A United States judge has ruled against Custodia Bank’s claim to membership and a master account with the Federal Reserve. The digital asset bank had initially sued the Fed in 2022 for delaying a decision on whether or not to grant the bank a master account. Interestingly, the Federal Reserve rejected the bank’s membership and […]
A Texas-based crypto company, Lejilex, along with the Crypto Freedom Alliance of Texas (CFAT), has filed a lawsuit against the US Securities and Exchange Commission (SEC), alleging ‘regulatory overreach’ and seeking ‘clarity on the classification of digital assets.’ The lawsuit, filed in a federal court in Fort Worth, contends that the SEC’s “jurisdiction over the […]
The allure of play-to-earn and in-game ownership fueled a recent boom in blockchain games, but a new report casts a chilling light on the sector’s sustainability. Out of 1,318 blockchain-based games launched since 2021, a staggering 407, over 30%, have already been discontinued or abandoned. This stark statistic, compiled by BlockchainGamer.biz, paints a picture of […]
In a watershed moment for the cryptocurrency world, the US Securities and Exchange Commission (SEC) on Wednesday greenlit the first-ever spot Bitcoin ETF, granting investors direct access to the world’s largest digital asset through regulated financial instruments. However, the SEC’s approval was delivered with a dose of caution, highlighting the agency’s continued concerns about the […]
Pro-XRP legal John Deaton recently voiced his concerns about someone he revealed as the biggest threat to crypto in the US. This time around, it wasn’t Gary Gensler he was referring to, as he noted that the SEC Chair answers to this person. Warren The “Biggest Threat” To Crypto In The US In a post […]
Hacks and thefts are some of the drawbacks that come from the wider advantages of the crypto industry, due to the anonymity of crypto transactions. According to a new report, state-sponsored hackers from North Korea have stolen around $3 billion in digital currency since 2017, with approximately 44% of stolen cryptocurrency in 2022 traced to […]
In the realm of digital assets, the Monetary Authority of Singapore (MAS) is forging an unprecedented alliance with esteemed financial regulatory bodies from around the world, including the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA), and the UK Financial Conduct Authority (FCA). Their collective mission is to spearhead a […]
A recent study has revealed that the cryptocurrency markets in the United States and Europe remain remarkably robust and are making significant progress, despite facing intense scrutiny and uncertainty in the US market. According to research conducted by Coalition Greenwich and Amberdata, asset managers and hedge funds are increasingly exuding optimism and fervor when it […]