Pennsylvania is considering a tough new law to keep crypto out of the hands of its public officials. A Democratic lawmaker, Rep. Ben Waxman, recently proposed a bill that would severely restrict how officials and their families can deal with cryptocurrency. What the Bill Does House Bill 1812 would make it illegal for public officials…
South Korea’s biggest banks are getting serious about stablecoins. They’re in talks with two major players in the stablecoin world: Tether (USDT) and Circle (USDC). Major Banks Eyeing Stablecoin Partnerships According to YonHap news agency, top executives from four huge South Korean financial groups are meeting with Tether and Circle this week. This isn’t just…
Are companies using Bitcoin as a reserve currency making a smart move, or are they taking on unnecessary risk? A recent analysis suggests the latter. The Risks of Bitcoin Treasuries Using cryptocurrencies like Bitcoin and Ethereum in corporate treasury management is a hot topic, but experts are raising serious concerns. While crypto is increasingly used…
Kroll, a big-name financial firm, is in hot water. A class-action lawsuit claims they messed up big time, leading to a flood of phishing emails targeting people who lost money in the FTX collapse. The Lawsuit: Negligence and a Single Point of Failure The lawsuit, filed on behalf of FTX customer Jacob Repko and others,…
Cardano is working on a big idea: a system that automatically handles global compliance rules for finance and digital assets. This is a huge deal as the world gets more connected. Automating Compliance Worldwide Cardano founder, Charles Hoskinson, envisions a future where following regulations is automated. This would make it much easier for everyone –…
Even Bitcoin’s biggest critics are becoming believers, thanks to its recent performance. Allianz, a massive $2.5 trillion asset manager, just declared Bitcoin a credible store of value in a new report. This is a huge shift, considering they advised against crypto investments back in 2019. Let’s dive into why Allianz changed its tune and explore…
The UK just dropped a hammer on a massive cryptocurrency network allegedly helping Russia dodge sanctions. This network, using a ruble-backed stablecoin, moved billions of dollars, and the UK is not happy. Targeting a Ruble-Backed Stablecoin The UK government sanctioned several banks, crypto exchanges, and individuals involved in a $9.3 billion stablecoin called A7A5. This…
Ripple is part of a new network designed to stop crypto theft in its tracks. This network, called Beacon, uses automation to catch criminals before they can cash out their ill-gotten gains. How Beacon Works Beacon constantly monitors suspicious cryptocurrency addresses. As stolen funds move between wallets and different blockchains, Beacon sends out instant alerts…
Bitcoin’s price has been a bit wobbly lately, bouncing around near its all-time high but failing to break through. While short-term things look a little uncertain, the bigger picture is still pretty positive. The Macro View: Why Bitcoin Remains Strong Big companies and investment funds are still piling into Bitcoin, seeing it as a safe…
Bitcoin long-term holders (those holding for over 155 days) have already made more profit this cycle than in most previous ones, according to a new report. This could signal we’re nearing the end of the current bull market. Profit Taking: A Sign of the Times? The report from Glassnode analyzed the cumulative profits realized by…
