Bank of England Says Stablecoins Should Be Regulated

Key Takeaways The Bank of England has suggested implementing banking rules for stablecoins in an official document published Monday.  The paper details the bank’s view on stablecoins and other digital currencies.  It... Read more »

DeFi Derivatives “Are a Bad Idea”: CFTC Commissioner

Key Takeaways Speaking at Asset Management Derivatives Forum 2021, CFTC Commissioner Berkovitz expressed his concerns about DeFi. According to Berkovitz, DeFi-based derivatives may be violate regulations set by the Commodity Exchange Act... Read more »

South Korean Banks to Follow New Crypto Restrictions

Share this article South Korea is introducing new banking restrictions to regulate crypto exchanges. The country’s bankers association will also hold a meeting to discuss new rules for reducing their liability on... Read more »

Karura Raises $100M, Kusama Soars Ahead of Parachain Auction

Key Takeaways Karura Network has raised 200,000 KSM tokens worth over $100 million in a crowd loan. The funds will be used to bid in the Kusama’s upcoming parachain auction. Ahead of... Read more »

Cream Finance Logs $1.3M Bad Debt After SWAG Crash

Key Takeaways Cream Finance has written $1.3 million in bad debt due to a crash in the price of SWAG tokens. The tokens were used as collateral in one of Cream Finance’s... Read more »

Bitcoin, Ethereum Flows Show Signs of Accumulation

Share this article Bitcoin and Ethereum surged yesterday, buoyed by the largest daily outflow since February and an increase in the number of whale wallets. Bitcoin’s Buy the Dip Narrative On-chain data... Read more »

Indian Law Enforcement Investigating WazirX Exchange

Key Takeaways India’s Directorate of Enforcement has issued a show-cause notice to WazirX for violating foreign exchange laws. WazirX is accused of making unreported transactions with Binance and failing to comply with... Read more »

Texas Banks Can Now Store Bitcoin for Clients

Key Takeaways The Texas Department of Banking has allowed state-chartered banks to provide custody services for crypto investors. The regulator clarified that custody services would only be allowed for banks that establish... Read more »

China Orders Bitcoin Mining Shutdown in Xinjiang

Key Takeaways The local government of Changji has ordered the closure of Bitcoin mining in the Xinjiang economic belt.  Xinjiang is the second most popular Bitcoin mining destination using thermal or coal-based... Read more »

SHIB vs. DOGE – Which One Is The Top Dog?

The cryptocurrencies dogecoin (DOGE) and shiba inu (SHIB) have made huge gains in 2021. In fact, both of these digital assets have outshined a great number of cryptos as far as percentage... Read more »