Pump.fun token auction delayed again amid legal pressure, social media ban
The planned raise, originally targeting $1 billion at a $4 billion valuation, has been pushed to mid-July. Social media platform X suspended Pump.fun and the founder’s accounts on 16 June.…
South Korea reviews ban on corporations trading virtual assets
South Korea lifts crypto ban for companies. The ban lift has been structured in a two-phase plan. The move coincides with the enactment and enforcement of South Korea’s Virtual Asset…
The crypto industry wants Trump to ban the Digital Dollar
The Crypto industry wants Donald Trump to ban the development of a US CBDC. The community is in support of a strategic Bitcoin reserve over a CBDC. Donald Trump is…
Morocco reconsidering its crypto ban, drafting crypto regulations
Morocco is drafting new crypto regulations to reverse its 2017 digital asset ban. Morocco’s central bank is exploring the creation of a central bank digital currency (CBDC). Global trends show…
Polymarket in focus as CFTC is pushed to ban gambling on US elections
Polymarket’s popularity raises fears of corruption and undue election influence. Lawmakers urge CFTC to ban election betting, citing democracy trust concerns. Senators stress elections shouldn’t be influenced by wealthy individuals’…
Worldcoin (WLD) drops below $5 following Hong Kong’s ban
Hong Kong authorities have order Worldcoin (WLD) to cease biometric data collection in the country. Despite regulatory setbacks, Worldcoin’s user base has grown to 10 million users. The price of…
Chase Bank announces an outright ban on crypto payments in the U.K.
Chase Bank will start to block crypto payments in U.K. from October 16th. The retail bank says the ban is related to an increase in crypto frauds. Chase Bank has…
India embarks on crafting crypto regulations after ruling out ban
India was long thought to be planning a complete ban on cryptocurrencies. However, in the just concluded G20 Summit, India joined other G20 nations to support IMF-FSB joint recommendations for…
Belarus planning to ban P2P crypto transactions
Belarusian President Alexander Lukashenko in 2022 signed a decree allowing free circulation of cryptocurrencies like Bitcoin in the country. The announcement somewhat seems to contradict the previous stand that Belarus…
Florida Governor Ron DeSantis seeks to ban CBDCs
Key takeaways Florida’s governor has proposed a legislature that would prohibit the use of CBDCs. The governor claims that the use of CBDCs would stifle innovations in Florida. President Biden’s…