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Crypto

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15 Jun 23

US Fed chair hints at two more rate hikes while crypto suffers volatility

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The US Federal Reserve (Fed) chair Jerome Powell hinted at two more rate hikes expected to come this year. According to CNBC, the statement came after the Federal Open Market Committee (FOMC) decided to pause the consecutive rate boosts. The Fed […]

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15 Jun 23

#Hong Kong pushes HSBC and Standard Chartered to embrace crypto clients

Hong Kong pushes HSBC and Standard Chartered to embrace crypto clients The cryptocurrency industry continues to gain traction worldwide, and Hong Kong is set to solidify its position as a global cryptocurrency hub. In a groundbreaking move, the Hong Kong Monetary Authority (HKMA) has urged major banks, including HSBC and Standard Chartered, to onboard cryptocurrency […]

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14 Jun 23

Brazil authorizes its central bank to regulate crypto

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Brazilian President Luiz Inácio Lula da Silva has signed a new law empowering the country’s central bank to regulate and supervise cryptocurrency firms while ensuring that tokens that qualify as securities remain under the authority of the securities regulator. This development […]

Crypto industry body slams banking restrictions in Australia #1

14 Jun 23

Crypto industry body slams banking restrictions in Australia #1

Crypto industry body slams banking restrictions in Australia Amidst recent limitations imposed by Australian banks on cryptocurrency payments, key players within the blockchain industry are mobilizing to resist these constraints. Blockchain Australia, an industry organization, has voiced its opposition to the restrictions and expressed its determination to address the issue proactively with concrete data-driven strategies. […]

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14 Jun 23

Bankrupt crypto exchange Bittrex to enable withdrawals

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The US division of cryptocurrency exchange Bittrex is planning to begin client withdrawals on June 15 after a ruling by a Delaware bankruptcy court. After declaring bankruptcy in May, the United States government fought Bittrex’s efforts to restore customer access to […]

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13 Jun 23

Sygnum Singapore gets approval to offer crypto services

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Sygnum Singapore has successfully secured in-principle approval of its Major Payment Institution License (MPIL) application from the Monetary Authority of Singapore (MAS). The license enables the bank to offer its clients regulated crypto brokerage services. Sygnum Singapore, the Southeast Asian arm […]

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13 Jun 23

Crypto market recovers as SEC lawsuits’ heat falls

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The US Securities and Exchange Commission (SEC) took legal action against the crypto industry over the past week. However, data shows that the heat around the SEC lawsuits has fallen while the prices gain corrections. The regulator sued Binance and Coinbase […]

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13 Jun 23

why it is crucial for crypto

While the SEC states its mission is to protect investors, there are questions about its methods and motives. This piece unravels the SEC’s structure, balance sheet, and notable interactions with cryptocurrency entities, providing an insightful and comprehensive look at a complex issue. Disclosure: The views and opinions expressed here belong solely to the author and […]

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12 Jun 23

Blockstream CEO Adam Back responds to US crypto pressure

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Amid the mounting regulatory pressures on cryptocurrency exchanges, Blockstream CEO Adam Back highlights the inherent resilience and adaptability of the crypto industry, insisting that it will continually find ways to navigate and thrive despite these challenges. Adam Back, the CEO of […]

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12 Jun 23

Regulatory hurdles and market volatility worry crypto investors

In a recent video by Crypto Banter, notable crypto investor Ian Balina expressed apprehension about the future of cryptocurrency in the US, with the recent regulatory pressures considered a major concern. Balina, along with other key players in the industry, see this development as part of the disruptive evolution of a technology that challenges traditional […]

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