Before the US market could recover completely from the bank collapse, another major bank crisis occurred in the US. After the continuous collapse of Silicon Valley Bank and Signature Bank, the shares of First Republic Bank dropped to their lowest level after losing half of their value. The stock price
Amid the anticipation of India unveiling its crypto regulatory framework, the seizure of numerous Binance P2P-linked bank accounts triggered a noisy shockwave in the community. A netizen from the community posted a tweet thread to publicize the seizing of her bank account and her subsequent communication with the Cyber Crime.
Kevin O’Leary, the Canadian businessman known as Mr. Wonderful, stated that no new money is coming into Bitcoin and crypto from institutions until there’s regulation. In an interview with YouTuber Kevin, O’Leary stated that Bitcoin is locked in purgatory and has been trading between $17,000 and $30,000 for a long
Crypto exchange Coinbase initiated a solid move against the U.S. Securities and Exchange Commission (SEC). On Monday, the exchange sued SEC, urging the court to compel the regulator to respond to its rulemaking petition. Paul Grewal, Chief Legal Officer at Coinbase, tweeted: “The SEC is required by law to respond
On Thursday, the Texas House Representatives passed a bill requiring crypto exchanges to provide proof of reserves. A Republican state representative, Giovanni Capliglione, filed HB 1666. The bill is expected to rebuild trust in the crypto market. And also, the bill would bring some major regulations to the crypto market.
According to recent reports from the Brazilian newspaper Valor Econômico, the Brazilian authorities are investigating Binance. However, Binance has been in the spotlight lately due to regulatory concerns in several countries. The company has been accused of not complying with local regulations. BREAKING: Crypto exchange #Binance under investigation by Federal
Coinbase, a leading crypto exchange, is expanding its presence and is making potential progress toward that goal. Derivative exchanges of the largest US exchange are expected to open worldwide in the coming weeks. Following the exchange’s approach, “go broad and go deep”, the firm has collaborated with various countries internationally,
The New York State Department of Financial Services (NYDFS) has implemented a new regulation. That empowers the government agency to collect supervisory fees from licensed cryptocurrency firms operating within the state. This means that the agency now has the authority to obtain the necessary funds to oversee and regulate the
India’s Finance Minister, Nirmala Sitharaman, raised concerns about the potential for crypto assets to cause “macroeconomic instability” at a press conference after her meeting with the G20 finance ministers and central bank governors. Speaking at the conference, Sitharaman emphasized: “There is a greater acceptance among all G20 members that any
Decentralized Finance (DeFi) has been making waves in the financial world as a revolutionary technology. That allows peer-to-peer value transfer on blockchains without intermediaries. However, concerns have raised about the risks associated with DeFi, including money laundering and terrorism financing. According to recent reports, the US Treasury Department released a
