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Grayscale Flips The Script And Sues The SEC After Spot Bitcoin ETF Plan Rejection

Crypto asset manager Grayscale — which stewards over $43 billion in cryptocurrencies — has filed a lawsuit against the United States Securities and Exchange Commission (SEC) shortly after the federal securities watchdog tossed out its application to convert its flagship Bitcoin Trust into a bitcoin exchange-traded fund, or ETF. Grayscale Takes SEC To Court The […]

Cryptostone (CPS) Token Debuts On XT.com Exchange

The Dubai-based, rapidly expanding cryptocurrency exchange XT.com is pleased to add the Cryptostone (CPS) token to its extensive trading platform. Additionally, CPS will be offered under the Main Zone with the trade pairs CPS/USDT and CPS/BTC. On June 29, 2022, at 11:00, CPS holders can begin depositing their tokens on XT.com (UTC). Trading will begin […]

3AC Called Out by Authorities of Singapore For Giving Incorrect Info

Trouble keeps following Three Arrows Capital (3AC), as yesterday the British Virgin Islands court ordered liquidation of the crypto hedge fund. Now it’s a double-trouble situation with the Monetary Authority of Singapore (MAS) reprimanding the struggling 3AC for providing incorrect information. Singapore’s central bank and financial regulator called out troubled crypto hedge fund Three Arrows […]

Will Xchange Monster (MXCH) Impact The Crypto Market In The Same Way As Tron (TRX) And Binance Coin (BNB)?

Xchange Monster (MXCH) is a revolutionary crypto-gaming platform attempting to create an ecosystem catered to gamers and publishers. GameFi is still in its early stages of development, there are still areas where the sector could improve. Xchange Monster aims to create a platform that is simple to navigate and easily accessible. The platform will consist […]

Committee of Global Regulators Calls on Banks to Minimize Risks of Crypto Assets

Basel has published a second banking consultation that includes the risks of blockchain technology. Previously, it had made a series of recommendations related to losses from holding bitcoins. Global financial regulators are concerned about what is currently happening in the market and its impact on the financial system. The global Committee of banking regulators in […]

OneCoin creator Ruja Ignatova is pursued by the FBI

At a press conference on Thursday at 11 a.m., the FBI is likely to say that OneCoin creator Ruja Ignatova has been added to its list of the Ten Most Wanted Fugitive. A statement from the US Attorney for the Southern District of New York says that Ignatova “stole more than $4 billion from investors […]

Integrating blockchain-based digital IDs into daily life

Blockchain tech is pushing the boundaries of ID management as governments look for scalable solutions that promote privacy, control and decentralized data management. The last 13 years have seen blockchain technology evolve into numerous use cases — finance, data, logistics and security, among others. However, the idea of using blockchain’s immutable capabilities to ID humans […]

Basel Committee wants to limit banks’ digital asset exposure to just 1% of equity

Volatile cryptocurrencies such as Bitcoin would also be subjected to a 1,250% risk premium. On Thursday, the Basel Committee on Banking Supervision suggested during its second consultation on the prudential treatment of crypto-asset exposures that banks limit their exposure to so-called Group 2 crypto assets to just 1% of their Tier 1 capital.  Group 1 digital […]