Gold Slides on Higher US Treasury Yields, Dollar
Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate…
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US needs to regulate stablecoins to keep a strong dollar: Stellar CEO
The United States and the greenback will suffer if stablecoin regulations are not rolled out this year, Stellar Development Foundation's chief has claimed.
Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports
Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the…
Credit Suisse, UBS, Other Banks Facing Russia Sanctions Probe in US, Report
Switzerland’s troubled Credit Suisse and its rescuer, USB, are subject to an investigation into whether bankers helped Russian oligarchs evade Western sanctions, according to a media report. Some major U.S.…
Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges
Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow…
Coinbase beats Q4 earnings estimates amid falling transaction volume
Transaction volume on the exchange fell 12% in 2022's fourth quarter, but the firm still beat forecast earnings despite a 57% year-on-year revenue drop.
Russian Charged With Laundering Ransomware Proceeds in Crypto Pleads Guilty in US
A Russian national accused of processing cryptocurrency payments from ransomware attacks has pleaded guilty to money laundering in the United States. The man who was extradited from the Netherlands in…
Crypto Bank Custodia Denied Membership in US Federal Reserve System
The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced Friday, the application submitted by…
CFTC commissioner: Crypto exchanges shouldn’t ‘self-certify’ tokens
Commissioner Christy Goldsmith Romero wants crypto exchanges blocked from self-certifying crypto and crypto products before going live on their platforms.
Bitconnect Victims to Receive Over $17 Million in Restitution From Ponzi Scheme
More than $17 million in restitution will be distributed among investors in the pyramid scheme Bitconnect under a court order in the United States. The notorious crypto investment scheme defrauded…
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