Court Orders South African Bitcoin Trading Firm to Pay $3.4 Billion in Penalties for Forex Fraud
Commodity and Futures Trading Commission has recently churned out the biggest and heaviest fine on an operator for illegal Bitcoin dealings. As per the allegations...
Coinbase Launches Vigorous Response to SEC’s Wells Notice
The San Francisco-headquartered crypto exchange submitted a counter-response to the Wells Notice served by the US Securities and Exchange Commission (SEC). Coinbase's statement conveyed on...
Hong Kong Regulators to Issue Cryptocurrency Exchange Guidelines in May
The biggest financial regulatory agency in Hong Kong is the Securities and Futures Commission which oversees the native stock market. At present, where the cryptocurrency...
New Report Shows Russia Becomes the Second-Largest Crypto Mining Hub After the US
New data projections concerning the total number of hash rates in the world are pointing to a visible change in the pattern. These projections entail...
Paxful CEO Says He Will Not Escape with Funds Before Resignation
Ray Youssef, a Bitcoin marketplace called Paxful’s co-founder, has claimed that the company will be administered by a custodian. In addition to this, he also...
OpenAI’s CTO Admits the Need to Involve Government Regulators’ Oversight in AI
A top-ranked executive at OpenAI admitted the need to involve government regulators when designing and implementing oversight over artificial intelligence projects. Mira Murati, who currently...
Central Bank of Zimbabwe Introducing Gold-Backed Digital Currency
The Zimbabwean apex bank plans to launch a gold-backed digital currency which will become the country's legal tender. The government decision was triggered by the...
Binance CEO CZ Commits to Comply with New EU Crypto Regulations
Key Insights: Binance is willing to comply with new EU crypto regulations but needs 12-18 months for full compliance. The European Parliament passed new crypto...
Gemini Pursuing Indian Market to Establish Engineering Centre
The Winklevoss brothers' crypto exchange Gemini plans to establish an engineering centre in Northern India. The proposed architect for the hub would be the second...
Bank of England Completes CBDC’s Distributed Ledger Technology Pilot Testing
The Bank of England (BoE), in collaboration with the London-based Bank for International Settlements (BIS), has completed experimenting with central bank digital currency (CBDC). The...