SEC Chair Gary Gensler: Crypto Is Centralized Unlike Decentralized

The SEC chair stated that new technologies can help to create new types of economic contests. Gensler’s remarks on the rise of centralization in the crypto ecosystem. Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), criticized what he believed to be the excessive control held in the market by centralized cryptocurrency exchanges. … Read more

Crypto industry welcomes Rishi Sunak, a ‘champion of fintech’

New Delhi, Oct 25 (IANS) Indian-origin Rishi Sunak who is set to take charge as the British Prime Minister, shepherded the UK’s new crypto ambitions during his tenure as Chancellor. Under former Prime Minister Boris Johnson, he wanted to turn the country into a crypto hub, reports CoinDesk. He helped formulate the Financial Services and … Read more

U.S. Commissioner pushes lawmakers to speed up with crypto regulations

While the European Union moves swiftly through the legislative stages with the Markets in Crypto-Assets (MiCA) framework, a groundbreaking framework for cryptocurrencies, its financial services chief implores its American counterparts to keep up to ensure that the upcoming regulations will be global, not local. Mairead McGuinness, commissioner for financial services at the European Commission, highlighted … Read more

This crypto wallet provider will suspend Russian accounts by Oct. end

Crypto wallet provider Blockchain.com has become the latest company to halt its services for Russian nationals following the European Union’s eighth package of sanctions against Russia.  Account suspension by the end of October Russia’s RBK Group reported on 14 October that Russian users of Blockchain.com have until 27 October to withdraw their funds from the … Read more

Coinbase secures its crypto license in Singapore, but…

The largest cryptocurrency exchange in the United States, Coinbase (NASDAQ:), announced that Singapore’s central bank had approved it to provide payment services in the city-state. Individuals and institutions can now use services for digital payment tokens thanks to the in-principle approval the central bank granted to crypto firms last year. The firms are also subject … Read more

Middle East, North Africa are emerging as major crypto markets- Here’s why

A new report published by blockchain intelligence firm Chainalysis shed light on some interesting news coming out of the Middle East and North Africa (MENA) region. The report found that MENA was among the top adopters of crypto, with its crypto market growing at the fastest pace. Although this region represented a relatively smaller area, … Read more

Indian crypto exchange WazirX fires 40% of staff: Report

New Delhi, Oct 2 (IANS) Amid the current global economic slowdown, crypto exchange WazirX has reportedly laid off 40 per cent of its total workforce. A total of 50 to 70 employees of the 150 workers at the exchange were asked to go, CoinDesk reported, citing sources. The laid-off employees were informed on Friday that … Read more

Biden on Taiwan, NAHB Survey, Crypto Slump – What’s Moving Markets

By Geoffrey Smith  Investing.com — U.S. President Joe Biden again warns China that U.S. forces would defend Taiwan in the case of an “unprecedented attack”. The U.K. closes its markets as it says goodbye to Queen Elizabeth II. Cryptocurrencies slump as investors lack the stomach for a week of aggressive central bank action, and Volkswagen … Read more

Indian Blockchain industry hails Ethereum merger for greener crypto

New Delhi, Sep 15 (IANS) The Indian blockchain industry on Thursday hailed the historic upgrade of , known as the ‘Merge’, that will create a more energy-efficient network based on the second largest cryptocurrency (after ) with a promise to save the environment. The Merge was the most complicated upgrade to Ethereum to date– from … Read more

Hiring at crypto exchange Coinbase up 33% despite recent layoffs

New Delhi, Sep 5 (IANS) Despite laying off 1100 employees, leading cryptocurrency exchange Coinbase (NASDAQ:), its full-time employee count stood at 4,977 at the end of the June quarter (Q2) — a 33 per cent rise from the 3,730 workers it had at the end of Q4 2021, a report showed on Monday. According to … Read more