulate stablecoins this year - as the first step towards the crypto industry regulation. ...
Read More: Bitwise Chief Compliance...