Business

Russia aims to replace US dollar reserves with digital assets in long term

As Russia continues pushing de-dollarization, the Ministry of Foreign Affairs (MFA Russia) is reportedly considering replacing the United States dollar with not only traditional fiat

Business

Crypto lender Nexo confirms NYAG order, calls it a ‘mix up’

Cryptocurrency lending firm Nexo Financial denies the allegations of offering unregistered services to New Yorkers put forth by Attorney General Letitia James. Attorney General James

Business

El Salvador removes BTC price feed from Chivo app to crack down on arbitrage scalpers

The Salvadoran government has moved to prevent users of its Chivo digital wallet from gaming the app’s price freeze feature to glean risk-free profits through

Business

Analysts predict Valkyrie will launch Bitcoin Futures ETF this week

Commentators are predicting that a second futures-based Bitcoin exchange-traded fund (ETF) will go live by the end of the week following the launch of ProShares’

Business

Ghana to explore offline transactions for upcoming CBDC

Ghana is working to develop offline capabilities for its forthcoming central bank digital currency (CBDC) in a bid to promote its use across all segments

Business

US Treasury says it must ‘modernize and adapt’ to digital currencies

The United States Department of the Treasury has issued a review on sanctions and suggested the government do more to develop its infrastructure and policies

Business

NYAG directs 2 crypto firms to shut down, investigates 3 others

The New York Attorney General’s office has alleged two unnamed crypto lending platforms operating in the state have engaged in unlawful activities and ordered three

Business

Law Decoded: Best regulation is self-regulation, Oct. 11–18

Between fever-pitch anticipation over the impending approval of a Bitcoin exchange-traded fund, the Commodity Futures Trading Commission’s $42-million-plus settlement with Tether and Bitfinex, and Vladimir Putin brooding

Business

ProShares Bitcoin ETF to debut on NYSE on Oct. 19

The first Bitcoin (BTC) futures-linked exchange-traded fund (ETF) in the United States, ProShares’ Bitcoin Strategy ETF, will begin trading on the New York Stock Exchange

Business

New York businesses ask governor to deny permits for crypto mining

The New York State Governor Kathy Hochul has been asked by a group of local businesses to deny permits for converting the city’s old fossil-fuel