India’s biggest crypto exchanges face a brutal market winter amid unfriendly local regulations. Plummeting prices, the looming cryptocurrency taxation scheme, and the inability of customers to transfer money into exchanges have all put a damper […]
In the early trading hours of June 18, the two flagship digital assets, Bitcoin and Ethereum, crashed by over 8%, respectively, pushing their price below the dreaded $20k and $1k level. This massive decline has […]
The U.S. Department of Labor is receiving pushback from an industry initiative, requesting it rescind its previous guidance on including crypto in 401(k) plans. The Crypto Council for Innovation (CCI) comes with support from Coinbase […]
The Bank of Israel is collaborating with the Hong Kong Monetary Authority in a trial for a new central bank digital currency. The joint CBDC project will utilize a two-tiered system, once it begins in […]
On Thursday, the U.S. Court of Appeals for the Second Circuit ruled that Terraform Labs CEO Do Kwon must comply with a subpoena served by the SEC back in September. The SEC is reportedly investigating […]
The U.S. Treasury Department is progressing toward addressing the anonymity of unhosted crypto wallets as part of Joe Biden’s wider strategy to tackle illicit finance involving digital assets. Following two rules proposed by the Financial […]
Blockchain advocacy group Coin Center filed a lawsuit on Friday against the U.S. Treasury Department and the IRS for allegedly drafting an unlawful amendment to the controversial infrastructure bill. The lawsuit against the Treasury Department […]
A recent disclosure filed with the U.S. House of Representatives on Wednesday revealed that Rep. Madison Cawthorn (R-NC) failed to report between $290,000 and $950,000 in crypto trades within the 45-day federal law. Cawthorn reported […]
The Commodity Futures Trading Commission (CFTC) is pushing to become the primary regulator for the crypto industry, according to Commissioner Summer Mersinger who recently spoke at the Reuters Commodities Trading USA conference in Houston. Mersinger […]
Federal Reserve Vice Chairwoman Lael Brainard testified before a House committee on Thursday on the benefits and risks of a CBDC, or central bank digital currency. Last month, the U.S. Senate confirmed Brainard to be […]
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