BIS says crypto is a ‘flawed system’ but tokenization could underpin future financial system

The Bank for International Settlements (BIS) said crypto and DeFi have highlighted “tokenization’s promise,” but ultimately, crypto is a “flawed system” that cannot become the “future of money.” The global watchdog made... Read more »

Bill recognizing crypto as ‘regulated activity’ in UK passes House of Lords

The United Kingdom’s House of Lords passed the Financial Services and Markets Bill today, marking a major step in the country’s effort to regulate crypto-assets and their providers. Introduced on July 20,... Read more »

Fidelity rumored to make “seismic” crypto move soon

Fidelity is rumored to be planning a “seismic move” in the crypto markets, according to Andrew Parish, co-founder of Arch Public. The asset management firm describes itself as “crypto-curious,” having mined Bitcoin... Read more »

Three regions poised to benefit from a U.S. crypto exodus

The US crypto space is in disarray. In March, its foreshadowing was already in full view when the prestigious law firm, Cooper & Kirk, released the paper Operation Choke Point 2.0: The... Read more »

Insights from BTSE’s CEO and COO

DOGE. PEPE. AI altcoins. Every now and then a memecoin explodes into the stratosphere, and we’re all left wondering how exactly it all happens. We sat down with the top execs at... Read more »

NYAG releases documents detailing Tether’s exposure to Chinese securities in 2021

Documents provided to the New York Attorney General’s office as part of Tether’s settlement in 2021 reveal that the company held Chinese securities in the reserves backing its stablecoin USDT at the... Read more »

BlackRock spot Bitcoin ETF ‘not happening,’ application politically motivated, says Noelle Acheson

Noelle Acheson of the Crypto is Macro Now newsletter poured cold water on the possibility of the U.S. Securities Exchange Commission approving BlackRock’s Bitcoin ETF application, saying, “It’s not going to happen.”... Read more »

Mark Cuban debates crypto regulations with former SEC official

A recent Twitter exchange between two prominent figures in the world of finance and technology, entrepreneur Mark Cuban and former SEC official John Reed Stark, has drawn attention as an example of... Read more »

FDIC orders OKCoin to correct misleading insurance claims

The U.S. Federal Deposit Insurance Corp. (FDIC) has issued a cease and desist letter to OKCoin, warning the exchange about misleading statements regarding its insurance status. In a  June 15 letter, the... Read more »

Do Kwon’s detention extended six months by Montenegrin court

A Montenegro court has extended Do Kwon’s detention by six months as he awaits trial for potential extradition, Agence France Presse reported Thursday. The former Terraform Labs CEO has been in custody... Read more »