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Crypto News
The US banking system loses $910,000,000,000 in a single year as depositors depart
Recent data released by the Federal Reserve shed light on the massive outflow of funds from US financial institutions during the last calendar year.
Since May of 2022, American banks…
The U.S. Chamber of Commerce has joined Coinbase in calling for SEC regulatory clarity on digital…
Coinbase's attempts to have the U.S. Securities and Exchange Commission (SEC) provide regulatory guidelines on crypto assets have the backing of the U.S. Chamber of Commerce.
In April,…
The use of virtual currencies is now protected under Texas law
Legislators in Texas have voted to include cryptocurrency in the state's Bill of Rights.
The overwhelming majority in support of the proposal may be indicative of legislators' overall…
The governor of Florida recently signed a measure that places limits on how CBDCs may be used in the…
This new legislation, signed by Governor Ron DeSantis, also encourages other states to take action via their business regulations to prevent the entry of CBDCs.
According to local news…
The U.S. Business Community Attacks the SEC for Their “Haphazard” Regulatory Approach
Coinbase has gained support from the world's biggest business group in its battle against the SEC.
The U.S. Chamber of Commerce submitted an amicus brief in support of Coinbase with the…
Bored Ape NFT purchased for $90,000 by New Yuga Labs CEO Daniel Alegre
The CEO of Yuga Labs has bought NFT 3575 from the Bored Ape Yacht Club. Alegre paid $90,000 (50 ETH) for Bored Ape number one on the Blur NFT exchange.
Yuga Labs, the company responsible…
Leader of the BRICS States Announces Upcoming Discussions on New Global Currency
The foreign minister of South Africa has said that the BRICS countries would investigate whether or not adopting a new global currency will enable them to break their reliance on the US…
The US Securities and Exchange Commission Cannot Be Trusted to Oversee Crypto Trading
When applied to the dynamic crypto market, the SEC's standard method of regulation falls short.
A new asset class, cryptocurrencies has emerged with the advent of digital banking, posing…
The United Kingdom’s Tax Department Aims to Confiscate Cryptocurrency
Proposals to provide the tax authorities the ability to confiscate crypto assets from tax-evading corporations are now being considered by the UK government.
Businesses in the UK that…
SEC defense will cost Ripple $200 million, according to CEO Brad Garlinghouse
The CEO of Ripple has spoken out about the SEC case, revealing that the company has spent $200 million defending itself, and has lamented the politicization of crypto legislation in the…
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