Introduction: Gary Gensler, the Chairman of the U.S. Securities Exchange Commission (SEC), has been under fire lately for making it more complex and difficult for cryptocurrencies to enter the mainstream. But in a recent interview with CNBC’s Squawk Box, Gensler defended the regulator’s interventions and explained that the SEC’s aim.
Introduction The Bank of England and the British government have officially launched a consultation on the digital version of the pound sterling. This follows a growing trend among central banks worldwide to embrace digital currencies, as the world continues to move towards a cashless future. The Bank of England and.
On February 10th, at the “Digital Money, Decentralized Finance, and the Puzzle of Crypto” conference hosted by the Global Interdependence Center, Christopher Waller, a member of the United States Federal Reserve Board of Governors, expressed his preference for some parts of the cryptocurrency ecosystem over others. Waller identified three key.
In recent news, the financial authorities in New York have confirmed that they are currently investigating stablecoin giant, Paxos. The New York Department of Financial Services (NYDFS) has declined to comment on the exact nature of the investigation but sources suggest that it is related to the full bank charter.
Introduction: Kraken, one of the largest and most popular cryptocurrency exchanges operating in the United States, is in hot water with the Internal Revenue Service (IRS). According to the IRS, Kraken has ignored requests for customer information concerning American customers who have conducted transactions worth $20,000 or more in cryptocurrencies.
FTX, one of the leading cryptocurrency exchanges in the world, recently filed for bankruptcy, leading to a legal circus of epic proportions. The collapse of the exchange has sparked a frenzy of legal activity, with court documents revealing the exorbitant costs of the FTX bankruptcy case so far. FTX’s bankruptcy,.
Dubai is set to take a firm stance on private cryptocurrencies such as Monero (XMR) and ZCash (ZEC) as the Virtual Assets Authority has banned the use of these cryptocurrencies, as well as any activity related to them. The new cryptocurrency regulations, entitled “The Virtual Assets and Related Activities Regulations.
Introduction Tether Holdings Limited, the issuer of the world’s largest stablecoin, USDT, has released its latest financial report, which shows a net profit of $700 million for the last quarter of 2022. The report highlights the elimination of commercial paper from its balance sheet, a significant milestone for the firm..
The People’s Bank of China (PBoC) has been making strides in the digital currency sector, and their latest innovation has brought the use of digital yuan payments to a whole new level. With the ability to spend crypto without an internet connection, China’s digital currency is now making waves in.
Solana is expanding its territory with a recent partnership with the Google of Web3, the Brave search engine. This is great news for SOL and BAT (Basic Attention Token), the native tokens of Solana and Brave respectively. Solana is a public blockchain that is flourishing, with a fast-growing ecosystem of.
Trading in the cryptocurrency market can be both exciting and challenging. With its high volatility, it is essential to have a deep understanding of the market trends to maximize your profits and minimize your losses. One of the most critical concepts in cryptocurrency trading is understanding support and resistance levels..
Cryptocurrency is a rapidly evolving market, and staying informed about news and events is crucial to making informed investment decisions. In this article, we’ll explore how news and events impact the price and value of cryptocurrencies and provide tips on how to analyze and interpret this information to gain a.