According to an analysis conducted by Bankless Times, cryptocurrencies have grabbed the attention of a significant chunk of America’s population. However, scammers have used this growing popularity to con people in various methods. Romance scams are among the most employed technique since US citizens have parted with $185 million due to such schemes between January...Read More
The UK is gearing up to close the regulatory vacuum present in the crypto market. The recent crash has only strengthened lawmakers’ resolve. As such, the Bank of England’s Financial Policy Committee highlighted the need for enhanced regulatory and law enforcement frameworks in the sector. Enhanced Regulatory Framework in Crypto In their latest report, the...Read More
Federal Reserve Vice Chairwoman Lael Brainard urged policymakers to toughen up regulatory scrutiny on the crypto industry in a speech given at the Bank of England conference on Friday. Once again, the Chair emphasized the risk of the crypto market crash spilling over to the core financial ecosystem because of the lack of targeted regulation...Read More
Grayscale, whose focus lately has been primarily on turning its flagship Trust into a spot Bitcoin ETF, has removed five altcoins from its Digital Large Cap Fund. The assets in question are Bitcoin Cash, Chainlink, Litecoin, Polkadot, and Uniswap. The statement from earlier this week informed that the largest digital asset manager had sold “certain...Read More
The bear market is doing what the bear market does best and shaking out weak hands. People who over-leveraged themselves or perhaps those who bought purely on hype are being severely punished as the market continues to plummet. More and more sell orders hit the market, crypto exchanges become insolvent, and the macroeconomic storm continues...Read More
Tether, the company behind USDT, the largest stablecoin by market capitalization, revealed that it liquidated Celsius’s position without risk to its reserves. In a press release on Friday (July 8, 2022), Tether stated that beleaguered lending platform Celsius took an overcollateralized loan from the company, denominated in bitcoin (BTC). The stablecoin issuer said it has...Read More
The hopes of miners of a recovery might have increased due to the increase in the price of the largest cryptocurrency by market capitalization. With BTC hovering around the $22,000 mark, the crypto market is trading in green with a change in sentiment. Bitcoin’s price increased from $367 billion on July 1 to $414 billion...Read More
Texas and Alabama securities regulators are expanding their inquiries into Voyager and Celsius. Voyager’s disclosure of the manner in which it used customer funds is currently being looked into by the Texas State Securities Board. Earlier inquiries by the same regulators, however, were primarily concerned with each company’s choice to halt withdrawals. According to a...Read More
