The exchange stated the stablecoin is purchased at three times the rate with U.S. dollars compared with other fiat currencies. United States-based cryptocurrency exchange Coinbase says the adoption of USD Coin (USDC) has been “more conservative” outside of the U.S., which it believes is a result of international currency conversion fees. In an Oct. 20...Continue Reading

The truth will be shameful and shocking for the SEC, according to Ripple boss Brad Garlinghouse. San Francisco-based fintech firm Ripple has inched closer to victory in its ongoing battle with the United States Securities and Exchange Commission (SEC). On Oct. 21, Ripple general counsel Stuart Alderoty confirmed on Twitter that they finally have the...Continue Reading

A DappRadar report found that while trading volumes have taken a sharp hit during Q3, the average number of NFT sales for these 10 projects only decreased by 11.55%. Third-quarter trading volume for the top 10 Metaverse projects may have fallen 80% compared to the second quarter, but analytics firm Dappradar suggests that interest in...Continue Reading

Former FBI special agent BJ Kang has been onboarded with Binance US to steer a new investigative unit aimed at finding and stopping illegal activity. United States crypto exchange Binance US has created a new “investigations unit” and tapped a former FBI special agent as its new head, with the aim of seeking out and...Continue Reading

Interpol’s metaverse is up and running and has been designed to streamline communication between various units, along with providing an avenue to conduct education and training. The International Criminal Police Organization (Interpol) is putting on its virtual reality headsets as it prepares to crack down on an expanding list of “possible crimes” in the Metaverse....Continue Reading

The Commodity Futures Trading Commission (CFTC) says 20% of its enforcement actions were aimed at the digital assets market in the 2022 fiscal year. The U.S. commodities regulator certainly doesn’t want to look like it’s going easy on crypto, revealing it was behind 18 separate enforcement actions targeting digital assets in the 2022 fiscal year. ...Continue Reading

Explaining the cease and desist orders, the Texas State Securities Board in particular likened Sloties’ NFTs to something that is “similar to stock and other equities.” A metaverse casino has been hit with simultaneous cease and desist orders from four state enforcement bodies across the United States, who have deemed the firm’s nonfungible tokens (NFTs)...Continue Reading

The Latin American region now makes up for a 9.1% share of the global crypto value received in 2022 with remittances and high inflation the highest drivers of adoption. Remittance payments, fiat fears, and profit-chasing have been the three most significant drivers of crypto adoption in Latin America, according to a new report. The seventh-largest...Continue Reading

From privacy standards to consumer protection, the cryptocurrency industry needs to better regulate itself before governments crack down. Self-regulation will be critical in governing the rapidly changing landscape of the cryptocurrency industry in order to preserve its autonomous, decentralized nature.  Months after the collapse of the Terra ecosystem that propelled crypto’s market capitalization below $1...Continue Reading

Acting Federal Deposit Insurance Corporation chairman Martin Gruenberg said the agency needs more information about crypto, and the crypto industry needs to understand the FDIC better. Acting United States Federal Deposit Insurance Corporation chairman Martin Gruenberg spoke on Oct. 20 about possible applications of stablecoins and the FDIC’s approach to banks considering engaging in crypto-asset-related activities....Continue Reading