Mark Karpeles, a co-founder and ex-CEO of now-defunct cryptocurrency exchange Mt. Gox, announced his plans to start a new crypto ratings agency, dubbed UNGOX, during an interview with Forkast today. “After the Mt. Gox bankruptcy, I have been following the developments in the crypto space, and I have seen some exchanges taking steps to prevent…
The Bank of England (BoE), the United Kingdom’s central bank, has reportedly begun developing a new framework aimed at bringing cryptocurrencies and stablecoins into various existing regulatory fields. According to a report published by Reuters today, the regulator’s two main concerns are a possibility of Russia using crypto to evade sanctions (imposed on it following…
The central bank of Ireland has followed the example of British regulators and published its own crypto-focused warning to the general public, highlighting the speculative nature of digital assets and “misleading ads, especially on social media.” Titled “Central Bank warning on investing in crypto-assets,” the notice is part of a campaign launched by several European…
Renowned professional tennis player and activist Naomi Osaka has become the latest prominent sports figure to enter into a long-term partnership with cryptocurrency exchange FTX in order to “increase access and opportunity for women in crypto.” According to a press release published on March 21, Osaka will become a “comprehensive partner” of FTX and will…
The leader MP on the Markets in Crypto Assets report for the European Parliament, Stefan Berger, has just released the timeline for the next stage of the democratic process for crypto regulation in Europe. The legislation is currently going through trilogues, a part of the parliamentary procedure that takes the form of informal conversations between…
As the weekend began, BTC gave up the double-digit gains from earlier in the week to drop below a critical psychological marker of $40k. Data from Santitment charts the contest between BTC and old as the premier store of value as the world continues to experience uncertainty. 📉 As the week comes to a close,…
The government of Ukraine, which according to various estimates has already received about $33 million worth of crypto donations, has recently announced an airdrop aimed at its benefactors. However, some expressed dissatisfaction with the fact that certain donors apparently won’t be rewarded for their humanitarian aid. Answering to the humanitarian appeal from @FedorovMykhailo, TRON community…
Some Russian users trying to deposit fiat or purchase digital assets on crypto exchange Binance stumbled upon a warning message today, informing them that local bank cards are currently not supported. “Please be informed. We currently do not support the bank cards issued in your country,” said the message. On the bright side, the exchange…
Recent sanctions imposed on Russia attacked its financial systems and isolated it from the rest of the world. In the last few days, the Russian stock market was closed and the value of the Ruble fell more than 20%. In addition to sanctions imposed from the rest of the world, President Putin closed the economy…
The Bank of New York Mellon Corporation, better known as BNY Mellon, is reportedly gearing up to become “the first [bank] to enter the global digital custody space” later this year. According to a report published by City A.M. on February 24, BNY Mellon’s upcoming custody platform will be aimed at institutional clients, enabling big…