This week in crypto, Silicon Valley Bank’s former parent company, SVB Financial Group (SIVB), filed for Chapter 11 bankruptcy protection, with Signature bank following in its footsteps. Despite these foreboding events, bitcoin (BTC) has rallied to its highest price since June 2022. Meanwhile,...
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Justin Sun, accusing him of selling unregistered securities offerings, manipulative trading, and illegal promotion of crypto assets, involving the enlistment of celebrities to boost public interest in TRX and BTT tokens....
Cryptocurrency companies could look towards overseas financial hubs as the U.S. crypto crackdown intensifies. Soon, the country may no longer be an industry leader. More attractive offers beyond the US Countries like Dubai, Europe, Hong Kong, and Singapore are becoming more attractive for...
The Virtual Assets Regulatory Authority (VARA) in Dubai is set to roll out new rules of engagement that will serve as an operational guide for crypto firms domiciled in Dubai. The apex regulatory body’s published rule book encapsulates detailed requirements and operational guides...
Legislators at France’s National Assembly are planning to force crypto firms to apply for licenses starting Jan. 1, 2024. According to Daniel Labaronne, one of the caucus members responsible for the new legislation, the local Finance committee gives new entrants one more year...