Tightening The Noose: Insights Into KYC and AML Procedures
When it comes to understanding Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations you can often be left wondering, "What did I just read?" Afterall, these topics are pretty boring, and filled with complex terminology, and frankly, often carried out
First Republic Bank Enters Receivership: BTC Price Surges
Bitcoin (BTC) witnessed a surge in its value within the past 24 hours, triggered by fears of an imminent bank failure. Specifically, First Republic Bank (FRC), whose shares closed down by over 50% on April 25. This leads to concerns that
CBDC: A Guide To Grasping Central Bank Digital Currency
Some people believe that CBDCs, or Central Bank Digital Currencies, are the future of money. Frankly, whether they are or are not is very much up for debate. However, they may have a valid argument given the speed at which the
Seeking Legal Eagles: SEC Hiring Attorneys for Cyber & Crypto Unit
These days it's easy to feel a bit lost in the ever-evolving landscape of cryptocurrency regulations. It seems like there are new developments coming out of D.C. everyday. And the ramp up for a crypto crackdown continues. Now, the Securities and Exchange
Money 2.0: Grasping the Differences Between CBDC and Crypto
Both CBDCs and cryptocurrencies have dominated headlines all over the world during the past months. For those outside of the financial establishment, it's fair to say that they have even confused the heck out of folks. And as their development, implementation
MasterCard and Mint Migrate to Hedera
Despite the adverse impact of events like the downfall of the FTX exchange, Celsius Network and Terra Luna, the HBAR network continues to drive development, introducing innovative products using its Hashgraph technology. Throughout 2023, Hedera (HBAR) has been making significant strides
Celsius Network: The Bankruptcy Saga Continues
In June of 2022, Celsius, a once prominent crypto lender headquartered in New Jersey, suspended customer withdrawals. A month later, in July, they filed for bankruptcy. During this time, Celsius stated that they had over 1.7 million registered users and 300,000
The Heat Is On: Gensler’s Take On Crypto Regulations
Gary Gensler, Chair of the United States Securities and Exchange Commission (SEC), recently testified before the House Appropriations Committee regarding a proposed budget for the commission's operations for the upcoming financial year. Gensler requested $2.436 Billion in order to support the