Crypto Industry Pushes Back on Treasury’s Proposed Regulations
The crypto industry has expressed its concerns and objections to the U.S. Treasury’s proposed regulations, which aim to align crypto reporting standards with those of traditional financial instruments. The industry claims that the regulations are too broad, vague, and unconstitutional. The U.S. Treasury’s plan to impose stricter reporting standards on crypto brokers has faced strong […]
Blockchain Firm Fnality Raises $95M for Payment System
Fnality International, a blockchain company that aims to create digital versions of major currencies, has secured a $95 million investment from leading financial institutions, including Goldman Sachs and BNP Paribas. Fnality International, a blockchain company that emerged from a UBS project, has raised $95 million in a Series B funding round led by Goldman Sachs […]
CoinEx CEO Haipo Yang’s Writes Open Letter to Users
Haipo Yang, addressed his customers and the cryptocurrency community in an open letter dated October 27, 2023. Haipo Yang, the chief executive officer of CoinEx, addressed his platform’s customers and the broader community of cryptocurrency professionals, enthusiasts, traders, and investors in an open letter dated October 27, 2023. In this correspondence, he provides noteworthy observations […]
Reddit Moons Go Decentralized, Price Surges 130%
Reddit’s r/cryptocurrency community is celebrating the decentralization of its native token, Moons, which has surged in price after an update by the moderators. Reddit Moons, the crypto token of the r/cryptocurrency subreddit, have spiked by over 130% following an announcement that Reddit admins will renounce the Moons contract, making the token fully decentralized and capping […]
Whale Dumps 24M XRP Amidst Fake BlackRock ETF Buzz
Amidst the price volatility of XRP, market data reveals colossal whale transfers associated with the illegitimate BlackRock ETF. Whale Alert, a platform for monitoring cryptocurrencies, has just disclosed information demonstrating massive whale transfers involving the XRP token as of today, November 14. Cryptocurrency investors and traders were mesmerized by the whale transaction, as the token […]