There are rumors circulating that Ripple Labs Inc., the U.S.-based technology company that builds XRP infrastructure, may soon settle with the U.S. Securities and Exchange Commission (SEC). There is hardly an example of how many unsettled legal questions surround crypto as this c
Like any good Bitcoin maximalist, Tether is holding its own coins. The issuer of the largest stablecoin, USDT, disclosed that information in a recent blog post announcing it will be “regularly” buying bitcoin with its surplus profits to build up a war chest. This foll
On Capitol Hill, Senator Elizabeth Warren (D-MA) and Senator Roger Marshall (R-KS), are pushing legislation that purports to close loopholes bad actors may exploit to launder money through crypto assets. But what the legislation – the so-called Digital Asset Anti-Money Laun
In February, the SEC proposed dramatic changes to a bedrock law governing the custody of assets. The original rule, Custody Rule 206(4)-2, was adopted by the SEC in 1962 which mainly focused on physical custody of client assets – stock and bond certificates – saying t
The non-fungible token (NFT) market is evolving, and measuring its success depends on which metrics you're looking at.According to a new report released by DappRadar on Thursday, NFT trading volume for the month of May has reached $333 million so far, putting it on track to fall
The House of Commons Treasury Committee’s opposition to the government’s plans to regulate crypto like a financial service has generated an instant backlash from the industry – and lawmakers’ views, though non-binding, may represent an extra bump in the ro
There is a quietly emerging consensus among key stakeholders regarding one area of crypto regulatory policy – payment stablecoins. On Thursday, the House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology and Inclusion, will hold anoth
U.S. lawmakers are currently locked in a passionate, high-stakes and entirely ridiculous battle over a strange quirk of U.S. law known as the “debt ceiling.” Since 1917, the U.S. budget appropriations process has separated the actual budget – which members of Co
The state-level campaign against a U.S. digital dollar made its first foray into established law with Governor Ron DeSantis’ signature on Florida’s effort to block the use of virtual government-backed money in business transactions.But the Florida governor’s rhe
PARIS, France – Crypto companies fleeing U.S. regulatory uncertainty have been offered a welcome in France, by officials boasting a regulatory framework that offers relative predictability.The European Union member already boasts around 74 registered crypto companies &ndash
Crypto companies' applications to operate in Hong Kong following its push to reinstate itself as a crypto hub have been piling up, but these companies are finding it difficult to do something as basic as open a bank account.Applicants told CoinDesk that just eight officers at the
Regardless of where you stand on Bitcoin, one thing is certain: Bitcoin is spurring innovation that will lift multiple industries out of their current status quo, not just the financial sector. From healthcare to energy, ancillary innovation and ingenuity coming from the bitcoin
Scammers have stolen millions in crypto pretending to be HitBTC, a little known crypto exchange founded in 2013, the team of MistTrack crypto compliance platform said in a tweet Monday morning. MistTrack belongs to the SlowMist company, which is focused on cybersecurity in crypto
With BlackRock touting tokenization as a paradigm shift for the economy, Siemens unveiling its first digital bond, and HSBC bolstering its ranks in prep for greater interest, the tokenization market is red hot.
All eyes are on electric vehicles.The Biden administration last month announced a historic overhaul to ramp up adoption of EVs. Under new regulations put forth by the Environmental Protection Agency (EPA), at least 54% of all new vehicles made in the United States must be electri
Ethereum and Bitcoin are two of the most popular cryptocurrencies on the market today. Learn about their pros and cons to choose the right investment for you.
This week saw the charging and arrest of George Santos, the comically inventive Long Island Congressman. Almost unbelievably, Santos is connected to another apparently inveterate liar: Sam Bankman-Fried, the multiply-indicted founder and former CEO of collapsed crypto exchange FT