cryptocurrency industry

As 2023 concludes, the cryptocurrency industry's key figures are looking towards 2024 with a blend of optimism and strategic foresight. Bobby Zagotta, the U.S. CEO of Bitstamp, underscores the need to move beyond the industry's recent difficulties. He is hopeful for the U.S. to proactively...

From 2019 through 2023, the cryptocurrency industry in the U.S. invested a total of $56.44 million in lobbying efforts, according to CoinGecko. What Happened: So far this year, the crypto industry's lobbying spending in the U.S. is about $20.2 million, excluding fourth-quarter (Q4) figures....

A group of Republican lawmakers has called on U.S. Attorney General Merrick Garland to contemplate levying charges against the crypto exchange platform Binance (CRYPTO: BNB), following reports suggesting its potential involvement in financing illicit activities. Binance didn't immediately...

Lawyers representing FTX founder Sam Bankman-Fried have outlined the anticipated testimony he will present in his ongoing fraud trial. The communication, provided as a formal letter to Judge Lewis Kaplan, sheds light on the defense strategy and seeks to counter allegations of misappropriation...

In the vast expanse of the financial cosmos, 2022 emerged not just as another year but as a defining moment for the cryptocurrency industry. Traditional financial behemoths, with their centuries-old legacies, observed from the sidelines, their interest piqued yet their caution was evident....

Continuing her testimony in the ongoing trial of FTX founder Sam Bankman-Fried, Caroline Ellison on Thursday revealed intricate details about the crypto exchange's financial operations and relationships. During her testimony, Ellison confirmed that the company faced no...

Ethereum co-founder Vitalik Buterin discussed potential enhancements to the Ethereum (CRYPTO: ETH) protocol. Amidst the technical details, the core message was clear: Ethereum might be undergoing significant changes, especially in the realm of staking. This revelation comes just...

Assets like Bitcoin (CRYPTO: BTC) and tech stocks, including Nvidia (NASDAQ: NVDA), continue to thrive despite the Federal Reserve's aggressive rate hikes. Bitcoin's value has surged after the FTX (CRYPTO: FTT) crypto exchange's significant downfall, and Nvidia's stock is on the...

The Ukrainian government is requesting financial data from the domestic cryptocurrency sector. The central bank of Ukraine asked four local crypto companies — Kuna, CoinPay, GEO Pay, and Qmall — to submit financial statements for the first two quarters of 2023. Kuna founder and CEO...

The Hong Kong Monetary Authority (HKMA) and the Central Bank of the United Arab Emirates (CBUAE) have agreed to collaborate on cryptocurrency regulation and financial technology development, a move welcomed by experts, who say it is a positive development for the global cryptocurrency industry...

Digital payment platform Strike announced on Monday it integrated Tether's USDT (CRYPTO: USDT) stablecoin into its services. With Tether's inclusion, Strike intends to streamline digital transactions and strengthen its industry standing. The integration follows Strike's recent...

Renowned financial journalist and author Michael Lewis has revealed that he is nearing completion of his latest book, which focuses on Sam Bankman-Fried and the collapse of the FTX crypto empire. Speaking at the Bitcoin 2023 conference, Lewis shared that he conducted extensive interviews...

A report by FTX Trading Ltd. debtors has revealed that the failed crypto exchange lacked fundamental financial and accounting controls, leading to the loss of billions of dollars in customer funds. The report suggests that the collapse of FTX was due to "hubris, incompetence, and greed"...

European Parliament officials will meet on March 28 to vote on the wording of an anti-money laundering bill. The digital assets industry had expressed concerns about the bill, prompting policymakers to return to the original phrasing regarding commercial payments, The Block reported. One provision...

Circle (CRYPTO: USDC) deposited an unknown sum of cash in the now-defunct Silicon Valley Bank (NASDAQ: SIVB), which was one of the U.S.-regulated financial institutions responsible for holding the platform's reserves, as per a USDC Reserve Report. The report stated Circle had listed SVB, along...