People’s Bank of China Targets Crypto Companies in Shenzhen Crackdown

The Shenzhen office of the People’s Bank of China (PBOC) has reportedly set out to correct the business activities of about a dozen companies allegedly engaged in cryptocurrency transactions. According…

Continue ReadingPeople’s Bank of China Targets Crypto Companies in Shenzhen Crackdown

Treasury Dept. wants to ‘capture DeFi’ with infrastructure bill: Jake Chervinsky

General counsel to Compound Labs, Jake Chervinsky, has warned that the Treasury Department wants to “capture” the DeFi sector through the crypto provisions added to the infrastructure bill.

Continue ReadingTreasury Dept. wants to ‘capture DeFi’ with infrastructure bill: Jake Chervinsky

Multi-Billion Dollar Financial Services Firm Lloyds Looks to Hire a Digital Currency Expert

Lloyds Banking Group, the British parent company of Lloyds Bank, is currently hiring a “digital currency [and] innovation senior manager,” according to a recent job listing posted to BYP Network.…

Continue ReadingMulti-Billion Dollar Financial Services Firm Lloyds Looks to Hire a Digital Currency Expert

Billionaire Mike Novogratz unfazed by Galaxy Digital’s $175.8M loss in Q2

Galaxy Digital founder and CEO Mike Novogratz was unfazed by the firm’s $175.8 million loss as he emphasized the importance of digital asset adoption.

Continue ReadingBillionaire Mike Novogratz unfazed by Galaxy Digital’s $175.8M loss in Q2

Charles Schwab Strategist Skeptical of Crypto — Puts Faith in Banking System, Federal Reserve

Charles Schwab’s chief investment strategist says she puts faith in the entire U.S. financial system, the banking system, the power of the central bank, and the Federal Reserve more than…

Continue ReadingCharles Schwab Strategist Skeptical of Crypto — Puts Faith in Banking System, Federal Reserve

Crypto Exchange Bitfront Said to End Korean Services Ahead of Tough New Regulations

U.S.-based crypto trading platform Bitfront is going to discontinue services in South Korea before stricter rules for the industry are enforced in September, Korean media reported. The exchange, a subsidiary…

Continue ReadingCrypto Exchange Bitfront Said to End Korean Services Ahead of Tough New Regulations

Dogecoin Foundation Rebooted, Elon Musk’s Associate and Vitalik Buterin Among Board Advisors

The Dogecoin Foundation that was inactive for years, has relaunched, with a new advisory board that includes notable names such as Tesla and SpaceX CEO Elon Musk represented by his…

Continue ReadingDogecoin Foundation Rebooted, Elon Musk’s Associate and Vitalik Buterin Among Board Advisors