Financial technology on Notably News

January 23 2025

Cryptocurrency

President Donald Trump signed Executive Order 14178, revoking previous digital assets orders, prohibiting central bank digital currency establishment, and establishing a group to propose a federal regulatory framework for digital assets within 180 days.

2024

Cryptocurrency

Dogecoin experiences significant price volatility, dropping from a record high of 73 cents to 13 cents.

December 17 2024

Cryptocurrency

ESMA published guidelines for identifying crypto-assets that qualify as financial instruments, which are excluded from the MiCA regulation.

November 2024

Cryptocurrency

The incoming Labour government confirmed plans to regulate cryptoassets, with new UK regulatory requirements expected to be implemented in 2026.

June 30 2024

Cryptocurrency

The EU regulation Markets in Crypto-Assets (MiCA) covering asset-referenced tokens (ARTs) and electronic money tokens (EMTs) came into force.

May 2024

Cryptocurrency

US Congress advanced the Financial Innovation and Technology for the 21st Century Act, defining regulatory responsibilities for digital assets between the CFTC and SEC, with specific provisions for blockchain and stablecoin regulation.

April 2024

Cryptocurrency

TVNZ's 1News reported the Cook Islands government proposed the Tainted Cryptocurrency Recovery Bill, which would allow 'recovery agents' to investigate cryptocurrency potentially used for illegal activities, including through hacking. The proposed legislation was drafted by two lawyers hired by US-based debt collection company Drumcliffe.

March 28 2024

Cryptocurrency

Sam Bankman-Fried was sentenced to 25 years in prison for cryptocurrency-related fraud.

2023

Cryptocurrency

An IMF working paper projected that crypto mining could generate 450 million tons of emissions by 2027, accounting for 0.7 percent of global emissions.

November 2 2023

Cryptocurrency

Sam Bankman-Fried was found guilty on seven counts of fraud related to FTX cryptocurrency exchange.

August 13 2023

Cryptocurrency

LiteBit, a cryptocurrency exchange previously headquartered in the Netherlands, was forced to cease all operations due to market changes and regulatory pressure.

March 23 2023

Cryptocurrency

The SEC issued an investor alert warning that firms offering crypto asset securities might not be complying with US laws and may be withholding important information.

February 2023

Cryptocurrency

The SEC ruled that Kraken's cryptocurrency staking service was operating as an illegal securities seller, resulting in a $30 million settlement and cessation of staking services in the US.

February 2023

Cryptocurrency

Median transaction fee for Ether was $2.2845, while for bitcoin it was $0.659.

2022

Cryptocurrency

The Ukrainian government successfully raised significant humanitarian aid through cryptocurrency following the Russian invasion of Ukraine.

2022

Cryptocurrency

RenBridge was discovered to have laundered at least $540 million since 2020, including funds from a cyberattack on the Japanese crypto exchange Liquid, linked to North Korea.

November 11 2022

Cryptocurrency

FTX Trading Ltd., a major cryptocurrency exchange valued at $18 billion, filed for bankruptcy, causing significant disruption in the cryptocurrency ecosystem.

September 2022

Cryptocurrency

South Korean prosecutors request an Interpol Red Notice against Do Kwon, founder of Terraform Labs, following the stablecoin collapse.

September 2022

Cryptocurrency

Cryptocurrency total market value halved from its peak, dropping from $2 trillion to approximately $1 trillion within nine months.

September 16 2022

Cryptocurrency

The Comprehensive Framework for Responsible Development of Digital Assets was released to support cryptocurrency development while restricting illegal use.

September 15 2022

Cryptocurrency

Ethereum transitioned from proof-of-work to proof-of-stake consensus mechanism in an upgrade called 'the Merge', reportedly reducing energy use and carbon emissions by 99.9%.

June 2022

Cryptocurrency

Bing terminated its cryptocurrency advertisement ban, opening up its platform for crypto-related marketing.

June 2022

Cryptocurrency

Bill Gates publicly stated that cryptocurrencies are '100% based on greater fool theory', expressing strong criticism of the cryptocurrency market.

May 2022

Cryptocurrency

The collapse of the Luna currency operated by Terra led to reports of suicidal investors in crypto-related online forums.

May 2022

Cryptocurrency

Major cryptocurrency price crash: Bitcoin lost 20%, Ethereum lost 26%, Solana lost 41%, and Cardano lost 35% in one week, attributed to inflation warnings.

May 11 2022

Cryptocurrency

Terra's stablecoin UST catastrophically crashes from $1 to 26 cents, leading to the loss of nearly $40B in Terra and Luna coins.

April 2022

Cryptocurrency

Computer programmer Virgil Griffith was sentenced to five years in prison in the US for attending a cryptocurrency conference in Pyongyang and presenting on blockchains potentially used for sanctions evasion.

March 2022

Cryptocurrency

American sources warned about potential crypto-transactions being used to evade economic sanctions against Russia and Belarus.

March 9 2022

Cryptocurrency

President Biden issued an executive order addressing the development of cryptocurrency regulations, balancing industry growth with preventing illegal transactions.

February 2022

Cryptocurrency

Western nations imposed severe economic sanctions on Russia following its invasion of Ukraine, which drew attention to cryptocurrency's potential role in financial transactions.

February 17 2022

Cryptocurrency

The Department of Justice appointed Eun Young Choi as the first director of the National Cryptocurrency Enforcement Team to address cryptocurrency misuse.

January 2022

Cryptocurrency

IMF's financial counsellor Tobias Adrian emphasized the need for a coordinated, consistent approach to cryptocurrency supervision in an interview.

2021

Cryptocurrency

The U.S. arm of Greenpeace discontinued accepting bitcoin donations after seven years, citing concerns about the high energy consumption required to run bitcoin.

2021

Cryptocurrency

Kazakhstan became the second-biggest cryptocurrency mining country, producing 18.1% of the global exahash rate, and built a compound with 50,000 computers near Ekibastuz.

2021

Cryptocurrency

The U.S. sanctioned Suex, a cryptocurrency exchange suspected of facilitating money laundering.

2021

Cryptocurrency

UK financial regulator (FCA) research revealed significant consumer misconceptions about cryptocurrency, including that 70% of respondents wrongly assumed cryptocurrencies were regulated and 75% of younger investors were driven by competition with friends and family.

2021

Cryptocurrency

A backlash emerged against cryptocurrency donations due to environmental emissions, leading some aid agencies to stop accepting bitcoin and seek alternative 'greener' cryptocurrencies.

2021

Cryptocurrency

Nearly $2.2 billion worth of cryptocurrencies was embezzled from DeFi protocols, accounting for 72% of all cryptocurrency theft in the year.

2021

Cryptocurrency

Criminals laundered a significant amount of cryptocurrency, representing a 30% increase from the previous year, with 47% of funds sent from crime-linked addresses routed through a small group of centralized exchanges.

2021

Cryptocurrency

Over $400 million worth of cryptocurrency ransomware revenue (74%) went to software strains likely affiliated with Russia.

2021

Cryptocurrency

The Library of Congress documented 9 countries with an 'absolute ban' on cryptocurrency trading or usage, including Algeria, Bangladesh, Bolivia, China, Egypt, Iraq, Morocco, Nepal, and the United Arab Emirates.

December 2021

Cryptocurrency

Facebook ended its cryptocurrency advertisement ban, permitting crypto-related promotional content on its platform.

December 2021

Cryptocurrency

Bitcoin estimated to produce 65.4 million tons of carbon emissions, equivalent to the annual emissions of Greece, and consuming between 91 and 177 terawatt-hours annually.

December 2021

Cryptocurrency

Monkey Kingdom, a Hong Kong-based NFT project, lost US$1.3 million in cryptocurrencies through a hacker's phishing link.

December 31 2021

Cryptocurrency

Total cryptocurrency market value peaked at $2 trillion by the end of 2021.

October 2021

Cryptocurrency

Mastercard announced a collaboration with digital asset manager Bakkt to develop a platform allowing banks and merchants on the Mastercard network to offer cryptocurrency services.

October 2021

Cryptocurrency

A National Bureau of Economic Research paper found systemic risk in bitcoin, with the top 10,000 addresses controlling about one-third of all bitcoin in circulation, and 0.01% of miners controlling 50% of the mining capacity.

October 19 2021

Cryptocurrency

ProShares launched the first bitcoin-linked exchange-traded fund (ETF) on the NYSE, trading under the ticker 'BITO', which was seen as a significant endorsement for the crypto industry.

September 2021

Cryptocurrency

China declared all cryptocurrency transactions illegal, completing a comprehensive crackdown on cryptocurrency operations within the country.

January 23 2025	Cryptocurrency President Donald Trump signed Executive Order 14178, revoking previous digital assets orders, prohibiting central bank digital currency establishment, and establishing a group to propose a federal regulatory framework for digital assets within 180 days.
2024	Cryptocurrency Dogecoin experiences significant price volatility, dropping from a record high of 73 cents to 13 cents.
December 17 2024	Cryptocurrency ESMA published guidelines for identifying crypto-assets that qualify as financial instruments, which are excluded from the MiCA regulation.
November 2024	Cryptocurrency The incoming Labour government confirmed plans to regulate cryptoassets, with new UK regulatory requirements expected to be implemented in 2026.
June 30 2024	Cryptocurrency The EU regulation Markets in Crypto-Assets (MiCA) covering asset-referenced tokens (ARTs) and electronic money tokens (EMTs) came into force.
May 2024	Cryptocurrency US Congress advanced the Financial Innovation and Technology for the 21st Century Act, defining regulatory responsibilities for digital assets between the CFTC and SEC, with specific provisions for blockchain and stablecoin regulation.
April 2024	Cryptocurrency TVNZ's 1News reported the Cook Islands government proposed the Tainted Cryptocurrency Recovery Bill, which would allow 'recovery agents' to investigate cryptocurrency potentially used for illegal activities, including through hacking. The proposed legislation was drafted by two lawyers hired by US-based debt collection company Drumcliffe.
March 28 2024	Cryptocurrency Sam Bankman-Fried was sentenced to 25 years in prison for cryptocurrency-related fraud.
2023	Cryptocurrency An IMF working paper projected that crypto mining could generate 450 million tons of emissions by 2027, accounting for 0.7 percent of global emissions.
November 2 2023	Cryptocurrency Sam Bankman-Fried was found guilty on seven counts of fraud related to FTX cryptocurrency exchange.
August 13 2023	Cryptocurrency LiteBit, a cryptocurrency exchange previously headquartered in the Netherlands, was forced to cease all operations due to market changes and regulatory pressure.
March 23 2023	Cryptocurrency The SEC issued an investor alert warning that firms offering crypto asset securities might not be complying with US laws and may be withholding important information.
February 2023	Cryptocurrency The SEC ruled that Kraken's cryptocurrency staking service was operating as an illegal securities seller, resulting in a $30 million settlement and cessation of staking services in the US.
February 2023	Cryptocurrency Median transaction fee for Ether was $2.2845, while for bitcoin it was $0.659.
2022	Cryptocurrency The Ukrainian government successfully raised significant humanitarian aid through cryptocurrency following the Russian invasion of Ukraine.
2022	Cryptocurrency RenBridge was discovered to have laundered at least $540 million since 2020, including funds from a cyberattack on the Japanese crypto exchange Liquid, linked to North Korea.
November 11 2022	Cryptocurrency FTX Trading Ltd., a major cryptocurrency exchange valued at $18 billion, filed for bankruptcy, causing significant disruption in the cryptocurrency ecosystem.
September 2022	Cryptocurrency South Korean prosecutors request an Interpol Red Notice against Do Kwon, founder of Terraform Labs, following the stablecoin collapse.
September 2022	Cryptocurrency Cryptocurrency total market value halved from its peak, dropping from $2 trillion to approximately $1 trillion within nine months.
September 16 2022	Cryptocurrency The Comprehensive Framework for Responsible Development of Digital Assets was released to support cryptocurrency development while restricting illegal use.
September 15 2022	Cryptocurrency Ethereum transitioned from proof-of-work to proof-of-stake consensus mechanism in an upgrade called 'the Merge', reportedly reducing energy use and carbon emissions by 99.9%.
June 2022	Cryptocurrency Bing terminated its cryptocurrency advertisement ban, opening up its platform for crypto-related marketing.
June 2022	Cryptocurrency Bill Gates publicly stated that cryptocurrencies are '100% based on greater fool theory', expressing strong criticism of the cryptocurrency market.
May 2022	Cryptocurrency The collapse of the Luna currency operated by Terra led to reports of suicidal investors in crypto-related online forums.
May 2022	Cryptocurrency Major cryptocurrency price crash: Bitcoin lost 20%, Ethereum lost 26%, Solana lost 41%, and Cardano lost 35% in one week, attributed to inflation warnings.
May 11 2022	Cryptocurrency Terra's stablecoin UST catastrophically crashes from $1 to 26 cents, leading to the loss of nearly $40B in Terra and Luna coins.
April 2022	Cryptocurrency Computer programmer Virgil Griffith was sentenced to five years in prison in the US for attending a cryptocurrency conference in Pyongyang and presenting on blockchains potentially used for sanctions evasion.
March 2022	Cryptocurrency American sources warned about potential crypto-transactions being used to evade economic sanctions against Russia and Belarus.
March 9 2022	Cryptocurrency President Biden issued an executive order addressing the development of cryptocurrency regulations, balancing industry growth with preventing illegal transactions.
February 2022	Cryptocurrency Western nations imposed severe economic sanctions on Russia following its invasion of Ukraine, which drew attention to cryptocurrency's potential role in financial transactions.
February 17 2022	Cryptocurrency The Department of Justice appointed Eun Young Choi as the first director of the National Cryptocurrency Enforcement Team to address cryptocurrency misuse.
January 2022	Cryptocurrency IMF's financial counsellor Tobias Adrian emphasized the need for a coordinated, consistent approach to cryptocurrency supervision in an interview.
2021	Cryptocurrency The U.S. arm of Greenpeace discontinued accepting bitcoin donations after seven years, citing concerns about the high energy consumption required to run bitcoin.
2021	Cryptocurrency Kazakhstan became the second-biggest cryptocurrency mining country, producing 18.1% of the global exahash rate, and built a compound with 50,000 computers near Ekibastuz.
2021	Cryptocurrency The U.S. sanctioned Suex, a cryptocurrency exchange suspected of facilitating money laundering.
2021	Cryptocurrency UK financial regulator (FCA) research revealed significant consumer misconceptions about cryptocurrency, including that 70% of respondents wrongly assumed cryptocurrencies were regulated and 75% of younger investors were driven by competition with friends and family.
2021	Cryptocurrency A backlash emerged against cryptocurrency donations due to environmental emissions, leading some aid agencies to stop accepting bitcoin and seek alternative 'greener' cryptocurrencies.
2021	Cryptocurrency Nearly $2.2 billion worth of cryptocurrencies was embezzled from DeFi protocols, accounting for 72% of all cryptocurrency theft in the year.
2021	Cryptocurrency Criminals laundered a significant amount of cryptocurrency, representing a 30% increase from the previous year, with 47% of funds sent from crime-linked addresses routed through a small group of centralized exchanges.
2021	Cryptocurrency Over $400 million worth of cryptocurrency ransomware revenue (74%) went to software strains likely affiliated with Russia.
2021	Cryptocurrency The Library of Congress documented 9 countries with an 'absolute ban' on cryptocurrency trading or usage, including Algeria, Bangladesh, Bolivia, China, Egypt, Iraq, Morocco, Nepal, and the United Arab Emirates.
December 2021	Cryptocurrency Facebook ended its cryptocurrency advertisement ban, permitting crypto-related promotional content on its platform.
December 2021	Cryptocurrency Bitcoin estimated to produce 65.4 million tons of carbon emissions, equivalent to the annual emissions of Greece, and consuming between 91 and 177 terawatt-hours annually.
December 2021	Cryptocurrency Monkey Kingdom, a Hong Kong-based NFT project, lost US$1.3 million in cryptocurrencies through a hacker's phishing link.
December 31 2021	Cryptocurrency Total cryptocurrency market value peaked at $2 trillion by the end of 2021.
October 2021	Cryptocurrency Mastercard announced a collaboration with digital asset manager Bakkt to develop a platform allowing banks and merchants on the Mastercard network to offer cryptocurrency services.
October 2021	Cryptocurrency A National Bureau of Economic Research paper found systemic risk in bitcoin, with the top 10,000 addresses controlling about one-third of all bitcoin in circulation, and 0.01% of miners controlling 50% of the mining capacity.
October 19 2021	Cryptocurrency ProShares launched the first bitcoin-linked exchange-traded fund (ETF) on the NYSE, trading under the ticker 'BITO', which was seen as a significant endorsement for the crypto industry.
September 2021	Cryptocurrency China declared all cryptocurrency transactions illegal, completing a comprehensive crackdown on cryptocurrency operations within the country.
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