Nepal’s telecommunications regulator has ordered the country’sinternet service providers (ISPs) to block all cryptocurrency trading websites, threatening legal action against those that fail to comply. In a Jan. 8 notice, the Nepal Telecommunication Authority (NTA) ordered ISPs and email service providers to prevent access to “websites, apps or online networks” related to crypto. It stated that virtual currency transactions “are […]

Former FTX CEO Sam Bankman-Fried has pled not guilty to all criminal charges he’s facing, including wire fraud, securities fraud and violations of campaign finance laws. In total, the entrepreneur faces eight criminal counts, which could result in 115 years in prison should he be convicted. Meanwhile, Daniel Friedberg, the controversial lawyer who served as top compliance chief at FTX, […]

Bitcoin bulls managed to shake off December’s dust, decisively pushing past $17,000 for the first time in over three weeks. The world’s most traded cryptocurrency was trading at $17,348, up over 2.41% in the past 24 hours. Ethereum led in gains surging by over 4.55% in the same period to trade at $1,330 Monday noon. Other cryptocurrencies in the top […]

Investors across asset classes have been keeping a close watch on the United States Federal Reserve’s monetary policy because that sets the stage for a risk-on or a risk-off environment.  The strong rally in the U.S. stock markets on Jan. 6 and in cryptocurrencies over the weekend suggests that market observers anticipate the Fed to slow down its frantic pace […]

For most crypto firms, 2023 continues right from 2022, following the collapse of former crypto king Sam Bankman-Fried’s empire in November. In the past three months, layoffs in the sector have hit an all-time high as crypto prices drop to record lows. However, of most concern has been the rate at which major crypto lending firms have been declaring bankruptcy, […]

The last year proved to be another turbulent year for the crypto industry. From a lasting market downturn and exploits in decentralized finance (DeFi) to the FTX scandal, no area was left unscathed. For some, the happenings in the space proved unsustainable for business. The Metropolitan Bank Holding Corp, the holding company for New York-based Metropolitan Commercial Bank (MCB), announced […]

With just hours to go before the Flare ($FLR) token airdrop to eligible XRP holders (and the $FLR token getting listed), over 52 crypto exchanges have confirmed that they will be distributing $FLR tokens after Flare Network has completed the $FLR airdrop to exchanges. Flare Network is a decentralized platform for smart contracts that uses a new programming language called […]

While Bitcoin (BTC) ATMs were an afterthought to Satoshi Nakamoto’s vision of sound money, they are now considered one of the main pillars of Bitcoin’s mainstream adoption. However, the global Bitcoin ATM network, which used to add thousands of machines each month in 2021, recorded a net addition of just 94 Bitcoin ATMs over the past six months since July […]

The U.S. prosecutors are currently investigating the connection between Binance and American Hedge funds for possible violations of money-laundering rules and are under strict scrutiny by them. Subpoena had been sent to firms to discuss their communications and dealings with Binance. The firms remain anonymous as they chose to remain anonymous for the legal proceedings.  Subpoenas don’t mean that the […]