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Ripple acquires Fortress Trust, expands license portfolio in the US
8.9.2023
Fortress holds a Nevada Trust license for asset custody. Ripple holds more than 30 licenses across the United States
CFTC fines Mirror Trading $1.7B for Bitcoin-related forex fraud
8.9.2023
The CFTC has brought or resolved ten fraud cases involving digital assets or forex since June 2023, Commissioner Kristin Johnson said
AI usage on social media has potential to impact voter sentiment
8.9.2023
The U.S. presidential election is nearing and with it comes the employment of technologies like AI on social media platforms to manipulate voter sentiment
Metamask Wallet Users Can Now Cash Out Crypto to Fiat
8.9.2023
The popular Ethereum wallet Metamask has introduced a new feature allowing users to convert crypto to major fiat currencies. The “Sell” option currently supports cashing out ether (ETH) and is available to users in the U.S., the United Kingdom, and some European markets. New Feature...
US Senator Says Lack of Regulatory Clarity is Driving Crypto Outside the United States
8.9.2023
Senator Bill Hagerty (R-Tenn.) has said that the lack of regulatory clarity in the United States is creating an unfavorable environment, driving crypto companies outside the country.
"It is a terrible environment. For those companies who are trying to invest and expand, it’s forcing them to look...
Coinbase Launches Crypto Lending Service for Institutional Investors
8.9.2023
Digital asset exchange Coinbase will be offering cryptocurrency loans to institutions in the United States. With the new service, the leading U.S. crypto trading platform seeks to fill the market gap opened by the collapse of companies like Celsius, Genesis, and Blockfi. Crypto Exchange Coinbase...
CFTC commissioner calls for crypto regulatory pilot program
7.9.2023
Commissioner Caroline Pham called for the pilot program to kick off with a stakeholder roundtable and for the CFTC to propose and adopt rules on the risks retail investors face
JPMorgan moves into deposit tokens for settlements: Report
7.9.2023
JPMorgan is reportedly developing the infrastructure to run a new deposit token, allowing settlements between banks for corporate clients
Former FTX exec will give up real estate, car, and $11M following guilty plea: Report
7.9.2023
Ryan Salame will reportedly remain free on a $1-million bond until his sentencing hearing scheduled for March 2024
House committee will reopen discussions on digital dollar in Sept. 14 hearing
7.9.2023
Following an August recess, members of the House Financial Services Committee will gather for a “Digital Dollar Dilemma” hearing on Sept. 14
UK financial watchdog could give crypto firms until January 2024 for marketing compliance
7.9.2023
Companies offering crypto services to U.K. residents have an Oct. 8 deadline to run “clear, fair and not misleading” marketing campaigns, but some could have until Jan. 8
Former FTX exec is planning to plead guilty to criminal charges: Report
7.9.2023
A Sept. 7 court appearance by Ryan Salame could see the former co-CEO of FTX Digital Markets plead guilty, following the examples of Caroline Ellison, Gary Wang, and Nishad Singh
E3 More Dead Than Ever As Organizers Work On 'Complete Reinvention' Of The Gaming Showcase
7.9.2023
The Entertainment Software Association (ESA), which controls E3, and ReedPop, which organizes events like PAX, announced they’re no longer working together after failing to put on the biggest gaming showcase of the year back in June. The once-annual, once-dominant trade event hasn’t been held...
Ron DeSantis’ falling polls: Could crypto lose its candidate?
7.9.2023
The politician faces harsh competition from pro-crypto candidates of all sorts, with his already shaky popularity in the polls declining
Understanding crypto custody: What different solutions entail for investors and businesses
7.9.2023
Overall, businesses and individuals should constantly scrutinize their custodial strategies to ensure their funds are properly managed
US Treasury, IRS propose cryptocurrency regulations for brokers
7.9.2023
Brokers — referred to as “digital asset middlemen” in the regulatory proposal — will be required to provide information on gains and losses incurred during the sale of crypto assets
Change to US accounting rules will be a boon to companies holding crypto in 2025
6.9.2023
The FASB has recommended that crypto be recorded at fair market value on corporate balance sheets, removing possibly significant impairments but adding to volatility
Following SEC delays, Ark Invest and 21Shares file for spot Ether ETF
6.9.2023
The two firms currently have a spot Bitcoin exchange-traded fund being reviewed by the SEC, and recently proposed listings of two Ether futures ETFs
Tornado Cash co-founder pleads not guilty to all charges: Report
6.9.2023
Roman Storm, facing charges related to his role in helping create crypto mixer Tornado Cash, has been free on bail following his arrest by U.S. authorities in August
US Senate confirms Philip Jefferson as Federal Reserve vice chair
6.9.2023
Philip Jefferson, who has been serving as a Fed governor since 2022, will take on the No. 2 role under chair Jerome Powell at the central bank until 2036