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...
The Russian Association of Crypto Industry and Blockchain (RACIB), a group of cryptocurrency and blockchain enthusiasts in Russia, has written an open letter to President Vladimir Putin urging him to address the risks associated with neglecting the global growth...
On March 1st, 2023, the Utah Legislature approved HB 357, commonly known as the "Utah Decentralized Autonomous Organizations Act." This act is the outcome of the efforts of the Utah Legislature's Blockchain and Digital Innovation Task Group. The Utah...
On March 6, 2023, bankruptcy judge Michael Wiles ruled that the US Securities and Exchange Commission (SEC) would be barred from imposing fines on Voyager Digital officials if the company issues bankruptcy tokens to reimburse affected clients. This decision...
According to internal documents from the Australian Treasury Department, the Australian government may not pass legislation related to cryptocurrencies until 2024 or later, as it wants to fully comprehend the market before taking any steps. This means the country...
A recent document released by Ripple and the United States Faster Payments Council revealed that 97% of world leaders believe that cryptocurrency and blockchain technology provides a better system for payments and transactions. Over 300 payment leaders from 45...
