US President Donald Trump’s crypto working group has reportedly urged federal regulators to clarify trading rules for digital assets as part of a broader effort to ease the adoption of new financial products, highlighting the White House’s increasing focus on the blockchain economy following the passage of three separate crypto bills earlier this month. The … Read more
US President Donald Trump’s crypto working group has reportedly urged federal regulators to clarify trading rules for digital assets as part of a broader effort to ease the adoption of new financial products, highlighting the White House’s increasing focus on the blockchain economy following the passage of three separate crypto bills earlier this month. The … Read more
Galaxy Digital (GLXY) is well positioned to capture upside from the favorable regulatory backdrop for cryptocurrency, Jefferies said in a new research report. Jefferies has initiated coverage of the crypto investment bank with a buy rating, citing the passage of the GENIUS Act in the U.S. as “providing favorable market structure,” for Galaxy's business. The … Read more
Microsoft has entered into a 10-year commitment to bring the gaming title Call of Duty to Nintendo platforms, the Chief Executive Officer of Microsoft Gaming Phil Spencer said in a tweet on Wednesday. “Microsoft has committed to continue to offer Call of Duty on @Steam simultaneously to Xbox after we have closed the merger with … Read more
Microsoft is in talks about an extension of its acquisition contract with video game maker Activision Blizzard, which is set to expire on Tuesday, so the parties can overcome the remaining regulatory hurdles to their $69 billion (nearly Rs. 5,66,100 crore) deal, a person familiar with the matter said on Monday. The expiration of the … Read more
Malaysia, which has been actively cracking down on illegal crypto operations, has issued a notice to the Bybit crypto exchange. The Securities Commission Malaysia (SC) has instructed Bybit to suspend its services in the country. According to an official SC statement, the Dubai-based exchange has been operating its digital asset exchange (DAX) unlawfully in Malaysia. … Read more
With the rate of adoption of the digital assets sector on the rise in different parts of the world, more countries are stepping up their efforts to regulate the industry. Authorities from the US and the UK have decided to exchange human resources in order to collaborate on the drafting of crypto regulations. This initiative … Read more
As inauguration day approaches, members of the crypto industry are eagerly anticipating a slew of digital asset friendly executive actions at the dawn of a second Trump Administration. Potentially at the top of the wish list would be an executive order prompting the regulatory agencies, including the Commodity Futures Trading Commission and the Securities and … Read more
Microsoft has ditched the board observer seat at OpenAI that has drawn regulatory scrutiny on both sides of the Atlantic, saying it was not necessary after the AI start-up’s governance had improved significantly in the past eight months. iPhone maker Apple had also been expected to take an observer role on OpenAI’s board but would … Read more
The US Securities and Exchange Commission’s crypto task force held its first public meeting with experts on Friday, focusing on how securities laws might apply to digital assets as the Trump administration looks to overhaul cryptocurrency regulations. Among the participants of the roundtable were John Reed Stark, former chief of the SEC’s Office of Internet … Read more