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Alchemy Pay Partners with Worldpay to Enable Cryptocurrency Purchases with Credit and Debit Cards

Singaporean fintech firm Alchemy Pay has announced a partnership with UK-based payment processor Worldpay. This collaboration will allow Alchemy Pay users to access Worldpay’s Visa and Mastercard payment rails for purchasing cryptocurrencies using their credit and debit cards.Alchemy Pay aims to facilitate seamless cryptocurrency transactions worldwide, and this partnership with Worldpay will enhance their ability […]

Bitnomial Receives Clearinghouse License from CFTC, Becomes Regulated Vertically Integrated Market Structure

The United States Commodity Futures Trading Commission (CFTC) has granted Bitnomial, a digital asset derivative exchange, a clearinghouse license. This license adds to Bitnomial’s existing derivatives exchange and brokerage licenses, making it a regulated and vertically integrated market structure.The CFTC approved Bitnomial’s application after several delays, with a vote of four to one. Vertical integration, […]

IOSCO Releases Policy Recommendations for DeFi Regulation

The International Organization of Securities Commissions (IOSCO) has released a set of policy recommendations aimed at promoting consistency in regulatory oversight across jurisdictions. These recommendations, which follow a report released last year, provide detailed guidance on various aspects of regulation.One of the recommendations, Rule 7, emphasizes the importance of enforcing applicable laws. The accompanying guidance […]

Bitcoin Bull Michael Saylor Claims Spot Bitcoin ETF Approval Could Be the Biggest Wall Street Development in 30 Years

Bitcoin bull Michael Saylor believes that the approval of a spot Bitcoin exchange-traded fund (ETF) could be the most significant development on Wall Street in 30 years. Saylor compared it to the creation of the S&P index, which allowed investors to trade all 500 S&P companies at once. He explained that a spot Bitcoin ETF […]

Senators Warren and Marshall Collaborate with Big Banks on Controversial Anti-Crypto Bill

Big banks have reportedly played a role in the drafting of a controversial anti-crypto bill by United States Senators Roger Marshall and Elizabeth Warren. In a video that surfaced on social media, Senator Marshall admitted that he and Senator Warren sought assistance from the American Bankers Association (ABA) in crafting the Digital Asset Anti-Money Laundering […]

FTX Debtors and FTX Digital Markets Collaborate to Simplify Bankruptcy Proceedings and Enhance Customer Recovery

In a significant development for those affected by the collapse of the FTX Group, an agreement has been reached between the debtors of FTX and its subsidiary, FTX Digital Markets. This agreement aims to simplify the bankruptcy process and improve the chances of recovery for customers. The agreement is subject to approval from the U.S. […]

Anticipation Builds for Spot Bitcoin ETF Approval by January 10

Galaxy Digital’s CEO, Mike Novogratz, predicts that a spot Bitcoin ETF will be approved by January 10, 2024. He believes that the approval will happen before this date to avoid any legal trouble with Grayscale and a potential lawsuit. Novogratz suggests that the approval of the ETF will provide more fuel for the crypto market […]

FTX and Bahamas Subsidiary Reach Global Settlement for Customer Reimbursement

FTX Trading Ltd. and its subsidiary, FTX Digital Markets, have reached a global settlement to address the challenges arising from the collapse of the FTX group in November 2022. The settlement is subject to approval from the U.S. Bankruptcy Court for the District of Delaware and the Supreme Court of The Bahamas.Under the terms of […]

Countries Around the World Embrace Bitcoin as Legal Tender and Investment Opportunity

El Salvador has become the first country to adopt bitcoin as legal tender, using it as a means to boost its economy. President Nayib Bukele has received regulatory approval to launch a bitcoin-backed “volcano bond” in 2024. This move has garnered attention and support from other leaders, such as Javier Milei, the libertarian president of […]

Crypto Industry Mobilizes Support for Crypto-Friendly Candidates in 2024 Elections

The US cryptocurrency industry is rallying behind political candidates who support crypto-friendly policies. Through the Fairshake Political Action Committee (PAC), a non-profit organization advocating for social and economic justice, over $78 million has been raised from leading venture firms, exchanges, and crypto industry leaders. Notable contributors include Andreessen Horowitz, Ark Invest, Coinbase, Circle, and Ripple, […]