The crypto community has expressed displeasure about the latest economic report released by the White House. The White House released its 2023 edition of 'Economic Report of the President' on March 20, 2023, containing the first discourse on digital...
The Australian Prudential Regulation Authority (APRA) has requested local banks report on their cryptocurrency transactions and disclose their exposures to startups and crypto-related companies. The regulatory body is seeking to obtain a deeper understanding of potential risks and exposures...
On March 20, 2023, Coinbase, a cryptocurrency exchange based in the United States, submitted a petition to the U.S. Securities and Exchange Commission (SEC) challenging the classification of stakes as securities. Americans love their stake. Here’s why we need...
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...
