Federal Reserve Vice Chairman Michael S. Barr has published an article regarding cryptocurrencies, highlighting the creation of a team of professionals to examine the issue. In the article, Barr state...
Category: Crypto
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Gate.io Partners With Visa to Launch Crypto Debit Card in Europe
Exchange News Gate has announced that it is now accepting registrations and waiting lists from users. The firm’s Lithuanian subsidiary, Gate Global UAB, will introduce the card. Even if the market wer...
Gary Gensler Faces Flak For ‘Misleading’ Talk On Crypto Market
Crypto News: In sheer contrast to the market perception, U.S. Securities and Exchange Commission (SEC) chair Gary Gensler reiterated that laws around digital asset activities in the US are clear. He e...
Bakkt partners with Caesars Entertainment to bring crypto rewards to the Las Vegas strip
Bakkt Holdings, Inc., a company focused on unlocking the crypto economy for partners through commerce and loyalty programs, has announced a partnership with US-based casino-entertainment firm Caesars ...
“NFT” sweeps across US as the most used crypto slang
Ad The word “NFT” (non-fungible token) is the most popular crypto slang used in the U.S., according to a recent study by Crossword Solver. The word “NFT” came forward as the most used crypto slang in ...
Crypto.com’s Future in Jeopardy Amid Euro Banking Woes
Crypto.com struggles to provide Euro banking services to EEA users amid digital asset crises. Crypto.com also previously lost the ability to accept USD deposits. The firm allows consumers to purchase ...
Federal Reserve Setting Up New Squad of Crypto Specialists
“While crypto assets are hyped as decentralized, there has been an emergence of new, quite centralized intermediaries that are either not subject to or not compliant with appropriate regulation and su...
Levy On Crypto Transactions To Raise $24M In Biden’s Budget
Biden’s budget plans to lower drug prices, raise some business taxes, reduce fraud and cut wasteful spending. It will also propose changing the tax treatment of cryptocurrency transactions. Even thoug...
The battle for regulatory classification in the crypto world
Ad Non-fungible tokens (NFTs) do not qualify as securities, according to a statement released by the German Financial Supervisory Authority (BaFin). BaFin officials argued that NFTs, which only design...
Federal Reserve Takes Bold Move to Protect Banks from Crypto with Enhanced Guidance and Supervision
In recent years, the rise of cryptocurrency has caused a lot of excitement and controversy in the financial world. While some see it as the future of money, others warn of its potential dangers, parti...
Banks with crypto services require new Anti-Money Laundering capabilities
The new year began with the news that notable Web3 entrepreneur Kevin Rose fell victim to a phishing scam in which he lost over $1 million worth of nonfungible tokens (NFTs). As mainstream financial ...
Regulator Warns Crypto Investors Against “Proof Of Reserve” Reports, Says Can’t Be Trusted
While the intervention of regulators in the crypto industry could sometime seem unnecessary or frightening, it is worth noting that not all regulators are villains, some are just keen on consumer prot...
Crypto Lawyer Calls Out US Senator Brown for Anti-Crypto Bias
Crypto lawyer described US asset regulators as anti-crypto thugs. Senator Brown blamed Silvergate Bank’s insolvency on crypto’s volatility. A crypto enthusiast argued Silvergate’s case was user deposi...
Elizabeth Warren Blames ‘Crypto Risk’ for Silvergate Bank’s Liquidation, Critics Dismiss Senator’s Claims as ‘Terribly Misinformed’ – Bitcoin News
After Silvergate Bank announced its voluntary liquidation, U.S. senator Elizabeth Warren is attributing the financial institution’s downfall to “crypto risk.” According to Warren, she had previously w...
Cardano price analysis: ADA coin price hits the $0.30 level
1 ADA coin price is in a strong uptrend and recently it fell to the demand zone as result of positive price structure. 2 ADA coin price is forming a falling wedge reversal chart pattern on a daily tim...
Xapo bank integrates Bitcoin Lightning Network amid turmoil in crypto banking sector
Ad Coinbase-owned Xapo bank announced its integration with the Bitcoin (BTC) Lightning Network on March 2, becoming the first fully-licensed bank integrated with the Lightning Network. This integratio...
Crypto.com (CRO) Price Faces More Downside
The Crypto.com (CRO) price could be due a relief rally, but the correction is likely not over yet. CRO is the native token of the Crypto.com crypto exchange. The CRO token price has decreased below a ...
Trezor crypto wallet’s move into the semiconductor business isn’t for everyone
Crypto wallet maker Trezor recently decided to start manufacturing its own hardware wallet chips to respond quickly to demand-triggering events like the FTX collapse. Trezor announced on Feb. 27 that ...
US Shall Embrace New Crypto Regulations; Testifies Coinbase Lawyer
Paul Grewal reiterated the need for a serious upgrade in the US crypto rules. He highlighted that the country should embrace new regulations to withhold its leading position in crypto. Grewal discusse...
CoinTracker Partners With H&R Block to Streamline Crypto Tax Filing Process
Partnership Eliminates Complexities of DIY Crypto Tax Filing, Helping Users Remain Tax Compliant SAN FRANCISCO–(BUSINESS WIRE)–CoinTracker, the market leader in cryptocurrency tax and portfolio tracki...
ZachXBT bids adieu to crypto community requests
Ad In a recent tweet, on-chain detective ZachXBT said he “sincerely meant” he was ending community requests for help with crypto scams, adding that he’s done more than his fair share in rooting out th...
Crypto Friendly Bank Silvergate Shuts Down
Key Takeaways Silvergate Bank announced yesterday it would be voluntarily undergoing liquidation. The bank assured that all customer deposits would be fully repaid. Silvergate had previously informed ...
Silvergate crypto: will liquidate its asset
Silvergate Bank, a San Diego-based financial institution known for its crypto-friendly stance, has announced that it will “voluntarily liquidate” its assets and close operations. The announcement was ...
SEC’s Crypto Crackdown: Have The Major Crypto Players Been Exposed To “Fallen” Silvergate?
The fall of FTX and Alameda Research in 2022 began a tidal wave that has since severely affected other crypto-related companies, including Digital Capital Group-backed Genesis Trading, which was even ...
CoinTracker integrates with H&R Block to offer crypto tax preparation
Crypto tax software provider CoinTracker is integrating its software with H&R Block, a company that helps millions of customers prepare their income taxes across Canada, the United States and Aust...
Binance Amasses $18,960,943,364 in Bitcoin and Ethereum Holdings on Behalf of Crypto Traders
Top crypto exchange by trading volume Binance has amassed nearly $19 billion in Bitcoin (BTC) and Ethereum (ETH) holdings on behalf of the crypto traders that use its platform. Binance released a proo...
Bitcoin, crypto prices subdued following Silvergate ‘wind down’ announcement
Markets • March 9, 2023, 11:27AM EST Cryptocurrency prices continued to trade in a relatively tight range, with volumes down following the collapse of crypto-friendly bank Silvergate. Bitcoin w...
Crypto Miners’ Activities Highly Affect Market; Says Analyst
CryptoQuant shared an insight into the crypto miners’ selling activity claiming that it affects the market. The blog reiterated that the market is affected by the miners’ activities as they hold a lar...
Biden Budget Plan proposes taxes to reduce crypto wash trades
U.S. President Joe Biden’s proposed budget will be released on March 9, including a stipulation for tax loss loopholes on crypto transactions. The budget blueprint will include a provision to reduce ...