Circle CEO Rates Yuan-Based Stablecoins Over Proposed Chinese CBDC
Brenda CollinsChina is arguably at the forefront of Central Bank Digital currency development as reports showed that the country has been…
Standard Chartered Bank Forecasts BTC To Reach $50,000 In 2023
By the end of 2023, Standard Chartered Bank, a reputable financial organization with over $800 billion in assets, predicts that…
Cryptocurrency Is Liberating Africa: CEO Of Yellow Card Crypto Exchange
The CEO of Yellow Card, Chris Maurice, Claimed that cryptocurrency technology is immensely liberating African nations from the inefficiencies of…
FTX CEO Begins Talks with Interested Parties to Relaunch International Crypto Exchange
Hassan Mehmood (Saudi Arabia)FTX is a cryptocurrency exchange that has gone down in history as one of the most catastrophic financial events. However,…
Australian Treasury Warns Debanking Threatens Plunging Crypto Industry
Through the Treasury, the Australian government waded into the recent trend of financial institutions terminating banking services rendered to the…
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EU Agreement Seeks Crypto-Specific Regulations to Safeguard Traditional Financial System
The European Union (EU) realized a political agreement to amend the Capital Requirements Regulation and Directive in a resolution to…
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HSBC Joins Bitcoin ETF Trend, Launches Offering In Hong Kong
Traditional Finance (TradFi) interests in digital assets are booming daily, with several top players seeking to offer spot Bitcoin exchange-traded…
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BitGo Terminates Acquisition of Prime Trust as Users Suffer Frozen Withdrawals
The provider of crypto custodian services BitGo confirmed that it would terminate talks regarding acquiring rival Prime Trust. It marks…
State Commission Sued by BlockFi for Failing to Accept its Surrendered License
The insolvent crypto exchange intends to renounce its license. However, officials assert that BlockFi claims could be a costly court…
JP Morgan Calls For Urgent Crypto Rules To Avoid Crypto Industry Moving Offshore
The latest reports revealed that JP Morgan is calling on the US government to create a regulatory framework that would…
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JP Morgan Unveils Blockchain-Based Euro Payment Platform
JP Morgan Chase has joined other traditional finance heavyweights by expanding its blockchain payment platform, JPM Coin, to integrate Euro.…
Binance Secures Approval to Operate Regulated Exchange Platform in Kazakhstan
Binance has, in recent days, sought to increase its presence in the Asia Pacific region amid the regulatory uncertainty witnessed…
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Scrutiny of Tether’s Reserve Statements Reveal China Ties Backing USDT
The review of documents obtained by the attorney general's office in New York regarding the USDT reserve backing reveals a…
Texas State Regulator Allege Crypto-based Lender Abra Insolvent Since March
The Texas State Securities Board alleges that Abra has misled stakeholders over its solvency. The state regulator issued an immediate…
Hong Kong Government Encourages Local Banks To Receive Crypto Customers
According to the Financial Times on June 15, the HKMA (Hong Kong Monetary Authority) is urging major banks in Hong…
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Revolutionary Crypto Banking System Emerges Amid Regulatory Pressure
The crypto industry has been under increased regulatory scrutiny in recent months, with the collapse of Signature Bank and Silvergate…