President Joe Biden had ordered government agencies to assess cryptos’ pros and cons. A digital dollar might pave the way for a payment system as per the framework. With widespread cryptocurrency use on the increase, officials have been keeping a close watch on the industry. For example, SEC Chair Gary
The modern consumer has a deep interest in crypto-based financial dealings. As a result of the collaboration, stores will be able to take several cryptocurrencies. BigCommerce, a Nasdaq-listed e-commerce platform, has revealed a new collaboration meant to strengthen and broaden the company’s crypto ecosystem. It has formed a partnership with
The arrest of the criminal was noted on the website of the Dutch police force. This person is suspected of using a malicious Electrum wallet software update. Central Netherlands cybercrime officers have detained a 39-year-old man from Veenendaal on allegations of laundering tens of millions of euros via fraudulent use
A rural electric utility company, a children’s hospital, and others are among the sanctions. The suspected attackers and their firms have been added to OFAC’s sanctions list. A ransomware gang linked to Iran’s Islamic Revolutionary Guard Corps (IRGC) has been sanctioned by the United States Treasury’s Office of Foreign Assets
The Securities and Exchange Commission (SEC) of Thailand is launching additional procedures concerning the operations of crypto operators as the cryptocurrency industry develops. According to reports, the Thai SEC is aiming to limit or prevent crypto operators from providing digital asset depository services and from paying out profits on customers’
HashKey Capital Limited’s Type 9 asset management license was recently upgraded. The corporation has made clear its intention to work with financial authorities. Investment firm HashKey Capital Limited, part of the HashKey Group, was recently granted permission by Hong Kong’s Securities and Futures Commission (SFC). In order to oversee a
The wallets developed under the OWF banner are supposed to be flexible. The Foundation backs several open source projects, including Linux, Kubernetes, etc. A new collaborative effort to produce open source software to facilitate interoperability for a broad variety of wallet use cases was launched by the Linux Foundation, and
BitGo, a digital asset custodian, has launched a lawsuit against Galaxy Digital, a cryptocurrency investment business, seeking more than $100 million in damages after Galaxy’s decision to back out of an acquisition deal. BitGo tweeted early this morning that it had filed the lawsuit late Monday. When Galaxy Digital terminated
For the cryptocurrency market, poor CPI data is bad news. Bitcoin is now trading at $20,825, down from above $22k. Recently, the CPI was revealed. The Consumer Price Index shows a YoY rise of 8.3% and an MoM change of 0.1%. The cryptocurrency market expected much higher volumes. It was
Abra Bank will debut in 2023 as the first licensed US bank as per the platform. Abra will also debut a new product called Abra Boost. Abra, a cryptocurrency exchange headquartered out of California, has announced that it would establish two banks: Abra Bank and Abra International. Customers and companies
