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Suex Founder Loses Top Job Over US Sanctions, Major Exchange, Payment Provider Implicated
26.9.2021
The scandal around sanctioned crypto broker Suex is growing in Russia where one of the co-founders of the OTC platform has been dismissed from his executive post at a bank. Meanwhile, an anti-drug organization has referred the case to the interior ministry and the central bank, asking authorities...
Abkhazia Seizes 6,000 Mining Devices but Fails to Disrupt Crypto Mining
26.9.2021
Authorities in Abkhazia have confiscated thousands of mining machines, closing down all large crypto farms, yet they have admittedly failed to put an end to illegal mining operations. The breakaway republic of Georgia has been struggling with power shortages blamed on underground miners. 30,000...
Former US Treasury Secretary Larry Summers: Cryptocurrency Will ‘Do Better Regulated’
26.9.2021
Former U.S. treasury secretary and chief economist at the World Bank, Larry Summers, says cryptocurrency will do better regulated in a sound way instead of being treated as a libertarian paradise. Larry Summers Sees Crypto Benefiting From Strong Regulation Lawrence Summers, who served as...
Indonesia Will Not Ban Cryptocurrencies Like China, Minister Says as Crypto Trade Soars
25.9.2021
Authorities in Indonesia do not intend to follow China’s example of imposing an outright ban on cryptocurrencies, a government official said, noting the country will limit itself to ensuring they are not used in illegal activities. The statement comes after local crypto exchanges registered...
US Senator Calls on SEC Chairman to Provide Regulatory Clarity on Cryptocurrencies
25.9.2021
A U.S. senator has asked the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, to provide clear guidance on cryptocurrency regulation. The senator stated that in many enforcement actions, “the SEC did not identify the securities involved or the rationale for their...
US Lawmakers See China’s Authoritarian Crackdown on Crypto as Big Opportunity
25.9.2021
Several U.S. lawmakers see China’s authoritarian crackdown on cryptocurrency, including bitcoin, as “a perfect opportunity for American leadership on cryptocurrency.” One senator noted that it is “a reminder of our huge structural advantage over China.”...
Court Extends Detention of Finiko Pyramid Founder Doronin and His Right-Hand Man
25.9.2021
A court in Tatarstan has extended the detention of Kirill Doronin, founder of Russia’s largest Ponzi scheme in recent times, Finiko. Doronin will spend at least two more months in custody as authorities fear he could hide from law enforcement. Ilgiz Shakirov, vice-president of the crypto...
A Rocky Start for Bukele’s Bitcoin Law — El Salvador After Adoption
25.9.2021
The adoption of bitcoin as legal tender in El Salvador has been one of the biggest events in the cryptocurrency world this year. However, Nayib Bukele, president of the country, has taken a course of action many consider mistaken. In any case, the Bitcoin Law has put Bitcoin in the global spotlight...
Morgan Stanley’s Executive Likens Bitcoin’s Resilience to Kenny Who Dies in Every South Park Episode
25.9.2021
Morgan Stanley Investment Management’s Dennis Lynch, says that bitcoin’s resilience is like Kenny from the popular TV series South Park. In almost every episode, Kenny comically died but always came back, just like how bitcoin bounces back every time after a bear market. Bitcoin...
Small Business Owners Study Says Los Angeles Ranks the Most Crypto-Friendly City in the US
25.9.2021
A recent study conducted by the online invoicing company that works with small businesses Skynova explains that the city of Los Angeles (LA) is the “most crypto-friendly city in the United States.” Skynova surveyed close to 600 small business owners and top-level executives from...
Altcoin roundup: There’s more to DeFi than just providing liquidity
25.9.2021
Bitcoin price is down but crypto investors still have a plethora of yield opportunities thanks to DeFi
Kentucky Sends Cease and Desist Order to Crypto Lending Platform Celsius Over Interest-Bearing Accounts
24.9.2021
Six days ago, the securities regulators from New Jersey and Texas cracked down on the cryptocurrency lending platform Celsius. Additionally, the Alabama Securities Commission joined in and filed a cease and desist order against Celsius. Now the state of Kentucky is following suit and has filed...
Cross-chain bridge equipped altcoins rally higher despite China’s crypto ban
24.9.2021
REN, CELR and CVC ignore the market’s bearish reaction to China’s new crypto ban by posting double-digit gains
Diminishing returns: Is Bitcoin underperforming compared to altcoins?
24.9.2021
After several hesitant months, altcoins are now outpacing the flagship asset
10 Crypto Exchanges File for Registration With Korean Regulators Ahead of Deadline
24.9.2021
Cryptocurrency exchanges in South Korea have until midnight on Friday to register with financial authorities in order to continue operating legally. Only 10 digital asset trading platforms have already submitted their documents to the Korean anti-money laundering body. Compliance Deadline for...
Ukraine joins the comity of crypto-friendly nations with new regulation
24.9.2021
Unlike Russia, Ukraine has passed laws that will ease the adoption of cryptocurrencies within the country
Institutions Turning from Bitcoin to Ethereum Futures, JPMorgan Claims
24.9.2021
erest, as expectations for the number one cryptocurrency – BTC – have softened, Insider reported.As evi
Mobius Finance and Roseon Finance Announce Partnership
24.9.2021
Decentralized and blockchain-based finance platforms are considered to be the future of finance, trading, exchanges, currencies, and economics because these do not involve any middleman. Blockchains like Ethereum have enabled such platforms to create their own tokens within their ecosystem. This...
All That Glitters can Actually be Gold with New Hybrid Cryptocurrency
24.9.2021
All that glitters can be gold with a new hybrid cryptocurrency. The AABB Gold Token by Asia Broadband, Inc is backed by gold mines and $30 million in physical gold reserves. Cryptocurrency has proven itself to be a force to be reckoned with through the course of the Great Recession of 2020....
Chinese regulators unite forces to crack down on crypto
24.9.2021
The Chinese central bank sets up a “coordination mechanism” with state agencies to continue battling crypto