Crypto Markets

US Senator Calls for Comprehensive Crypto Regulation to Protect Consumers

Feb 16, 2023 | Crypto Markets

The chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Sherrod Brown, has called for a comprehensive regulatory framework for cryptocurrencies. “Recent crypto meltdowns have made clear that we need a comprehensive framework to regulate...

Breaking: Circle squashes rumors of planned SEC enforcement action

Feb 14, 2023 | Crypto Markets

USD Coin (USDC) issuer Circle has denied rumors that it received a “Wells Notice” over its United States dollar-pegged stablecoin. On Feb. 14, a now-deleted tweet from Fox Business reporter Eleanor Terrett claimed Circle had been ordered by the U.S....

BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert

Feb 13, 2023 | Crypto Markets

Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in circulation to 15.87...

Stiffing the Staker: The SEC’s Latest Crackdown on Crypto Innovation

Feb 11, 2023 | Crypto Markets

The crypto world was jolted last week when the Securities and Exchange Commission (SEC) shut down Kraken’s staking program, much to the satisfaction of Chairman Gary Gensler and his team. But what does this mean for the future of cryptocurrency and, more specifically,...

BNY Mellon Executive Says Crypto Assets Are ‘Here To Stay,’ With High Level of Investor Interest: Report

Feb 10, 2023 | Crypto Markets

An executive of Bank of New York Mellon reportedly thinks that crypto assets are for the long haul based on a study that the bank commissioned last year. According to Reuters, BNY Mellon’s head of advanced solutions Michael Demissie says that the study conducted in...

2022 Crypto Year in Review – The Most Important Events of 2022

Feb 9, 2023 | Crypto Markets

Well, the first month of the new year has passed and it seems that there is every chance of a bull market. Hopefully, the crypto market will recover as soon as possible in 2023. We recently wrote about some of the events of 2022 that affected the crypto niche, and now...

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IMF Board Offers Guidance for Developing Effective Crypto Policies

The executive board of the International Monetary Fund (IMF) has provided guidance for member countries to develop effective crypto policies. The board stressed the need to develop comprehensive crypto regulations to “better mitigate the risks posed by crypto assets...

Bitcoin market cap ‘flips’ payments giant Visa for the 3rd time

A 48% Bitcoin (BTC) price surge since the start of the year has pushed BTC's market cap past that of payment processing giant Visa once again. With the BTC price currently at ,365, its market cap of 0.16 billion is now marginally above that of Visa with a market cap...

Ethereum found massive bug, Shanghai upgrade may be delayed – Report

Ethereum core developer Tim Beiko noted that the indicated Shapella bug should not impact the timeline for the Sepolia upgrade scheduled for February 28. With the Shapella test run results out, Beiko noted that some parameters are not pleasing, and the developers are...

Report: Former FTX Director of Engineering Nishad Singh Negotiating Plea Deal with Prosecutors

Another member of Sam Bankman-Fried’s inner circle allegedly plans to plead guilty to criminal charges for his role in the alleged fraud that occurred at the cryptocurrency exchange FTX. According to unnamed sources familiar with the matter, Nishad Singh, FTX’s former...