The bitcoin price has recently topped $23,000, hitting its highest number in about six months, but while things are looking good for crypto, not everyone is happy. According to figures like former chief executive of BitMEX Arthur Hayes, a global crash is coming that could wipe out BTC and all […]

The U.K. Tax Reform Council has launched a campaign against the Bank of England’s plan to introduce a central bank digital currency (CBDC). The non-profit organization warns that such a move could seriously harm individual privacy and lead to intrusive changes to the taxation system. The freshly formed Tax Reform […]

The Republican arm of the US Congress recently opened investigations into the role of the Securities and Exchange Commission (SEC) following FTX’s fall. Congress Representative Patrick McHenry [R] had written to the SEC Chairman, Gary Gensler, requesting the submission of records and communications between the commission and the defunct FTX […]

The crypto market is getting tested for its resilience following the heightened regulatory crackdown from key agencies in the United States. With the total crypto market capitalization down approximately 1.3 percent to about $1.05 trillion on Tuesday, over $92.65 million has been liquidated in the past 24 hours. Crypto traders […]

The Securities and Exchange Commission (SEC) of the United States intends to prosecute Paxos, the company behind the Pax Dollar (USDP) and Binance USD (BUSD) tokens, over the latter stablecoin.  After learning of the SEC’s plans, Paxos declared it would stop producing new BUSD tokens. According to a representative for […]

Digital asset platform Bakkt has announced its plans to shift its focus to B2B technology solutions. The company said it will soon be sunsetting its consumer-facing app, which was designed to give users the ability to utilize their digital assets in different ways. The app, launched in March 2021, offered […]

Cardano is about to launch the SECP upgrade. The upgrade is scheduled for February 14th. The hype around the upgrade comes simultaneously when the network registers a rise in development activity. GitHub development activity on Cardano is surpassing many other leading blockchain networks. As shared on Twitter, data from GitHub […]

Following efforts to consolidate its spot as Europe’s largest crypto-friendly neo-bank, Revolut recently launched a cryptocurrency staking feature on its app. Kicking off with Cardano, Tezos – and much later to join – Ethereum and Polkadot, Revolut is looking to tap into growing crypto interest among its nearly 25 million […]

Late last week, Paul Grewal, Chief Legal Officer at Coinbase, shared his thoughts on the recent settlement between the U.S. Securities and Exchange Commission (SEC) and crypto exchange Kraken over the latter’s staking program. On 9 February 2023, the U.S. Securities and Exchange Commission (SEC) issued a press release about Kraken that […]

Following the Securities and Exchange Commission’s complaint against Ripple Labs, the XRP token’s developer, several cryptocurrency exchanges have delisted trading in the token this week. Trading in the XRP coin has been halted, according to exchanges and financial websites like Crypto.com, Coinbase, and OKCoin.  The case has undergone numerous developments […]