New OCC head demands audit of cryptocurrency rules
Pierre Dadd joins Terra Virtua as market director after over 20 years of involvement with promoting and brand improvement for different entertainment organizations. The United States’ banking regulator, the Office of the Comptroller of the Currency, is set to review cryptocurrency-related rulemaking following Brian Brooks’ departure. Michael Hsu, the newly-appointed Acting Comptroller of the Currency, has requested […]
What Beijing’s new crackdown means for cryptocurrency in China
Chinese regulators have fixed limitations that boycott monetary organizations and installment organizations from offering types of assistance identified with cryptocurrency, denoting a new crackdown on advanced coins. A significant number of the new guidelines develop past limitations focused on digital forms of money and close escape clauses that had permitted some account and installment firms […]
DeFi-powered banks becoming an unstoppable force in finance
Banks lack an innovative streak, but cutting-edge DeFi protocols often have a usability problem. Is combining the two the answer? For decades, a lack of innovation has stifled the banking sector. We still live in a world where cross-border payments can take several days, and inefficient algorithms deny loans to consumers who can afford to […]
Crypto Ban: Indian government to reconsider
Reports are emerging that India’s government may be reconsidering its stance on cryptocurrencies with the formation of a new regulatory panel. A May 19 report in the Economic Times , cited three sources privy to discussion on the formation of a fresh panel of experts with a view to regulating cryptocurrency trading in India. The move […]
BTC drops below $40K, Bitcoin influxes to centralized exchanges surge
High Bitcoin inflows to centralized exchanges have prompted predictions of further bearish momentum on social media. Bitcoin inflows to centralized exchanges have surged, prompting bearish speculation the crypto markets could be building up to a violent wash-out. Lex Moskovoski, CIO at Moskovoski Capital, shared data showing that 22,917 BTC was transferred onto centralized exchanges in […]