Colombo, Sri Lanka–When 37-year-old Harshana Pathirana quit his job in the hotel sector, sold his car and invested in what he believed was a cryptocurrency, he dreamed of making a fortune, especially as the economy around him cratered. More than a year later, with the tourism sector battered in the face of Sri Lanka’s worst … Read more
The crypto winter is upon us, hammering institutional and retail investors alike. In a Barron’s Live webinar on 21 July, Financial News talked to Charles Allen, chief executive of blockchain infrastructure firm BTCS, to discuss the lasting consequences of the crash, the role of regulators, and what’s next for digital assets. This excerpt has been … Read more
The Enforcement Directorate has widened the scope of its probe into functioning of crypto currency exchanges following action against the WazirX with at least six such exchanges being probed on suspicion of Chinese nationals using them as shell companies to fly large amounts of cash out of the country through their gateways. Of the six … Read more
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The United States has sanctioned Tornado Cash, a so-called mixing service that lets users make their Ethereum transactions virtually untraceable, and that the US claims is a haven for North Korean hackers and other criminals to launder money. Today’s update to the sanctions list marks the second time the US Treasury’s Office of Foreign Asset … Read more
Galaxy Digital loses $554M, Celsius won’t rehire CFO, and US bans Tornado Cash: CNBC Crypto WorldCNBC Television
Dubai wants to become a global tech hub – and it’s betting on crypto to get it thereCNBC International
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – The theme of this week in the crypto market was regulation as several major developments including a new … Read more
Block’s bitcoin profits tumble, and Czech royals preserve artifacts with NFTs: CNBC Crypto WorldCNBC Television
Traditional equity markets need to cut the red tape if they want to lure retail investors away from crypto, the chief executive of the London Stock Exchange has said. “If we want to protect consumers we should absolutely be making it easier for them to purchase regulated assets rather than having them go into the … Read more