On July 13, U.S. cryptocurrency lender Voyager Digital declared bankruptcy, becoming another casualty of the sharp price decline that rattled the industry. During the Covid-19 pandemic, cryptocurrency lenders like Voyager expanded, luring depositors with high-interest rates and convenient access to loans that conventional banks hardly ever...
Florida Governor Ron DeSantis approved new cryptocurrency legislation. The new law clarifies virtual currency in legal terms, modifies Florida's financial laws regarding money service businesses (MSBs), and ultimately loosens limitations on the state's cryptocurrency industry. On January 1, 2023, the new Florida cryptocurrency law will...
The cryptocurrency hedging firm Three Arrows Capital has filed for bankruptcy, making it one of the most considerable casualties of the most recent "cryptographic winters." Teneo has recently been engaged to manage the liquidation process. When CNBC contacted Three Arrows Capital or 3AC, it did not...
Consumers who invest in crypto assets risk losing all of their money and becoming victims of frauds, according to a joint statement released by the European Union's securities, banking, and insurance watchdogs on March 17. According to the regulators, If consumers purchase these assets, they risk...
When Russia launched the war against Ukraine, Crypto Marketing was immediately affected and recorded losses of up to $1.57 trillion. On February 24, when the Russian President announced the attack on Ukraine, Crypto Marketing recorded a significant drop, as Coin Desk price for bitcoin registered. The cost of Bitcoin fell by 8.12%, and Ethereum was down by 13.28%. Source: CoinDesk site Source: CoinDesk site As Coin Desk...