In a major development, Senator Elizabeth Warren (D-MA) has gained the support of five additional senators, including three members of the Senate Banking, Housing and Urban Affairs Committee, for the bipartisan Digital Asset Anti-Money Laundering Act. The bill aims to address the risks posed by cryptocurrencies in terms of illicit finance. This expansion of support
In January 2024, Google is set to update its policies regarding cryptocurrencies and related products. This policy revision will specifically focus on the advertisement of Cryptocurrency Coin Trusts. The aim is to provide users with sufficient information for making informed financial decisions while ensuring advertisers comply with relevant local laws. This article explores the details
Digital asset exchange Binance recently made a major announcement, stating that it will be discontinuing its Russian Ruble (RUB) trading pairs on its peer-to-peer (P2P) platforms as of January 31, 2024. This decision comes as a result of Binance’s exit from the Russian market due to growing concerns over regulatory and compliance issues. In this
The recent flash crash has had a significant impact on the price of Ethereum, leaving it at its lowest point in the past week, below $2,200. As the market attempts to regain some momentum, questions arise as to the triggers of this crash. While several factors may have contributed, one of the most prominent causes
The cryptocurrency market has been experiencing significant volatility in the past 24 hours. Bitcoin, the leading cryptocurrency, has seen a sharp decline towards the $40,000 region amidst a wider cryptocurrency sell-off. However, despite this volatility, Bitcoin has shown relatively slight variations, indicating a phase of equilibrium after recent price spikes. This article analyzes the current
In a recent filing, the U.S. Securities and Exchange Commission (SEC) has requested the court to consider the newly unsealed documents related to Binance and its former CEO Changpeng Zhao’s plea deals with other agencies. This move comes as the SEC seeks to counter Binance and Zhao’s attempt to dismiss the case against them. The
Cardano (ADA) has been one of the standout cryptocurrencies this year, experiencing a substantial price increase of 137% since the beginning of the year. This significant growth has led investors and analysts to speculate about the altcoin’s future price trajectory. With such promising gains, many are wondering if ADA can continue to dominate the market.
The native token of the Polygon network, MATIC, has been making waves in the altcoin market recently. Though it has struggled to break past the $1 mark, there is hope on the horizon. Crypto analyst Ali Martinez has put forward a bullish projection for MATIC’s price in the near future. Martinez points to a symmetrical
The cryptocurrency sector is growing rapidly, but there is a critical issue that many industry experts are now acknowledging – the need to separate exchanges, market makers, and custodians as separate entities. While this practice is common in traditional finance, the cryptocurrency industry has often overlooked it. Caitlin Long, CEO and founder of Custodia, a
The European Union (EU) has emerged as the frontrunner in the global race to regulate artificial intelligence (AI). After three days of negotiations, the European Council and the European Parliament have reached a provisional agreement on what is poised to become the world’s first comprehensive regulation of AI. This landmark agreement has been hailed as
