US
US Digital Asset Outflows Reach $721M Amid Rate Cut Uncertainty, Europe Shows Resilience
Digital asset investment products faced significant outflows, primarily from the US, amid interest rate cut uncertainty, while Europe showed resilience.
Binance CEO Clarifies Details on CommEx Integration
Binance CEO, CZ, sheds light on Binance's association with CommEX through a tweet. Cryptocurrency transfers are ongoing, with potential ex-Binance team members joining CommEX. Amid regulatory challenges, Binance sells its Russian operations to CommEX but remains optimistic about global prospects.
US and UK Clamp Down on Trickbot Ransomware Group Behind $833M in Extortions
The US and UK have sanctioned eleven members of Russia-based ransomware group Trickbot, following a previous sanction of seven. The sanctions are part of a global effort to combat cybercrime in the blockchain-dominated era.
US Crypto Crackdown Could Push Industry to Hong Kong
Paris-based Kaiko's CEO, Ambre Soubiran, has suggested that the recent US crackdown on cryptocurrency regulation could lead to a shift in the industry's center of gravity towards Hong Kong, which has been more favorable towards crypto. The Hong Kong government has been rolling out progressive regulation to support crypto and fintech firms in 2023, with over 80 virtual asset-related firms expressing interest in setting up shop there.
US Crypto Holders Trust Banks and Exchanges for Custody
A recent survey by Paxos revealed that a majority of US crypto holders still trust banks, exchanges, and mobile payment apps for custody of their assets. Despite high-profile collapses and poor risk management practices, crypto owners continue to trust intermediaries for holding crypto assets. The survey also found an increasing desire among consumers to purchase Bitcoin and other digital assets from traditional banks, presenting a significant untapped opportunity for banks to expand their offerings.
Senator Lummis Still Trusts Bitcoin For Retirement
US politician Cynthia Lummis is crypto-friendly. She's unfazed by lawmakers' Bitcoin retirement plan bans. Instead, Elizabeth Warren, Tina Smith, and Richard Durbin want Fidelity to discontinue its BTC-linked 401(k) (k).
China Plays Top Crypto Whale, Followed By US: Sources
Despite its harsh stance on crypto, the China government could still be holding significant amounts of Bitcoins.
US DOJ Revises Probe into Tether Regarding Bank Fraud - Report
According to a Bloomberg report, the DOJ has reopened a probe into Tether to see if it violated US banking laws
Data Shows US Economy Shrinks Amid Recession while Crypto Surges in Bearish Rally
According to the New York Empire State Index, a weakening of the U.S economy is worrying manufacturers. Meanwhile, Bitcoin and other cryptocurrencies are seeing a rally in their movements.
Germany Overtakes US to Become Rank 1 Crypto Economy, HK at 8
Germany has overtaken the US to become the world's top-ranked crypto economy in the third quarter of 2022. The US, which led the rankings alongside Germany last year, was pushed to seventh.
Revolut Adds 29 New Tokens to Serve Clients in US
British fintech giant Revolut has announced the addition of 29 new tokens to serve its clients.
House Stablecoin Bill to Seek Two-year Ban on Issuing New Algorithmic Stablecoins
U.S. House of Representatives is drafting a new bill to impose a two-year ban on issuing new algorithmic stablecoins similar to TerraUSD (UST), according to Bloomberg.
U.S. Financial Stability Oversight Council to Discuss Digital Asset Regulation Next Week
The Financial Stability Oversight Committee (FSOC), chaired by U.S. Treasury Secretary Yellen, will meet on September 23 to discuss regulatory loopholes in digital currencies and the potential risks they pose.
Virginia Pension Fund Enters Crypto Lending Space to Enhance Returns
Fairfax County Retirements Systems, a $6.8 billion Virginia pension fund, seeks to expand its scope by entering the crypto lending market to boost its returns.
US Senate Bill Proposes to Empower CFTC to Oversight Tokens & Digital Assets
Top U.S. Senators have introduced a bill that seeks to give the Commodity Futures Trading Commission (CFTC) the sole responsibility of overseeing the biggest cryptocurrencies.