New data shows a 10-fold increase in the return correlations between Bitcoin and stocks in some regions.
Category: Regulation News
Stablecoin issuers hold more US debt than Berkshire Hathaway: Report
Tether, Circle and other stablecoin firms held $80 billion worth of short-term U.S. government debt as of May 2022, more than owned by Warren Buffett’s […]
Crypto tax can wait, free coins can’t: S. Korea mulls ‘gift tax’ for airdrops
South Korea has postponed its crypto gains tax on multiple occasions due to a lack of investor protection measures and regulatory guidelines.
Huobi explains what went wrong with HUSD after stablecoin is back on track
The HUSD team explained that the depeg was caused as they closed market maker accounts in some regions to comply with regulations.
Australia’s new government finally signals its crypto regulation stance
Australian Treasurer Jim Chalmers said that his government will improve the way Australia’s system manages crypto assets and provide greater protections for consumers.
Binance vs. FTX: CZ calls out ‘bad players’ for crypto exchange jitters
Jitters in crypto trading relate to a trade event wherein an investor’s buy or sell order gets stuck and moves down in the list, allowing […]
United Texas Bank CEO wants to ‘limit the issuance of US dollar-backed stablecoins to banks’
Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”
FTX blocks Aztec Network privacy DApp, calling it a ‘high risk’ mixer
Some users took to Twitter to bemoan what some are calling a continuing attack on privacy in the wake of the U.S. Treasury Dept.’s action […]
FTX US among 5 companies to receive cease and desist letters from FDIC
The government agency had previously stated that deposits at non-bank entities, including crypto firms, are not covered by FDIC insurance.
Celsius Network coin report shows a balance gap of $2.85 billion: Finance Redefined
Majority of the DeFi tokens traded in red with several registering double digit losses over the past week.