According to reports, US officials are exploring the possibility of temporarily extending Federal Deposit Insurance Corporation (FDIC) coverage to all deposits in response to concerns raised by a group of banks about a potential financial crisis. The Treasury Department...
Taiwan is increasing its regulation of the cryptocurrency industry in response to the market upheaval caused by the collapse of the FTX crypto empire. According to a report, the country's top financial regulator, the Financial Supervisory Commission (FSC), will...
The U.S. Federal Reserve has announceda collaboration with five global central banks to ensure the availability of U.S. dollars in light of recent banking failures in both the United States and Europe. This was made known in an announcement...
Since the publication of the Bitcoin whitepaper in 2008, the legal status of the cryptocurrency industry has been a highly debated topic. The emergence of cryptocurrencies has presented lawmakers and regulators with a new set of challenges, and their...
The growth of the cryptocurrency market has been rapid; however, it has been riddled with various trading issues and concerns. Recent events such as the price drop of cryptocurrencies and the bankruptcy of several large crypto companies have made...
Silicon Valley Bank (SVB), a significant financial institution that caters to venture-backed businesses in California, was closed down by the state's financial regulators on March 10, 2023. This incident is being described as the second-largest failure of a financial...
The U.S. Department of Justice (DOJ) has appealed against the court ruling in favour of the proposed asset acquisition deal between Voyager Digital and Binance.US. The appeal was filed one day after Judge Michael Wiles granted Voyager Digital permission...
Thailand's Securities and Exchange Commission (SEC) is preparing to hold another open hearing on the possibility of outlawing cryptocurrency staking and lending services. According to reports, Thailand's SEC is seeking public input on a proposed regulation prohibiting virtual asset...
On March 9, 2023, the Biden administration will release its fiscal 2024 budget proposal. The proposal aims to reduce the federal budget deficit by $3 trillion over the next decade and includes plans to modify how cryptocurrency is taxed,...
Scott Chamberlain, a co-founder of Evernode XRP and a former attorney, has commented on the recent court hearing regarding the ongoing case between Ripple and the U.S. Securities and Exchange Commission (SEC). Chamberlain stated that neither side has an...
