US House Republican committees introduce joint digital assets bill
A bill to create a regulatory framework for digital assets has been introduced by Republican members of the Agriculture and Financial Services Committees of the...
Galaxy Digital CEO: ‘I’m more comfortable being long Bitcoin today’
Michael Novogratz puts Bitcoin and Gold in the same bucket. Wolfe Research strategist reiterated his bullish view on BTC. Bitcoin is currently up 80% versus...
FTX sues over investments, donations made by charity arm to life sciences companies
FTX’s efforts to claw back customer funds are continuing. Alameda Research and FTX filed suit on July 19 seeking the return of $71.6 million in...
Federal Reserve launches ‘FedNow’ instant payment system
The newly launched FedNow Service aims to empower banks and credit unions. FedNow will allow for the execution of transactions 24/7 365 days a year....
Binance Labs invests $10M in DeFi protocol Radiant Capital
Binance Labs’ strategic investment in Radiant Capital will help the DeFi protocol expands its product to more EVM chains. The price of Radiant’s native token...
UK financial watchdog announces launch of permanent Digital Sandbox in August
The United Kingdom’s Financial Conduct Authority (FCA) has announced the launch of its Digital Sandbox, aimed at supporting tech firms in the early stages of...
Kuwait bans all crypto activities including mining
After the July 19 circular, it is illegal to engage in any cryptocurrency activities in Kuwait. Kuwait has joined Thailand, Indonesia, and Turkey to ban...
UK’s FCA launches a permanent digital sandbox
Key takeaways UK’s financial regulator launches a digital sandbox The U.K. Financial Conduct Authority (FCA) announced on Thursday, July 20th, that it will launch a...
Binance report shows crypto industry in good health in 2023
Key takeways The crypto industry experienced growth across Bitcoin and other L1s, L2s, stablecoins, DeFi, and NFTs. Bitcoin network growth included trading volume, transaction count,...
US law protects institutions and exposes retail investors — Rep. Torres
On July 13, 2023, United States District Court Judge Analisa Torres ruled that Ripple’s XRP (XRP) token should not be considered a security when sold...