Bitcoin Jumped a Bit Following Easing of Recession Fears

Bitcoin – along with several other leading digital currencies like Ethereum, Cardano, and Solana – rose quite a bit in recent weeks and was trading for just over $24,000. Many analysts assumed that $25,000 was right around the corner. Bitcoin Has Jumped a Few Thousand Bucks There appear to be several reasons as to why bitcoin suddenly surged, a big […]

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Zipmex requests meetings with Thai regulators to discuss ‘recovery plan’

Asian crypto exchange Zipmex has requested meetings with Thailand’s Securities Exchange Commission (SEC) and other regulators to discuss the firm’s “recovery plan.” In a statement on Aug. 25, Zipmex said it had submitted a letter requesting meetings with the securities regulator, which will also be attended by the firm’s potential investors. “We have requested meetings with Thailand’s Securities Exchange Commission […]

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Cardano's Hoskinson Slams The US Treasury For Banning Tornado Cash

The US Treasury’s recent ban on notorious virtual currency mixer Tornado Cash has sparked a heated debate in the crypto sphere, with most crypto users- more so software developers- expressing their outrage against the move. Earlier this month, the US treasury sanctioned the Ethereum-based protocol and placed Ethereum addresses linked to it on the OFAC SDN list. Whereas that caused […]

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Coinbase, whose CEO called most politics a 'distraction', launches voter registration tool

Coinbase, a crypto exchange whose CEO previously said it doesn’t “advocate for any particular causes or candidates internally that are unrelated to our mission,” has launched a voter registration portal as part of a crypto policy education initiative. In a Thursday blog post, Coinbase chief policy officer Faryar Shirzad said the crypto exchange will offer users the opportunity to register […]

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Binance gives security assurances in Philippine senate banking committee hearing

Binance representatives participated in a hearing of the Philippine Senate Banking Committee, according to a report in the local press Wednesday. Bangko Sentral ng Pilipinas deputy governor Chuchi Fonacier, the country’s Security Exchange Commission (SEC) chair Emilio Aquino, and members of FinTech Alliance Philippines and the Cagayan Economic Zone Authority also took part in that hearing. The hearing was devoted […]

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Amendments to US commercial code differentiate crypto and ‘electronic money’

A joint committee of the United States’s Uniform Law Commission (ULC) and the American Law Institute (ALI) finalized amendments to the Uniform Commercial Code (UCC), regulating the specifics of digital asset transactions and crypto-as-collateral secured financings.  The amendments are “recommended for enactment in all the States,” although each case of final implementation may vary depending on the State.  A final […]

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