Bitcoin

Bitcoin is a cryptocurrency. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.

NYDFS Says ‘Dual Banking System’ Should Oversee Stablecoins
NYDFS Says ‘Dual Banking System’ Should Oversee Stablecoins
April 19, 2023  |  Cryptocurrency

According to New York’s financial regulator, the best system for regulating stablecoins already exists. Testifying before the House Financial Services Committee Wednesday (April 19), New...

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SEC Chair Gensler Defends Crypto Crackdown in Contentious House Hearing
SEC Chair Gensler Defends Crypto Crackdown in Contentious House Hearing
April 19, 2023  |  Cryptocurrency

Securities and Exchange Commission (SEC) Chairman Gary Gensler was in the hot seat Tuesday (April 18), and so was the cryptocurrency industry’s legally viable, go-forward...

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Crypto May Be Down, but Some Consumers Aren’t Counting It Out
Crypto May Be Down, but Some Consumers Aren’t Counting It Out
April 17, 2023  |  Cryptocurrency

Credit unions may consider pausing but perhaps not completely foregoing cryptocurrency offerings as the sector emerges from recent scandals. FTX. Gemini. Binance. With now-household names...

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Shaq Served in FTX Lawsuit After Three-Month Saga
Shaq Served in FTX Lawsuit After Three-Month Saga
April 17, 2023  |  Legal

NBA legend Shaquille O’Neal has been served in a class-action lawsuit tied to FTX’s collapse. Attorneys for the plaintiffs in the case — which accuses...

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Stablecoin Bill Enters Congress as US Lawmakers Eye Currency’s Future
Stablecoin Bill Enters Congress as US Lawmakers Eye Currency’s Future
April 17, 2023  |  Regulation

The U.S. Congress is looking to bring stablecoins deeper into the regulatory fold. And potentially the broader global financial system. A new 73-page draft bill,...

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FTX Lawyers Recover Billions and Bill Millions Investigating Exchange Reboot
FTX Lawyers Recover Billions and Bill Millions Investigating Exchange Reboot
April 13, 2023  |  Legal

FTX’s collapse destabilized the global cryptocurrency market and left creditors with $11.6 billion in claims. Now, lawyers for the bankrupt crypto exchange are considering giving...

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Ripple to Help Montenegro Launch CBDC
Ripple to Help Montenegro Launch CBDC
April 11, 2023  |  CBDC

Montenegro has joined dozens of nations around the world in pursuing a digital currency. The Central Bank of Montenegro (CBCG) is working with cryptocurrency and...

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Digital Currency Monetary Authority Debuts International CBDC
Digital Currency Monetary Authority Debuts International CBDC
April 10, 2023  |  CBDC

The Digital Currency Monetary Authority has unveiled a digital coin designed to speed cross-border transactions. Introduced Monday (April 10) at the spring meeting of the...

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New FTX Report Highlights Importance of Treasury Management
New FTX Report Highlights Importance of Treasury Management
April 10, 2023  |  Spend Management

The first interim report by the FTX Debtors published Sunday (April 9) takes harsh aim at the FTX Group’s profound lack of appropriate documentation and...

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