New York State regulators have issued new guidance for banks looking to get involved in digital currencies, while several federal agencies have intensified their warnings about the risks banks face if they dabble in crypto.The New York State Department of Financial Services last month issued rules requiring banks to seek the department’s approval before offering … Read more
The Financial ExpressIt has been a whirlpool of a year for the cryptocurrency market. Add to that the collapse of cryptocurrency platforms such as FTX, Terra, and Celsius Network, among others. As per TradingView, a network of traders and investors, the total market capitalisation of cryptocurrencies has dropped by roughly 70% year-to-date (YTD), from $2.5 … Read more
Bahamian regulator says it seized $3.5 billion of FTX crypto assets for ‘safekeeping’ CNBCsource
Matt Stankiewicz, Partner at The Volkov Law Group, wraps up his blog series on FTX, highlighting some of the more interesting facts from the company’s recent bankruptcy filing. On top of all the legal trouble for FTX’s founder and CEO, Sam Bankman-Fried (“SBF”), the company has also filed for bankruptcy and SBF has been ousted as … Read more
SearchAhead of the Fed's upcoming CPI report, Bitcoin and Ethereum are bullish.The Consumer Price Index (CPI) measures the rate of change in the price of various goods and services in the United States. It's used as a key indicator for measuring inflation.Bitcoin (BTC) broke its near-term sidewise momentum, with the leading cryptocurrency hitting a new … Read more
6 Of The Best Staking Cryptos To Buy For 2023 Outlook Indiasource
Caroline Ellison and FTX Co-Founder Gary Wang Plead Guilty to … The New York Timessource
While cryptocurrencies have made their mark in earnest since October 2008, the year 2022 has seen the crypto market expand and contract, with total market capitalization dropping from $3 trillion in 2021 to shy of $890 billion as of December 2022. From its ever-increasing popularity to the November collapse of the cryptocurrency exchange FTX, it … Read more
The bill, backed by ruling party lawmakers allied with President Nayib Bukele, aims to attract national and foreign investors.El Salvador, which became the first country in the world to recognise Bitcoin as a legal tender two years ago, has approved a law that would regulate the issuance of other digital assets by both the state … Read more
The cryptocurrency market has crept up by 0.5% in the past 24 hours, reaching a total cap of $894 billion. This means it has risen by around 6.5% in the past week, although it’s mostly unchanged in the past month and still significantly down compared to this time last year.However, while the market hasn’t moved … Read more