PayPal expands cryptocurrencies operations to Luxembourg
PayPal has announced that it is expanding its cryptocurrency operations to Luxembourg despite the ongoing crypto winter which is projected to extend to 2023 after...
Hong Kong to subject crypto exchanges to the same laws governing TradFi
Hong Kong’s legislative council has passed a new amendment to its Anti-Money Laundering (AML) and terrorist financing system to include virtual asset service providers.The latest...
Stablecoin framework is a near-term priority for Aussie regulators
Australian financial regulators are “working on options” for incorporating payment stablecoins into the regulatory framework for stored-value facilities. Such incorporation would be a part of...
The Gnosis Merge schedules for today as the blockchain migrates to Proof of Stake
Gnosis follows the footsteps of Ethereum in migrating to a Proof of Stake (PoS) protocol. Gnosis is migrating from a Proof of Authority mechanism to...
FTX’s Bankman-Fried to face market manipulation probe, Do Kwon chimes in
United States federal prosecutors have reportedly begun investigating whether the collapse of the Terra ecosystem was in fact triggered by market manipulation tactics by former...
US regulator to seek feedback on DeFi’s impact on financial crime
A United States financial regulator is looking to gain feedback from the banking industry about how decentralized finance (DeFi) may affect the bureau's efforts to...
Coinbase FY2022 revenue to be less than half of FY2021 revenue, says Brian Armstrong
CEO Brian Armstrong said Coinbase’s revenue for 2022 will plunge by 50% as the bear market continues. Coinbase’s shares are down by roughly 80% since...
Crypto lender Genesis has no solution yet for withdrawal halts
Crypto lending platform Genesis has informed its customers that its withdrawal freeze is likely to last “additional weeks” amid efforts to stave off a potential...
Class action against Kim K, Mayweather over EMAX dismissed… for now
A federal judge in California has dismissed a class action lawsuit against reality TV star Kim Kardashian, boxing champ Floyd Mayweather and the founders of...
SBF subpoena is ‘definitely on the table,’ says Rep. Maxine Waters
The United States House Financial Services Committee Chair Maxine Waters said a subpoena is "definitely on the table" for former FTX CEO Sam Bankman-Fried, who...