Huobi Ordered by Malaysia’s Securities Commission to Cease Operations
The emergence of noncompliance concerns necessitated Malaysia's Securities Commission to direct Huobi's termination of local operations. Noncompliance Prompts Termination of Operating License From Securities Commission...
Stablecoin Issuers Incur Millions in Lobbying for Crypto Legislation
Recent scrutiny of stablecoin issuers' operations reveals that Circle and Tether have actively engaged lobbyists on possible crypto regulation agendas. The two firms have spent...
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...
Rep. Tom Emmer Alleges Democrats Secretly Supporting CBDC Bill
The Republican majority whip indicates that Democrats secretly support his proposed central bank digital currency (CBDC) bill. He attributes the silence from the Democrats to...
P2P Marketplace Etherisc Rolling Out Depeg Insurance to Protect USDC Holders
Etherisc customers are set to benefit from a depeg insurance coverage that the peer-to-peer (p2p) marketplace is rolling out to safeguard against losses. Etherisc is...
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...
US House Committee Releases Draft Stablecoin Bill
The US House of Representatives has published a draft bill outlining the regulatory framework for stablecoins. The 72-page report has incorporated the procedures for paying...
Users On Binance.US Unable To Make BUSD Deposits/Withdrawals
It was mid of March 2023 when the global banking turmoil had begun, which originally originated in the United States. Even though March has come...
Daily Crypto Market Update – Lawsuit Against Binance Helps Bears Take Control of the Market
The Crypto market saw $40.1 billion in outflows over the past 24 hours. The total market cap currently sits at $1.18 trillion, down from $1.58...
Daily Market Update – BTC Falls 3.5% as Liquidity Concerns Rise
The Crypto market capitalization has dropped by 2.3% to $ 1.17 trillion in the past 24 hours. During this period, BTC's market valuation decreased to...