Execs at crypto-friendly Evolve Bank leave amid regulatory crackdown: Report
The bank services several crypto-friendly financial technology companies.
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UK government proposes additional safeguards against stablecoin failure risks
The Treasury wants to empower the Financial Market Infrastructure Special Administration Regime to oversee the safe return of customer funds in the event of a stablecoin collapse. 263 Total views 36 Total shares In a new consultation paper published on Tuesday, the Treasury of the United Kingdom proposed a new set of regulatory changes for…
US Treasury: Non-Compliant Fintechs Won’t Survive the War on Terror
United States Treasury undersecretary Sigal Mandelker stated that cryptocurrencies could become “the next frontier” in the war on terrorism.According to a press release published on the U.S. Treasury’s website on Sept. 11, Mandelker made her remarks during the 19th annual international conference on counterterrorism.Cash is still predominantWhile Mandelker admitted that most terrorist organizations still rely…
Coinbase acquires trading execution platform Routefire
The exchange seeks to improve its Prime suite of brokerage tools for institutions. 547 Total views 4 Total shares Major cryptocurrency exchange Coinbase has acquired the Routefire platform for enhanced trade execution.In a Jan. 7 blog post, Routefire CEO Jason Victor announced that the team would now be developing its execution services for Coinbase, while…
Binance.US market share drops below 1% amid regulatory lawsuit: Report
The U.S. market share of Binance.US has reportedly dropped amid a Securities and Exchange Commission lawsuit, while Coinbase’s rose roughly 7% in June. United States-based cryptocurrency exchange Binance.US has reportedly seen its market share drop more than 20% amid a lawsuit from federal financial regulators.According to a July 5 report from Reuters citing data from…
Nifty News: Sophia the Robot sells $1M worth, Cardano to clone NFT platforms, and more
If creative self-doubt and competition between humans in the art world weren’t already hard enough, artists now face the prospect of battling it out on Nifty Gateway with artistic robots. Sophia, the world-famous humanoid robot developed by Hong Kong-based Hanson Robotics, has generated more than $1 million in sales from her debut NFT drop on…
NFTs weekly sales surge 94% as crypto market continues bullish run
The Ethereum network led the week with $67 million in NFT sales, while Bitcoin-based NFTs recorded $60 million in sales over the last seven days.
New House Financial Services Committee chair wants to delay crypto tax changes
U.S. Republican Representative Patrick McHenry called for clarification on a “poorly” written digital asset tax provision in a letter to the Treasury. 549 Total views 6 Total shares Own this piece of crypto history Collect this article as NFTThe incoming United States House Financial Services Committee chair Patrick McHenry wants the Treasury to delay the…
Japan to reportedly take action to scrutinize crypto globally
Japanese Ministry of Finance is hiring more staff to develop stricter global rules for digital currencies, particularly fiat-pegged stablecoins. 771 Total views 4 Total shares Japan is strengthening its efforts to regulate digital currencies on a global scale, with related government authorities reportedly looking to expand staff to impose stricter rules.Japanese regulators have expressed fresh…