Circle to Become Full-Reserve Bank Amid Stablecoin Scrutiny
The stablecoin giant Circle announced on Monday it intends to become a "national digital currency bank"—a move that would place it under the direct supervision of the Federal Reserve and…
Poloniex Settles for $10 Million with SEC for ‘Aggressive’ Listing Policy
Crypto exchange Pononiex has settled for $10 million with the U.S. Securities and Exchange Commission for selling digital securities. From July 2017 through November 2019, the SEC alleged that the…
Price of Gold Crashes 6% in Two Hours
The price of gold crashed from just over $1,800 to around $1,690 per ounce yesterday afternoon, its lowest price since March, after what trading firm City Index called “stop-loss related…
Tether Is Backed by Nearly 50% Commercial Paper Says New Report
Tether, the firm behind the stablecoin USDT, has released an assurance report that provides a breakdown of the company's consolidated assets. Per the report, Tether has a total backing of…
Ethereum Slumps as Buyers Defend the Critical Support at $2,900
The Ethereum price (ETH) is on the retreat today, August 9, after being rejected at the high of $3,187. The current retracement is reaching bearish exhaustion as the altcoin hits…
SEC Fines Poloniex $10 Million for Operating Unregistered Cryptocurrency Exchange
The U.S. Securities and Exchange Commission (SEC) has charged Poloniex with operating an unregistered cryptocurrency exchange. Poloniex has agreed to a cease-and-desist order and to pay $10.34 million. SEC Hits…
India Plans to Unveil Central Bank Digital Currency Model by Year End
The deputy governor of India’s central bank, the Reserve Bank of India (RBI), says the bank should be able to come up with a central bank digital currency (CBDC) model…
