The PYUSD, PayPal’s new dollar-backed stablecoin, has soared over 70% in the last 30 days, according to data from popular crypto information platform CoinMarketCap. The recent growth has catapulted its market cap to a li
In a strategic move, the Singaporean cryptocurrency firm behind TerraUSD and Luna, Terraform Labs, filed for bankruptcy on January 21 in a Delaware bankruptcy court in a move intended to keep the embattled blockchain com
In a statement released on January 25, 2024, Swan Bitcoin, the Bitcoin-only financial services company announced its stealth Bitcoin mining arm that commenced operations last summer and has now mined over 750 BTC at a ca
Binance, the embattled cryptocurrency exchange, has faced yet another regulatory setback in the United States. The financial regulators in Florida and Alaska have reportedly denied requests from Binance.US, the firm’s Am
A new report from US litigation consulting firm Cornerstone Research has revealed a 53% increase in crypto-related enforcement actions from the SEC in 2023 compared to 2022, signaling a busy year for the regulator in the
Algorand’s blockchain innovation is driven by its native token, ALGO. With a fixed supply of 10 billion tokens, ALGO facilitates quick, cost-effective transactions. It’s used for staking, with rewarding APYs, and propels
Open interest, a crucial metric in the financial trading world, particularly in futures and options, represents the total number of active contracts for a specific asset at any given time. This differs from trading volum
Crypto vesting, a mechanism pivotal to the world of cryptocurrency, involves the allocation of coins or tokens to stakeholders with a predefined lock-in period before their full accessibility or transferability. This mec
The Bank of England (BoE) published a joint response with His Majesty’s Treasury to its earlier consultation paper about its proposed central bank digital currency (CBDC). The detailed response published on Thursday, Jan
Weeks after a District Court ruling blocking the extradition of two Estonian citizens to the United States, the Estonian government has overturned it, approving the extradition of the suspected cryptocurrency fraudsters
A January 25 customer advisory from the Commodity Futures and Trading Commission (CFTC) Office of Customer Education and Outreach warned the public against cryptocurrency scams promising to turn unrealistic profits using
On January 24, 2024, the Financial Sector Conductor Authority (FCSA), the South African top financial regulatory body, announced that the decision on the 50 pending licenses for crypto asset service providers (CASPs) wil
Nexo, a popular crypto lending platform, recently submitted an arbitration claim against the Republic of Bulgaria at the International Centre for Settlement of Investment Disputes (ICSID), alleging monetary losses and ha
Taurus, a fintech firm backed by Deutsche Bank, has received the required regulatory nod from the Swiss Financial Market Supervisory Authority (FINMA) to offer tokenized securities to retail investors. The firm can now p
Judge Edgardo Ramos of the US District Court for the Southern District of New York, in a January 25, 2024, judgment, sentenced Mark Scott, the lawyer responsible for laundering $400 million for the OneCoin scam, to ten y
In a landmark achievement for Bitcoin education, the Cornell University College of Arts and Sciences has officially approved the first Bitcoin major for former CogSci student Ella Hough through its College Scholar Progra
Leading multinational asset manager and investment company BlackRock has suffered a minor setback on its spot Ethereum ETF application, as the United States Securities and Exchange Commission (SEC) delayed its decision o
According to a January 24, 2024 statement, Dr. Craig Steven Wright recently proposed a non-negotiable settlement offer that relinquishes many of the rights he would have enjoyed as Satoshi Nakamoto in exchange for implic
A judge denied the December 22, 2023, request of Changpeng Zhao, the Embattled Binance founder and former CEO (CZ), to travel to the United Arab Emirates (UAE) despite his multi-billion-dollar collateral pledge to guaran
Tesla Inc., led by Elon Musk, has revealed in its 2023 Q4 financial report a lack of Bitcoin transaction activities. This absence indicates that the electric vehicle giant has retained its Bitcoin holdings, maintaining a
The U.S. government, seizing $117 million in Bitcoin from the Silk Road crackdown, announces an upcoming auction of the cryptocurrency, marking a significant stride in combating dark web crime. This event targets the sub
The Internal Revenue Service (IRS) of the United States released a statement dated January 22, 2024, reminding all taxpayers that they must answer a question about their digital assets-related income when filing their 20
The Financial Industry Regulatory Authority (FINRA), in a report dated January 23, 2024, released the results of a targeted exam from November 2022, indicating that around 70% of the 500 communications related to crypto
The Bank for International Settlements (BIS) has released its list of priorities for 2024, and research about the privacy of payments in retail Central Bank Digital Currencies (CBDCs) is at the forefront of its plans for
