Markets

Executives at Cryptocurrency Exchange Coinbase Opened up to the Public About their Company's Regulatory Woes on April 27

Cameron Winklevoss, co-founder and CEO of New York-based cryptocurrency exchange Gemini, has accused US regulators of double standards in their handling of the First Republic Bank crisis.

The Securities Commission of the Bahamas (SCB) published a draft of the Digital Assets and Registered Exchange (DARE) Bill of 2023 on April 25. The comprehensive bill will be negotiated with the aim of enacting it by the end of the quarter.

South Korean lawmakers have passed the first phase of a review of proposed regulations that would give the country's Financial Services Commission the power to investigate and monitor financial activities related to “digital assets,” including cryptocurrencies.

Circle CEO Jeremy Allaire says US regulators' crackdown on cryptocurrencies is a major factor in its stablecoin's USD Coin drop.

The New York Fed issued new rules for counterparties wishing to use its money market balancer, creating uncertainty about stablecoin issuer Circle's intentions to use the Fed's system.

Belgian cryptocurrency exchange Bit4You has suspended all operations, including withdrawals, amid an insolvency investigation of one of its main partners.

Cryptocurrency exchange Kraken is battling the IRS and its demands to turn over key exchange user information to the courts. The exchange dismissed the IRS request for customer information as an "unreasonable treasure hunt."

Celsius Creditors Claim Some FTX Users Engaged in Shady Transactions That Could Manipulate Celsius Prices, Tokens of 2022. Creditors are seeking the help of a bankruptcy judge to uncover the identities of the users in question.

Hong Kong's Securities and Futures Commission (SFC) will reportedly release guidelines for cryptocurrency trading licensing next month.

Jeremy Allaire, CEO of stablecoin issuer Circle, said the US must implement stablecoin legislation and digitize the US dollar to ease the current “very active de-dollarization process” around the world.

Wainwright, an analyst from the well-known New York investment bank HC, announced the end of the "encryption winter".

Meta's metaverse unit and Reality Labs lost nearly $4 billion, while the first quarter was strong for Mark Zuckerberg's social media empire, which ended up with a profit of $5.7 billion.

Blockchain security firm CertiK is launching a compensation plan to cover $2 million lost during the public sale of decentralized exchange Merlin's MAGE token.

US Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero has proposed reducing the anonymity of cryptocurrencies as a means of managing risks associated with digital assets.

Romania's National Informatics Research and Development Institute (ICI Bucharest) aims to drive Web3 adoption in the country by launching an in-house non-fungible token trading platform.

Emerging technologies such as blockchain are ushering in a new era of human interaction with the digital world. It's an ever-evolving topic for thought leaders inside and outside the industry trying to predict how such technologies will enable changes in the human experience.

Solana Users will soon be able to interact with the network through an open-source plugin enabled on OpenAI's artificial intelligence (AI) chatbot, ChatGPT.

Creditors of Singapore-based cryptocurrency lender Hodlnaut have reiterated their desire to liquidate the company, which has been under judicial administration since August 2022. Interim Judicial Manager (IJM) Aaron Loh Cheng Lee on the notification of the updated case.

Tech conglomerate Alphabet has expanded its Google for Startups cloud program.