Hong Kong warns crypto firms against using the word “bank” The Hong Kong Monetary Authority (HKMA) says only licensed banks can take “deposits.” Using terms such as digital bank, crypto bank and crypto asset bank […]
Two more top executives are leaving Binance.US, one day after the departure of CEO Brian Shroder and the layoff of a third of its staff, The Wall Street Journal reported. Binance.US is the United States […]
SEC says Stoner Cats 2 LLC raised $8 million from investors by offering unregistered securities of NFTs. Stoner Cats will refund the money to investors and pay a $1 million fine. SEC recently charged Impact […]
Former FTX boss Sam Bankman-Fried is likely remain behind bars until his Oct. 3 trial commences after a United States District Court judge denied his request for temporary release. On Sept. 12, District Judge Lewis […]
India was long thought to be planning a complete ban on cryptocurrencies. However, in the just concluded G20 Summit, India joined other G20 nations to support IMF-FSB joint recommendations for cryptocurrency guidelines. Crypto investors in […]
Coinbase CEO Brian Armstrong has shared his predictions for the role crypto will play in next years’ elections in the United States, claiming that representatives in Washington, D.C. do not fully understand the crypto community’s […]
Top Stories This Week Binance crypto exchange saw 10 key execs leave in 2023. Here’s the list A key talking point in the crypto community has been the ongoing exodus of executives from Binance amid […]
Coinbase targets expansion across the EU, UK, Brazil and Singapore among other jurisdictions with clear regulatory trajectory. The exchange also has plans for major partnerships with banking providers and seeks to expand its products and […]
Coinbase has flagged several countries outside the United States where it intends to focus its operations in the near term, citing their comparatively clearer crypto laws. In a Sep. 6 blog post, Coinbase’s international business […]
The Financial Accounting Standards Board (FASB) has unanimously approved rules for accounting for the fair value of companies’ cryptocurrency holdings, according to media reports. The rules will go into effect in 2025. The FASB is […]
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