U.S. regulators like the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have established a joint statement warning banks all over the world about the alleged risks and problems that come with crypto trading. The Federal Reserve Feels Crypto Is Problematic These agencies say that banks need to take these risks seriously […]

The developers of UDPN describe it as equivalent to SWIFT. Some of the major banks expected to participate in the pilot phase include HSBC, Standard Chartered, and Deutsche Bank. A Chinese firm is developing a new payment system interoperable with stablecoins and CBDCs –  that acts as a link for central banks to transfer and swap regulated digital currencies – […]

Satoshi Nakamoto is the pseudonym used by the creator(s) of Bitcoin, whose true identity remains unknown. The name was used to author the original Bitcoin (BTC) white paper in 2008 and to create and deploy the first Bitcoin software in 2009. Nakamoto’s true identity has never been revealed, and they have remained an enigma in the world of cryptocurrency. They […]

The U.S. Securities and Exchange Commission (SEC) denied Grayscale’s application to convert its Grayscale Bitcoin Trust (GBTC) vehicle to a spot Bitcoin, and Grayscale has now chosen to sue the SEC in court. “We’ve filed a lawsuit against the SEC,” stated SEC Chairman Michael Sonnenshein.  There has been a new development with respect to this issue. Let’s explore.  Grayscale v […]

Crypto has tapped into various industries over the years to enable users with the unique ability to micro-monetize their actions. Play-to-earn gaming, along with earning from music streaming, has been the forerunner for this type of crypto integration.  On Jan 24. Fountain, a value-for-value podcasting platform, announced a new partnership with ZEBEDEE, a financial services company that helps monetize games and […]

A “temperature check” proposal to deploy the Uniswap v3 protocol to BNB Chain received overwhelming support from the Uniswap community on its governance forum. 80% of voters holding Uniswap’s UNI (UNI) governance token have voted in favor of deploying the third version of the decentralized exchange protocol on BNB Chain, a rival of the Ethereum network. In a proposal posted on Jan. […]

The policy decision-makers in the United Kingdom got split on whether the sale, marketing, and distribution of derivatives and exchange-traded notes (ETNs) tied with cryptocurrencies should be prohibited when it comes to retail investors. The Regulatory Policy Committee believes the measure, adopted in 2021, to be unjustified under current circumstances.  The prohibition, enacted by the chief British regulator, the Financial […]

Non-fungible tokens (NFTs) are becoming an increasingly popular solution to serving defendants in blockchain-based crimes that would otherwise be unreachable, according to crypto lawyers. The last year has seen an increase in litigation delivered over NFTs in cases where those accused of blockchain crime wereuncontactable through traditional methods of communication. In November 2022, the United States District Court for the […]