Germany’s BaFin Emphasizes Personalized Approach to NFT Governance
The Federal Financial Supervisory Authority of Germany (BaFin) has released an explanatory note stating that nonfungible tokens (NFTs) are not yet classified as securities. BaFin
Article written by Rachel Aaron
Biden Administration Aims to Close Crypto Tax Loss Harvesting Loophole
U.S. President Joe Biden has proposed a budget that aims to close tax loss harvesting on crypto transactions, a move that could raise up to
Brazil Introduces CBDC Pilot Program, Opening Up Public Usage by 2024
The Central Bank of Brazil has taken a significant step towards financial inclusion by launching its Central Bank Digital Currency (CBDC) pilot project. According to
White Hat Hacker Returns Funds to Tender.fi and Receives $97,000 in Recognition
An ethical hacker has recently exploited the Tender.fi lending platform, which operates on the decentralized finance (DeFi) network. In an unexpected turn of events, the
Binance.US Acquires Voyager Digital’s Assets After Defeating SEC Objection
Binance.US, the American subsidiary of Binance, has received court approval to acquire Voyager Digital’s assets. The SEC had filed a limited objection to the acquisition
Kraken Executive Says Banks Shying Away from Crypto Users
Marco Santori, the Chief Legal Officer for Kraken, recently spoke about the challenges that crypto companies face when trying to establish relationships with banks in
Tether Denies WSJ Claims of Using Fake Documents for Bank Accounts
Tether, the company behind the USDT stablecoin, has rejected a report by The Wall Street Journal (WSJ) alleging ties to entities that faked documents and
Silvergate Bank Suspends Exchange Network, Returns $9.9M to BlockFi
Silvergate, the crypto bank, has announced the discontinuation of its digital assets’ payment network, the Silvergate Exchange Network (SEN), citing a “risk-based decision.” The move
Aave Looks to Deploy on Polygon’s zkEVM Mainnet, Governance Discussions Underway
Aave, the decentralized lending protocol, is exploring the deployment of an MVP of Aave version 3 on Polygon’s upcoming zkEVM Layer 2 network. This strategic
Russian Bank Issues First-Ever On-Chain Bank Guarantee in Chinese Yuan
Moscow Credit Bank has made history by issuing the first blockchain-based bank guarantee in China’s currency, the yuan. The transaction, which exceeded 100 million yuan,
Celsius Begins Withdrawals After Emerging From Bankruptcy
Crypto lender firm Celsius has made an announcement that customers can finally withdraw their assets from the platform, eight months after the company filed for
Ripple CEO Joins Crypto Advocates in Calling for US to Embrace Digital Currency
The opposition against America’s crypto crackdown is mounting as more industry executives join the call to embrace digital assets. Ripple CEO Brad Garlinghouse is the
Binance’s AI NFT creation sells out in hours, signaling growing demand
Binance, the largest cryptocurrency exchange in the world, has launched an AI-powered non-fungible token (NFT) generator called “Bicasso” which has already reached full capacity of
Nigeria Chooses Bola Tinubu as President Amidst Financial Crisis
Nigeria has elected Bola Tinubu as its new president in a hotly contested presidential election, that took place amidst a backdrop of crippling cash shortages
Solana denies on-chain voting behind network outages
Solana CEO Anatoly Yakovenko has denied speculation that the network outages are caused by its on-chain voting system clogging its consensus layer. In a Twitter
Binance USD Delisted by Coinbase Exchange Due to Non-Compliance with Listing Standards
Coinbase crypto exchange, has announced the suspension of Binance USD (BUSD) trading as of March 13, 2023. The decision comes in the wake of a