Kazakhstan Launches Consultation on Proposals to Improve Crypto Trading
The Astana Financial Services Authority, the body that oversees the Astana International Financial Center (AIFC), has published a consultation paper detailing proposals aimed at upgrading Kazakhstan’s regulated ecosystem for cryptocurrency operations.
Founder of Crypto Scheme My Big Coin to Serve Over 8 Years in Prison
Randall Crater – the Founder of the fraudulent cryptocurrency business “My Big Coin” – will spend 100 months in jail.
UNDP: Crypto and Stablecoins Can Improve Financial Inclusion in Africa
A UNDP report on cryptocurrency in Africa suggests that crypto and stablecoins could improve financial inclusiveness to the unbanked and provide additional benefits.
CFTC Commits to Regulating Crypto Products That Are Not Securities
The U.S. Commodity Futures Trading Commission (CFTC) committed to regulating crypto tokens not classified as securities during a conference on Feb. 3.
US Congress to Hold ‘Crypto Crash’ Hearing on Feb. 14
In a Feb. 3 announcement, Senate Banking Committee chair Sherrod Brown said senators would convene on Feb. 14 in a hearing titled ‘Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets’. The hearing will come two months after lawmakers met and discussed the collapse of crypto exchange FTX in a Dec. 14 hearing.
Crypto To Witness A Surge In Trading Activity In The Next 12 Months: JPMorgan
In the latest survey by investment bank JPMorgan Chase, professional traders are looking to increase their crypto trading volumes in the next 12 months. Despite the recent market volatilities that caused major blowups in the sector, there is a positive outlook, particularly among institutional investors.
Why Crypto Is Not an 'Industry'
What term should we use to describe the collective of individuals and projects working to further the use cases of blockchain technology? Are we an industry, a sector or something else? Noelle Acheson explains why this matters more than we might realize.
Stronghold Digital Mining Files Share Sale Prospectus As It Seeks To Preserve Cash
Stronghold Digital Mining filed a prospectus to sell up to 10 million Class A shares as part of its efforts to preserve cash.
U.S. Unemployment Rate Falls To 3.4%; Crypto Market Turns Red
The most current report on nonfarm payrolls from the Bureau of Labor Statistics indicates that the United States added 517,000 jobs for the month of January. Although this is higher number than the previously reported 223,000 jobs in December, it’s much greater than the 118,000 jobs that economists had expected would be added. The unemployment rate has been reported to be 3.4%, which is significantly lower than the assumption that it would remain constant at 3.6%.
Silvergate Bank Stock Plunges After Report of DOJ Investigation Into Ties With FTX and Alameda
Silvergate shares have seen a sharp drop in pre-market trading following the news that US officials have launched a probe into the crypto bank's dealings with fallen crypto giants FTX and Alameda Research.
