There are reports that the US SEC has launched a probe into Binance and all crypto exchanges in the United States. The regulator decided to increase the tempo of its oversight functions of the digital assets sector recently. Exchanges Under the Radar A staff member in the office of Senator Cynthia Lummis said the SEC…
Bank of Thailand (BOT) is about to join the list of countries adopting and supporting the use of digital currencies by its citizens. The Central BOT Governor stated that the currency aims to be an alternate way of making and processing payments by its citizen. Launching Thailand CBDC (Central Bank Digital Currency) is a move…
A Senator in the United States, Elizabeth Warren, has shown her opposition towards the digital currency space again. She proposed that the senators should place restrictions on banks related to crypto. Elizabeth has always taken her anti-crypto stance, which she shows at any opportunity. Elizabeth Warren To Severe Banks And Cryptocurrency Relationship The growing and…
As the market had anticipated, the Federal Reserve announced a 75 bps interest rate increase. Though some think it might not work. The announcement was made at the meeting of the FOMC on Wednesday. The Seriousness of the Current Inflation It became the largest rate increase by the Feds since 2019. It shows how serious…
Binance liquidity swap is one of the pools with the highest trading volume in the cryptocurrency markets globally. The pool was created in late 2020, and the platform has risen to one of the biggest globally. Binance liquidity swapping platforms offer crypto exchange users the ability to trade and swap their tokens. The clients and…
After months of consultations, research, and review, the United Kingdom law commission has finally put together a framework. The proposed framework has been published by the commission, waiting to be debated and disputed. U.K. Propose Law to Regulate Crypto Property Acquisition The United Kingdom law commission is bent on regulating its cryptocurrency sector, protecting innocent…
The Chief Executive Officer of Facebook, Mark Zuckerberg, announced the renaming of it’s social media platform to Meta in late 2021. He declared his intention of going into Metaverse virtual space and his company would be working on making the virtual world come to reality. The Metaverse space is a virtual world where people can…
The series of law actions between blockchain and cross-border payment company Ripple and the SEC seems to favor the XRP token. The token is currently making bullish momentum, and there are speculations of the token spiking above Solana and others. All the pasts sessions in court have ended up in Ripple’s favor. However, the final…
The House of Representatives delayed the bipartisan bill because of more negotiations and debates. The lawmakers proposed the bill to discuss the risks of stablecoins in the cryptocurrency markets. Stablecoins constitute a minute part of the cryptocurrency market capitalization, but they are traded in high volumes. Investors often use stablecoins and other crypto users to…
Steve Bassi stated that awareness about cyber security is being shortened by excessive data research. He also stated that for the progress of cybersecurity, blockchain needs to be infused into the space. The Need to Leverage Blockchain in Cybersecurity The blockchain space is progressing daily, but cybersecurity is a very important factor for the safety…
Indications of a bear market and stock price meltdown have continued to create fears in investors, bodies, and companies. Fear, uncertainty, and doubt are currently high in the stock and cryptocurrency market. People are being SkyBridge Capital Temporarily Stops Funds Withdrawal Due to the high upsurge of inflation in the market, the Federal Federal Reserve…
The second quarter survey of the Bitcoin Mining Council has been announced. The survey showed that the electricity mix of the entire mining industry sustainability reached 59.5%. Technology and Energy Usage A 59.5% sustainability mix means it’s the 5th consecutive quarter when the Bitcoin power mix stood over 50%. Tesla put a halt on accepting…
