Bitcoin (BTC) is down 4.5% in the past 24 hours, dropping from $23,500 to a two-week low of $22,259 in the early hours on Friday before climbing to around $22,390 by press time, data from CoinGecko shows. The leading cryptocurrency last traded at these levels on February 15, with the latest price action wiping out $20 billion of Bitcoin’s market…
Ras Al Khaimah’s recently announced free zone for virtual asset firms will explore accepting crypto payments from companies looking into setting up their businesses in the emirate, a lawyer involved in the hub’s development said. Dubai-based crypto lawyer Irina Heaver told Cointelegraph that once the Ras Al Khaimah Digital Assets Oasis (RAK DAO) secures the appropriate partners, it will check…
The establishment of Russia’s first mutual investment fund dedicated to financing cryptocurrency mining operations is underway. According to a report by the Russian press, it will be available to qualified investors and will finance the acquisition of coin minting equipment. Russian Crypto Mining Sector to Attract Shareholders Through Investment Fund Work has begun to set up the first mutual fund…
Two United States lawmakers have criticized crypto accounting guidelines outlined by the securities regulator, arguing it places crypto customers at greater risk of loss. The guidelines came from the United States Securities and Exchange Commission (SEC), which became effective in April last year. The guidelines ask financial companies holding crypto for customers to recognize all digital assets they do not…
Binance USD (BUSD) market cap has fallen below $10 billion for the first time in almost two years amid a United States regulatory crackdown on its token issuer and a planned delisting from a major crypto exchange. BUSD’s marketcap has been on a steep downward trajectory since its all-time high (ATH) market cap of $23.49 billion on Nov. 15, just…
Binance USD (BUSD) market cap has fallen below $10 billion for the first time in almost two years amid a United States regulatory crackdown on its token issuer and a planned delisting from a major crypto exchange. BUSD’s marketcap has been on a steep downward trajectory since its all-time high (ATH) market cap of $23.49 billion on Nov. 15, just…
Unity, a gaming engine development company, has announced the introduction of several blockchain-based integration options to its platform. The new options offer opportunities for developers, that will be able to take advantage of digital identity, tokens, non-fungible tokens (NFTs), and other technologies with direct integration into the Unity engine. Unity Reveals New Decentralization Push in Its Gaming Engine Unity, one…
Some Celsius customers have reported being able to withdraw funds from the bankrupt crypto firm for the first time, some 263 days after the lender froze withdrawals in the lead-up to its bankruptcy filing. According to numerous social media posts, as of Mar. 2, certain customers who held funds in Celsius’ Custody accounts have been overjoyed that they were finally…
U.S. Senator Cynthia Lummis and Congressman Patrick McHenry say a Securities and Exchange Commission accounting directive “places customer assets at greater risk of loss if a custodian becomes insolvent or enters receivership.” In a Thursday letter to federal officials at the FDIC, Federal Reserve, the Office of the Comptroller of the Currency, and National Credit Union Administrator, the lawmakers called…
The bankruptcy judge on Voyager Digital’s case has reportedly scolded the United States securities regulator over ambiguous reasoning for objecting to the crypto lending firm’s proposed sale to Binance.US. At a Mar. 2 hearing in a New York court, U.S. bankruptcy judge Michael Wiles said the Securities and Exchange Commission (SEC) had basically asked to “stop everybody in their tracks”…
