The Federal Deposit Insurance Corp. (FDIC) has taken action against Alpharetta-based cryptocurrency nonbank, Unbanked, Inc., for making misleading statements regarding FDIC deposit insurance coverage. In
Author: Shree Edwards
FedNow Instant Payments Go Live, GAO Pushes for Crypto Oversight, SEC, CFTC, DOJ Combat Cybercrime
The U.S. central bank’s highly anticipated FedNow Service has been launched, enabling instant money transfers for banks and credit unions, available 24/7 throughout the year.
Kenya Halts Worldcoin Operations Amidst Data Protection Concerns
The controversial cryptocurrency project, Worldcoin, has hit another obstacle as Kenya suspends its operations within its borders. Worldcoin’s audacious goal of creating a global “human
Taxpayers to Include Cryptocurrency Rewards in Gross Income: New IRS Ruling
In a significant update, the Internal Revenue Service (IRS) has issued a revenue ruling clarifying the tax treatment of rewards received from staking cryptocurrency on
The SEC Unleash Serious Charges Against Crypto Pulse X Richard Heart AKA Richard Schueler
The Securities and Exchange Commission (SEC) has leveled serious charges against Richard Schueler, also known as Richard Heart, a U.S. citizen accused of raising over
Litecoin Halving Sparks Excitement as Traders Accumulate Ahead of the Big Day
Amidst the dynamic world of cryptocurrencies, on-chain data is signaling a notable surge in investor optimism as they turn bullish on Litecoin (LTC) price. On
GOP Advances Landmark Crypto Regulation Bill Amid Democratic Division
In the fast-paced world of cryptocurrencies, Democrats and Republicans are at odds over regulating the rapidly evolving market. Senator Elizabeth Warren’s Anti – Crypto Campaign
3.4 Million Lost: EraLend on ZkSync Falls Victim to Devastating Crypto Exploit
In a shocking turn of events, EraLend on ZkSync, a popular lending app, has become the latest target of a crippling security breach, leaving a
Yearn Finance Presents a $6,000 Challenge: Can the Crypto Community Hack the Impenetrable V3 Vault?
Yearn Finance, a decentralized platform renowned for its innovative automated smart contracts and yield-maximizing vaults, is set to unveil its much-anticipated Version 3 (V3). With
The Changing Face of Banking: CBDC Spark Concerns Among Traditional Banks
As Central Bank Digital Currencies (CBDCs) gain traction in the financial landscape, traditional banks are growing increasingly anxious about the potential implications. CBDCs, which are