News Archive

Congress Introduces A Game-Changing Crypto Bill

The crypto market has been in a downtrend since the beginning of the year, with the price of bitcoin, ethereum, BNB, solana, cardano, and XRP losing more than 50% of their value from their all-time highs. However, there is a major development on Capitol Hill that could turn cryptocurrency prices around. On Tuesday, two U.S….

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SEC sues Binance and CEO Zhao

The Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, the world’s largest crypto exchange, its CEO Changpeng Zhao, and its U.S.-based affiliates, BAM Trading and BAM Management, for allegedly lying to regulators and investors about their operations and offerings. The SEC accuses Binance and Zhao of operating unregistered national securities exchanges, broker-dealers,…

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Secret Democratic Plan For A Game-Changing U.S. Crypto Crackdown

The U.S. government has been accused of waging a secret war against the cryptocurrency industry, with some fearing that it could destroy all value of bitcoin, ethereum and other major cryptocurrencies. A leaked memo circulated to Democrat House financial services committee members has revealed the “key messages” lawmakers were told to stick to that could…

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Binance prefers UK to US for crypto regulation: Why and how?

Binance, the world’s largest cryptocurrency exchange by trading volume, has recently expressed its preference for the UK over the US as a destination for crypto regulation. The exchange, which has faced regulatory scrutiny and challenges in several countries, including Japan, Germany and the US, has said that it sees the UK as a more favourable…

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Bittrex going bankrupt: What happened and what does it mean for crypto?

Bittrex, one of the oldest and most popular crypto exchanges in the US, has filed for bankruptcy protection after being sued by the SEC for operating an unregistered securities exchange. The move has shocked the crypto community and raised questions about the future of crypto regulation and innovation in the US. Here are some key…

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Mastercard announces new blockchain standards

Mastercard, one of the leading global payments firms, has announced a new program to establish common standards and infrastructure for blockchain and Web3 ecosystems. The program, called Mastercard Crypto Credential, aims to enhance trust, compliance and verification among consumers and businesses using blockchain networks. What is Mastercard Crypto Credential?Mastercard Crypto Credential is a set of…

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Hong Kong requires banks to open accounts for crypto companies

Hong Kong is taking steps to become a leading cryptocurrency center by encouraging banks to provide services to licensed virtual-asset firms. This move contrasts with the growing skepticism and regulation of the digital-asset sector in other parts of the world, especially in the US. According to a statement issued by the Hong Kong Monetary Authority…

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Coinbase Sues SEC to Demand Crypto Regulatory Clarity

Coinbase, the largest cryptocurrency exchange in the U.S., has filed a lawsuit against the Securities and Exchange Commission (SEC), seeking to force the regulator to respond to its petition for clearer crypto regulations. The petition, which was submitted in July 2022, asked the SEC to propose and adopt rules for digital asset securities, and to…

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Binance.US Abandons $1.3 Billion Deal to Buy Voyager Digital Assets

Binance.US, the U.S. affiliate of the global cryptocurrency exchange Binance, has backed out of its $1.3 billion deal to buy the assets of Voyager Digital, a Canadian crypto broker that filed for bankruptcy in July 2021. The deal, which was announced in September 2021, was supposed to close by the end of March 2023, but…

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Hong Kong Court Recognizes Cryptocurrencies as Property

In a landmark ruling, a Hong Kong court has recognized cryptocurrencies as property that can be held in trust. The decision was made in a case involving the defunct crypto exchange Gatecoin, which collapsed in 2019. Gatecoin was ordered to cease operations and undergo liquidation after losing money in a dispute with a payment service…

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