The Australian Securities & Investments Commission (ASIC) has initiated legal action against Bit Trade, an Australian crypto exchange that offers services through the US-based Kraken platform, due to alleged non-compliance with financial regulations. ASIC oversees financial services and consumer credit in Australia and has accused Bit Trade of failing to meet the design and distribution […]
In a significant development, the House Financial Services Committee has successfully passed the CBDC Anti-Surveillance State Act, a bill aimed at preventing the Federal Reserve from issuing a central bank digital currency (CBDC). Representative Tom Emmer, known for his support of decentralized cryptocurrencies, announced on social media that the legislation had received approval from the […]
Cryptocurrency is proving to be a real hedge against economic turmoil in many countries facing severe financial crises. Several nations, especially in Africa, including Nigeria, have witnessed a surge in the use of cryptocurrencies, particularly Bitcoin, as a smart way to safeguard their wealth. Data from Chainalysis reveals that Nigeria, one of Africa’s largest economies, […]
Bitcoin and the majority of crypto assets strengthened amidst the wait and see attitude of market players waiting for the policy of the United States (US) central bank, The Federal Reserve (The Fed). Part of the increase in crypto asset prices is due to increasing confidence among market players that the Fed will maintain its […]
In exciting developments, Bitcoin (BTC) has experienced a significant surge today (20/9/2023), with its value soaring above US$27,200. This increase follows a previous high of over US$27,400. Meanwhile, another cryptocurrency, Ether, remains stable at around US$1,640. Bitcoin’s Surge: What Does It Mean? The rise in Bitcoin’s price has caught the spotlight, particularly as it coincides […]
Last week, the California Legislature took a significant step by approving a bill designed to establish a new set of rules and licensing requirements for cryptocurrency firms. The bill also intends to implement various regulatory measures to oversee these crypto companies. Currently, the bill is awaiting approval from Governor Gavin Newsom, who has until October […]
Cybercriminals have been shifting away from cryptocurrency mixers towards cross-chain bridges at an accelerated rate over the past year, as reported by blockchain forensics firm Elliptic. According to Elliptic’s data, in June and July, nearly all stolen cryptocurrencies were funneled through cross-chain bridges, marking a complete reversal from the first half of 2022. In a […]
Nomura Group’s digital asset subsidiary, Laser Digital, announced the launch of the Bitcoin Adoption Fund on Tuesday, September 19th. Their Bitcoin Adoption Investment Fund will provide institutional investors with an easy way to access the world of digital assets. Nomura Group initially entered the digital asset business through Laser Digital in May 2022. Headquartered in […]
India has secured the second spot globally in terms of cryptocurrency transaction volume, as revealed in a recent report by Chainalysis. Despite facing challenges related to tax laws, India has emerged as a significant player in the crypto market, surpassing the UK, Turkey, and Russia. According to Chainalysis, India has showcased remarkable grassroots adoption, with […]
Ripple’s CEO, Brad Garlinghouse, and President, Monica Long, have announced plans to expand the company’s team beyond the borders of the United States in response to their ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The lawsuit between Ripple and the U.S. SEC remains one of the hottest topics in the cryptocurrency […]