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Binance looks to the UK for regulation amid US crypto crackdown
11.5.2023
Binance seeks regulation in the U.K. amid a U.S. crackdown on cryptocurrencies as its chief strategy officer acknowledges the challenging business environment in the U.S
3 takeaways from the European Union's MiCA regulations
11.5.2023
The European Union’s Markets in Crypto-Assets regulation could stifle innovation and increase compliance costs for the crypto industry
US House Lawmakers on Both Sides Seemingly Agree on Need for Crypto Legislation
10.5.2023
Lawmakers on both sides of the aisle seem to be reaching some sort of agreement on the need for legislation to regulate cryptocurrency.
Rep. French Hill, R-Ark., said his Democratic colleagues have told him they have supported “commonsense legislation for months.”...
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US lawmakers hold EU and UK as examples of crypto regulation in joint hearing
10.5.2023
With the European Union coming closer to passing the Markets in Crypto Assets framework and Kraken in the process of investing in the United Kingdom, lawmakers are taking notice
US Chamber of Commerce Backs Coinbase in Fight for Regulatory Clarity
10.5.2023
The US Chamber of Commerce backed Coinbase’s request for the US Securities and Exchange Commission to write rules for cryptocurrency in a recent court filing.
The Chamber, which is the world’s largest business organization, said no one knows for certain which digital assets are securities under...
Crypto Self-Regulatory Organization Plan Floated in US House Hearing
10.5.2023
US lawmakers drifted the idea of regulating cryptocurrency through a self-regulatory organization putting both the Securities and Exchange Commission and the Commodity Futures Trading Commission in charge.
Rep. Stephen Lynch, D-Mass., asked former CFTC Chair Timothy Massad what measures would...
Today in Crypto: Twitter Hacker Extradited to US, Coinbase Employee Sentenced to Two Years in Prison, Binance Launches VIP Capital Connect Service
10.5.2023
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: Twitter Hacker Extradited to US, Coinbase Employee Sentenced to Two Years in Prison, Binance Launches...
Top Market Makers Jane Street and Jump Crypto Pare Down US Crypto Operations Amid Regulatory Pressure
10.5.2023
Two prominent market-making firms Jane Street Group and Jump Crypto are cutting back their digital asset trading activities in the US due to heightened regulatory pressure.
Jane Street is also scaling back its global crypto ambitions due to regulatory uncertainty, which makes it difficult for...
Philippines Law Enforcement Busts Crypto Scam Center, Over 1,000 Human Trafficking Victims Rescued
10.5.2023
Over 1,000 human trafficking victims were recently rescued from a “fraud factory” in Mabalacat, a town located nearly 90 kilometers northwest of Manila, Philippines law enforcement has said. Michelle Sabino from the Philippine National Police Anti-Cybercrime Group said trafficking...
Ireland's Central Bank Governor Labels Unbacked Cryptos as Ponzi Schemes
10.5.2023
Unbacked cryptocurrencies are more like a "Ponzi scheme" than an investment, argued Central Bank of Ireland Governor Gabriel Makhlouf - but adding that "crypto is not going away very soon."
In a Friday blog post, Makhlouf stated that Ireland's Central Bank differentiates between 'backed'...
Hong Kong to Have Tight Crypto Regulations, Head of Monetary Authority Says
10.5.2023
Companies attracted by the plan to turn Hong Kong into a hub for digital assets should expect strict regulations, the region has indicated. Authorities are preparing new licensing rules for service providers working with cryptocurrencies and guidelines for banks interacting with crypto firms....
Previewing Congress's Joint Crypto Regulation Hearing
10.5.2023
Over the past several weeks, Congress – particularly the House Financial Services Committee – has held a number of hearings on crypto and its role in the world. Even a hearing supposedly focused on overseeing the U.S. Securities and Exchange Commission instead mostly saw questions on crypto...
Third Time the Charm for a Spot Bitcoin ETF? Cboe Tries Again To Find Out
9.5.2023
Cboe Global Markets filed a proposal to list and trade shares of a spot bitcoin exchange-traded fund, marking the third time the firm has tried to get US regulatory approval.
Cboe BZX Exchange, operated by Cboe, officially filed with the Securities and Exchange Commission on Tuesday to list...
Kraken Chief Legal Officer and Former CFTC Chair To Testify at Joint House Congressional Hearing
9.5.2023
Top legal officers and a former regulator are slated to testify in front of US congressional committees on Wednesday to unpack digital asset regulation following ongoing tension between the industry and federal agencies.
The House Financial Services Subcommittee on Digital Assets, Financial...
Shaquille O'Neal claims process servers 'tossed' FTX legal papers at his moving car
9.5.2023
The NBA star appeared in a June 2022 commercial saying he was “all in” on FTX, one of many endorsements that led to a class-action lawsuit following the exchange's collapse
Former Coinbase Manager Sentenced to Two Years in Insider Trading Case
9.5.2023
A former Coinbase product manager was sentenced to two years in prison in a one-of-a-kind insider trading case.
Ishan Wahi, 32, of Seattle, Washington, was sentenced by U.S. District Judge Loretta A. Preska on Tuesday for providing Coinbase’s confidential information about upcoming crypto...
Former Coinbase product manager behind insider trading case sentenced to 24 months in prison
9.5.2023
Ishan Wahi must surrender by June 21 to serve his sentence at the Fort Dix Federal Correctional Institution in New Jersey
Coinbase Chief Legal Officer Pushes Back Against US SEC Crypto Custody Rule Proposal
9.5.2023
Coinbase’s chief legal officer called a newly proposed US rule tightening cryptocurrency custody requirements “misguided” and said some parts need to be changed.
The Securities and Exchange Commission rule was proposed in February and would require registered investment advisers to keep crypto...
Wall Street Journal: U.S. Crypto Exchanges Have Listed Multiple SEC-Deemed Illegal Tokens
9.5.2023
Crypto exchanges based in the US may have listed multiple tokens deemed by the Securities and Exchange Commission (SEC) to be unregistered securities, according to a Wall Street Journal report.
The so-called unregistered securities are in reality digital tokens that the SEC does not consider to...
Liechtenstein Prime Minister Says Government to Accept Bitcoin Payments, Open to Investing Reserves in BTC
9.5.2023
Liechtenstein’s prime minister has reportedly revealed that bitcoin payments will be accepted for some government services. “A payment option with bitcoin is coming,” he said, adding that he is open to investing state reserves in the cryptocurrency. Bitcoin Adoption...