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US lawmaker asks Congress to treat Binance exec in Nigeria as a ‘hostage’
11.7.2024
Rep. Rich McCormick called on the US government to formally declare Tigran Gambaryan as a hostage if his criminal case in Nigeria was not resolved by mid-July
CFTC Chair Pushes for Federal Legislation to Regulate Bitcoin and Ether as Commodities
11.7.2024
During his Senate testimony, the chairman of the Commodity Futures Trading Commission (CFTC) emphasized the necessity of federal legislation to regulate digital commodities such as bitcoin and ether. Citing market volatility and fraud, the chairman advocated for expanded regulatory powers...
Malaysia Loses Over $700 Million Worth of Electricity to Illegal Crypto Miners, Says Minister
11.7.2024
According to a government minister, Malaysia lost $727 million worth of electricity stolen by illegal crypto miners between 2018 and 2023. The minister also warned that power companies have methods to detect unauthorized mining activity. Illegal Crypto Mining Detrimental To Malaysians Says Minister...
Worldcoin Launches World Chain Developer Preview, Targets Increased Scalability
11.7.2024
Worldcoin, the biometric ID and UBI project, has announced the launch of the developer preview of World Chain, a new blockchain that will allow it to scale beyond the numbers currently achieved. This developer preview will serve as a platform for developers to reach 10 million users across...
OKX Picks Malta Over France as Europe Hub to Comply With EU's MiCA Crypto Rules: Sources
11.7.2024
BitcoinBlack deal brings crypto payments to telehealth, prescription drugs
11.7.2024
Cardholders will be able to order and pay for prescriptions using crypto, the company says
Crypto Bulls Frustrated as Bitcoin and Stocks Recouple – to the Downside
11.7.2024
A continuing series of record highs for the S&P 500 and Nasdaq over the past weeks has done nothing to prop up sliding crypto prices, but Thursday saw both asset classes tumbling together
Coinbase Launches New Wallet Web App to Streamline Onchain Activity
11.7.2024
San Francisco crypto firm Coinbase has introduced a new web application for its wallet, designed to provide users with a unified platform for managing onchain assets. The application aims to simplify the experience for users by offering a comprehensive view of their crypto holdings across various...
Coinbase launches unified onchain monitoring through new wallet app
11.7.2024
Coinbase’s new wallet app will allow users to connect any self-custodial wallet for an aggregated view of assets
House fails to override Biden’s veto on nullifying SEC crypto rule
11.7.2024
Though the resolution overturning an SEC rule on banks handling crypto passed in the House in May, the legislation required at least 288 members to override President Biden’s veto
Binance to Slash Gopax Stake Amid Crypto Regulation Pressure
11.7.2024
Binance is reportedly in the final stages of negotiations to reduce its stake in Gopax, a leading South Korean crypto exchange. This move comes as Binance seeks to address regulatory concerns and maintain Gopax’s status as a won-based exchange in South Korea. Navigating Turbulent Crypto...
Crypto for Advisors: Crypto and Compliance
11.7.2024
The coming years are crucial for compliance and risk in crypto. Beth Haddock discusses strategies advisors can take to protect their brand while serving clients as fiduciaries
SEC Withdraws Enforcement Action Against Paxos’ BUSD Stablecoin
11.7.2024
The Securities and Exchange Commission (SEC) has decided to end its investigation into Paxos, a New York-based issuer of stablecoins, suggesting that stablecoins may not be treated as securities in most cases. This decision comes more than a year after the SEC sent Paxos a Wells Notice concerning...
How law enforcement struggles with sophisticated crypto laundering
11.7.2024
Advanced crypto laundering techniques continue to challenge law enforcement and crypto-related services as highlighted in a new Chainalysis money laundering report
Supreme Court ruling ‘changes the game’ for US crypto firms
11.7.2024
The high court’s decision further bolsters the argument “that Congress, not an agency, should decide if — and how — to regulate Web3.”
Animoca Brands Integrates Transak for Simplified TOWER Ecosystem Onboarding
11.7.2024
Animoca Brands’ TOWER Ecosystem has announced the integration of Transak, a leading fiat-to-crypto payment gateway. This partnership aims to simplify the process of acquiring TOWER tokens (TOWER) by allowing users to purchase them directly with fiat currency. TOWER Ecosystem Simplifies Token...
Fireblocks Adds First Clutch of Crypto Safekeeping Firms to Its Global Custodian Program
11.7.2024
DAO-Specific Legislation Isn't Needed Yet, English Legal Body Says
11.7.2024
The Law Commission said decentralized autonomous organizations appear to fall under existing laws for the time being
Microstrategy Announces 10-for-1 Stock Split to Make MSTR More Accessible to Investors
11.7.2024
Microstrategy Inc. (Nasdaq: MSTR) announced a 10-for-1 stock split of its Class A and Class B common stock on Thursday, aiming to make its stock more accessible to investors and employees. This stock split will be executed via a stock dividend for shareholders of record as of Aug. 1. Each holder...
Crypto Market Rebound Expected in August, Liquidations to Finish By July-End: JPMorgan
11.7.2024
The bank reduced its year-to-date crypto market net flow estimate to $8 billion due to a decline in bitcoin reserves across exchanges in the past month