Revolut, a fintech firm, has announced that it will temporarily suspend its cryptocurrency trading services for business clients in the UK. This decision comes in response to upcoming regulatory changes by the Financial Conduct Authority (FCA) in early 2024. According to internal communications, starting from January 3, 2024, UK business customers will no longer be […]
The US Securities and Exchange Commission (SEC) has rejected a petition from Coinbase, the largest crypto exchange in the US, seeking exemptions for certain crypto assets to be treated as commodities rather than securities. SEC Chair Gary Gensler provided three key reasons for the denial.Firstly, Gensler emphasized that existing laws and regulations already apply to […]
The US Securities and Exchange Commission (SEC) has rejected a petition from Coinbase, the largest crypto exchange in the US, seeking exemptions for certain crypto assets to be treated as commodities rather than securities. SEC Chair Gary Gensler provided three reasons for the denial. Firstly, he emphasized that existing laws and regulations already apply to […]
Tether’s USDT stablecoin discount on centralized exchanges like Binance and Coinbase has reached its highest point in five months. This comes after Tether revealed its collaboration with US authorities, which has sparked criticism from the crypto community.According to data from Paris-based crypto data provider Kaiko, the discount on USDT is currently evident on major centralized […]
Cardano founder Charles Hoskinson is facing backlash for his past comments about XRP and its community. A year ago, Hoskinson stated that XRP had no technical or partnership value and labeled the XRP community as toxic. When questioned about his stance amidst XRP’s ongoing legal struggles with the SEC, Hoskinson doubled down on his criticism. […]
The financial ecosystem is undergoing a significant transformation with the emergence of the ISO 20022 standard. This global standard, designed by the International Organization for Standardization (ISO), aims to replace the long-standing SWIFT messaging system used by banks. ISO 20022 harmonizes operational goals across industries, prioritizes environmental consciousness, enhances trade practices, and improves interoperability among […]
The anticipation is building in the crypto world as the SEC’s decision on a spot Bitcoin ETF draws closer. SEC chairman Gary Gensler recently hinted that the approval process is underway, fueling excitement among investors. Several prominent financial firms, including BlackRock, Fidelity, and Grayscale, have applied for the ETF, with Grayscale seeking to convert its […]
Tether, the stablecoin issuer, is intensifying its efforts to combat illicit crypto activities through enhanced collaboration with law enforcement agencies. The company has shared letters sent to members of the U.S. House Financial Services Committee and the U.S. Senate Committee on Banking, Housing, and Urban Affairs, outlining its commitment to fighting the illicit use of […]
Tether, the world’s largest stablecoin issuer, has reportedly frozen $435 million USDT (USD-pegged tokens) for the U.S. Department of Justice (DOJ), Federal Bureau of Investigation (FBI), and Secret Service. The CEO of Tether expressed the company’s desire to become a “world class partner” to the United States in order to “expand dollar hegemony.”This move by […]
In the ongoing legal dispute between Coinbase Global Inc. and the U.S. Securities and Exchange Commission (SEC), the XRP holder’s lawyer, John Deaton, has accused the SEC’s top official, Gary Gensler, of ‘gaslighting’ the public and disagreed with his stance on cryptocurrencies.The SEC rejected Coinbase’s rulemaking request based on three reasons. These reasons include applying […]
