Abra settles with SEC over unregistered securities charges

While China has waged war on domestic cryptocurrency trading activities since 2017, this year saw it tighten the screws as hype around crypto’s underlying blockchain technology renewed interest in digital assets. Below is a summary of China’s difficult relationship with crypto and how it has evolved in 2019.China does not like crypto tradingAs Cointelegraph reported…

Chainlink quietly unveils a grant program with the stated goal of making smart contracts “the dominant form of digital agreement”. Chainlink (LINK) introduced a new community grant program focused on making smart contracts “the dominant form of digital agreement”.Chainlink’s positive feedback loops. Source: Chainlink.Dominating digital agreementsThe grants will be awarded to projects that are “accelerating…

The proposal is led by DFS Superintendent Adrienne Harris who is looking for public feedback on the move as the regulator looks to gain further oversight controls. Own this piece of crypto history Collect this article as NFTThe New York State Department of Financial Services (DFS) has submitted a proposed change in state laws that…

Core Scientific sealed a $100 million deal with CoreWeave in March 2024 to provide data center services. Shares of Bitcoin miner Core Scientific (CORZ) fell 18% on March 6 after reports that Microsoft reduced its commitment to CoreWeave, Core Scientific’s partner. According to the report, CoreWeave missed deadlines and had issues delivering materials needed to

Major United States crypto exchange and wallet provider Coinbase is launching support for European Union residents to make fiat currency withdrawals to online payment system PayPal. The development was announced in an official blog post published on Feb. 5.As reported, Coinbase had first rolled out PayPal withdrawal support for U.S. users last month. The European…

An unnamed investor has filed a lawsuit against the Israeli Bank Hapoalim in the amount of approximately $22.5 million, on account of the bank allegedly refusing to accept deposits of profits earned via Bitcoin (BTC). Industry media outlet BlockTV discussed the lawsuit in a report on Aug. 9. According to the report, the complaint is being…

The U.S. Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo said in a speech Nov. 7, that technological advances, including Distributed Ledger Technology (DLT), could help regulators better oversee trading markets.Giancarlo delivered his speech titled “Quantitative Regulation:  Effective Market Regulation in a Digital Era” at the FinTech Week conference at Georgetown University Law School. The…

Even after the announcements of massive stimulus by the U.S. Federal Reserve, the ECB, and several other central banks, the equity markets are still struggling to launch a sharp recovery from the recent lows. This shows that traders are not confident that the equity markets have bottomed out and possibly investors are slowly losing hope…

Japanese bank holding and financial services company Mitsubishi UFJ Financial Group, Inc. (MUFG) said it will use Ripple (XRP) to create a new cross-border payments service to Brazil in a press release Nov. 9.MUFG, which has demonstrated an increasing interest in cryptocurrency products, will partner with Brazil’s Banco Bradesco to create the platform through its…