News

Binance, a leading cryptocurrency exchange, has been accused by the United States Securities and Exchange Commission (SEC) of operating illegally and failing to register as a securities exchange in the United States. On June 5, the SEC filed a complaint in the District Court for the District of Columbia against Binance, its CEO, Changpeng Zhao

The United Kingdom’s Crypto and Digital Assets All Party Parliamentary Group (APPG) has released a report containing 53 recommendations for the crypto and digital asset sectors, with the aim of informing government policymakers and ensuring the country’s leadership in the industry while protecting consumers. One of the key conclusions highlighted in the report is that

The United States House Financial Services Committee and the House Agriculture Committee have released a preliminary draft for public comment that offers a potential framework for classifying certain cryptocurrencies as digital commodities. The proposal, which was published on June 2, attempts to establish a clear regulatory structure for cryptocurrency enterprises operating in the United States.

Representatives from the United States House Financial Services Committee and the House Agriculture Committee recently released an early discussion document outlining a potential regulatory framework for certain types of cryptocurrencies. The proposed legislation’s goal is to create clear principles and regulatory clarity for crypto-related enterprises operating in the United States. The measure seeks to overturn

Atomic Wallet looks to have been a victim of exploitation, as users recounted accounts of their crypto portfolios being completely depleted. Atomic Wallet is a non-custodial decentralized wallet, which means that users are responsible for the security of their assets within the application. The Atomic Wallet team confirmed reports of compromised wallets and informed users

Evertas, a digital asset insurer, recently issued an important statement regarding its coverage limits and increased offers. The company will now provide coverage for custodial crypto assets of up to $420 million per policy for custodial crypto assets, effectively tripling the previous risk transfer options available to blockchain-focused projects. Additionally, Evertas is introducing coverage for

MiCA, also known as the Markets in Crypto-Assets, was launched in 2020 as a regulatory initiative to provide a unified framework for crypto assets throughout European Union (EU) member states. EU officials recently signed the MiCA bill into law after getting final approval from finance ministers, marking a crucial milestone in the long-awaited implementation of

The United States Securities and Exchange Commission (SEC) has intensified its crackdown on crypto influencers, imposing fines and issuing cease-and-desist orders in recent years. These actions are targeted at individuals who have endorsed fraudulent projects and manipulated token prices through social media channels. Former SEC chief, John Reed Stark, took to Twitter to caution crypto

Several renowned figures in the field of artificial intelligence (AI), including the CEOs of OpenAI, Google DeepMind, and Anthropic, have added their signatures to an open statement released by the Center for AI Safety (CAIS). The statement, consisting of a single sentence, emphasizes the need to prioritize mitigating the risk of AI-induced extinction on a

Anatoly Aksakov, a State Duma official, indicated that Russia plans to develop other cryptocurrency platforms in reaction to sanctions. The Russian government has abandoned plans to build a regulated national cryptocurrency exchange in favor of regulating several crypto trading platforms. Initially, Russian lawmakers had proposed the idea of a national crypto exchange in November 2022,