Kyle Roche, a top cryptocurrency lawyer, was allegedly set up by an international group of businessmen, according to a report by The New York Times. The setup destroyed Roche’s career after he was exposed as being corruptly beholden to Avalanche founder Ava Labs. The incident began in December 2021 when Roche received an email from
Blockchain
The US Federal Deposit Insurance Corporation (FDIC) has sent a letter to OKCoin USA, Inc., demanding the cryptocurrency exchange take action to address false and misleading statements about its deposit insurance. The agency has also sent letters to Bodega Importadora de Pallets and Money Avenue LLC, making similar demands. The FDIC warned that certain statements
The EU’s official journal has published the Markets in Crypto Assets (MiCA) regulation, which is a significant milestone for the regulation of the crypto industry. Janet Ho, Head of Policy for Europe at Chainalysis, has warned cryptocurrency companies to start preparing for MiCA as soon as possible to ensure regulatory compliance. While the new policy
Binance, the world’s largest cryptocurrency exchange by trading volume, has requested to delist from the register of authorized crypto asset service providers (CASPs) in Cyprus. The move was made in order to comply with the European Union’s new Markets in Crypto-Assets (MiCA) regulation. The news was first reported on the website of the Cyprus Securities
According to a recent report by blockchain analytics firm Nansen, smaller crypto exchanges have gained momentum in the wake of the collapse of the more dominant FTX exchange. The report found that the landscape for centralized exchanges (CEXs) has changed following the FTX collapse, with most exchanges experiencing a decrease in trading volumes as traders
Mark Cuban, a billionaire tech investor and Shark Tank star, has criticized the U.S. Securities and Exchange Commission (SEC) for its approach to regulating the blockchain industry. In a debate with former SEC official John Reed Stark, a crypto skeptic who disagrees with the “lack of regulatory clarity in the cryptoverse” argument put forth by
Black & White Burger, a French fast food chain in Belgium, has recently announced that it will accept cryptocurrency payments in all of its 12 outlets across the nation. In addition to this, the chain has created a “mystery burger” that will only be available to customers who pay using cryptocurrency. The Partnership The fast
Bank of China’s investment arm, BOCI, has taken a step towards simplifying digital asset markets and products for customers in the Asia-Pacific region. The bank has done so by becoming the first Chinese institution to issue $28 million worth of digital structured notes, tokenized on the main Ethereum blockchain network. The notes were initiated by
The US House Financial Services Committee Chair, Patrick T. McHenry, intends to hold a vote on a bill that would regulate digital assets by the middle of July. The bill in question, the Digital Asset Market Structure Discussion Draft, would classify cryptocurrencies as either a security or a commodity and regulate exchanges. Additionally, it would
Circle CEO, Jeremy Allaire, has called for the urgent passing of a stablecoin bill, which he hopes will be signed by President Joe Biden. He argues that other countries are already making progress in this area, with new laws being established in the European Union, Japan, and Hong Kong to regulate the use of US-issued