Texas proof-of-reserve bill passes through the Senate
The legislation that could oblige exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers” made it one step closer to...
Crypto should become a regular part of TradFi within 5-10 years: Exchange CEO
Crypto needs to establish itself as a “brand new” component of traditional finance, rather than try to squeeze itself into existing financial products, suggests the...
Australian exchanges dispel debanking fears amid Binance saga, but risks loom
Australian-based cryptocurrency exchanges have lined up to quash contagion fears after the payments provider for Binance Australia was told to offboard the exchange, though some...
Stablecoin issuers have spent over $1.3M lobbying Congress since 2022
Stablecoin issuers including Tether, Circle, and others have spent well over a million dollars lobbying lawmakers on Capitol Hill since the start of 2022, according...
Blockchain arms race risks being won by ‘adversarial nations’ — US crypto lobby group
A blockchain lobbying group backed by the likes of Goldman Sachs, Citi Group, Circle, and Fidelity has urged the United States Congress to pass a...
Coin Cafe to repay $4.3M in fees that ‘wiped out’ investors’ Bitcoin accounts
Cryptocurrency trading platform Coin Cafe has been ordered to repay $4.3 million to its users after allegedly charging “exorbitant and undisclosed fees" for storing Bitcoin...
FTX pursues $244M clawback from ‘wildly inflated’ Embed acquisition deal
FTX’s leadership is looking to claw back more than $240 million from insiders and executives that benefited from FTX's "wildly inflated" acquisition of stock-clearing platform...
Ripple, Visa join HK CBDC pilot, Huobi accusations, GameFi token up 300%: Asia Express
Hong Kong partners with 16 companies to build CBDCs On May 18, the Hong Kong Monetary Authority (HKMA) announced the launch of the cyber Hong...
Coinbase’s zero-fee subscription service out of beta and expanded outside the US
Coinbase has rolled out a new subscription service called Coinbase One. The service will give members access to $0 trading fees among other benefits. The...
Bitcoin Miami panel rejects ‘fight’ rhetoric against regulators
A trio of speakers in attendance at Industry Day, May 18, during the Bitcoin 2023 event in Miami held a discussion on government regulation and...