BVNK raises $50M to expand into US stablecoin market

A Senate veto-busting vote saw 12 Democrats who initially voted for North Carolina’s CBDC banning bill switch to backing Governor Roy Cooper’s veto.

Tether's market capitalization has reversed a three-month downtrend while USDC sees a drop in value after the U.S. imposed sanctions against Tornado Cash. 172 Total views 25 Total shares The market capitalization of Tether (USDT) tokens has increased by nearly $2 billion since the U.S. Treasury Department imposed sanctions on cryptocurrency mixer Tornado Cash.The Office…

Expect ETH’s spot price to be more responsive to ETF inflows than BTC’s, says crypto investment manager Tom Dunleavy.

The Thai SEC is seeking public input for newly proposed crypto custody regulations until late September. 775 Total views 7 Total shares The Securities and Exchange Commission (SEC) of Thailand continues introducing new regulations for the cryptocurrency industry, citing investor protection concerns.On Wednesday, the Thai SEC proposed a set of additional regulations related to custody of…

"I'd be a billionaire now if I hadn't sold the 55,000 bitcoins I mined on my laptop in 2009-2010 way too early." 3306 Total views 32 Total shares Martti Malmi, one of the earliest Bitcoin developers and also known as Sirius, has explained what happened to his once massive crypto holdings since 2009. According to a…

The issue of Shariah acceptability of crypto is a matter of time and raising awareness, according to an Islamic finance expert based in Malaysia.Skepticism of crypto stems from uncertaintySuhaida Mahpot, CEO of major Shariah advisory firm Amanie Advisors, suggested that the existing skepticism towards crypto in Islamic countries is not a pure rejection, but rather…

FTX US expects to finalize investment in the Investors Exchange in May 2022, subject to customary closing conditions and regulatory approval. 535 Total views 21 Total shares Sam Bankman-Fried’s cryptocurrency exchange FTX continues aggressively investing in traditional finance, with the United States-based affiliate FTX US investing in Investors Exchange (IEX), a U.S. national stock exchange.FTX…

The Malta Financial Services Authority (MFSA) has released feedback on the definition of security tokens and challenges such assets face in Maltese markets.In a paper published on Feb. 25, the agency gave feedback on security token offerings (STO) from 18 industry stakeholders, including national agencies, regulated businesses, technology providers, law and consultancy firms, among others.The…

Bitcoin (BTC) bear markets come in many shapes and sizes, but this one has given many reason to panic.BTC has been described as facing "a bear of historic proportions" in 2022, but just one year ago, a similar feeling of doom swept crypto markets as Bitcoin saw a 50% drawdown in weeks.Beyond price, however, 2022…