Mon, November 25

Coinbase Updated Q4 Revenue, Transaction Volume Continues to Drop

Cryptocurrency exchange Coinbase outpaced revenue forecasts for the fourth quarter of 2022. Its transaction volume continued to drop. A year after Coinbase made $840 million in net profits during the height of cryptocurrency growth. And the company reported a $557 million net loss. As per reports, for the fourth quarter,

February 22, 2023 1 min read

US Federal Reserve on Bitcoin’s Response To Monetary News

On Wednesday, US Federal Reserve Bank of New York released a 31-page report titled “The Bitcoin – Macro Disconnect”, compiling the findings of the impact of macroeconomic news on Bitcoin and other asset classes. Significantly, the findings of the analysis pushed the United State’s central bank into a perplexed state. 

February 9, 2023 2 mins read

CFTC’s Commissioner Seeks to Expand Powers Over Crypto Firms

The Commodity Futures Trading Commission (CFTC) of the United States is advising lawmakers to grant regulators the authority to examine the books of any firm seeking to acquire a significant interest in any registered market player. Commissioner Kristin Johnson has proposed that Congress pass legislation to close the current oversight

January 27, 2023 2 mins read

FHLB Led Billions of Dollars to the Most Prominent Crypto Banks

The  Federal Home Loan Banks System (FHLB) of the United States is financing billions of dollars to two of the biggest cryptocurrency banks to lessen the impact of a spike in withdrawals. The FHLB is an association of 11 regional banks from different parts of the country. And that lend

January 24, 2023 2 mins read

China Blames America for Crippling Other Nations

China blames the United States for crippling other nations with their debt. With a soaring $31.5 trillion debt – the new all-time high statutory debt ceiling, the United States is at the epicenter of accusations. One among those is China’s blast off against the US for “sabotaging” other nations’ measures.

January 24, 2023 1 min read

New Hampshire’s Crypto Commission Releases Its Final Report

On January 19, New Hampshire Governor Chris Sununu announced the release of the Governor’s Commission’s final report on cryptocurrencies and digital assets. The “comprehensive” and “timely” crypto report compiled the Commission’s findings and recommendations on the progress of blockchain technologies and the state’s legal stance. In the report, the Commission

January 20, 2023 2 mins read

Ripple CEO Says the SEC Lawsuit Will Be Resolved Soon

The US Securities and Exchange Commission filed a long-term action against Ripple in 2020. That contends the firm and its officials issued XRP cryptocurrency to investors without first registering it as a security. The series of hearings are already underway, and Ripple CEO Brad Garlinghuse has claimed that the disagreement

January 19, 2023 2 mins read

US House of Representatives to Strengthen Their Oversight in Crypto Sector

According to reports, Republicans in the US House of Representatives propose to form a new subcommittee. This is to strengthen their control of the cryptocurrency sector. In an interview on Thursday, incoming Financial Services Chair Patrick McHenry, who has long focused on financial technology issues, asserted that he intends to

January 13, 2023 1 min read

LBRY Filed a Motion to Restrict the SEC’s Remedies

In this complaint, LBRY has filed a Motion for Expedited Consideration of an Oral Argument in Aid of its Motion to Limit the SEC’s Remedies. They also mention the court proceeding in the United States District Court for the District of New Hampshire. #XRPCommunity #SECGov v. #Ripple #XRP #LBRY In

December 23, 2022 2 mins read

FTX Executives Ellison and Wang Were Accused by SEC

U.S. Attorney Damian Williams said on December 21 that FTX Co-founder and former CTO Gary Wang and former Alameda Research CEO Caroline Ellison. And they have pleaded guilty to charges related to the collapse. And both are collaborating with the law, according to Williams. The SEC stated in a separate

December 22, 2022 2 mins read