The central bank and the Securities and Exchange Commission (SEC) of the Philippines discussed crypto regulation in a Senate hearing with the participation of several executives from the crypto industry, including from crypto exchange Binance. Philippine Regulators Discuss Crypto Policies Philippine regulators recently discussed cryptocurrency regulation with some executives from the crypto industry in a Senate Committee on Banks, Financial…
Major Indian crypto exchange CoinSwitch Kuber had five of its premises searched by anti-money laundering agents on Thursday over alleged violations of forex laws. According to an Aug. 25 report from Bloomberg, India’s Enforcement Directorate searched CoinSwitch Kuber’s offices as well as the residences of its directors and CEO Ashish Singhal. A source told the publication the crypto exchange is…
This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host. The Lightning Network as a payment routing network has many similarities with the internet itself. You must be connected to the network, payments are routed from one source node on the network to a destination node just like data packets on…
The exchange rate of the Venezuelan bolivar, the national fiat currency of the country, has plunged 35.51% against the U.S. dollar this week as a result of various factors, reaching 8.70 bolivars per U.S. dollar. According to economists, this will cause an increase in prices in the near future, with the exchange rate predicted to reach up to 12 bolivars…
This is an opinion editorial by Charlene Fadirepo, a former U.S. federal regulator and Bitcoin activist. In this article, I will be discussing the current state of the rapidly growing Bitcoin ecosystem across the continent of Africa and how this progress will enable the path toward Africa’s Bitcoin standard. Merriam-Webster’s dictionary defines an ecosystem as a “complex community of organisms…
Coinbase, America’s biggest cryptocurrency exchange, today launched a voter registration tool and crypto policy education initiative. “The initiative will be rolling out resources to help users educate themselves on crypto issues, their [elected] member’s positions, and how to get involved in the conversations,” the company told Decrypt. Coinbase’s chief policy officer Faryar Shirzad said in a blog post that this…
As a market crash takes place, assets become oversold and typically there’s an “oversold bounce,” “return to mean,” “mean reversion,” or some price snapback to the bottom of the pre-crash range. Afterward, the asset under study either consolidates, continues the downtrend, or returns to the bullish uptrend if the downside catalyst was not significant enough to break the market structure.…
Crypto billionaire Sam Bankman Fried is disputing reports that two of his companies — FTX and Alameda Research — are merging their venture capital investing operations. The news, reported by Bloomberg, came a day after Alameda co-CEO Sam Trabucco stepped down from his role, leaving Caroline Ellison as the sole CEO. The move was attributed to Ellison, the business news service…
On Thursday, the popular cable channel MTV revealed that the legendary rappers Eminem and Snoop Dogg plan to perform the duo’s hit single “From the D 2 The LBC” this Sunday. The music video features the non-fungible tokens (NFTs) stemming from the Bored Ape Yacht Club (BAYC) collection, and the upcoming show is considered the first-ever metaverse-inspired award show performance.…
Sam Bankman-Fried’s cryptocurrency exchange FTX’s investment arm has reportedly absorbed the venture capital operations of Alameda Research in response to the ongoing crypto bear market. According to a Thursday Bloomberg report, Alameda’s Caroline Ellison said in an interview that the merger had happened prior to former co-CEO Sam Trabucco announcing his resignation on Wednesday, leaving Ellison as the firm’s sole…
