Bitget has released its transparency report for the first quarter of 2023, showcasing its accomplishments and progress during that period. According to the report, Bitget experienced a surge in investor activity driven by the cryptocurrency market's total capitalization exceeding...
Scott Shay, the former chairman of Signature Bank, faced criticism from US lawmakers for attributing his company's failure to cryptocurrency despite reportedly receiving substantial bonuses and stock options. On May 16, 2023, Shay testified before the Senate Banking Committee,...
According to research conducted by the Global Financial Markets Association (GFMA), incorporating distributed ledger technology (DLT) in traditional financial markets has the potential to deliver annual savings of up to $100 billion. Released on May 16, 2023, the research...
The G7 Finance Ministers and Central Bank Governors convened in Niigata, Japan, on May 13, 2023, ahead of the G7 Summit in Hiroshima City, to discuss digital currencies and their potential impact on the global monetary and financial system....
OpenAI CEO Sam Altman is scheduled to address the US Congress on Tuesday, May 5, 2023 at hearing before the Judiciary Committee's sub-committee on Privacy, Technology, and the Law. He is expected to advocate for the consideration of mandatory...
The Federal Reserve Bank of Chicago (FRBC) has published a comprehensive research report explaining the causes and driving forces behind the 2022 cryptocurrency crisis that sparked multiple bank runs and impacted the global financial markets. According to the report,...
Creditors of the bankrupt cryptocurrency lending firm BlockFi filed fresh court documents on May 15, 2023, to protest the company's new restructuring plan. The creditors accused BlockFi of intentionally prolonging the legal proceedings for its benefit. BlockFi presented its...
During the recent hearing on prudential regulator oversight conducted by the U.S. House of Representatives Financial Services Committee, Martin Gruenberg, Chair of the Federal Deposit Insurance Company (FDIC), disclosed that inadequate management and a lack of liquidity as the...
The Economic and Financial Affairs Council of the European Union granted final approval to the Markets in Crypto-Assets (MiCA) legislation on May 16, 2023, following unanimous support from the finance ministers of all 27 member states. In addition to...
The United States Securities Exchange Commission (SEC) has responded to Coinbase's request for clear cryptocurrency regulations in a formal court filing. In the court documents filed on May 15, 2023, the SEC acknowledged that the rulemaking process could take...
