US Representative Brad Sherman will be introducing a bill in the House aimed at cracking down on U.S. businesses handling crypto transactions for Russian banks and individuals.Speaking at a hybrid markup meeting with the House Financial Services Committee on Thursday, Sherman said he will be introdu

Ukrainian President Volodymyr Zelenskyy legalized crypto in the country, signing into law a bill on virtual assets, amid a frenzy of digital asset donations to support the country's defense against a Russian invasion. Cryptocurrency can now legally play it’s role in state affairs.The law determines

Eight members of Congress have written to Gary Gensler, chairman of the Securities and Exchange Commission, about the SEC's treatment of crypto firms. Particularly, the congresspeople imply that the SEC is misusing its investigative divisions.The eight members of the Congressional Blockchain Caucus

“We’re working on bringing non-fungible tokens (NFTs) to Instagram in the near term," Meta (former FaceBook) CEO Mark Zuckerberg said at a panel at Austin’s South by Southwest Festival on Tuesday, according to a tweet from Engadget Senior Editor Karissa Bell. Zuckerberg added, however, that “I’m not

American Express, the world's second-largest payments processor, has filed seven trademark applications linked to virtual services and its iconic Centurion logo, joining financial peers JP Morgan, Visa, and Mastercard in exploring Web3 applications of its IP.It seems like that the company is ready t

A crypto custody startup spearheaded by financial services giants Standard Chartered and Northern Trust is plotting new products aimed at generating yield for institutional investors. Maxime de Guillebon, Zodia’s CEO, told The Block in an interview that the business is ready to launch collateral man

Non-Fungible tokens (NFTs) were in a strong bull run from Jan. 1 to mid-February. During this time, OpenSea volumes topped $5 billion and then fell to $3.6 billion toward the end of February. This could have been a sign that the overall sentiment of the crypto and NFT market was correcting. As Q2 ap

Chains are keen to hike their total value locked [TVL] dominance as this is a way to amp up adoption and boost their presence in the space. Ethereum is thought to be the reigning DeFi (Decentralized Finance) alt (altcoin), but as the markets grow larger and more bridges and links are formed, what ar

The latest draft of the European Union's (EU) proposed legislative framework for governing virtual currencies, Markets in Crypto Assets (MiCA), still contains a provision that could limit the use of PoW (proof-of-work) cryptocurrencies.Proof-of-work is the energy-intensive consensus mechanism that u

Warner Bros. is creating over 6 million DC Comics-inspired physical trading cards packaged with redeemable NFTs (Non-Fungible Tokens) that will be available later this month. A play-to-earn game combined with DC Comics may become a new trend.Cartamundi, a card and board game company, will design the