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Turkish Court Sentences Founder of Defunct Crypto Exchange Thodex to More Than 7 Months in Prison
20.7.2023
A Turkish court has sentenced Faruk Fatih Özer, the founder of the collapsed cryptocurrency exchange Thodex, to an effective seven months and 15 days in prison. During the trial, Özer denied being an executive of the crypto exchange when the platform allegedly failed to furnish the Tax Inspection...
US Presidential Candidate Robert Kennedy Jr Unveils Plan to Back US Dollar With Bitcoin
20.7.2023
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has unveiled two new reforms for bitcoin if he is elected president. He plans to back the U.S. dollar with the cryptocurrency and eliminate capital gains taxes on the conversion of bitcoin to USD. RFK Jr. stressed that...
No impact from Ripple ruling? SEC chair cites risks from crypto in budget request
19.7.2023
Gary Gensler cited the “Wild West of the crypto markets” that was “rife with noncompliance” in requesting more than $2.4 billion for the commission's 2024 fiscal budget
Multiple spot crypto ETF applications go to Federal Register in step toward SEC approval
19.7.2023
Publishing the ETF applications in the official journal of the U.S. government gives the SEC up to 240 days for final approval or denial — until March 2024
US lawmakers propose SEC chair consider legislation, not enforcement approach to crypto
19.7.2023
Representatives French Hill and Dusty Johnson suggested the SEC may have undertaken certain actions on crypto “seemingly timed to coincide with related Congressional activity"
Today in Crypto: Ankr and Matter Labs Launch zkSync Era Nodes & Hyperchain on Microsoft Azure Marketplace, Societe Generale-FORGE Gets First French Crypto Licence, Bitdeer Sits in 2nd-Highest Place in VanEck Crypto & Blockchain ETF
19.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Ankr and Matter Labs Launch zkSync Era Nodes & Hyperchain on Microsoft Azure Marketplace, Societe...
New U.S. Senate Bill Wants to Regulate DeFi-Like Banks
19.7.2023
A new bill from Sen. Jack Reed would impose strict requirements on DeFi protocols under the guise of national security
SEC Urged to Abandon Crypto 'Crusade' by Congressman Torres After Ripple Legal Battle
19.7.2023
Congressman Ritchie Torres has asked the US Securities and Exchange Commission to provide clear rules for crypto instead of “indiscriminately” treating the majority of crypto assets as securities under its purview.
On Tuesday, Torres penned an open letter to SEC Chairman Gary Gensler, expressing...
Nasdaq Halts Plan for Crypto Custody Service Due to U.S. Regulatory Conditions
19.7.2023
The stock market operator had said in March, that it was putting together infrastructure and regulatory approval for the custodian service
Celsius could repay all USD claims if Bitcoin, Ether prices rose by 2X: Simon Dixon
19.7.2023
Dixon called for creditors to fight to get out of the bankruptcy proceedings before BTC and ETH prices hit the estimated number to avoid another rug pull by the crypto lender
Australia's financial regulator cancels license for FTX's local entity
19.7.2023
ASIC had previously suspended FTX's license to operate in Australia, now the securities regulator has canceled it entirely
US Lawmakers Call on SEC to Stop Regulatory Assault on Crypto Following XRP Ruling
19.7.2023
U.S. lawmakers have called on the U.S. Securities and Exchange Commission (SEC) to drop its regulatory assault on the crypto industry following the landmark ruling on the SEC v. Ripple case regarding XRP. “The SEC has chosen to communicate and regulate not by clear rule or guidance but...
SEC Chair Advocates Increased AI Use for Market Surveillance and Enforcement
19.7.2023
U.S. Securities and Exchange Commission Chairman Gary Gensler says the SEC could benefit from making greater use of artificial intelligence (AI) in several areas, including enforcement and market surveillance. However, he also raised a number of concerns associated with AI, emphasizing that...
Nevada court approves regulator’s petition to place Prime Trust into receivership, pending hearing
18.7.2023
Prime Trust will have the opportunity to show why a petition from the Nevada Financial Institutions Division should not be permanently granted in an Aug. 22 hearing
Prime Trust Put Into Receivership Amid Shortfall in Funds, Charges It Misused Customer Money
18.7.2023
Crypto custodian Prime Trust has been ordered by the Eighth Judicial District Court of Nevada, where the company has its headquarters, to be put into receivership after the state ordered the custodian to cease all activities amid a shortfall of customer funds
US lawmaker calls on SEC chair to reassess stance on crypto following Ripple ruling
18.7.2023
Rep. Ritchie Torres shares a surname with Judge Analisa Torres in the SEC v. Ripple case and referred to the XRP court ruling as the “Torres Doctrine."
Bitcoin rally will lead to "speculative blow-off top" in 2024, Mark Yusko predicts.
18.7.2023
BlackRock's application for a spot Bitcoin ETF have kicked off the next Bitcoin bull run which will culminate in 2024 with a speculative parabolic run, according to Morgan Creek Capital CIO, Mark Yusko
Coinbase CEO will meet with US lawmakers to discuss crypto legislation: Report
18.7.2023
The crypto exchange is currently involved in a legal battle with the U.S. Securities and Exchange Commission over allegedly offering unregistered securities
Republicans and Democrats Collaborate on Stablecoin Legislation in the House
18.7.2023
Republicans and Democrats are likely to come to an agreement on the proposed bill to regulate stablecoins in the United States.
Two senior members of the Financial Services Committee in the U.S. House of Representatives, who drafted the bill to regulate stablecoins, said that Republicans...
Coinbase CEO Brian Armstrong Set to Meet House Democrats for Discussion on Crypto Legislation
18.7.2023
Coinbase CEO Brian Armstrong is set to have a closed-door meeting with House Democrats to discuss crypto regulations.
The meeting, organized by the New Democrat Coalition, will focus on discussions surrounding crypto legislation, including topics like taxes, national security, privacy,...