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EU Parliament Vote in Favor of Uniform Legal Framework for Crypto

EU Parliament has backed the Markets in Crypto Act (MiCA), which aims to regulate crypto assets and the cryptocurrency market. MiCA represents the world’s first uniform legal framework focused on regulating the crypto industry. By placing rules in place, European Union intends to limit the...

Coinbase CEO Says Crypto Firm Will Develop in “Offshore Havens” Without Clear Regulations

Brian Armstrong, the CEO of crypto exchange Coinbase, urged the U.S. and UK to put clear regulations in place for the crypto market. According to Armstrong, without proper legislation “onshore,” crypto firms will be prompted to develop in “offshore havens.” Armstrong shared his opinion on...

New Ethereum Upgrade Will Unlock $31 Billion in Staked Tokens

Ethereum, the world’s second-largest cryptocurrency in terms of market value, is set to receive a major blockchain upgrade this week. Dubbed Shapella, the upgrade is expected to unlock around $31 billion in staked tokens. These tokens, known as “staked ether,” have been deposited by investors...

Bitcoin Surges Past $30K for The First Time in 10 Months

After hitting as low as $16K in November, Bitcoin seems to be approaching its historic levels again. The world's most valuable cryptocurrency continued its steady rise this week as well, surpassing the $30,000 mark. Bitcoin reached $30,382.10 early on Tuesday, and everything points out that...

Binance.US Struggling to Find Banking Partner to Handle Customers’ Deposits

Crypto exchange Binance.US, an affiliate of the global industry leader Binance, is having problems finding a bank that is willing to handle customers’ cash, according to a report by the Wall Street Journal. Binance.US previously used the services of Signature Bank and Silvergate to...

Binance US’ $1 Billion Takeover of Crypto Lender Voyager Digital Placed on Hold

The acquisition of bankrupted cryptocurrency lender Voyager Digital by crypto exchange Binance US has been put on hold. New York District Judge Jennifer Rearden made the ruling to halt the sale on Friday in the wake of objections from the U.S. government. The details of...