In the most exciting week in crypto history with ups and downs, policy changes, and trade war; the U.S. SEC has introduced new rules requiring its staff to seek approval from top officials before launching formal investigations. This shift in procedure comes after a leadership change, with Mark Uyeda stepping in as Acting Chair following …
The US-China trade tension has escalated to a new peak, when Beijing has strongly retaliated against Washington’s decision to impose a 10% tariff on Chinese goods with counter-tariffs on US imports. Notably, even though Bitcoin earlier benefited from US President Donald Trump’s decision to hold the proceedings aimed to impose tariffs on Canada and Mexico, …
The largest federation of unions in the United States, AFL-CIO, has filed a lawsuit against the US Treasury, alleging that the department has illegally shared US citizens’ sensitive data with the Department of Government Efficiency, led by the highly influential American business leader Elon Musk. Prominent US senators, like Ron Wyden, Chuck Schumer and Elizabeth …
The Commodity Futures Trading Commission (CFTC) has launched an investigation into sports-related prediction markets on Crypto.com and Kalshi, focusing on whether these contracts should be classified as “gaming” under the Commodities Exchange Act. This probe, first reported by Bloomberg, could impact how sports betting and event-based contracts are regulated in the future. The Big Question: …
On Monday, February 3, the U.S. Securities and Exchange Commission (SEC) implemented a new policy that could slow down its crypto-related investigations. According to Reuters, sources familiar with the matter revealed that SEC lawyers are now required to get approval from politically appointed leadership before formally initiating probes. This change marks a shift in the …
Donald Trump’s Crypto Czar David Sacks is set to hold a press conference today, February 4th, to discuss America’s position as a global leader in the digital asset ecosystem. Sacks, who serves as the White House’s cryptocurrency advisor, will be joined by prominent figures, including Chairman Tim Scott, Chairman John Boozman, Chairman French Hill, and …
India has had a rocky relationship with cryptocurrency. Since 2013, the country’s central bank, the Reserve Bank of India (RBI), has warned people about the risks of digital assets. In 2018, things got worse when the RBI banned banks from working with crypto businesses, making it almost impossible for exchanges to operate. But in 2020, …
The altcoin market witnessed intense growth in January following Donald Trump’s return to the White House. In January, the Official Trump meme coin gained significant spotlight as it recorded multiple ATHs in a few hours. As a result, January was a rocky month for the market. Several cryptocurrencies reached record highs only to drop significantly …
Last year was a great one for the crypto market, which saw strong price increases, including Bitcoin breaking the $100,000 mark for the first time. With Donald Trump winning the elections and becoming the first U.S. president to be a supporter of cryptocurrency, many crypto-related companies earned significant profits. Among them, Tether, the company behind …
Anthony Georgiades, founder and general partner at Innovating Capital, discussed concerns surrounding Ripple and its native token, XRP, particularly regarding the centralized aspects of the XRP Ledger. In an interview with Yahoo Finance, he explained that XRP operates on a decentralized ledger, but in practice, Ripple Labs holds major control over it. Ripple Labs is …
In a latest development, Kraken, one of the oldest crypto exchanges, has reintroduced blockchain staking products for many U.S. customers, signaling a major shift as the once-stagnant U.S. crypto market heats up. A new staking product is now available for U.S. clients in 37 states and 2 territories, allowing them to securely support networks. The …
In a major win for crypto regulation, Spanish authorities, with help from the T3 Consortium, dismantled a crime syndicate, arresting 23 individuals and seizing $26.4 million. On the market side, analysts are eyeing the movement of Bitcoin by long-term holders, which could signal a bullish trend and drive up prices due to increased market liquidity. …
A Chinese court has ruled that BKEX’s contract trading was illegal gambling, and its employees and agents were accomplices in operating an unlawful casino. The court detailed how BKEX founder Ji Jiaming, currently on the run, set up the exchange and launched perpetual contract trading, allowing users to bet with high leverage on crypto price …
Federal Reserve Chair Jerome Powell addressed concerns raised in the Financial Stability Oversight Council’s annual report, particularly regarding the risks of cryptocurrency. Powell was asked whether speculation in this unregulated asset class could harm individuals’ financial well-being, especially in contrast to the broader concerns about the financial system. Powell said that the Federal Reserve’s primary …
Today, the US Federal Open Market Committee (FOMC) has finally announced its first monetary policy decision of 2025. In a press release, the Federal Reserve announced that it will keep interest rates steady at the 4.25% to 4.5% range. This decision is in line with expectations. All eyes are on Fed Chairman Jerome Powell’s press …
Paradigm has pledged $1.25 million to support Tornado Cash co-founder Roman Storm’s legal defense. Storm faces up to 45 years in prison on charges including money laundering and sanctions evasion, sparking concerns about developer liability. Paradigm’s Matt Huang warned that the case could set a dangerous precedent for open-source development. Meanwhile, a Texas court recently …
Hong Kong’s Securities and Futures Commission (SFC) has issued its first two crypto trading platform licenses for 2025, bringing the total to seven since mid-2024. PantherTrade and YAX are the latest to receive approval under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). The regulator has been actively reviewing crypto firms to ensure compliance with …
Today the crypto market is under pressure as investors are waiting for the outcome of the FOMC meeting. Around this bearish call, Trump’s Bitcoin Strategy picking pace with 13 US states planning to create a Bitcoin Strategic Reserve out of them Arizona and Utah are leading the race. In the meanwhile Bitcoin is riding above …
President Trump’s newly established Department of Government Efficiency is set to tackle federal spending and streamline operations. With the U.S. DOGE Service now under its wing, the department aims to modernize government functions and drive massive cost reductions across the board. Interestingly, this new change has already benefited the US government within just a week …
The European crypto scene is changing fast, and Tether (USDT) is in trouble. Crypto.com has announced it will remove USDT from its platform by January 31, 2025. This follows decision to drop Tether last year. The future of its $138 billion USDT in the EU is uncertain, and the possibility of other regions delisting is …
In a recent development, Coinbase has been granted approval by Argentina’s National Securities Commission (CNV) to operate as a Virtual Asset Service Provider (VASP). The exchange shared in a blog post. The expansion is part of the exchange’s mission to increase economic freedom globally. In 2023, Coinbase launched its services in Brazil as a first push …
In a latest development, French investigators have opened a judicial probe into money laundering, tax fraud, drug trafficking and other charges against crypto platform Binance as reported by Reuters. The investigation into Binance by French authorities dates back to 2023, when they first accused the exchange of offering illegal crypto services and lacking an adequate …
President Trump wasted no time making his mark on the crypto world. Just a day after his inauguration, he signed an Executive Order titled Strengthening American Leadership in Digital Finance Technology, aiming to boost the growth of digital assets and blockchain technology. This move is part of a broader strategy, which includes three key executive …
Crypto exchange KuCoin has admitted guilt in a US legal case, where it was accused of operating as an unlicensed money transmitter. This case, filed by the Department of Justice (DOJ) in March 2024, also involves the platform’s co-founders, Chun Gan, and Ke Tang, who are stepping down from their roles as part of the …
In a latest development, Ripple has obtained Money Transmitter Licenses (MTLs) in New York and Texas, further expanding its presence in the U.S. These licenses enable Ripple to offer compliant cross-border payment services, enhancing its ability to provide financial institutions and crypto businesses with faster, more efficient payment solutions. This news comes as firms are …
Granting a partial victory to the Securities and Exchange Commission in its legal battle against Kraken, a US-based cryptocurrency exchange, a federal judge in California, William Orrick, dismissed some key defenses tabled by the exchange. Would the development influence the destiny of other exchanges, which have presented similar defenses in their legal battles against the …
OpenAi CEO Sam Altman’s Tool for Humanity met another tough hurdle. This time, it was Brazil, which blocked Altman’s effort to create a global identity system. Brazil’s data protection authority ANPD, expressed suspicion about the way the organisation processes data, and demanded more transparency in that area. What does the organisation have to say about …
The cryptocurrency market saw a big increase and a lot of buying activity after Donald Trump returned to the White House. With Trump signing several executive orders that support the cryptocurrency market, more people are interested in trading. The next week is important for the market because the Federal Open Market Committee (FOMC) meeting and …
The United States is preparing to introduce a significant tax relief policy aimed at boosting crypto innovation and attracting investment. Eric Trump, son of President Donald Trump, recently suggested that the Trump administration might introduce a zero capital gains tax policy specifically for cryptocurrency projects. But will this policy benefit only US-based projects, or will …
The Trump administration has taken initial steps to support the crypto industry by establishing the Working Group on Digital Asset Markets. Notably, Trump has directed the working group to explore the creation of a national digital asset stockpile, instead of setting up a Bitcoin reserve as expected. TD Cowen’s Washington Research Group, led by Jaret …