Browsing: News

The SEC, CFTC and DOJ have seven cases either resolved or ongoing this year, with the litigation against husband-wife duo Ilya Lichtenstein and Heather Morgan being the most high profile. A new crypto litigation tracker from commercial law firm Morrison Cohen LLP shows details of more than 300 active and settled court cases since 2013.…

The world’s sixth-largest exchange has shot itself in the foot by announcing substantial reductions in rewards for its Visa cardholders, causing CRO price to tank. Crypto exchange Crypto.com announced severe reductions to CRO staking rewards for most tiers of its VISA prepaid card which has forced the token price to fall around 30% in less…

Twitter pilots crypto payouts, Coinbase’s NFT Marketplace launches in beta and an eco-friendly altcoin shuts down Times Square. These stories and more this week in crypto. Bitcoin Rally Loses Steam Both the stock and crypto markets reacted negatively to news from the Federal Reserve that it’s keeping open the option of raising interest rates in…

VeChain has made a series of announcements that look to substantially grow usability and adoption of its native VET token. Supply chain blockchain project VeChain has announced a new partnership with crypto payment services, Alchemy Pay that will allow people to use its VET token as payment in over 2 million stores throughout 70 different…

Crossover Markets Group Inc. is being launched by two former Jefferies FX brokers, and aims to make a splash in the institutional crypto investment scene. Two former Jefferies Financial Group executives are set to launch a new cryptocurrency exchange designed for institutional investors. Named Crossover Markets Group Inc. the exchange is set to debut in “late…

For most of 2022 so far, cryptocurrencies have been trading in negative territory, as the retracement from all-time highs of…

dYdX said that it is looking at full decentralization to offer its users advantages of DeFi that centralized services can’t. Ethereum Layer 2-based crypto derivatives trading platform dYdX has vowed to become “100% decentralized by EOY” via the protocol’s V4 update. dYdX primarily offers perpetual contracts, which are derivatives products that borrow elements from both…

The fees will bring virtual currency companies on par with those paid by banking and insurance institutions as a way for the state to recoup operating expense costs and “best support” the industry. The cost of running a crypto business in New York is about to rise with the state government gearing up to require…

FTX’s CEO gives away his fortune, investment banks predict a bright future for crypto and can Bitcoin’s price reach $1 million? These stories and more this week in crypto. FTX CEO Will Give Away His Earnings The CEO of crypto exchange FTX plans to give away the majority of his fortune. Sam Bankman-Fried is one…

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this new test will include a fixed supply of the mentioned token, and detailed this pilot…

Nonfungible token platforms incorporating Web3 and the metaverse continue to attract sizable investments from venture capital firms. Nonfungible token (NFT) startup Genies has secured $150 million in Series C funding at a valuation of $1 billion, making it the latest crypto-focused platform to attain “unicorn” status. The funding round was led by California-based private equity firm…

The application awaits approval from the United States financial regulatory body, SEC UK-based blockchain infrastructure firm Applied Blockchain has filed an initial public offering (IPO) application on Apr. 8 to the United States Securities and Exchange Commission to issue 3,236,245 shares of common stock onto the Nasdaq Global Select Market with the ticker symbol APLD.The…

Right now, children all across Ukraine are in grave danger due to the ongoing war. With every passing hour, more and more children find themselves in desperate need of care and shelter. That’s why we have decided to help them and we are asking for your support. Use the link below to make a donation…

A recent poll conducted by NBC News indicates that one in five Americans has used cryptocurrencies by either investing or trading digital assets. The findings suggest that crypto assets continue to become more popular as 21% of the 1,000 participants surveyed have “dabbled” in crypto assets. Survey Says 1 in 5 Americans Has Used Crypto…

Peirce, sometimes referred to as the Crypto Mom, found the new guidance to be an example of the SEC’s “scattershot and inefficient approach to crypto.” U.S. companies that safeguard their clients’ crypto-assets received new accounting guidance Thursday in the form of a Securities and Exchange Commission, or SEC, Staff Accounting Bulletin. The guidance got a…

Introduction As time passes by, more and more tokens join the market, each with a different mission. However, most of…