Protestors are holding rallies in China against Covid-19 restrictions in China as a result of which trade markets in Europe started low. European Indexes In Germany, the trade index of DAX edged…
Category: Regulation
Main Suspect behind Thodex to Be Extradited In Turkey
The Albanian Court hearing the extradition proceedings filed by Turkey against the main accused of crypto trading platform Thodex’s founder accepted the extradition request. Faruk Ozer escaped the trial in Turkey when…
Close to Collapse Crypto Firm FTX Slammed By Japanese Regulator
FTX, which is nearing collapse, has been slammed by the top watchdog of Japan namely the Financial Services Agency (FSA), and directed to immediately suspend its business operations in Japan. The order…
FTX Files For Bankruptcy And CEO Steps Down
The FTX crypto exchange had been undergoing a crisis in the last week, which culminated in bankruptcy on Friday. The crypto exchange shared a press release on Twitter in which it announced…
The Dollar Loses Strength After The Feds Share Weakening Inflation Rates
The dollar has lost its strength following the recent input of the US Federal Reserve. The Feds were excited to share the consumer price index (CPI) data for the month of October…
214k Bitcoin Stash of US Feds Equates to Over 1% of Overall Bitcoin Supply
There have been three major forfeitures that US law enforcement has dealt with ever since the cryptocurrency industry has come into being. Due to the seizures, law enforcement authorities have accumulated a…
Three Countries With Strong Economies Jointly Test CBDCs, Forex Markets May Feel The Impact
Countries with strong economies have recently carried out joint testing of the digital versions of their fiat currencies. Commonly referred to as the ‘central bank digital currencies, these are the digital versions…
The Dollar’s Price Has Regained Strength After Feds Announced The Rate Hikes Would Continue
On Wednesday, the trading price of the US dollar regained strength and it is trading at a higher level. The price of the USD rose after Jerome Powell, the Federal Reserve Chair…
Chinese Central Bank Exec Claims Digital Yuan To Offer ‘Controlled Anonymity’
Yi Gang, the governor of the Chinese central bank, gave a speech at Hong Kong Fintech Week, where he talked about the progress of the digital yuan. During the speech, the governor…
SEC’s Hester Pierce Not A Fan Of The Approach To Crypto Regulation
The crypto industry and the Securities and Exchange Commission (SEC) have had a difficult relationship, to say the least. The federal agency has taken a tough approach against the nascent industry for…
Celsius Bankruptcy Case Trustee Criticizes Bonus Motion
William Harrington is the United States trustee who has been given the responsibility to oversee the chapter 11 bankruptcy case of Celsius Network. The trustee recently objected to a motion filed by…
Russian Parliament Rejects Crypto Mining Bill Permitting Crypto Payments
The State Duma, which is the lower house of the Russian parliament, recently voted against a piece of legislation that was aimed at crypto mining regulation in the country. The proposal was…
Interpol Might be looking to Police the Metaverse and Even More Celsius Lawsuits
The cryptocurrency market is hitting the mainstream harder than it has before. Even though the market is not doing too hot right now, any of it was really the fault of the…
European Shares See Major Rally Following Major UK Policy Reversal
The stock market continues to face down the barrel of a bear market, as most of the stock options fail to make any significant gains. And while there is no end in…
