digital currency

A formal motion has been submitted to the U.S. Bankruptcy Court for the District of Delaware to resolve an issue that has confounded bankrupt crypto exchange FTX (CRYPTO: FTT) and its affiliated debtors. What Happened: The motion aims to establish a standardized method for valuing claims,...

In a court ruling on Thursday, Dec. 28, a U.S. federal judge sided with the Securities and Exchange Commission (SEC) against Terraform Labs and its founder Do Kwon regarding the offering and sale of unregistered securities. The decision was handed down by U.S. District Judge Jed...

Argentina's newly elected President Javier Milei has introduced a draft bill that could significantly impact cryptocurrency holders in the country. This legislation, part of a broader economic and political reform package, aims to incentivize Argentines to declare both their domestic and...

Coinbase Global Inc. (NASDAQ: COIN) CEO Brian Armstrong posted a video revealing U.S. Sen. Roger Marshall's admission that the American Bankers Association (ABA) played a significant role in drafting the Digital Asset Anti-Money Laundering Act, also known as the “crypto ban...

Bank of Korea (BOK) Gov. Rhee Chang-yong highlighted the rapid evolution of the digital financial landscape and its implications for central banks worldwide at a conference, "Digital Money: Navigating a Changing Financial Landscape," last Friday. What Happened: Rhee...

Jan van Eck, CEO of investment management firm VanEck has predicted a significant regulatory and market shift for Bitcoin (CRYPTO: BTC), anticipating that the Securities and Exchange Commission (SEC) will soon approve multiple spot Bitcoin ETF applications, a move that could redefine the...

Mike Novogratz, the head of Galaxy Digital (OTC: BRPHF), has expressed a significant shift in his views regarding Ripple (CRYPTO: XRP), recognizing it as a substantial institution and acknowledging the dedication of its community, often referred to as the "XRP army." In a...

S&P Global Ratings assigned a "constrained" stability assessment to stablecoin issuer Tether (CRYPTO: USDT), raising concerns due to limited transparency in its reserve management and asset composition. What Happened: The firm's assessment of '4' reflects concerns over the...

Blockchain companies, including Animoca Brands and Chainalysis, are now in the crosshairs of a $500 million fund aimed at acquiring secondary shares in crypto firms at significant discounts. This fund, C1, established by ex-Coinbase (NASDAQ: COIN) legal and investment professionals,...

JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon reiterated on Wednesday his long-standing opposition to Bitcoin (CRYPTO: BTC) and other cryptocurrencies, going so far as to suggest the government should shut down the industry. Dimon, testifying before a U.S. Senate...

Taiwan is cautiously approaching the introduction of cryptocurrency exchange traded funds (ETFs), with the Financial Supervisory Commission (FSC) indicating a need to closely monitor global trends in the crypto market. What Happened: The FSC has noted the significant price volatility in...

Seeking to dispel misconceptions on the sustainability of the upward mobility in the crypto market on Monday, experts believed this was not a fake rally, but one supported by fundamentals and market sentiment. Bitcoin (CRYPTO: BTC) could pass its all-time high of $69,000 by...

In a thought-provoking statement, Coinbase Inc. (NASDAQ: COIN) CEO Brian Armstrong has proposed that Bitcoin (CRYPTO: BTC) could be pivotal in extending the influence of Western civilization, particularly in defending the long-term interests of the American dollar. Bitcoin As A Check And Balance...

SoFi Technologies Inc. (NASDAQ: SOFI) is withdrawing from the cryptocurrency market. What Happened: The San Francisco-based firm informed its crypto customers on Wednesday about the necessity to either liquidate their accounts or transfer them to crypto exchange Blockchain.com, Bloomberg,...

Changpeng Zhao stepped down Tuesday from his role as the chairman of the board of directors of Binance.US, the American arm of the global cryptocurrency exchange Binance (CRYPTO: BNB). This move comes on the heels of a series of settlements and regulatory actions involving Binance....