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Jerome Powell strongly hints the Fed will pause further rate hikes after latest increase
The Federal Reserve raised interest rates by a quarter of a percentage point, bringing the benchmark funds rate to 5% to 5.25%.
May 4, 20231 min read


Three Arrows Capital Founders Face Dubai Regulator's Scrutiny Over New Unregulated Exchange OPNX
Dubai regulators are examining the co-founders of now-defunct crypto hedge fund Three Arrows Capital over their new unregulated
May 4, 20231 min read


Bhutan aims for $500-million crypto fund for mining in Himalayan ranges
Bhutan is in negotiations with the Nasdaq-listed company Bitdeer Technologies Group to seek investors for funds amounting to $500 million
May 4, 20231 min read


White House Pushes for Punitive Tax on Crypto Mining
U.S. President Joe Biden is looking to impose an inflicting tax on crypto mining operations for the “harms they impose on society,”
May 3, 20231 min read


Cryptoverse: Digital coins lure inflation-weary Argentines and Turks
Turkey and Argentina are the world's largest adopters of cryptocurrencies due to soaring prices and plunging local currencies
May 3, 20231 min read


Federal Open Market Committee (FOMC) monetary policy meeting for interest rates hike
Banks are paying the most in interest in over a decade. Credit card rates hit record highs.
May 2, 20231 min read


Regulators seize First Republic Bank, sell assets to JPMorgan
Regulators seized First Republic Bank (FRC.N) and sold its assets to JPMorgan Chase & Co (JPM.N) on Monday
May 2, 20231 min read


Nigerian SEC Mulling Support for Asset-Backed Tokens Over Crypto
The Nigerian Securities and Exchange Commission (SEC) is considering the authorization of crypto exchanges that offer asset-backed tokens
May 2, 20231 min read


Revolut Integrates Crypto Tax Service
An automatic tax reporting solution for bitcoin transactions has been incorporated by Revolut
Apr 29, 20231 min read


Signature Bank Failed Because of Mismanagement, Contagion, FDIC Report Says
Signature Bank, a crypto-friendly institution, collapsed because of mismanagement by its officers.
Apr 29, 20231 min read


UK Tax Authority Proposes Changes to Treatment of DeFi Lending, Staking
The U.K's tax authorities are looking for public views on a proposed change to the text treatment of decentralized finance (DeFi).
Apr 28, 20231 min read


UK Charities Offered Guidance for Accepting Crypto Donations
English and Welsh charities accepting crypto donations should keep accurate records and comply with text and money laundering rules.
Apr 28, 20231 min read


UK FCA Wants to Work With the Crypto Industry to Develop Regulation
The U.K's Financial Conduct Authority (FCA) wants to work with the crypto firms to frame regulations.
Apr 26, 20231 min read


Zimbabwe to Launch Gold-Backed Cryptocurrency
On April 23, the Reserve Bank of Zimbabwe (RBZ) said the gold-backed digital asset will be used as legal tender in the African nation.
Apr 25, 20231 min read


U.S. Sanctions 3 North Koreans for Supporting Hacking Group
The U.S. Treasury Department's sanctions watchdog banned three North Korean individuals for supporting the Lazarus Group.
Apr 25, 20231 min read


Gemini to Open a Crypto Derivatives Platform Outside the U.S.
Gemini revealed Friday that it has plans to open an offshore derivatives platform - a decision announced as the regulatory environment.
Apr 22, 20231 min read


Two Russian Crypto Laws Could Roll Out in June
Russian lawmakers could finally end the country's long wait for crypto regulation-with two bills.
Apr 22, 20231 min read


Crypto Exchange Coinbase Receives License to Operate in Bermuda
Coinbase (COIN) has obtained a license to offer its services in Bermuda as part of its international expansion efforts.
Apr 21, 20231 min read


Hong Kong Court Declares Crypto as Property in Case Involving Defunct Gatecoin
A Hong Kong court has recognized crypto as property "capable of being held on trust" in a case involving closed crypto exchange Gatecoin.
Apr 20, 20231 min read


UAE Securities Regulator to Start Accepting License Applications
The federal securities regulator in the United Arab Emirates will start accepting applications from companies.
Apr 19, 20231 min read
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