China Renews Its Tough Stance on Cryptos by Launching a Renewed Crackdown
The Chinese central bank prohibited customer support teams from crypto exchanges to operate in the country.
Original source
Read on Finance MagnatesRelated market context
European Central Bank hikes interest rates for first time since 2023, raising pressure on crypto markets
The ECB's rate hike signals tighter monetary conditions, potentially dampening crypto market growth and challenging DeFi's competi...
Japan’s SBI is using XRP to solve a banking problem
SBI Shinsei Bank is reportedly offering crypto deposit rewards to customers, with vouchers worth 20% of their interest payments re...
US Central Command strikes Iranian military assets as hostilities escalate, rattling crypto markets
Escalating US-Iran tensions could disrupt oil flow, impacting global inflation and delaying central bank rate cuts, affecting cryp...
Sam Bankman-Fried loses appeal against crypto fraud conviction
The ruling underscores the judiciary's commitment to equating crypto fraud with traditional financial crimes, setting a stern prec...
Hungary Reverses Crypto Crackdown, CFTC Proposes Prediction Market Rules, and Anthropic AI Jailbroken in 48 Hours
Hungary decriminalises crypto trading after EU scrutiny, CFTC proposes prediction market rules, and Anthropic's AI jailbroken in 4...
Elon Musk’s SpaceX IPO fever sparks $1 billion crypto bet before Nasdaq debut
Crypto traders have turned Elon Musk’s expected SpaceX listing into a round-the-clock proxy market, pushing more than $1 billion t...