After a massive hack in 2024, Indian crypto exchange WazirX is opening for business. Elsewhere, regulators like the UK’s Financial Conduct Authority (FCA) are tightening the screws on crypto exchanges. The FCA has issued hundreds of warnings to unregistered crypto exchanges, including Justin Sun’s HTX. In Russia, the finance ministry is reportedly preparing to introduce…
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Over the weekend, California Governor Gavin Newsom signed a bill into law that preserves abandoned Bitcoin (BTC) holdings — a step forward that could provide legal clarity for custodians and crypto holders. The bill was an update to unclaimed property law (UPL) and contained one key provision: Abandoned Bitcoin or crypto holdings that are transferred…
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Senate Democrats submitted a counterproposal to the crypto framework bill last week. Industry advocates are concerned that this will stall progress on the legal clarity for the blockchain industry. The proposal, which has not yet been released publicly, would reportedly impose a number of rules for decentralized finance (DeFi) protocols. Among these is a supposed…
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As crypto adoption increases globally, governments are grappling with the potential impacts on their financial systems and economic stability. This week, several major policy changes have impacted the crypto industry — some that hinder innovation and others that bolster it. In the US, a government shutdown has halted any consideration of crypto-focused exchange-traded funds (ETFs).…
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Over the last two months, at least 31 crypto exchange-traded fund (ETF) applications were filed with the US Securities and Exchange Commission, 21 of which were filed in the first eight days of October. This ETF wave comes amid increased optimism in crypto markets, which have seen impressive gains over the last month. The price…
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Bitcoin’s (BTC) price has slumped in September, but that didn’t stop Michael Saylor’s Strategy from scooping up over 7,000 BTC. Inflows into Bitcoin exchange-traded funds (ETFs) totalled over $240 million in September. This is proving to be a boon for some firms, such as BlackRock, which has generated $260 million in revenue from its ETF…
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Almost a year into the second term of US President Donald Trump, the Commodity Futures Trading Commission (CFTC) still doesn’t have a permanent head. Former CFTC Commissioner Brian Quintenz was Trump’s top choice for the role. A confirmation vote was expected by the end of July but was stalled at the request of the White…
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Crypto markets are up after the US Federal Reserve cut rates. But in other parts of the world, the picture isn’t so rosy. Thai bank customers are experiencing massive bank lockouts, and France says it could block companies operating on crypto licenses obtained in other parts of the European Union. Meanwhile, in Australia, securities regulators…
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As the US Federal Reserve prepares to adjust interest rates on Wednesday, a broader shake-up at the central bank could have serious implications for crypto markets. The Fed is expected to cut interest rates tomorrow, in a move that traditionally signals a rally in crypto markets: Lower yields on assets like bonds mean riskier assets…
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As the EU Council heads to vote on the so-called “Chat Control” law, Germany could prove the deciding factor. Put forward by Denmark, the law would essentially eliminate encrypted messaging, requiring services such as Telegram, WhatsApp and Signal to allow regulators to screen messages before they are encrypted and sent. Legislators from 15 member states…
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