The U.K.’s financial watchdog says cryptocurrency companies still aren’t following the country’s new advertising law. The Financial Conduct Authority (FCA) noted the need for compliance Wednesday (Feb. 14) in a report that examines the regulator’s efforts to enforce restrictions on illegal financial promotions that went into effect last October....
Blockchain and crypto company Ripple has agreed to acquire Standard Custody & Trust Co., a regulated platform for digital assets, the company said Tuesday (Feb. 13). The terms of the deal were not disclosed. The acquisition of Standard Custody & Trust further solidifies Ripple’s importance...
Bitcoin’s comeback continues, as the most popular cryptocurrency’s price reached $50,000 Monday (Feb. 12). It was the first time that bitcoin hit that price since December 2021, marking a recovery for a digital asset whose value plummeted 64% in 2022. The latest rally has been...
The head of New Zealand’s central bank is not a fan of stablecoins. Reserve Bank of New Zealand Governor Adrian Orr voiced concerns about the digital currencies during a parliamentary committee meeting Monday (Feb. 12), calling them “the biggest misnomers,” “oxymorons” and not a replacement for...
New York has expanded what had been a $1 billion lawsuit against three cryptocurrency companies. Now, Attorney General Letitia James is alleging that the fraud scheme carried out by Digital Currency Group (DCG), its Genesis Global Capital offshoot, and Gemini Trust was three times the size once thought, at $3 billion. In an amended...
Digital asset startups are reportedly turning to loyalty points programs as a means to attract and retain users. While the points programs have garnered attention and investment, there are concerns about their lack of transparency and potential regulatory risks, Bloomberg reported Thursday (Feb. 8). Token...
Stablecoins need more regulation. Stablecoins might, in some cases, cause runs. And as government officials and financial institutions (through the Bank for International Settlements) sound some alarms about stablecoins, it remains to be seen whether the digital holdings will satisfy some of the key use...
Compared to the events of 2023, the cryptocurrency sector in 2024 could be considered relatively boring. U.S. regulators at the start of the year approved bitcoin exchange-traded funds (ETFs), and at least one player in the marketplace has even begun to phase out its “cryptocurrency”...
Blockchain company Ripple has been ordered to share financial statements about cryptocurrency sales with regulators. That ruling came from a New York judge, and requires Ripple to share statements and information about the sale of XRP tokens with the U.S. Securities and Exchange Commission (SEC), Coindesk reported Tuesday (Feb....
