Lawmaker Suggests Lowering SEC Chief Gary Gensler’s Pay to $1
The proposal to significantly reduce funding for the SEC and other government agencies is outlined in the Financial Services and General Government bill. A lawmaker from the United States proposes that Gary Gensler, the chairman of the Securities and Exchange Commission, be remunerated at a rate of $1 per annum. In a proposed amendment to […]
Spot Bitcoin ETF Craze Spurs Blockchain Games
The surge in the value of numerous cryptocurrencies rekindled investor confidence in the Web3 gaming sector and incited a new surge of on-chain activity associated with the industry. The anticipation of a potential spot Bitcoin exchange traded fund (ETF), according to Yat Siu, founder of Animoca Brands, has not only pushed up the price of […]
WadzPay Receives Initial Approval from Dubai VARA
The license permits WadzPay to initiate preparations for offering virtual asset services and activities under the VASP License for Transfer and Settlement and Broker/Dealer activities. The Dubai Virtual Assets Regulatory Authority (VARA) has issued an “Initial Approval” license to the cryptocurrency company WadzPay, signaling a pivotal step in the company’s pursuit of a Virtual Asset […]
Standard Chartered-Backed Zodia Expands to Hong Kong
The demand for cryptocurrencies in Hong Kong is primarily fueled by institutional investors rather than retail customers, according to Zodia’s CEO. Zodia, the institutional cryptocurrency custody platform jointly backed by Standard Chartered, SBI Holdings, and Northern Trust, is expanding its services to Hong Kong. According to Zodia CEO Julian Sawyer, as reported by CNBC on October […]
Coinbase Debunks Rumors on Bitcoin Weekly Withdrawal Limits
Coinbase has debunked false allegations circulating on social media that it imposes withdrawal limits on Bitcoin. A user’s social media post asserting that crypto exchange Coinbase had imposed a $5,000-per-week limit on Bitcoin withdrawals was widely shared. In response, Coinbase denied the rumors. Meanwhile, a user on X (formerly Twitter) claimed on Oct. 24 that he […]