CryptoSlate
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Despite good faith actors, crypto is ‘rife with fraud; rife with hucksters,’ says Gensler
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler reiterated his concerns about the cryptocurrency sector, saying...
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Landmark crypto legislation defines SEC, CFTC jurisdiction on digital assets, commodities
In a significant move for the digital asset ecosystem, the House Financial Services Committee passed the ‘ FIT for the 21 st Century Act...
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SEC adopts proposal for regulating use of AI in markets
The U.S. Securities and Exchange Commission (SEC) has adopted a new set of rules for financial services that utilize artificial intelligence as of...
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SEC charges Quantstamp for 2017 initial coin offering
The U.S. Securities and Exchange Commission (SEC) charged Quantstamp, a well-known blockchain security firm, with conducting an unregistered...
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Federal Reserve resumes rate hikes at FOMC meeting, bringing federal funds rate to 22-year high
The Federal Reserve has escalated interest rates to a range of 5.25 to 5.5%, marking the highest level since 2001 . This action is part of its...
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Binance’s European exodus continues as exchange withdraws critical license application in Germany
Binance confirmed to CryptoSlate that it had withdrawn its crypto custody license application in Germany, according to a July 26 emailed...
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AI companies lobby for open-source support in EU’s upcoming regulations
Several tech and AI companies, including GitHub and HuggingFace, have written to European policymakers asking them to offer more support for the...
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Hong Kong based stablecoin FDUSD goes live on Binance with monthly audits
Hong Kong-based First Digital Group announced on July 26 that its stablecoin, First Digital USD (FDUSD), has been listed on Binance , the...
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Ripple CLO says XRP ruling bodes well for Coinbase, Binance SEC cases
Ripple CLO Stuart Alderoty said on July 25 that a ruling concerning the securities status of the XRP token could be relevant to other ongoing...
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US Accountability Office says regulators need ‘coordination mechanism’ to tackle crypto oversight
The U.S. Accountability Office (GAO) believes significant regulatory gaps in the crypto industry — specifically related to spot cryptocurrency...
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Worldcoin faces regulatory scrutiny amid community backlash on privacy concerns
Worldcoin’s ( WLD ) recent launch has drawn Britain’s regulatory scrutiny amid community concerns over its privacy issues. Reuters...
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Arkham announces $5K bounty payout as Terra-related address are identified
Arkham Intelligence said in a tweet dated July 24 that the first of its crypto wallet identification bounties has now been paid out. The...
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First trades at Binance.US involved wash trading, WSJ alleges based on CZ memo
Some of Binance.US’ first cryptocurrency trades were conducted internally and constituted wash trading, the Wall Street Journal said on...
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Tokenized Deposits as Alternative to Stablecoins Favored by South Korean Banks in Preparation for CBDCs
South Korean banks are favoring Certificate of Deposit (CD) tokens as potential alternatives to “volatile” stablecoins, as reported...
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CoinCenter, other advocacy groups condemn CANSEE bill for overreach on DeFi
CoinCenter and other crypto advocacy groups have criticized a Senate bill that would impose strict regulations on individuals involved in...