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Bithumb’s crypto exchange is under inves

Bithumb's crypto exchange is under investigation again by South Korean regulators

Bithumb is the subject of a special tax inquiry by South Korea’s National Tax Service (NTS). The South Korean tax and legal authorities recently took notice of Bithumb, a cryptocurrency exchange. A “special” investigation into the exchange’s business practices has been launched by the tax authorities. The company’s largest shareholder has also been subpoenaed for […]

Ripple’s CEO anticipates a breakthrough

Ripple's CEO anticipates a breakthrough in crypto rules during the XRP lawsuit ruling

During the 118th Congress, Ripple’s CEO expressed cautious optimism about regulatory clarity for cryptocurrencies. Crypto regulation receives bipartisan support On Jan. 3, Brad Garlinghouse, CEO of financial technology company Ripple Labs, stated that the newest session of Congress will finally streamline crypto regulations. Garlinghouse noted that crypto regulation was supported by both the Democratic and […]

Crypto Companies Will Be Treated Like Ba

Crypto Companies Will Be Treated Like Banks By FSB

In its upcoming regulatory framework, the Financial Stability Board plans to treat cryptocurrency companies similarly to banks. In 2023, the FSB, the world’s largest financial watchdog, will publish regulatory guidelines for crypto. In the coming months, the FSB will outline a timeline for global regulators. Their first recommendations on global crypto regulation will be implemented […]

As the FTX fire spreads, BlockFi declare

As the FTX fire spreads, BlockFi declares bankruptcy

The most recent cryptocurrency company to file for bankruptcy is BlockFi, which followed the collapse of Sam Bankman-crypto Fried’s empire. Another business infected by the FTX virus The FTX virus has recently claimed another cryptocurrency company. BlockFi will reportedly file for Chapter 11 bankruptcy protection later today, according to a crypto news source. According to […]