SEC Reacts to Coinbase Suit, Likely to Enforce Action Against the Crypto Exchange
A research report by Berenberg showed that the Securities and Exchange Commission (SEC) is exceptionally likely to implement an enforcement action against Coinbase. The report...
Tether Generated a Net Profit of Nearly $1.5 Billion in Q1, 2023
USDT is one of the top stablecoin projects in the world. The on-chain metrics for the crypto project suggest that it has gained around a...
Binance Stops Offering Services in Canada as CSA Implements New Crypto Regulations
The Canadian wing of Binance has decided to halt the operation as per new updates. The international cryptocurrency exchange has been facing issues with the...
Bittrex Applies for Chapter 11 Bankruptcy Protection, Weeks After SEC Files Charges
Bittrex has confirmed filing for Chapter 11 bankruptcy protection is a submission for the Delaware District Court. The provider of crypto exchange services estimates its...
Hong Kong’s Central Bank Chief Warns About Strict Crypto Regulations
HKMA or Hong Kong Monetary Authority has shared its impression concerning cryptocurrency markets in the region. To this end, Eddie Yue Wai-man, the Chief Executive...
Ireland’s Central Bank Labels Bitcoin as a Ponzi Scheme
The cryptocurrency industry is facing issues on various fronts. However, the nascent technology has continued to move forward and make progress regardless of all the...
Crypto Exchange Coinbase to Face Existential Threat as SEC Starts New Crackdown on Crypto Sector
Coinbase may be in a world of trouble as the SEC regulators have recently tightened the circle of regulations around the crypto exchange. A financial...
White House Proposes 30% Excise Tax Targeting Crypto Mining Firms
The White House is set to impose a 30% excise tax targeting crypto mining activities. In the report issued on Tuesday, May 2, Biden's administration...
Nigeria Approves National Blockchain Policy to Promote Digital Economic Development
Nigeria is one of the major exporters in the international markets with products like Cocoa beans, Crude Petroleum, and Gas, among others such as special...
IMF Director Issues Warning Regarding Retail CBDCs
International Monetary Fund or IMF director Kristalina Georgieva is concerned about issues connected to retail CBDCs. It is worth noting that CBDCs are digitized forms...