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Goldman Sachs: Crypto Drawdown Will Have Little Impact on U.S. Economy

The U.S. economy is currently staring at the chances of a major recession with inflation soaring and growth decelerating. On the other hand, the crypto market meltdown has drawn the attention of lawmakers as U.S. households own one-third of the global crypto market. However, Wall Street banking giant Goldman Sachs doesn’t see much of a

The U.S. economy is currently staring at the chances of a major recession with inflation soaring and growth decelerating. On the other hand, the crypto market meltdown has drawn the attention of lawmakers as U.S. households own one-third of the global crypto market. However, Wall Street banking giant Goldman Sachs doesn’t see much of a

Singapore and Cambodia Explores Digital Currencies As Interest in Crypto Grows
Regulation News
Singapore and Cambodia Explores Digital Currencies As Interest in Crypto Grows
Regulation News

SWIFT Plans To Interlink All CBDCs, Here’s Why

Even as central banks of various economies explore CBDCs, SWIFT is advancing cross-border payments involving digital currencies. While most of the central bank digital currency (CBDCs) focus on achieving digitalization of fiat currencies, SWIFT’s latest move aims at cross-border payments. SWIFT is the global standard for payment and securities trade transactions. The new project, along

Even as central banks of various economies explore CBDCs, SWIFT is advancing cross-border payments involving digital currencies. While most of the central bank digital currency (CBDCs) focus on achieving digitalization of fiat currencies, SWIFT’s latest move aims at cross-border payments. SWIFT is the global standard for payment and securities trade transactions. The new project, along

Bitcoin (BTC) Price Could Slide More Lower, Here's Why
Altcoin News
Bitcoin (BTC) Price Could Slide More Lower, Here's Why
Altcoin News

Bitcoin Price Could Hit As Low As $7,000 Before Next All Time High: Economist

Following the volatility of cryptocurrencies, economist, Harry Dent, has made his prediction of Bitcoin and the crypto market while speaking with Kitco News.Dent, founder of HS Dent Publishing, just like many other economists and crypto analysts, has given his take on the world’s leading cryptocurrency, Bitcoin. He made two bold predictions in quoting the coin’s

Following the volatility of cryptocurrencies, economist, Harry Dent, has made his prediction of Bitcoin and the crypto market while speaking with Kitco News.Dent, founder of HS Dent Publishing, just like many other economists and crypto analysts, has given his take on the world’s leading cryptocurrency, Bitcoin. He made two bold predictions in quoting the coin’s

Panama Halting Crypto Law Signing Puts Exchanges In FUD
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Panama Halting Crypto Law Signing Puts Exchanges In FUD
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Panama Delays Legalizing Crypto On This Major Factor

Panama’s President Laurentino Cortizo on Thursday said he will not sign the pending crypto bill into law until strict anti-money laundering clauses are added to the bill. The decision put pressure on crypto exchanges and firms already preparing to enter the new market. Panama’s legislative assembly last month passed the bill regulating the use of

Panama’s President Laurentino Cortizo on Thursday said he will not sign the pending crypto bill into law until strict anti-money laundering clauses are added to the bill. The decision put pressure on crypto exchanges and firms already preparing to enter the new market. Panama’s legislative assembly last month passed the bill regulating the use of

russia bitcoin
Regulation News
russia bitcoin
Regulation News

Just In: Russia Minister Hints At Bitcoin Payments Nod

Another major boost to Bitcoin adoption is here in the same week as El Salvador discussed cryptocurrencies with delegates from 44 countries. So far, the Russian authorities were highly vocal in support of Bitcoin. Russia’s Industry and Trade Minister Denis Manturov suggested the country could soon come up with a Bitcoin breakthrough. The minister was

Another major boost to Bitcoin adoption is here in the same week as El Salvador discussed cryptocurrencies with delegates from 44 countries. So far, the Russian authorities were highly vocal in support of Bitcoin. Russia’s Industry and Trade Minister Denis Manturov suggested the country could soon come up with a Bitcoin breakthrough. The minister was

SEC Chair Gary Gensler Blames Crypto Trading Platforms For UST Investors' Loss
Regulation News
SEC Chair Gary Gensler Blames Crypto Trading Platforms For UST Investors' Loss
Regulation News

Breaking: SEC Announces Huge Crypto Enforcement Plan

SEC chair Gary Gensler said efforts are on to get a majority of the crypto initial coin offerings registered, in coordination with the crypto exchanges. He was speaking at the Congressional budget request questioning for FTC and SEC on Wednesday. Gensler said a majority of the coin offerings come under the SEC’s securities law. The

SEC chair Gary Gensler said efforts are on to get a majority of the crypto initial coin offerings registered, in coordination with the crypto exchanges. He was speaking at the Congressional budget request questioning for FTC and SEC on Wednesday. Gensler said a majority of the coin offerings come under the SEC’s securities law. The

Binance to seek German license
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Binance to seek German license
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Just-In: Binance Seeks Approval In Europe’s Largest Economy

Binance CEO Changpeng “CZ” Zhao said on Wednesday that the exchange plans to apply for a license to operate in Germany. Speaking at fintech conference Finance Forward in Hamburg, CZ said that after gaining regulatory approval in France, Binance is expanding its German compliance team and wants to apply for a license in Europe’s largest

Binance CEO Changpeng “CZ” Zhao said on Wednesday that the exchange plans to apply for a license to operate in Germany. Speaking at fintech conference Finance Forward in Hamburg, CZ said that after gaining regulatory approval in France, Binance is expanding its German compliance team and wants to apply for a license in Europe’s largest

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G7 Countries to Discuss Crypto Assets This Week After Recent Terra Ecosystem Collapse

The recent collapse of the Terra ecosystem has drawn the attention of regulators worldwide! Finance ministers of the G7 nations are meeting ahead this week and shall be discussing crypto assets on a priority basis. Reuters quoted the French central bank head Francois Villeroy de Galhau saying this on Tuesday, May 17. While speaking at

The recent collapse of the Terra ecosystem has drawn the attention of regulators worldwide! Finance ministers of the G7 nations are meeting ahead this week and shall be discussing crypto assets on a priority basis. Reuters quoted the French central bank head Francois Villeroy de Galhau saying this on Tuesday, May 17. While speaking at

SEC Chair Gary Gensler Blames Crypto Trading Platforms For UST Investors' Loss
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SEC Chair Gary Gensler Blames Crypto Trading Platforms For UST Investors' Loss
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SEC Chair Gensler Responds To Terra Crash, More Regulation Due?

SEC Chair Gary Gensler on Monday said the crypto market needs more regulation to protect investors from projects like Terra. Gensler blames crypto trading and crypto wallet platforms for not disclosing information making investors lose hard-earned money such as in the case of LUNA and UST. SEC Chair Gary Gensler believes cryptocurrencies are high speculative

SEC Chair Gary Gensler on Monday said the crypto market needs more regulation to protect investors from projects like Terra. Gensler blames crypto trading and crypto wallet platforms for not disclosing information making investors lose hard-earned money such as in the case of LUNA and UST. SEC Chair Gary Gensler believes cryptocurrencies are high speculative

S. Korean crypto CEO allegedly leaked info to North Korean spy
Altcoin News
S. Korean crypto CEO allegedly leaked info to North Korean spy
Altcoin News

LUNA Crash: South Korea Toughens Up Investigations Over Terra (LUNA) Crisis

South Korea has been alerted over the decline in the crypto market that led to the depegging of Terra (LUNA). According to a local news outlet, Luna’s decline led to cases of volatile trading.  Gaming companies with blockchain and virtual coins features in South Korea are most notable for being on their toes.  The Situation

South Korea has been alerted over the decline in the crypto market that led to the depegging of Terra (LUNA). According to a local news outlet, Luna’s decline led to cases of volatile trading.  Gaming companies with blockchain and virtual coins features in South Korea are most notable for being on their toes.  The Situation

Crypto-Institutinal-Investors
Regulation News
Crypto-Institutinal-Investors
Regulation News

This US Leader Opposes Fed’s CBDC Plan, Here’s Why

The plans for introduction of the central bank digital currencies (CBDCs) have been around for some time now. Even as efforts are on in various central banks including the Fed, influential leaders continue to voice out against them. Similar to the cryptocurrencies, the CBDCs are digital tokens with their value pegged to fiat currencies. However,

The plans for introduction of the central bank digital currencies (CBDCs) have been around for some time now. Even as efforts are on in various central banks including the Fed, influential leaders continue to voice out against them. Similar to the cryptocurrencies, the CBDCs are digital tokens with their value pegged to fiat currencies. However,

Coinbase lost over $400 mln in Q1 2022
Regulation News
Coinbase lost over $400 mln in Q1 2022
Regulation News

Coinbase Admits Risk To Investor Fund Again, Reiterates Safety

Reiterating the safety of retail investor funds at Coinbase, the cryptocurrency exchange’s chief financial officer Alesia Haas on Friday said all investor assets are ‘absolutely safe’. She made the comments while speaking to CNBC‘s Andrew Ross Sorkin. ‘Tail Risk’ To Coinbase Investors The CFO was asked if it was possible that the courts could force

Reiterating the safety of retail investor funds at Coinbase, the cryptocurrency exchange’s chief financial officer Alesia Haas on Friday said all investor assets are ‘absolutely safe’. She made the comments while speaking to CNBC‘s Andrew Ross Sorkin. ‘Tail Risk’ To Coinbase Investors The CFO was asked if it was possible that the courts could force

Coinbase NFT
Bitcoin News
Coinbase NFT
Bitcoin News

Coinbase Misses First Quarter Revenue, $COIN Shares Plummet

Cryptocurrency exchange Coinbase reported a 35% drop in revenue in the first quarter as volatile market conditions and lower crypto asset prices directly impacted its results. Its total revenue in the quarter fell to $1.17 billion from $1.80 billion in the same quarter last year. Trading volume and monthly users fell Trading volumes in the

Cryptocurrency exchange Coinbase reported a 35% drop in revenue in the first quarter as volatile market conditions and lower crypto asset prices directly impacted its results. Its total revenue in the quarter fell to $1.17 billion from $1.80 billion in the same quarter last year. Trading volume and monthly users fell Trading volumes in the

Terra plans to discard UST
Altcoin News
Terra plans to discard UST
Altcoin News

$UST Decline: Here’s U.S. Government’s Quick Response

The UST stablecoin’s dramatic decline in value featured in U.S. Treasury Secretary Janet Yellen’s testimony before the committee on banking, housing, and urban affairs, U.S. Senate, on Tuesday. Yellen stated that the stablecoin’s turbulence clearly illustrates risks associated with crypto assets to financial stability, adding that the treasury department would soon issue a comprehensive report

The UST stablecoin’s dramatic decline in value featured in U.S. Treasury Secretary Janet Yellen’s testimony before the committee on banking, housing, and urban affairs, U.S. Senate, on Tuesday. Yellen stated that the stablecoin’s turbulence clearly illustrates risks associated with crypto assets to financial stability, adding that the treasury department would soon issue a comprehensive report

Binance
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Binance
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Is Binance Eyeing Italian Approval? CZ Meets Former PM Conte

After winning regulatory approval in France, crypto exchange Binance may be setting its sights on Italy next. CEO Changpeng “CZ” Zhao recently met several notable Italian politicians, including former Prime Minister Giuseppe Conte. The meeting was with the 5 Star Movement, a popular Italian political party that is pushing for more digital technology adoption in

After winning regulatory approval in France, crypto exchange Binance may be setting its sights on Italy next. CEO Changpeng “CZ” Zhao recently met several notable Italian politicians, including former Prime Minister Giuseppe Conte. The meeting was with the 5 Star Movement, a popular Italian political party that is pushing for more digital technology adoption in

YNRXAKX3YBI5HJGNEBQFRJ6MLY
Altcoin News
YNRXAKX3YBI5HJGNEBQFRJ6MLY
Altcoin News

Breaking: Binance, Huobi And OKX May Face Fresh Sanctions Against Russia

Binance, the leading cryptocurrency exchange by marketcap, might trigger regulatory officials to issue yet another sanction. Seychelles based exchange OKX, and Singapore based Huobi, might also on a global watchlist, as new data revealed that both firms are receiving their highest traffic from Russia in the past 30 days. Russian residents continue to participate in

Binance, the leading cryptocurrency exchange by marketcap, might trigger regulatory officials to issue yet another sanction. Seychelles based exchange OKX, and Singapore based Huobi, might also on a global watchlist, as new data revealed that both firms are receiving their highest traffic from Russia in the past 30 days. Russian residents continue to participate in

India's GST Council Aims Levying 28% Tax On Cryptocurrencies
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India's GST Council Aims Levying 28% Tax On Cryptocurrencies
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Indian Crypto Users Face More Pain As GST Council Plans 28% Tax

India’s Goods and Service Tax Council is considering levying a 28% GST on Bitcoin and other cryptocurrencies in its next session. According to sources, cryptocurrencies are still outside the ambit of GST. Therefore, the GST Council considers bitcoin and other crypto in a separate category separately as they act as intermediaries for foreign exchanges. Generally,

India’s Goods and Service Tax Council is considering levying a 28% GST on Bitcoin and other cryptocurrencies in its next session. According to sources, cryptocurrencies are still outside the ambit of GST. Therefore, the GST Council considers bitcoin and other crypto in a separate category separately as they act as intermediaries for foreign exchanges. Generally,

Binance
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Binance
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Binance Faces Pain In Spain, Despite French Regulatory Victory

Binance’s expansion into Europe appears to have met fresh hurdles, as it faces renewed pressure from Spanish market regulators. A report from local media sources showed that Spain’s market regulator, the National Securities Market Commission (CNMV), has asked Binance to wind down its crypto derivatives service in the country. The move comes despite the world’s

Binance’s expansion into Europe appears to have met fresh hurdles, as it faces renewed pressure from Spanish market regulators. A report from local media sources showed that Spain’s market regulator, the National Securities Market Commission (CNMV), has asked Binance to wind down its crypto derivatives service in the country. The move comes despite the world’s

S. Korean crypto CEO allegedly leaked info to North Korean spy
Altcoin News
S. Korean crypto CEO allegedly leaked info to North Korean spy
Altcoin News

Here’s How South Korea Is Preparing To Become Next Crypto Hub

South Korea is working towards a new regulatory framework for digital currencies. This is coming after Yoon Suk-yeol, the South Korean President elect, made room for Initial coin offerings (ICOs), as one of the many things it will give approval to. South Korean President Elect Yoon has big plans for Crypto The ICO approval is

South Korea is working towards a new regulatory framework for digital currencies. This is coming after Yoon Suk-yeol, the South Korean President elect, made room for Initial coin offerings (ICOs), as one of the many things it will give approval to. South Korean President Elect Yoon has big plans for Crypto The ICO approval is

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News

California Governor Issues Crypto Executive Order, Unveils Roadmap for Blockchain Adoption

On Wednesday, May 4, California Gov. Gavin Newsom issued a new executive order on cryptocurrencies. This is quite exciting news considering that California is the state with the largest economy in the U.S. Thus, it could encourage governors of other states to make a similar move. The crypto executive order lays out a roadmap for

On Wednesday, May 4, California Gov. Gavin Newsom issued a new executive order on cryptocurrencies. This is quite exciting news considering that California is the state with the largest economy in the U.S. Thus, it could encourage governors of other states to make a similar move. The crypto executive order lays out a roadmap for