Crypto industry

The UK's Financial Conduct Authority (FCA) has unveiled its stringent vetting results for crypto asset businesses, revealing a mere 13% approval rate. This data, stemming from the introduction of the 5th Anti-Money Laundering Directive (5MLD) in January 2020, highlights the challenges faced by...

Crypto exchange Bittrex reached a settlement over allegations of providing U.S. investors with access to unregistered securities. The agreement entailed a $24 million penalty, to be paid following the submission of the exchange's liquidation plan. Earlier this year, the SEC took legal...

Miami Mayor and U.S. Presidential candidate Francis Suarez is known for his pro-Bitcoin (CRYPTO: BTC) stance, especially if it's in the form of a campaign donation. What Happened: "Officially, my campaign is accepting Bitcoin," he announced on CoinDesk TV. Contributors can now make a...

Coinbase (NASDAQ: COIN) CEO Brian Armstrong has expressed his commitment to continue operations in the U.S., even if it loses its ongoing lawsuit against the Securities and Exchanges Commission. He also expressed his firm's determination to challenge the cease and desist orders...

Cryptocurrency mining company Argo Blockchain (NASDAQ: ARBK), based in London, raised almost $7.5 million by issuing new shares. The funds raised from this share sale, which included a private placement of £5.134 million ($6,635,386.96) and a public sale of £616,000 ($796,143.04),...

The outcome of the SEC v. Ripple (CRYPTO: XRP) case is seen as a pivotal moment in shaping future U.S. crypto regulation, according to a report by Cantor Fitzgerald. The report, which quoted an interaction with Pacific Street Managing Director Gareth Rhodes, suggested that...

Customers Bancorp Inc. has become a significant ally for the cryptocurrency industry. What Happened: The Pennsylvania-based bank has partnered with numerous digital asset firms, including major exchanges, market makers, and stablecoin issuers. This surge in clientele occurred after the collapse of...

Mudit Gupta, the chief information security officer of Polygon (CRYPTO: MATIC), a layer-2 scaling solution, shared his insights on the challenges of practical security in the blockchain and cryptocurrency industry.  During his talk at the Ethereum Community Conference, he highlighted the gap...

Broker Bernstein highlighted that while the U.S. district court found institutional sales of Ripple's (CRYPTO: XRP) token to be in violation of securities law, the fact that it's not considered a security when sold through exchanges or programmatic sales is a major victory for the crypto...

U.S. Securities and Exchange Commission chief Gary Gensler is taking the lead in regulating the crypto industry, while Republicans have yet to propose any restraints on his authority. With the 2024 campaign season approaching, and Democrats controlling the Senate, time is running out for GOP...

The previous head of the U.S Securities and Exchange Commission Jay Clayton on Monday stated that approval of a Bitcoin (CRYPTO: BTC) ETF could be a "hard to resist" prospect, acknowledging the significant strides made in the digital asset space. He said that a well-defined...

Cryptocurrency industry employment has experienced a 10% dip over the last year, and the sector now reportedly employs approximately 190,000 individuals, a noticeable decrease from 210,000 in 2022.  "Lots of people have lost their jobs, and many firms are being kept afloat by the...

The Federal Bureau of Investigation (FBI) raided the Los Angeles residence of Kraken founder Jesse Powell in March, as part of a criminal inquiry focusing on allegations that he hacked and cyberstalked a nonprofit organization. The investigation primarily centers on the accusation made by the...

The Commodity Futures Trading Commission (CFTC) has found that the now-defunct crypto lender Celsius Network (CRYPTO: CEL) and its previous CEO, Alex Mashinsky, violated U.S. regulations prior to the company's collapse. If the CFTC's commissioners concur with these findings, a lawsuit could...

Cryptocurrency exchange Hotbit has reportedly executed a significant rug pull, causing severe damage to the Defi project RichQuack, along with Baby Doge Coin (CRYPTO: BABYDOGE) and Dogelon Mars (CRYPTO: ELON) tokens. RichQuack, in a statement on Tuesday, stated Hotbit sold around 256 trillion...