Topic

Economics News

A collection of 554 issues

US lawmaker proposes to cut SEC Chair Gary Gensler’s salary to $1

In an audacious move by U.S. lawmakers, a bill has been proposed that could slash the salary of Securities and Exchange Commission (SEC) Chair Gary Gensler to just $1, echoing a level of discontent with the current oversight of the cryptocurrency market by the SEC under his leadership. This

Uzbekistan to increase oil imports to one million tons

In an announcement that could have significant implications for energy politics and the dynamics of Central Asia, Uzbekistan has confirmed plans to increase oil imports from Russia to a total of one million tons in 2024. This move, as per information circulated on the Telegram channel of the Uzbek Ministry

Aave

In an unprecedented move that has rippled through the cryptocurrency community, Aave, one of the leading decentralized finance (DeFi) lending protocols, has announced a temporary suspension of its operations due to a vulnerability within its system. The announcement, made through their official Twitter account, sent shockwaves throughout the market, as

Argentine politician Sergio Massa has proposed using surplus natural gas from the Vaca Muerta field to mine bitcoins.

In the sprawling landscape of Argentina's Patagonia, the Vaca Muerta shale formation stretches far beneath the arid scrubland—a fossil-rich trove and one of the world's largest reserves of shale gas and oil. Beyond the promise of fossil fuels, this region is now at the center

Oyster Protocol Founder Sentenced to Four Years for Tax Evasion and Exit Scam

In a landmark case that has sent shockwaves through the cryptocurrency community, the founder of Oyster Protocol, has been sentenced to four years in prison and slapped with a $5.5 million fine for tax evasion and conducting an exit scam in 2018. The case has highlighted the growing need

Coinbase Sees Tokenization As Important Part of Crypto Market in Next 2 Years

Coinbase, one of the leading cryptocurrency exchange platforms, has recently released an in-depth report highlighting the burgeoning role of tokenization in the cryptocurrency market for the next two years and beyond. The report underscores the transformative potential of tokenization, delineating how it is poised to revolutionize various sectors including real

VanEck

VanEck, a significant player in the investment field, has once again put forward an application for a spot Bitcoin exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). This re-submission follows an earlier decision to withdraw its initial request, showcasing the firm's perseverance in the

UK Bill for Seizing Illicit Crypto Finally Becomes Law: Strengthening Law Enforcement Capabilities and Addressing the Challenges of a Digital Age

The United Kingdom has taken a significant step in the battle against cybercrime and illicit financial transactions with the implementation of the Economic Crime and Corporate Transparency Bill, a comprehensive piece of legislation that provides law enforcement agencies with unprecedented powers to seize and freeze cryptocurrency assets linked to criminal

Mastercard Explores Partnership Opportunities with Ledger and MetaMask for Crypto Wallet Integration

In a monumental move indicating the continuing integration of traditional financial systems with the evolving world of cryptocurrency, Mastercard, one of the world’s leading payment processors, is reportedly in discussions to forge partnerships with major cryptocurrency wallet providers, Ledger and MetaMask. This strategic move aims to enhance user engagement

MicroStrategy’s Bitcoin Investment Hits $745M Unrealized Profit

In a surprising turn of events in the world of corporate Bitcoin investment, MicroStrategy, a global leader in business intelligence, has found itself sitting on a staggering $745 million in unrealized profit from its Bitcoin holdings. The remarkable profit surge follows a notable rally in Bitcoin’s price, which has