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Gaming retail company GameStop has announced it will remove its digital wallets from the market starting in November, citing “regulatory uncertainty of the crypto space.”In a notice posted to its website, GameStop said iOS and Chrome Extension wallets will no longer be available starting on Nov. 1, advising users to
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A noteworthy development has occurred in regulating the United States’ crypto space as a House Committee has approved a bill to bring clarity into the industry. On July 26, the U.S House Financial Services Committee approved the Financial Innovation and Technology Act for the 21st Century Act, popularly known as FIT21. #PASSED:
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Binance Smart Chain (BNB) has seen significant growth in its daily active addresses and transactions in the second quarter of 2023, according to a report by blockchain analytics firm Messari. The increase in activity was primarily driven by LayerZero, a cross-chain messaging protocol that enables lightweight and efficient communication between different
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As regulatory scrutiny continues to circle the wider Web3 ecosystem, cryptocurrency lending platform Nexo will look to leverage training resources, connections and data by joining the association of certified sanctions specialists (ACSS).The association offers training and certification for sanctions professionals across a variety of industries including financial institutions, international corporations,
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Coinbase CEO Brian Armstrong has urged United States citizens to take action and email their representatives to vote “yes” on the Financial Innovation and Technology for the 21 Century Act (FIT21), which may provide regulatory clarity for crypto. On July 26, lawmakers voted in favor of FIT21 and the Blockchain Regulatory
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Following its recent launch, Worldcoin (WLD), a crypto project co-founded by OpenAI’s CEO Sam Altman, could be facing inquiries from the UK’s data regulator. The Information Commissioner’s Office (ICO), a body that focuses on data protection in
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Bank of America says it continues to differentiate between the trading of blockchain-native crypto tokens, for which regulations are still being established, and the trading of tokenized traditional assets including exchange-traded-funds (ETFs), repos and gold, for which the “rules are already established and trading volumes have already reached trillions of
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Representative Patrick McHenry, the chairman of the House Financial Services Committee (FSC), announced the markup of legislation aimed at providing regulatory clarity for the digital asset ecosystem.The committee will meet on July 26 to markup H.R. 4763, the Financial Innovation and Technology for the 21st Century Act; H.R. 4766, the
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Lately, volatility surrounding the consumer price index (CPI), NFP and other macro events seems to have settled down, while regulatory clarity around crypto, a potential spot ETF approval and the XRP resolution is becoming a key focus; this paradigm shift could lead the market towards higher beta “altcoins” in the
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“You can't just come in with a billion dollars and say, ‘I have enough for 1,000 Ethereum validators, I'm gonna run them all; I just bought my way into owning part of Ethereum consensus,’ or ‘I'm gonna buy a bunch of mining hardware, and I have more money than you,
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