Bitcoin News

Crypto exchange giant Coinbase CEO Brian Armstrong predicts that the current crypto winter will persist for 12 to 18 months. He acknowledged that his organization is ready for a prolonged bear market due to the fact that it is accompanied by a larger macroeconomic problem. The top executive recently stated in an interview with CNBC that the […]

Many people were startled when the United States Treasury Department’s Office of Foreign Assets Control (OFAC) decided to add the well-known Ethereum-based crypto mixer Tornado Cash as an entity on the Specially Designated Nationals (SDN) sanction list. An uproar from privacy and free speech supporters was triggered by the later deletion of its source code […]

Australia’s Securities and Investments Commission (ASIC), which serves as the country’s primary financial regulator, has stated that it intends to give crypto and decentralized finance (DeFi) a significant amount of attention over the course of the next four years. As part of its four-year strategic “Corporate Plan” that stretches all the way to 2026, the […]

One of Coinbase’s users has filed a lawsuit against the company for failing to maintain access to its clients’ accounts during times of significant market volatility. Plaintiff George Kattula asserts that the exchange “does not properly employ standard techniques to keep consumers’ accounts secure” on behalf of all Coinbase wallet and account owners. Coinbase “improperly […]

Despite being a vocal proponent of bitcoin, Anthony Scaramucci, the founder of the financial firm SkyBridge Capital, does not think the biggest cryptocurrency has yet attained the stature of a hedge against inflation. He believes that this will occur once there are one billion Bitcoin wallets. In an interview with CNBC, Scaramucci claimed that, for now, it […]

While responding to the allegations from the Federal Deposit Insurance Corporation (FDIC), two top executives from the crypto exchange platform FTX said that the agency’s statements were “false.” FTX Chief Executive Officer Sam Bankman-Fried took the matter to Twitter and told his 761K followers that the crypto exchange giant is not FDIC-insured and that only the banks […]

TheCoinRise is back with another week’s summary about the regulatory involvements, announcements, and developments in the crypto market. Crypto Exchange News The Nevada Department of Business and Industry Financial Institutions Division recently issued a money transmitter license to Binance US, the largest cryptocurrency exchange’s US unit. Additionally, the Astana Financial Services Authority (AFSA) has given Binance its In-Principle Approval to […]

The United States subsidiary of the crypto exchange giant Binance, Binance US, has recently received its Money Transmitter License from the Nevada Department of Business and Industry, Financial Institutions Division. On Thursday, the exchange’s US division announced the new approval and said that it is a part of its plans to offer fully regulated services in […]

Russian Siberian crypto mining operations held by SBI Holdings, a Tokyo-based provider of online financial services, will close shop. The company claimed that this decision was made in part because of the conflict between Russia and Ukraine. The decision to withdraw was made in light of the geopolitical unpredictability brought on by the ongoing Russia-Ukraine conflict […]

The CEO of Coinbase, Brian Armstrong, declared on Thursday that despite his company’s substantial stake in the Ethereum protocol, he would not censor the blockchain. He would rather shut down the service if required to by the government, he added. In answer to a query from an Ethereum developer about the centralization of staked ETH, […]

The Financial Services Commission (FSC), South Korea’s financial sector regulator, intends to prohibit domestic access to foreign crypto exchanges that are not recognized by the nation.  By September 24, these trading platforms must have the appropriate licenses, as their websites will be immediately blocked if they don’t comply. Additionally, users who continue to do business […]

The Australian Securities Watchdog has given renowned digital asset manager Monochrome permission to launch spot Bitcoin exchange-traded fund or ETF. Monochrome is among the first asset management companies to obtain an Australian financial services license (AFSL) from the Australian Securities & Investments Commission (ASIC) for crypto-related ETFs, according to an official release. The company stated that […]

The United Kingdom’s Financial Conduct Authority (FCA) has given regulatory approval to the leading crypto exchange platform Crypto.com to operate as a crypto-asset business in the region. The exchange revealed the most recent registration and regulatory approval on Wednesday. In the statement, the UK’s crypto ecosystem was highlighted, and it was noted that adoption had increased by […]

Publicly-traded renowned Bitcoin mining firm Stronghold Digital Mining (SDIG) announced that it intends to return over 26,000 mining equipment to New York Digital Investment Group (NYDIG) in order to considerably minimize its debt. One of the top bitcoin companies, NYDIG, assists miners in financing mining hardware and power infrastructure. After receiving a legally enforceable commitment […]

The Indian State Police is looking for the creator of the cryptocurrency Ponzi scheme BitConnect. The founder of BitConnect, Satish Kumbhani, is now a topic of interest to many regulatory agencies. A local Indian source claims that Kumbhani is currently being looked into by the Federal Bureau of Investigation after being accused of running a […]

Two months after receiving approval from New Zealand’s regulatory authorities for registration, the world’s leading cryptocurrency exchange platform, Huobi, will stop providing its derivatives trading services to users in the nation. Huobi shuts doors for New Zealand users Huobi said on August 16, 2022, that as of August 23, 2022, users in New Zealand would […]

The impact of cryptocurrencies should be kept to a minimum in developing countries, according to the United Nations Conference on Trade and Development (UNCTAD). The organization claims that digital assets are unreliable financial products that could further destabilize already fragile economies. Warning against cryptocurrencies  According to various studies, cryptocurrencies are more common in nations where […]

The United States Commodities Futures and Trading Commission has charged an Ohio resident who operated a $12 million crypto-related Ponzi scheme. The individual perpetrated the deception, according to a charge the CFTC filed at a district court in the region on Thursday. ENFORCEMENT NEWS: CFTC Charges Ohio Man and His Companies with Fraudulently Solicitating Over $12 Million […]