DBS Vickers, the venture arm of DBS Bank, has been granted a crypto-license from the Monetary Authority of Singapore (MAS). Additionally, the Australian cryptocurrency exchange Independent Reserve became the first foreign business to receive licensing approval.
U.S. Fed chairman Jerome Powell said he has no intention of banning cryptocurrencies but said stablecoins need greater regulatory oversight. Powell made the comments in a two-hour-long House Financial Services Committee meeting this week. The meeting, meant to serve as a forum for representatives to ask Treasury Secretary Janet Yellen and Powell about the Treasury Department’s and Federal Reserve’s pandemic response, featured several questions about cryptocurrencies.
New research by analytics platform DappRadar has revealed the extent to which decentralized finance and nonfungible token (NFT) markets have grown this year.
Liberal Senator Andrew Bragg has told a local industry event that Australia’s digital asset plan to create cryptocurrency-related legislation is “coming” soon and could be enacted in 2022.
Bitcoin price ascends close to $44,000, but the uptrend slows before confirming breakout above the falling wedge pattern. The US will not follow China and ban cryptocurrencies but maintains there is a need to regulate stablecoins.
Billionaire Orlando Bravo, co-founder and managing partner at private equity firm Thoma Bravo, has revealed he is a cryptocurrency investor and believes the flagship crypto bitcoin will see its value surge over the next few years thanks to institutional adoption.
Cardano (ADA) founder Charles Hoskinson has revealed he believes the infrastructure on the cryptocurrency’s blockchain will be good enough to “run a nation-state” in the future as he sees Cardano offering a solution to many of the governance issues that affect the world today.
In a recent interview, Michael J. Saylor, Co-Founder, Chairman, and CEO of Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR), said the recent crypto ban in China is “largely irrelevant” for Bitcoin.
The US Commodity Futures Trading Commission (CFTC) has busted a massive forex and Bitcoin trading racket and brought civil enforcement charges against eight individuals who were running the scheme. They operated a platform called Prime FX and misappropriated over $1.2 million in clients’ funds. The mastermind of the fraudulent scheme is a Nigerian named Uduakobong Udo Inyangudo a/k/a Alexander Uti Bassey, while the other perpetrators are US citizens living in different states, according to official documents.