Senator Lummis says she now Believes Ether is a Security
Both Lummis and CFTC chair Rostin Benham have flipped stances on Ether’s status as a commodity.Yet another US politician at the center of crypto industry regulation has changed stances on…
3AC Co-Founders Su Zhu, Kyle Davies Subpoenaed in Bankruptcy Case
Both Zhu and Davies’ locations also remained unclear. It is speculated that they currently reside in Dubai and Bali, respectively.A federal bankruptcy judge has approved the issuance of subpoenas to…
Spain Bank Proposes for Wholesale CBDC Project
The Bank of Spain has announced a wholesale CBDC program. As per the bank’s official statement, it is unrelated to the EU Initiative.Banks Spain has proposed a wholesale CBDC project,…
Binance Shares Bitcoin Proof of Reserves Audit Report
Binance announced on Twitter that it is collaborating with Mazars. The crypto exchange had its reserves and liabilities verified on November 22, 2022. In an effort to reassure its customers,…
Japan’s Financial Watchdog Extends FTX Japan Suspension
In November, the FSA demanded that FTX Japan halt its activities.The bankruptcy of FTX will not impact the assets held by FTX Japan.On Wednesday, Japan’s Financial Services Agency (FSA) said…
U.S FTC Probing Crypto Firms Over False Promotions Post FTX Fall
The FTC was established as a separate United States government body. The agency also educates on how to avoid unfair or deceptive business practices.The United States Federal Trade Commission (FTC)…
Standard Chartered Analysts Predict Bitcoin Could crash more to $5000
Robertsen predicts gold will soar as much as 30% to $2,250 per ounce.This is a decline of roughly 70% from the current BTC price of about $17,000.The memo, headlined “The…
UK Completes Its Plan for Crypto Regulation due to FTX Demise
The UK Treasury is finalizing a plan for the regulation of the cryptocurrency industry.FCA already began monitoring UK’s crypto companies this year.The UK Treasury is reportedly finalizing a framework for…
Aave Announces Acquisition of Social Metaverse Developer ‘Sonar’
The Aave Companies is the parent company of many different crypto initiatives.Sonar is an iOS gaming app that lets users create and explore virtual spaces. Software development business Aave Companies…
Twitter CEO Elon Musk Reportedly Bringing in Twitter Coin
Prior to this, Elon Musk had mentioned about accepting Dogecoin (DOGE) on Twitter.After announcing, Jane Manchun Wong promptly cancelled her account.Monetization features, including a cryptocurrency called “Twitter Coin,” are supposedly…