The Federal Reserve’s pursuit of a ‘reverse wealth effect’ is undermining crypto
The Federal Reserve is seeking to push investors into reevaluating their portfolios by injecting chaos into markets.
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Onecoin Co-Founder Pleads Guilty to Fraud Charges in US
Karl Sebastian Greenwood, a co-founder and operator of Onecoin, has pled guilty to his part in building the notorious crypto pyramid. The fake cryptocurrency’s “global master distributor” has been in…
Binance to Help Azerbaijan With Crypto Regulations
Cryptocurrency exchange Binance has offered to support Azerbaijan in efforts to establish regulations for digital assets. The leading coin trading platform has been active in the region this year, seeking…
National Bank of Kazakhstan Publishes Whitepaper for Digital Tenge
The central bank of Kazakhstan has completed the second phase of testing for its digital currency and published a whitepaper. The studies carried out by the regulator on its introduction…
Crypto Futures ETFs Raise More Than $73 Million Ahead of Hong Kong Launch
Hong Kong’s first crypto-based exchange-traded funds (ETFs) have attracted over $73 million ahead of their debut on the region’s stock exchange. The launch of the two ETFs tracking cryptocurrency futures…
Bank of Russia Moves to Safeguard Crypto Companies Against Sanctions
The Central Bank of Russia has introduced measures to protect entities working with digital assets from sanctions pressures. These businesses will be exempted from some reporting requirements as part of…
Time for Serious Global Crypto Regulation, Germany Says
Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the…
Russian Social Media Giant Vkontakte Launches NFT Service
Russia’s largest social network, Vkontakte, has launched a feature allowing users to upload digital collectibles to the platform. Account holders will also be able to buy and sell them in…
Amid Withdrawals, Binance CEO Warns of Bumpy Months Ahead
Binance founder Changpeng Zhao (CZ) has reportedly told staff to expect some difficult months as the leading cryptocurrency exchange is seeing customer withdrawals. The warning comes while the crypto industry…
Russia Cracking Down on Crypto Miners Minting in Residential Areas
Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are detecting their increased consumption…
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