Despite the decentralized nature of cryptocurrencies and other digital assets, Web3 businesses need banking partners. But on Thursday (Aug. 8), news broke that Pennsylvania-based Customers Bank, one of the only crypto-friendly banks in the U.S., was served with a 13-page regulatory enforcement action by the Federal Reserve related to its digital asset and dollar token
Tether (USDT), one of the most popular stablecoins in the crypto world, is facing a big danger. The European MiCA (Markets in Crypto Assets) regulations are making things tough. These new rules could seriously impact Tether’s operations in Europe. Paolo Ardoino, CEO of Tether and CTO of Bitfinex, explains that MiCA is putting strict limits
One of the longest running legal cases impacting crypto’s regulatory future is potentially nearing resolution. The case, between cryptocurrency company Ripple Labs and the U.S. Securities and Exchange Commission (SEC), centers around whether Ripple’s XRP token is a security and has gone through several iterations since its 2020 start. On Wednesday (Aug. 7), the scales of justice fell
Just recently Donald Trump Jr had shared a tweet where he spoke about shaking up the crypto world with emphasis on Defi, he is soon back with a comment on memecoins. When questioned about the RTR (Restore the Republic) memecoin, he said that his project is a “larger type of platform” compared to meme tokens,
In a significant ruling, the President of Russia, Vladimir Putin, has signed a law on Thursday to legalize crypto in Russia. This bill will enable registered Russian entrepreneurs to mine cryptocurrency. Let’s understand who will be allowed to mine crypto and where they can sell it. Legalizing of Crypto Mining BRICS started embracing digital assets
Skybridge Capital founder Anthony Scaramucci says that the next crypto bull market could be ignited by a new wave of clear crypto regulations. In a new interview on CNBC Squawk Box, the ex-White House communications director says that he and two other prominent figures in the industry went to Washington, D.C. to speak to officials
The IRS has released final regulations on reporting requirements focused on sales, exchanges, transfers, and payment processing involving digital assets. Getty Earlier this summer, the U.S. Department of the Treasury and the IRS released final regulations on reporting requirements for sales, exchanges, transfers, and payment processing involving digital assets. Supplemental transitional relief and guidance were
The Dominican Republic, which is located on the Island of Hispaniola in the Caribbean, is a nation, which is popular for its culture, landscape and economy. In terms of population as well as area, it is the second largest in the Caribbean region. It has over 11.4 million people. Interestingly, of this 11.4 million, as
Bolivia is a country located in the western-central region of South America. It is popular for its rich resources and growing economy. Mining, mineral refining, and agriculture are the backbone of the Bolivian economy. Tin, silver, lithium and copper are the prominent minerals found in the country. Though the country is the second-poorest country in
In the latest development, the spouse of Terraform Labs founder, Do Kwon, has secured a significant win against the South Korean government. The Seoul Court ruling allowed her to retain the ownership of valuable real estate assets frozen amid the ongoing investigation into the Terra Luna collapse. A Complete Win for Do Kwon’s Wife The