Tether Execs Reportedly Facing DOJ Probe For Bank Fraud

Tether, the firm behind the world’s third largest cryptocurrency by market capitalization, reportedly has its executives facing criminal investigation for alleged bank fraud, according to an initial report by Bloomberg....

Uniswap Labs Imposes Restrictions On Over 100 Tokens

Uniswap Labs, the software development studio leading contributions to the Uniswap Protocol, recently announced that it will be limiting access to some 100+ tokens on the Uniswap interface.The announcement comes...

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JPMorgan Opens Crypto Access To Retail Wealth Clients

JPMorgan has greenlit its affiliated financial advisors to provide its wealth-management clients access to cryptocurrency funds, becoming the first major U.S. bank to connect retail wealth clients with crypto.The U.S.-based...

European Commission Proposes New AML Policies On Crypto Transactions

The European Commission proposed a new act today augmenting current Anti-Money Laundering regulations. The proposal is aimed at collecting additional information to contextualize and ground fund transfers from being misused...

Hong Kong SFC Issues Warning, Binance Halts Stock Token Trading

Hong Kong’s market regulatory body, the Securities and Futures Commission (SFC), has issued an official statement on Binance, the world’s largest crypto exchange. According to the SFC, Binance is not...

Japan fears stablecoins can upend the global financial system

Japanese financial authorities are worried about the proliferation of stablecoins throughout the traditional finance system. Steps are being taken to increase regulatory scrutiny of private digital assets before they become too big...

Circle to follow Coinbase by going public

Circle has just announced that it is going public with the help of a SPAC (special purpose acquisition corporation) in the form of Concord Acquisition Corp, which has $275 million...

DeFi regains momentum

With blue chip DeFi plays such as Aave, Compound, and Synthetix making large gains recently, DeFi could be on the rise again. With two dips under $50 million total value locked in DeFi (TVL), after a high of nearly...

SoftBank leads $200 million series B raise into largest Brazilian crypto exchange

Brazilian bank 2TM has raised $200 million for its subsidiary Mercado Bitcoin, the biggest cryptocurrency exchange in Brazil. The Series B funding round was the largest such in Brazilian history...

650 US banks to soon offer Bitcoin trading to 24 million customers

A deal struck between payments colossus NCR and NYDIG, will soon allow community banks and credit unions to enable cryptocurrency trading via mobile apps. The move will lead to direct...

FCA Issues Consumer Warning On Binance Group

The U.K. Financial Conduct Authority (FCA) issued a consumer warning memo identifying Binance Markets Limited, and Binance Group, its parent organization, as a firm prohibited from undertaking any regulated activity...

VanEck files again – this time on Bitcoin Futures Mutual Fund

VanEck has a history of filing for a Bitcoin ETF, thus far without success. However, after yet another delay in the current ETF filing, VanEck has decided to file again with the Securities...

MicroStrategy purchases  $489 million Bitcoin, now holds over 105,000 BTC

The business intelligence firm has announced today that it has purchased an additional 13,005 Bitcoin worth $489 million in cash at an average price of $37,617 per unit. The purchase...

Chinese banks to cut funding channels for crypto OTC desks

In a further show of its anti-crypto stance, The People’s Bank of China PBoC, issued a statement today, saying that after a meeting with domestic banks and other financial providers, it has promulgated that all...

Regulators should look at crypto for a good example of how a financial system should look like

Alex Mashinsky, billionaire entrepreneur, and CEO of Celsius, was recently interviewed on Kitco News on his views on how his company was challenging the traditional banking system in order to give investors far...