Mon, December 22

CFTC Labels Bitcoin and Ethereum as Commodities in Binance Lawsuit

U.S. officials have accused Binance, the biggest cryptocurrency exchange in the world, of breaking the law in an attempt to step up their crackdown on the cryptocurrency industry. The cryptocurrency sector has been quick to focus on the CFTC’s designation of cryptocurrencies like Bitcoin, Ethereum, and Litecoin as commodities. One

March 28, 2023 1 min read

Bitcoin (BTC) Outperforms the Global Crypto Market

The largest cryptocurrency market player, Bitcoin (BTC), started to outperform the market as a result of the failure of major banks like Silicon Valley Bank and Credit Suisse, which affected confidence in traditional financial institutions. Also, Bitcoin’s double-digit surge this year has surprised the crypto community.   BTC began mid-March with

March 27, 2023 2 mins read

U.S. DOJ Captures 18 Fraudulent Crypto ATMs

The U.S. Department Of Justice (DOJ) proclaimed that law enforcement had seized 18 crypto ATMs in Texas and Oklahoma. These ATMs were obtained from the SBA fraudulent loans which got harmed by the COVID-19 pandemic. And they were accustomed to buying bitcoin from the New York-based cryptocurrency exchange. For this

March 27, 2023 1 min read

Japanese Tech Giant Fujitsu Files Crypto-Related Trademark With USPTO

Fujitsu, a major Japanese technology company, has applied for a trademark with the US Patent and Trademark Office (USPTO). Indicating its intention to provide cryptocurrency trading brokerage services, among other crypto and non-crypto financial facilities. According to the March 16 trademark application submitted by Fujitsu. The company is seeking registration

March 26, 2023 1 min read

Fed Reserve Cites Crypto Links in Denying Custodia Bank Membership

In an 86-page report published on March 24. The United States Federal Reserve explained why it had rejected Custodia Bank’s membership application back in January. Among them, the bank’s crypto-related activities also finds a place. The report claims that the Fed’s board has expressed concerns about banks with business strategies

March 26, 2023 2 mins read

Will Bitcoin Gain Bullish Momentum Again?

After the continuous collapse in the banking sector, Bitcoin (BTC) had a sudden bullish and reached the trading price of $28,000. BTC has risen about 22% this month and more than 65% since January 1.  While the current growth of Bitcoin is impressive, it still marked by extreme volatility is

March 25, 2023 1 min read

Venezuela Crypto Regulator Continues Crackdown Amid Reorganization

There seems to be nothing but negative news for the Venezuelan crypto sector. Especially since Superintendent of Cryptoassets Joselit Ramirez was arrested. And President Nicolas Maduro ordered a reorganization of the country’s crypto regulatory body. In a recent development, Venezuela’s National Superintendency of Cryptoassets “Sunacrip”—the country’s crypto regulator—ordered the shutdown

March 25, 2023 2 mins read

Crypto Custody Services by Nasdaq To Be Launched in Q2 This Year

Nasdaq, the exchange company, is stepping in to fill the void left by the recent failures of other crypto intermediaries. Earlier in 2022, in September, it was revealed by that Nasdaq Inc. was planning to provide its own cryptocurrency custody services. The most current information indicates that the rollout of

March 24, 2023 1 min read

El Salvador President Proposes Zero Taxation on Technology Innovations

El Salvador is obviously focused on technological improvements as the rest of the globe contends with banking and other economic issues. Consequently, President Nayib Bukele intends to do away with all taxation related to technological development. Income, property, and capital gains taxes, as well as tariffs on imported goods on

March 24, 2023 1 min read

Cathie Wood Led Ark Invest Buys Block Inc Shares Amid 15% Price Plunge

On Thursday, March 23, in the wake of the short seller report by Hindenburg Research, Block Inc. (NYSE: SQ) stock was bought in large quantities by Ark Investments founder and CEO Cathie Wood. The prices of the stock fell 15% amid the recent Hindenburg report on Jack Dorsey-led Block. Ark

March 24, 2023 2 mins read
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