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…
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,…
Koinly a UK-based Crypto Tax Firm Announces 14% Layoff of workers
The FTX collapse had a terrible effect on the crypto industry with several firms taking hits. Koinly, founded in 2018, is the tax partner for a number of cryptocurrency exchanges.…
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…
Binance US Drops All Ethereum-USD Trading Fees Just Like Bitcoin
Users can now freely trade ETH for US dollars or any of the three top stablecoins. Binance US – the American branch of the world’s largest crypto exchange – has…
Cryptocurrency Advertizing in the United States of America Under Scrutiny Over Possible Misconduct
The consumer watchdog is reportedly investigating several unnamed crypto firms. The United States Federal Trade Commission (FTC) is targeting certain crypto companies over deceptive or misleading advertising. With the latest…
Bankrupt Crypto Lender ‘Celsius’ Granted Extension by Court
Celsius has a few more months to submit a Chapter 11 reorganization plan. The crypto lending firm had declared bankruptcy on July 13. The exclusivity period for defunct cryptocurrency lender…
Jack Dorsey’s Block Co-ahead in $2M Seed Round in a Bitcoin Mining firm from East Africa
The latest capital infusion will be used to support the company’s expansion across East African markets.Gridless – a Kenyan-based Bitcoin mining company – has announced raising a $2 million seed…
Nigeria Restricted ATM Withdrawals to Promote CBDC Adoption
Nigeria urged citizens to use the eNaira and other channels by the central bank.Who breach the limits imposed by the government will be charged.Nigeria has significantly reduced the daily cap…