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HSBC Subsidiary to Acquire Silicon Valley Bank's U.K. Unit for 1 Pound
13.3.2023
The bank said the deal is a move to strengthen it's regional presence
Lawmakers Seek Answers from Fed, FDIC on Silicon Valley Bank Collapse
12.3.2023
Lawmakers in the US held a meeting with the Federal Reserve and Federal Deposit Insurance Corporation on Friday to discuss the swift and stunning collapse of Silicon Valley Bank (SVB).
Democratic US Representative Maxine Waters reportedly discussed with officials from the two federal bank...
Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation
12.3.2023
A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish those who organize illegal trading of cryptocurrencies with imprisonment and hefty fines. Forced...
Cryptocurrency Turnover Growing in Russia, Watchdog Reports to Putin
12.3.2023
Use of cryptocurrencies is increasing in Russia, the head of the country’s financial watchdog has informed President Putin. The agency, Rosfinmonitoring, is following thousands of participants in digital asset transactions with a new blockchain analytics system, the official revealed. Volume...
India Brings Crypto Transactions Under Prevention of Money Laundering Act
11.3.2023
India’s finance ministry has announced that crypto transactions will be covered under the Prevention of Money Laundering Act, 2002 (PMLA). Noting that the move “is a positive step in recognizing the sector,” a crypto insider explained that it will strengthen the industry’s...
CFTC Chair Insists Ether Is a Commodity, Not a Security as Claimed by SEC Chairman
11.3.2023
The chairman of the Commodity Futures Trading Commission (CFTC) has insisted that ether is a commodity, not a security as claimed by the chairman of the Securities and Exchange Commission (SEC). The CFTC chief stressed that the derivatives watchdog would not have allowed ether futures products...
Ether a Security? That Could Have Huge Ramifications for Crypto, Legal Expert Says
10.3.2023
Should ether be deemed a security at the state level, it may lead to federal laws ultimately being settled in, Pennsylvania State University Dickinson Law Professor Tonya Evans, says
Silicon Valley Bank shut down by California regulator
10.3.2023
The FDIC stated that as receiver, it had immediately transferred all insured deposits of Silicon Valley Bank to the newly created Deposit Insurance National Bank of Santa Clara (DINB)
How US Judges Might Save Crypto from the SEC
10.3.2023
Separation-of-powers offers hope to the crypto industry, which is under attack from unchecked executive power. Two separate courtrooms in which judges, guided by an impartial legal framework, eschewed that popularist mode of judgment and instead considered the SEC’s claims against the facts...
Today in Crypto: Tender.fi Hacker Returns Stolen Funds, Hedera Confirms Exploit and Turns Off Mainnet Proxies, Meta Mulling Decentralized Text-based App
10.3.2023
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: Tender.fi Hacker Returns Stolen Funds, Hedera Confirms Exploit and Turns Off Mainnet Proxies, Meta Mulling...
New York Attorney General Alleges Ethereum Tokens are Securities in Lawsuit Against KuCoin Crypto Exchange – Crypto Clampdown Incoming?
10.3.2023
New York Attorney General Letitia James referred to Ethereum’s native ETH token and other cryptocurrencies as “securities and commodities” in a statement issued in relation to her lawsuit against crypto exchange KuCoin.
In the statement, Attorney General James said KuCoin has facilitated trading...
Crypto Mining Firms Targeted: U.S. Treasury Proposes 30% Tax on Electricity Costs
10.3.2023
Crypto mining firms based in the United States could be subject to a 30% tax on electricity costs under a new budget proposal aimed at reducing mining activity.
According to a March 9 supplementary budget explainer paper by the Department of the Treasury, any firm using owned or rented mining rigs...
Founders of Multimillion-Dollar Global Crypto Ponzi Scheme ‘Airbit Club’ Plead Guilty
10.3.2023
The founders and promoters of multimillion-dollar cryptocurrency Ponzi scheme Airbit Club have pleaded guilty to various criminal charges. Airbit Club victims were promised “guaranteed daily returns on any membership purchased,” the U.S. Department of Justice (DOJ) detailed. Airbit...
Fed Chair Powell Provides Update on US Central Bank Digital Currency
10.3.2023
Federal Reserve Chairman Jerome Powell has provided an update on the Fed’s central bank digital currency (CBDC) work in a hearing before the House Financial Services Committee. While stating that the Fed is “making progress on technological issues,” Powell stressed that...
Investors might have avoided FTX if the SEC had addressed Bitcoin ETFs, says BitGo CEO
9.3.2023
According to Mike Belshe, the U.S. SEC’s reluctance to address a “basic” regulatory issue like the issuance of a BTC ETF could have paved the way for FTX's alleged illicit activities
House Republicans directly criticize Biden administration for digital asset policies
9.3.2023
"Because of actions taken by this Administration, the United States is at risk of pushing the digital asset ecosystem overseas,” said Republican Financial Services Committee members
4 Potential Winners of the Silvergate Unwind
9.3.2023
The collapse of crypto's most visible bank could be an opportunity for stablecoins and other financial services providers
US REPO task force names crypto as target in efforts involving $58B in sanctioned assets
9.3.2023
Members of the task force have worked to “counter Russian sanctions evasion”, which included illicit crypto transactions and money laundering schemes
CoinTracker integrates with H&R Block to offer crypto tax preparation
9.3.2023
The new integration allows crypto users to automatically fill out the crypto portion of Form 8949, which is used to report capital gains and losses from investments for tax filings
Russian Crypto Industry Group Calls for Putin Talks – This Is What It Wants to Discuss
9.3.2023
Leaders of Russia’s cryptoasset and blockchain industry say they want to meet President Vladimir Putin for face-to-face talks about crypto regulation.
The media outlet RBC reported that the request was made by the Russian Association of the Crypto Industry and Blockchain (RACIB) and a software...