During the June FOMC meeting, the US Federal Reserve decided not to raise the federal funds rate. Jerome Powell, the chairman, stated that the upcoming July meeting would be “live” and determine if the interest rate would increase. Powell later testified that the…
Authorities in Libya conducted a raid on a data center in their efforts to combat illegal cryptocurrency mining in the country. As a result, 50 Chinese nationals were detained for their involvement in the mining operations. It was discovered that minors were also…
PRNEWS.IO has announced a strategic collaboration with crypto.news, a respected source of information in the crypto and web3 domains. The partnership aims to deliver effective brand exposure and engagement through PRNEWS.IO’s innovative service content marketplace. Crypto.news provides unbiased news, analysis, research, and education…
The third plenary of the Financial Action Task Force (FATF), a global money-laundering watchdog, has highlighted the need to address regulatory gaps in the compliance system for virtual assets. The meeting, attended by over 200 delegates in Paris, assessed the adoption of the…
The Federal Deposit Insurance Corporation (FDIC) accidentally released an unredacted document revealing that the US government guaranteed the deposits of Silicon Valley Bank’s (SVB) top ten customers after its collapse earlier this year. The document was released following a Freedom of Information Act…
A trader known as DonAlt, who successfully rode the cryptocurrency rally earlier this year, has turned bullish on Bitcoin as it surpasses the $30,000 level. In a recent strategy session, DonAlt stated that Bitcoin is currently in the “indecision zone” and believes it…
Zachery Ty Bryan, best known for playing Brad Taylor on the sitcom “Home Improvement,” is facing accusations of being involved in a cryptocurrency scam. It is alleged that Bryan took $50,000 from multiple individuals by falsely promising to invest it in a cryptocurrency…
CACEIS Bank, a banking arm of the CACEIS group and owned by Credit Agricole and Santander, has been granted a license by the Autorité des Marchés Financiers (AMF) to provide crypto custody services in France. This license, known as PSAN status, allows CACEIS…
The Turkish Lira has experienced a significant decline of 21% since the beginning of 2023, reaching a record low of 25.74 per dollar after a 650 basis point interest rate hike by the central bank on June 22. This depreciation represents a total…