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California Governor Vetoes Bill to Establish Licensing Framework for Crypto Companies

California Governor Vetoes Bill to Establish Licensing Framework for Crypto Companies

The Governor of California, Gavin Newsom, has vetoed a proposed bill that seeks to create license requirements for crypto companies in the state. The bill sponsored by Democrat Assemblyman Tim Grayson was passed by the state assembly and senate last month. The Digital Financial Assets Law will create a much-needed framework for the crypto space. In his letter to the California …

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Will these Solana [SOL] updates finally be enough to push the price

Will these Solana [SOL] updates finally be enough to push the price

At the time of writing, Solana’s (SOL) seven-day performance was pretty sluggish as it failed to register any promising gains. Though the prevailing crypto-market is a factor behind this performance, there might be other reasons as well. Nonetheless, there have been several positive developments in the Solana ecosystem that have the potential to change SOL’s fate. …

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Coinbase denies The Wall Street Journal’s proprietary trading allegations

Coinbase denies The Wall Street Journal’s proprietary trading allegations

Coinbase has denied allegations from The Wall Street Journal that it engaged in proprietary trading. The exchange said Sept. 22 that the WSJ  had confused its client-driven activities with proprietary trading. Proprietary trading allegation The Journal reported earlier on Sept. 22 that Coinbase created a trading group that used $100 million of the company funds to trade cryptocurrencies. According to the report, the …

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Russian officials approve use of crypto for cross-border payments: Report

Deputy Finance Minister Alexei Moiseev said the policy describes “how to acquire cryptocurrency, what can be done with it” and its use in cross-border settlements. NEWS   The Bank of Russia and the country’s Ministry of Finance have reportedly reached an agreement allowing cross-border settlements in cryptocurrencies. According to a Thursday report from the Russia-based …

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Russia Plans to Offer International Crypto Payment Options, Says Finance Ministry Official

Russia Plans to Offer International Crypto Payment Options, Says Finance Ministry Official

The draft bill on digital currencies prepared by the Finance Ministry should create a framework for crypto settlements, a statement by a Russian official confirmed on Sept. 19. Interfax quoted the head of the Finance Ministry’s Financial Policy Department, Ivan Chebeskov, stating that the draft bill on digital currencies will outline a list of currencies and counterparty …

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Whiskey in the metaverse: Jack Daniel’s files for virtual beverages trademark

Whiskey in the metaverse: Jack Daniel’s files for virtual beverages trademark

More global brands are increasingly making inroads to leverage the perceived benefits of incorporating the metaverse and non-fungal tokens (NFTs) in their services. Consequently, global Whisky brand Jack Daniels is the latest entity to express interest in the metaverse with three trademark filings. In particular, the company filed for the trademarks on September 13, intending to sell …

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SEC and Ripple each seek ruling in long-running unregistered securities case

SEC and Ripple each seek ruling in long-running unregistered securities case

QUICK TAKE Ripple and the SEC have each asked for a swift judgment in the regulator’s case against the crypto firm. The SEC has accused Ripple of selling unregistered securities when it issued XRP tokens. Ripple and the Securities and Exchange Commission (SEC) have each asked for a swift judgment in the regulator’s case against …

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XRP Suddenly Jumps 8%, Here Is Striking Thing About This Latest Price Increase

XRP Suddenly Jumps 8%, Here Is Striking Thing About This Latest Price Increase

The XRP price suddenly rose 10%, outperforming the top 10 cryptocurrencies in gains. At the time of publication, XRP was changing hands at $0.354, up 8% in the last 24 hours. In a surprising move, XRP rose from a low of $0.321 to reach a high of $0.358 on Sept. 16. CryptoLaw founder John Deaton highlights a …

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Veteran Trader Warns Cardano Mimicking Bitcoin Pattern That Preceded BTC’s 50% Crash

Veteran Trader Warns Cardano Mimicking Bitcoin Pattern That Preceded BTC’s 50% Crash

The widely followed veteran trader, Peter Brandt, is warning that Cardano (ADA) is exhibiting a bearish continuation pattern. Brandt tells his 675,600 Twitter followers that Cardano appears to be printing a descending triangle pattern, suggesting the possibility of a fresh leg down for ADA. The legendary trader, however, says his prediction doesn’t have to come to pass. …

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‘The Black Swan’ author calls Bitcoin a ‘tumor’ which is ‘hurting the economy’

‘The Black Swan’ author calls Bitcoin a ‘tumor’ which is ‘hurting the economy’

Despite the cryptocurrency sector growing and Bitcoin (BTC) gaining more supporters with each day, not everyone seems to be a fan, including ‘The Black Swan’  author Nassim Nicholas Taleb. Indeed, Taleb has slammed the modern economic environment by stating that it has led to the creation of tumors such as Bitcoin and claiming that such phenomena are hurting the economy, on …

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