News with the tag "crypto ban"

As the cryptocurrency market continues to steal the spotlight in the financial sector, Bitcoin has surged significantly, reaching a three-month high of $104,916 on Sunday, May 11. BTC’s renewed bullish movements are reflected in several key metrics as these indicators shifted into positive territory...

Since the crypto market shifted towards positive territory, Bitcoin , the largest digital asset, has maintained a bullish stance during this period, igniting hopes of a continued bull market phase. Following the renewed upward trend, several factors of BTC’s market dynamics are beginning to see posi...

Taurus and Figment announced a partnership to enable institutional staking for major global banks. Crypto staking may soon be coming to major TradFi banks. On Tuesday, April 29, crypto custody company Taurus and staking service Figment partnered to enable banks to easily stake Ethereum (ETH) , Solan...

The Federal Reserve is taking a major step back from monitoring banks’ crypto activities. In a new press release , the regulator says it is withdrawing four previous statements and letters regarding the Fed’s expectations of banking crypto activities. “The Federal Reserve Board on Thursday announced...

The U.S. Federal Reserve has pulled back on rules that previously made it harder for banks to work with cryptocurrencies and stablecoins. In a press release published by the agency on Apr. 24, the Federal Reserve said it will no longer require state member banks to give advance notice before launchi...

Key Takeaways: Victims detail severe losses due to Celsius’ misleading promises. Mashinsky seeks leniency ahead of his May 8 sentencing, despite admitting to fraud. DoJ weighs new rules to prevent unfair payouts in crypto bankruptcies. Federal prosecutors submitted more than 200 victim impact statem...

Europe has emerged as a frontrunner in crypto banking outpacing global powers in the race. Though US President Donald Trump’s crypto policies pose a significant threat to Europe’s monetary autonomy, the continent leads in terms of crypto-friendly banks. Patrick Hansen, an executive at Circle, recent...

Investors’ sentiment and confidence in Ethereum , the second-largest digital asset appears to be improving in spite of recent troubling market developments that have hamper its market dynamics. Key metrics show a substantial accumulation of ETH, reflecting its position as a leading asset in the ongo...

Crypto-focused neobank Infini has reportedly suffered a $49.5 million exploit, with stolen funds being swapped to DAI and used to purchase ETH. CertiK first flagged suspicious activity on Feb. 24 at 3:18 am UTC, noting unauthorized transfers from an Infini-related contract on Ethereum ( ETH ). The h...

Cryptocurrency enthusiasts in India, are you ready for a potential comeback? Major U.S.-based crypto exchange Kraken is reportedly setting its sights on an Indian relaunch, signalling a potentially exciting shift in the nation’s crypto landscape. But this journey isn’t without its hurdles. Kraken, l...