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Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause
The Mortgage Bankers Association (MBA) stated that for the first time ever, in 2022, banks were losing money on every mortgage they’d…
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Regulation Hits Generative Artificial Intelligence; Security Concerns And Privacy Cited
The launch of generative artificial intelligence tools such as ChatGPT has sparked a new wave of hype around AI. Although, regulators have…
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Crypto Exchange Bittrex Exits the US Market Citing Regulatory Challenges
Cryptocurrency exchange Bittrex is closing down its US operations due to the country’s current state of “regulatory and economic environment.” Users can…
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FTX EU Launches Website For Withdrawals Approved By Regulators
FTX European arm, FTX EU, has launched a website for customers to access their accounts and submit withdrawal requests. According to a…
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Denmark’s Supreme Court Rules Bitcoin Profit As Taxable
Denmark’s Supreme Court has recently made two landmark rulings that could significantly impact the country’s cryptocurrency industry. In two separate cases, the…
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Bitcoin Price Targets Under Pressure As CFTC Files A Lawsuit Against Binance
Bitcoin price hit a 7-day low on March 27 at $26,670 after the United States Commodity Futures Trading Commission (CFTC) presented a…
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Kraken And Formula 1’s Williams Racing Team Up For A Global Sport Sponsorship Deal
Cryptocurrency exchange Kraken has signed a sports sponsorship deal with Formula 1’s Williams Racing for the 2023 F1 season, which started at…
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Voyager Digital – Binance.US $1.3 Billion Sale Suspended Pending DOJ’s Appeal
Bankrupt cryptocurrency lending platform Voyager Digital may have to wait longer before selling its assets to Binance.US after a federal judge halted…
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CFTC Investigates Binance Over Insider Trading Allegations
Binance faces insider trading allegations as the US CFTC launches an investigation, revealed by Bloomberg report. The CFTC has filed a lawsuit…
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Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank
First-Citizens Bank will acquire the loans and deposits of Silicon Valley Bank (SVB), one of the crypto lenders that failed this month,…