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” Groceries to luxury cars: The state of crypto adoption in Dubai “ The city of Dubai has been very welcoming to the crypto space, providing the much-needed regulatory clarity to help the industry thrive. While this attracts native Web3 and crypto businesses to the emirate, even non-crypto businesses started integrating technologies like crypto, nonfungible…
” BIS-funded regulator to probe DeFi entry points like stablecoins “ The Financial Stability Board (FSB), the financial regulator funded by the Bank for International Settlements (BIS), is pushing international regulations for decentralized finance (DeFi). The FSB on Feb. 16 issued a report on the financial stability risks of DeFi, highlighting major vulnerabilities, transmission channels…
” Bitcoin single-day price surge linked to billions in USDC inflows “ Bitcoin (BTC) hit a six-month high of $24,800 on Feb. 16, registering a double-digit surge of 15%. The single-day Bitcoin price surge took many by surprise, given February has been historically bearish for the top cryptocurrency. BTC’s price rose by $1,820 in a…
” Wyoming lawmakers pass bill to prevent forced disclosure of private keys “ Wyoming lawmakers have passed a bill that will prohibit courts in the state from forcing someone to disclose their digital asset private keys, with one minor exception. The bill was passed through the Wyoming House of Representative in the state’s 67th general…
” The SEC shook Kraken down for $30M, but it doesn’t mean they had a case “ The settlement between Kraken (Payward Ventures) and the United States Securities and Exchange Commission set off alarm bells in the crypto community this month. Apparently, Kraken — one of the most compliance-minded crypto exchanges in existence — decided…
” US lawmakers reintroduce bill to remove roadblocks for crypto investments in retirement accounts “ Alabama Senator Tommy Tuberville has reintroduced legislation aiming to allow United States 401(k) retirement plans to include exposure to cryptocurrencies. In a Feb. 15 announcement, Tuberville said the Financial Freedom Act — which he first introduced to the U.S. Senate…
” Price analysis 2/15: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC “ Bitcoin (BTC) is leading the cryptocurrency markets on the path to recovery. Although the United States Consumer Price Index (CPI) print for January was marginally higher than expectations, it did not dent the enthusiasm of bullish crypto trader. A positive…
” SEC enforcement action creates a silver lining for GMX, Lido (LDO) and Maker (MKR) price “ The United States Securities and Exchange Commission (SEC) has started ramping up its crackdown on the crypto industry and recent enforcement actions had a negative impact on crypto prices last week and at the start of this week. …
” Zipmex says it may resume 100% of Z wallet withdrawals subject to conditions “ According to a new press release on Feb. 15, Thai cryptocurrency exchange Zipmex stated that it sent a new scheme to all firm’s eligible creditors through its scheme manager KordaMentha. As told by Zipmex, the creditors have until Feb. 21,…
” Kansas state lawmakers look to cap crypto political donations at $100 “ Lawmakers in the Kansas House of Representatives have introduced a bill proposing to amend the legislature’s rules on political campaign donations. According to the bill, no person would be allowed to make or accept crypto contributions of more than $100 for any…