How Chinese traders and miners get around China’s crypto ban

A New York district court judge has rubber-stamped Terraform Labs and Do Kwon’s nearly $4.5 billion settlement with the SEC.

CBDCs are here to stay, it seems, and Moody’s is looking at their implications for the global economy and international banking. 170 Total views 7 Total shares Own this piece of history Collect this article as an NFTEmerging central bank digital currency (CBDC) cross-border transaction technology could transform the global economy by providing faster, cheaper…

The reported discussion between the two CEOs of the company happened in March last month, at a time when FTX requested CFTC to eliminate the role of brokers in product offerings. 86 Total views 2 Total shares Goldman Sachs is reportedly pursuing an alliance with one of the top cryptocurrency exchanges FTX.The chief executive officer…

Cryptocurrency hardware wallet manufacturer Ledger has reignited an old feud with competitor Trezor, in a blog post dated Feb. 13 highlighting the claimed benefits of its internal Secure Element chips. Trezor co-founder and CEO of SatoshiLabs, Marek “Slush” Palatinus, hit straight back, in a tweet accusing the post of being “dishonest” and not telling the…

One CFTC commissioner dissented, calling the action “regulation by enforcement.”

Top Stories This Week Memecoin hype drives Bitcoin transaction fees to multi-year highs The ongoing trading frenzy of memecoins like Pepe has triggered an unwanted consequence for Bitcoin (BTC) — raising its transaction costs to their highest point in two years. On May 3, the total amount of fees paid on the Bitcoin blockchain reached…

The Japan Virtual Currency Exchange Association (JVCEA) — the official self-regulatory organization for the crypto industry in Japan — announced on Mar. 2 that three additional companies have just registered as second-class members.Coinbase, Digital Asset Markets, and the Tokyo Hash have registered as reported by the JVCEA. Second-class members with the agency can be registered…

Former Senator Patrick Toomey, former Representative Tim Ryan, former Representative Sean Patrick Maloney, and others will advise Coinbase on crypto policies. 212 Total views 5 Total shares Following some of its leadership team visiting the United Arab Emirates, crypto exchange Coinbase has announced the formation of an advisory council staffed with many former United States…

China has used its Economic Daily media outlet to signal that further regulatory action may be taken toward stablecoins in the wake of the collapse of Terra’s algorithmic stablecoin. 270 Total views 12 Total shares The China state-owned media outlet the Economic Daily has signaled that the Chinese government may introduce even tighter regulations on…