The Dutch finance ministry has rejected multiple requests from the Netherlands Authority for the Financial Markets (AFM) for extra funding to oversee the cryptocurrency sector, according to a local report. The report, which quoted government documents, noted that...
El Salvador has proposed using Bitcoin for trade with Russia to overcome financial transaction limitations imposed by sanctions. This revelation came from Alexander Ilyukhin, First Secretary of the Russian Embassy in Nicaragua and Head of the Office in...
Former VanEck advisor Gabor Gurbacs has sparked a provocative discussion about the Federal Reserve's potential adoption of Bitcoin, suggesting it could serve as a hedge against the central bank's own policies. The conversation was ignited by U.S. Senator...
The University of Wyoming is set to launch an institute dedicated to research and producing high-quality peer-reviewed studies on Bitcoin. Associate Professor Bradley Rettler, who will serve as the institute's director, announced the initiative on July 28 via...
BitFlyer, the Tokyo-based parent company of the eponymous cryptocurrency exchange, has finalized its acquisition of FTX’s Japanese division, purchasing all outstanding shares of FTX Japan. In a press release published today Friday, July 26, BitFlyer announced its plans...
The Swiss Financial Market Supervisory Authority (FINMA) has issued new guidelines to address risks associated with stablecoins for both issuers and banks offering guarantees. These guidelines emphasize the importance of stablecoin issuers verifying the identities of token holders...
Asset management giant Franklin Templeton has partnered with SBI Holdings to establish a new cryptocurrency exchange-traded fund (ETF) management company. The two firms signed a Memorandum of Understanding (MoU) for the joint venture on July 26, according to...
United States Senator Elizabeth Warren, known for her strong anti-crypto stance, has once again raised alarms about the risks of foreign-owned cryptocurrency mining operations in the country. During a Senate Committee on Banking, Housing, and Urban Affairs hearing...
JPMorgan Chase has unveiled an advanced generative AI tool, similar to ChatGPT, designed to perform tasks typically handled by research analysts. The new tool, named LLM Suite, which available to employees in the bank’s asset and wealth management...
Coinbase's U.K. subsidiary, C.B. Payments Limited (CBPL), has been fined £3.5 million by the Financial Conduct Authority (FCA) for “repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers.” According to the FCA, despite...
