Cryptocurrency Merchant Services: The Solution for High-Risk Businesses
In the world of business, there are many industries that are considered high-risk. These industries include adult entertainment, online gambling, and CBD products.
Over $137M Worth of Crypto Liquidated in 24 Hours As Market Falls
Over $137M worth of crypto were liquidated in the last 24 hours as the crypto market experienced a fall. Bitcoin fell by -2.49%, dragging most altcoins down with it. Out of $137.22 million liquidated, $62.9 million came from BTC, while Ethereum had $31.53 million.
Hong Kong Seeks to Help Crypto Firms Escape Their Exile From the Banking Sector
Hong Kong urged banks to provide services to licensed virtual-asset firms, part of the city’s push to become a crypto hub and a stance that contrasts with a crackdown on the digital-asset sector in the US.
31% of New Crypto Buyers Influenced by Friends
Nearly a third — 31% — of new cryptocurrency investors in 2022 used a friend’s suggestion as their primary reason for buying in, according to a recent joint study published by the Financial Industry Regulatory Authority Investor Education Foundation and NORC at the University of Chicago. Friends’ recommendations were the No. 1 motivating factor for new crypto buyers.
zkSync Era Attracts More Than 450,000 Unique Wallets Deposit over $250 Million in One Month
April 29 (Cointime) - Crypto project zkSync Era net has received over $250 million in net deposits from more than 450,000 unique wallets in just over a month since its launch, according to data from Nansen.
The President Will Sign Crypto Legislation Within 12 Months: Cynthia Lummis, Patrick McHenry
Crypto-supportive Republican policymakers Patrick McHenry and Cynthia Lummis provided the latest updates on digital asset legislation at Consensus 2023 – and they’re highly optimistic.
Crypto Securities Debate: John Deaton Sends Open Challenge to the SEC
Pro-Ripple attorney and crypto lawyer John Deaton has sent an open challenge in response to the latest video message from Gary Gensler, the Chairman of the United States Securities and Exchange Commission (SEC) in which he reprimanded startups operating in the crypto ecosystem for falsely tagging their products as non securities.
U.S. SEC Runs Down Another Crypto Firm, Imposes Hefty $4M Fine
The U.S. Securities and Exchange Commission (SEC) has levied a gargantuan fine of approximately $4 million on Coinme, a company based in the heart of Seattle. In addition, the finanical watchodg has charged a few other defendants related to the case, for engaging in an unregistered and fraudulent marketing of a cryptocurrency asset called UpToken.
FDIC Says Signature Bank Failed Due to Mismanagement, Risky Crypto Deposits
The U.S. Federal Deposit Insurance Corporation (FDIC) investigation into the collapse of Signature Bank found that the root cause of its troubles was “poor management” and risky crypto deposits.
Crypto Industry Is 'Absolutely' at War Against Gensler, Warren, Blockchain Association CEO Smith Says
The crypto industry is "absolutely at war" against policy and lawmakers in the U.S., particularly against Securities and Exchange (SEC) Chairman Gary Gensler and Senator Elizabeth Warren (D-Mass.), Blockchain Association CEO Kristin Smith said.
