Canada is poised to make significant strides in adopting blockchain technology, as a prominent group of lawmakers has urged the government to formulate a national blockchain strategy. Similar to the United States, Canada currently lacks clear regulations in the crypto and blockchain market, placing the country at a disadvantage. While various regions worldwide are actively
Blockchain
The United States Bankruptcy Court for the Southern District of New York has granted permission for Celsius debtors to exchange their altcoins for Bitcoin and Ether, effective immediately. This decision, issued by bankruptcy judge Martin Glenn on June 30th, not only facilitates the distribution of funds to creditors in the near future but also aligns
Tokenization has the potential to revolutionize financial and non-financial infrastructure and financial markets in the next five to 15 years, according to a recent research report by Bank of America (BofA). The report highlights the wide-ranging implications of tokenization, which involves converting real-world assets or rights into digital tokens on a blockchain network. By representing
Binance co-founder and senior executive, Yi He, has broken her silence amidst lawsuits from two major United States market regulators. In a recent interview with Bloomberg in Dubai, she defended Binance’s commitment to regulatory compliance, claiming that the company surpasses other global crypto platforms in this regard. The Commodities and Futures Trading Commission (CFTC) filed
A federal court has ruled that Micahel Ackerman, a former New York Stock Exchange (NYSE) broker, must pay $54 million in penalties for orchestrating a cryptocurrency fraud scheme. The Commodity Futures Trading Commission (CFTC) announced this decision, revealing that Ackerman has also been banned from trading in any markets supervised by the financial watchdog. Ackerman
A recent survey conducted by French payroll software provider Payfit has revealed that 20% of French workers are interested in receiving all or part of their salaries in cryptocurrency. The survey, reported by French media outlet Cointribune, found that a significant portion of respondents preferred receiving remuneration in crypto rather than fiat currencies. Interestingly, the
The Swiss Central Bank, under the leadership of Chairman Thomas Jordan, has recently made an announcement concerning the launch of a wholesale central bank digital currency (CBDC) pilot. This pilot program will be conducted on Switzerland’s SIX digital exchange and is set to commence in the near future, as reported by Reuters. Chairman Jordan revealed
In a recent op-ed, Bloomberg columnist Matt Levine delves into the extravagant spending habits of cryptocurrency exchange FTX, shedding light on the allure of celebrity endorsements and influential connections within the crypto industry. According to Levine, FTX is perhaps the best example among companies in the crypto sector that have recognized the potential of associating
BitGo CEO, Mike Belshe, recently announced that despite abandoning the Prime Trust deal, the company has multiple other acquisitions in progress. In an interview with CoinDesk TV, Belshe mentioned that there are pending acquisitions that have not been publicly announced yet. He also predicted that the cryptocurrency industry would witness consolidation within the next six
The Rolante Hospital Foundation (FHR), a large general hospital in the municipality of Rolante, has become the first hospital in Brazil to accept cryptocurrency as payment. FHR is the oldest hospital in the municipality, and patients will now be able to use cryptocurrency to pay their medical bills, for outpatient treatment, and to buy medicine.