New York Attorney General Letitia James said the suit is the first time a regulator has claimed Ether is a security in court. New York state Attorney General Letitia James announced that she has filed suit against cryptocurrency exchange KuCoin after she was able to buy and sell crypto on the exchange, which is not...Continue Reading

Central bank digital currencies will give governments around the globe unprecedented power to surveil (and control) your financial activity. If the development of blockchain technology was a financial revolution, central bank digital currencies (CBDCs) are the counter-revolution. Their development has intensified in 2023 across the globe, and it’s now more important than ever for the...Continue Reading

The timing of opening the subsidiary was unfortunate, a spokesperson noted to Bloomberg, although the company held up to the crypto winter for quite a while. Cryptocurrency financial services company Blockchain.com will suspend operations of its asset management subsidiary, according to a Bloomberg report published March 9. The service had existed less than a year...Continue Reading

Silvergate may not pose a systematic risk for the U. S. banking system, but it could raise risks related to banking concentration and introduce new challenges for venture capital firms sources claim. Silvergate is not a systematic risk for the United States banking system, but it could have a significant impact on the crypto markets,...Continue Reading

According to Mike Belshe, the U.S. SEC’s reluctance to address a “basic” regulatory issue like the issuance of a BTC ETF could have paved the way for FTX’s alleged illicit activities. The collapse of crypto exchange FTX and other bearish events in the space were at the center of discussions among lawmakers and witnesses at...Continue Reading

BTC margin and options markets are steady, even as investors run for cover as crypto and stock prices fall. Bitcoin (BTC) traders saw continued downward pressure after the 5.5% decline in BTC price on March 7. Increased odds of further interest rate increases by the Federal Reserve and regulatory pressure in cryptocurrencies explain some of...Continue Reading

Several women suggested that education and grassroots training can be effective tools in promoting diversity within the Web3 ecosystem. Although the Web3 ecosystem is rapidly evolving, the industry still faces many challenges, one of which is its lack of diversity. The underrepresentation of women in the field remains a significant concern, as their involvement is...Continue Reading

“Because of actions taken by this Administration, the United States is at risk of pushing the digital asset ecosystem overseas,” said Republican Financial Services Committee members. Statements from Republican lawmakers ahead of the inaugural hearing of the United States House of Representatives subcommittee focused on digital assets, financial technology and inclusion suggest partisan divides on...Continue Reading

Members of the task force have worked to “counter Russian sanctions evasion”, which included illicit crypto transactions and money laundering schemes. The United States Treasury has announced deputies of the multilateral Russian Elites, Proxies, and Oligarchs, or REPO, Task Force have targeted crypto in Russian entities’ attempts to evade sanctions. In a March 9 announcement,...Continue Reading

Can Ripple pull off a win against the SEC? XRP price has been seeing moderate gains despite a general cryptocurrency market pullback. XRP price extended its gains on March 9, rising around 1.5% to $0.40, despite a general downturn in the cryptocurrency market.   XRP price four-day winning streak The rally in the XRP/USD pair started on...Continue Reading