Cryptocurrency policies are taking shape all around the world as investments in the field rise. The latest country to provide instructions to crypto-businesses is Spain. More specifically, the Bank of Spain has now released instructions for entities wishing to register with the central bank to offer crypto-related services. The central bank has opened a registryContinue reading “Bank of Spain clarifies registration for VASPs, crypto-related companies”

After the financial regulator in the United States approved the first Bitcoin futures exchange-traded fund [ETF], it put invariable pressure on other countries too to consider different crypto products. However, Russia is not going to get swayed away from America’s decision, as the head of the regulator, Elvira Nabiullina recently noted that the central bankContinue reading “This is why Russia is not ready to allow Bitcoin ETF trading”

The Google Threat Analysis Group [TAG] shared a report that noted an ongoing phishing campaign against the creators on YouTube. This exploit resulted in the sale of the channel to the highest bidder or use to broadcast cryptocurrency scams. An update shared by Google stated that the actors behind this campaign could be a groupContinue reading “Crypto scams live-streamed as YouTube channels face phishing attacks”

Within 24 hours of the court approving the Securities and Exchange Commission’s request to postpone the discovery deadline to January 2022, Judge Sarah Netburn has responded to two pending motions in the SEC v. Ripple Labs lawsuit. One of the motions was from defendants Ripple Labs and Chris Larsen to compel the SEC to supplementContinue reading “SEC v. Ripple – Court orders plaintiff to ‘answer Ripple’s interrogatories’”

The Securities and Exchange Commission’s request to extend the deadline to complete Discovery in the lawsuit against Ripple Labs and its execs has been granted. According to documents shared by @CryptoLawUS, the deadline has now been pushed to 14 January 2022. The aforementioned text-only order revealed, “The parties acknowledge that there are likely at leastContinue reading “SEC v. Ripple Labs: Court pushes discovery deadline to January 2022”

The widespread crypto-economy has led a Senate committee on the Australia as a Technology and Financial Center [ATFC], to present its final report in Parliament to regulate the global digital economy. The report detailed 12 recommendations for the regulation of digital assets along with the fintech industry. Like the rest of the world, Australia wasContinue reading “Australian Senate committee proposes regulatory model for crypto”

As the users argue “what’s better,” Ethereum or Binance Smart Chain, the latter saw another decentralized protocol being exploited. PancakeHunny on BSC was attacked by a flashloan and no, this wasn’t a first for the protocol. Blockchain security and data analytics company Peckshield Inc. announced the attack on Twitter. The last time that this protocolContinue reading “Binance Smart Chain DeFi protocol PancakeHunny suffers flash loan attack”

The Ripple-effect can be felt in various corners of the world including the United Arab Emirates. Al Ansari Exchange, the UAE-based foreign exchange and money transfer company announced the expansion of its partnership with Ripple to deliver cross-border payments. In doing so, Al Ansari exchange will be leveraging RippleNet in conjunction with MoneyMatch, a leadingContinue reading “UAE exchange expands partnership with Ripple, for cross-border payments”

Bitcoin’s value once again hit the top above $60,000. At the time of writing, it was surfing just above $65,000, and the market seemed to strongly support this value. However, the pertinent question is, will Bitcoin hold on to this level? Difficult to say, given this was still uncharted territory for Bitcoin. After hitting the previousContinue reading “Bitcoin hits new ATH after Futures ETF launch pushes it past $65,000”

El Salvador is on a mission to popularize the use of Bitcoin within the country’s borders and it may be reaching its goal, one citizen, at a time. According to President Nayib Bukele, the adoption of Bitcoin was gaining momentum as the citizens were increasingly exchanging their U.S. dollars for Bitcoin. The President provided dataContinue reading “El Salvador prefers Bitcoin over the US dollar”

The market is running hot and most crypto products were seeing great interest from investors to secure their earnings. One such product was the Ethereum-based leverage trading protocol, dYdX. The decentralized exchange was noting tremendous interest from the users and this was reflected in daily trading volume surging past $10 billion, flipping prominent exchanges likeContinue reading “dYdX continues to attract users, rubs shoulders with Coinbase, Uniswap”

While financial scams are not uncommon in today’s world, of late the cryptocurrency industry appeared to be making a special name for itself. In the United States, the financial authorities have been keeping a keen eye on crypt businesses and investments. In fact, they have an alarming update for the industry again. Treasury Department’s FinancialContinue reading “Report reveals $5.2billion worth of Bitcoin transactions linked to…”