Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,221,347,968,074.70
  • 24h Vol: $104,324,675,289.80
  • BTC Dominance: 56.13%

Regulation

japanese-regulator-issues-warning-to-unregistered-crypto-platform-lbank-exchange

Japanese Regulator Issues Warning to Unregistered Crypto Platform Lbank Exchange

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The Financial Services Agency (FSA) of Japan issued a warning to Lbank Exchange, an overseas cryptocurrency platform, for operating without registration. Lbank, which ranks 56th in trading volume according to Coingecko, has been offering services to Japanese residents despite reportedly having an unknown address and representative. This action follows similar warnings issued by the FSA […]

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Ripple Legal Chief Countered SEC Allegations: No Victims to Compensate

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Ripple’s chief legal officer has countered the U.S. Securities and Exchange Commission (SEC)’s allegations following the crypto firm’s proposal to limit its penalty to no more than $10 million. The legal chief highlighted that the SEC is “raging” and emphasized that, unlike the Terraform Labs case, there are no victims to compensate in Ripple’s case.

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SEC Chair Gary Gensler Envisions US Spot Ether ETFs Launching This Summer

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U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has indicated to lawmakers that he expects spot ethereum exchange-traded funds (ETFs) to launch this summer. The SEC is still working with fund issuers on their S-1 filings, which must be declared effective before the spot ether ETFs can launch. Gary Gensler Answers Crypto Questions The

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SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case

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The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought. Ripple recently proposed a $10 million penalty, citing the Terraform Labs settlement as justification. However, the SEC countered that such a low penalty “would not satisfy the purposes of

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BIS Survey: 94% of Central Banks Exploring Digital Currency

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The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC experiments, especially in advanced economies. Central banks are examining various factors for retail CBDCs, including holding limits and offline functionality. 94% of Surveyed Central Banks

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Stand With Crypto Publishes Manifesto to Make UK a Leader in Digital Assets

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Stand With Crypto UK has published a manifesto outlining steps for the UK to establish itself as a global leader in fintech, digital assets, and tokenization. “We believe the next government should take meaningful steps to position the UK as a global hub of digital assets, tokenization and fintech,” said Coinbase. Stand With Crypto Publishes

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Trump vs Biden: Riot’s Morgenstern Highlights Stark Contrast in Crypto Policies

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Brian Morgenstern of Riot Platforms shared his insights on the 2024 election’s impact on bitcoin and the crypto industry, praising former U.S. President Donald Trump’s pro-bitcoin stance and criticizing President Joe Biden’s regulatory measures. Trump promised to protect bitcoin from regulatory threats, oppose a central bank digital currency (CBDC), and support the cryptocurrency industry, aligning

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abu-dhabi-regulator,-adgm,-signs-digital-assets-mou-with-bermuda-monetary-authority

Abu Dhabi Regulator, ADGM, Signs Digital Assets MoU With Bermuda Monetary Authority

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The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and the Bermuda Monetary Authority (BMA) have signed a digital assets Memorandum of Understanding (MOU). This MOU establishes a framework for collaboration between the two regulatory authorities to support the creation and effective supervision of digital assets entities across their jurisdictions. It

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FTC Warns of Crypto Scams From Online Love Interests

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The U.S. Federal Trade Commission (FTC) has issued a warning about cryptocurrency romance scammers who offer investment advice. The FTC emphasizes the risks involved and urges immediate reporting and caution to protect others. “They establish an emotional connection with you so you’re more likely to believe that they’re an expert in cryptocurrency investing, for example,”

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south-korean-regulator-excludes-certain-nfts-from-crypto-regulations

South Korean Regulator Excludes Certain NFTs From Crypto Regulations

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South Korea’s top financial regulator has issued guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets. This distinction aims to minimize the risk of widespread user harm. The guidelines will be part of the Virtual Asset User Protection Act, effective July 19, 2024. FSC Issues New NFT Classification Guidelines On Monday, South Korea’s top

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