Business

Stablecoins highlight ‘structural fragilities’ of crypto — Federal Reserve
- By admin
- . June 17, 2022
The Federal Reserve’s board of governors pointed to stablecoins as a potential risk to financial stability amid a volatile crypto market. In its Monetary Policy

Senators join chorus of disapproval of ‘backdoor regulation’ in SEC staff accounting bulletin
- By admin
- . June 17, 2022
United States Senator Bill Hagerty has sent a letter, cosigned by four other Republican senators, to Securities and Exchange (SEC) Commission chair Gary Gensler urging

US lawmakers urge EPA to consider the potential benefits of crypto mining
- By admin
- . June 17, 2022
A group of 14 United States senators and House representatives have signed a letter to the Environmental Protection Agency extolling what they believe are the

Russia seems to be preparing to mine Bitcoin with flare gas
- By admin
- . June 17, 2022
The Russian government continues establishing links with major players in the cryptocurrency mining industry despite staying skeptical about legalizing cryptocurrency trading and payments. Russia’s state-owned

Crypto’s uses and misuses: Binance–Reuters quarrel raises questions
- By admin
- . June 17, 2022
Crypto exchange Binance has courted controversy almost from its 2017 beginnings, and five years later, the dustups continue. On June 6, the United States Securities

Elusive Bitcoin ETF: Hester Peirce criticizes lack of legal clarity for crypto
- By admin
- . June 17, 2022
The crypto sector may be maturing, but regulatory clarity around the treatment of digital assets continues to remain cumbersome. This was recently highlighted by Commissioner

Crypto lender Babel Finance halts withdrawals due to liquidity pressures
- By admin
- . June 17, 2022
Hong Kong-based asset manager Babel Finance is the latest cryptocurrency lending firm experiencing some serious issues amid the ongoing market downturn. Babel Finance officially announced

NFT platforms in China grow 5X in four months despite government warnings
- By admin
- . June 17, 2022
The popularity of nonfungible tokens is on the rise as recent data shows that the number of digital collectible platforms in China has grown to

President of Panama shoots down crypto bill citing FATF guidelines
- By admin
- . June 17, 2022
Panama’s President Laurentino Cortizo has partially vetoed Bill No. 697 dubbed the “crypto bill†saying it requires more work to better fit Panama’s financial regulations.

Elon Musk gets hit with ‘ridiculous’ $258B Dogecoin lawsuit
- By admin
- . June 17, 2022
Billionaire Elon Musk, along with his companies SpaceX and Tesla Inc, are all being sued for an astonishing $258 billion in damages for being “engaged