Federal Reserve Board drops enforcement action against Silvergate
Silvergate Bank, a former crypto-friendly bank, collapsed in March 2023 due to the fallout created by the implosion of the FTX exchange.
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Mexico’s president rules out accepting crypto as legal tender
The Bank of Mexico and the National Banking and Securities Commission issued a statement earlier this year warning financial institutions not to deal with digital assets, but the president has not often spoken directly on the subject. 413 Total views 20 Total shares President of Mexico Andrés Manuel López Obrador said the country was unlikely…
Law Decoded: Competing narratives around crypto clash on the Earth Day, April 19-26
The future of crypto adoption will largely depend on which of the competing narratives about digital assets and blockchain’s environmental effects prevails. 315 Total views 15 Total shares Regulation by enforcement, a fast and economical substitute for thorough rulemaking, is widely regarded as some of the U.S. executive agencies’ preeminent approach to crypto regulation. It…
CoinShares revenue surges 110% in Q2, driven by FTX claim sale
CoinShares revenue for the second quarter of 2024 rose to nearly $28.5 million. FTX bankruptcy proceedings generated a return of 116% in the quarter.
Kraken Donates 17.5 Bitcoin to Collaborative Hackerspace Noisebridge
On Feb. 27 Noisebridge advocate and attendee John Backus woke up to see that approximately 17.513 Bitcoin (BTC) – equivalent to about $156,000 at the time – had been deposited into Noisebridge’s cryptocurrency wallet. The unexpected deposit came from U.S. based cryptocurrency exchange Kraken. The exchange sent the Bitcoin as a donation in response to a…
Binance buys virtual property in blockchain game The Sandbox
Binance has acquired virtual real estate property on the leading blockchain gaming platform The Sandbox. The cryptocurrency giant Binance has acquired virtual space within the blockchain gaming platform The Sandbox by buying 4,012 LAND tokens — each of which is a non-fungible token representing a piece of unique virtual real estate in The Sandbox metaverse.The…
Investment Guru Jim Rogers: The Value of Bitcoin Will Drop to Zero
Investor Jim Rogers thinks Bitcoin is still in a bubble and the cryptocurrency will eventually go to zero and disappear. 764 Total views 31 Total shares The investment guru who said Bitcoin was in a bubble as early as 2017 recently speculated that all cryptocurrencies will be gone eventually. In an interview with the Asahi publication…
Indian State of Telangana to Sign MoUs With Blockchain Firms, Streamline Gov’t Services
The Indian state of Telangana announced it will sign several memoranda of understanding (MoUs) with blockchain firms as to eventually implement the technology in state applications, local Indian news agency the Business Standard reports July 26. Telangana IT Secretary Jayesh Ranjan revealed that the state is planning to enter into MoUs with a number of…
SEC crypto ‘overreach’ cost small investors $15B: John Deaton
According to a popular pro-crypto attorney and Senate candidate, the SEC's overreach into the crypto industry has cost retail investors over $15 billion in losses.