The UK’s financial regulator, the Financial Conduct Authority (FCA), has proposed new strict crypto regulations to curb risks within the digital asset market. According to a recent discussion paper released on December 16, the financial watchdog plans to outlaw public…
The head of South Korea’s stock exchange says the nation should “institutionalize crypto” and “act quickly” or risk losing ground on its international rivals. In an interview with the South Korean newspaper Maeil Kyungjae, Jeong Eun-bo, the head of the…
Senator Tim Scott, the next U.S. Senate Banking Committee Chair, has promised action on crypto legislation during a Washington event. Speaking at the Policy Summit by Blockchain Association, Scott stresses that crypto has the “potential to democratize the financial world.”…
The highly anticipated launch of Pudgy Penguin’s token PENGU on Solana blockchain with massive airdrop failed to maintain the rally as token’s value tanked over 54% within 24 hours. The token’s value initially surged to $0.068 before falling to $0.031…
Ohio Representative Derek Merrin has introduced a bill that aims to authorize the state’s treasury to invest public funds in Bitcoin. The proposal, known as House Bill 703 or the Ohio Bitcoin Reserve Act, seeks to establish a Bitcoin fund…
Rep. French Hill, a pro-crypto candidate, was elected as the new chairman of the House Financial Services Committee on December 13, giving him considerable influence over banking and financial regulations in the United States. In a recent interview with CNBC,…