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Elon Musk: Recent Fed Rate Hikes Might Go Down in History as Most Damaging Ever
24.12.2022
Tesla CEO and Twitter chief Elon Musk says the Federal Reserve’s recent rate hikes “might go down in history as most damaging ever.” The billionaire has urged the Fed to cut interest rates immediately, emphasizing that the U.S. central bank is “massively amplifying...
SEC Will Use All Available Tools to Crack Down on Crypto Firms That Aren’t in Compliance With Its Rules, Says Chair Gensler
24.12.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has revealed that the regulator will use all available tools to bring crypto platforms into compliance with its rules. In addition, the SEC chief said: “Proof of reserves is neither a full accounting of...
U.S. delays crypto tax reporting rules, as it still can’t define what a 'broker' is
23.12.2022
Congress passed a law in November 2021 that required the new crypto rules to be issued
Report: SEC Heightens Probe Into Auditors Servicing Crypto Exchanges
23.12.2022
According to the U.S. Securities and Exchange Commission’s Paul Munter, the agency’s acting chief accountant, the U.S. regulator is monitoring proof-of-reserves (POR) more closely. “We’re warning investors to be very wary of some of the claims that are being made by crypto companies,” Munter...
Bitcoin, Ethereum Technical Analysis: ETH Nears $1,230 Resistance, Following Strong US GDP Data
23.12.2022
Ethereum edged closer to a key resistance level of $1,230 on Dec. 23, as markets continued to react to better than expected U.S. GDP data. Gross domestic product in the United States was revised higher to 3.2%, better than the 2.9% expected. Bitcoin mostly consolidated in today’s session...
OpenSea blocks Cuban artists from the platform due to U.S sanctions
23.12.2022
OpenSea’s terms of service explicitly prohibit individuals and organizations from sanctioned regions from using its platform
First Mover Asia: Bitcoin, Ether Hold On as U.S. Stocks Fall
23.12.2022
Plus: Glenn Ardi of Coindesk Indonesia writes about Indonesia's vision of government permitting and controlling Web3 and DeFi by providing a government-sanctioned payment layer
US Senator Introduces Bill to Regulate Payment Stablecoins
23.12.2022
A U.S. senator has introduced a bill to “establish the first federal regulatory framework for payment stablecoins.” The lawmaker explained: “This bill will also ensure the Federal Reserve, which has displayed significant skepticism about stablecoins, won’t be in a position...
Free Talk Live Co-Host Ian Freeman Found Guilty in Federal Crypto Trial
23.12.2022
After close to two years, following the U.S. federal government accusing the Crypto Six of unlicensed money transmission, the case is seemingly coming to an end. According to multiple reports, Keene resident and libertarian activist, Ian Freeman, the last member of the Crypto Six case to be tried...
SEC Charges Against FTX, Alameda Execs Wang and Ellison Reveal Key Findings, US Regulator Says FTT Is a Security
22.12.2022
On Dec. 21, 2022, members of U.S. law enforcement detailed that FTX co-founder Gary Wang and ex-Alameda Research CEO have pleaded guilty to financial fraud charges. The recent charges against Wang and Ellison highlight some key findings and according to the U.S. Securities and Exchange Commission...
3 FTX Execs Have Snitched on SBF, Now Scrutiny Is Aimed at Nishad Singh and Ramnik Arora
22.12.2022
On Dec. 21, U.S. law enforcement officials from the Southern District of New York (SDNY), the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) revealed they imposed fraud charges against FTX co-founder Gary Wang and ex-Alameda Research CEO Caroline...
First Mover Americas: FTT Token at Center of New U.S. Charges in FTX Case
22.12.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 22, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
US senator Toomey introduces stablecoin bill as congressional session wraps up
22.12.2022
The soon-to-retire senator introduced the new stablecoin bill only a few weeks before the end of the 117th US congressional session
US Lawmaker: Crypto Self-Custody Is Antidote to FTX Fraud — ‘Keep Your Coins Act’ Will Protect Self-Hosted Wallets
22.12.2022
U.S. Congressman Warren Davidson has touted the self-custody of cryptocurrencies as the antidote to crypto exchange FTX’s fraud. He is pushing for his bill called “Keep Your Coins Act,” which aims to “protect self-custody from misguided attempts to restrict it.” U.S....
FTX’s Gary Wang and Alameda’s Caroline Ellison Plead Guilty to Fraud, Duo Is ‘Cooperating’ With Feds
22.12.2022
On Dec. 21, 2022, U.S. attorney Damian Williams announced that the Southern District of New York (SDNY) Department of Justice (DOJ) filed charges against Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang. Williams declared that both Ellison and Wang have been cooperating with...
2022’s Market Review: Crypto Economy Loses $1.4T, Top 10 Token Knockouts, Terra’s Collapse
21.12.2022
2022 is coming to an end and during the last 12 months, the crypto economy has lost roughly $1.486 trillion in value against the U.S. dollar. On Dec. 20, 2021, bitcoin was trading for $46,406 and it has lost more than 63% in value year-to-date, while the second leading crypto asset ethereum shed...
Biggest Movers: ETC Moves Away From Multi-Month Lows, as XMR Extends Recent Gains
21.12.2022
Ethereum classic rallied for a second straight session on Wednesday, following better-than-expected U.S. consumer confidence data. The figures showed that confidence among American consumers rose to the highest level in eight months, with a reading of 108.3. Monero was also higher on the news,...
Binance Joins Executive Committee of U.S. Blockchain Industry Lobby Group - Here’s Why it Matters
21.12.2022
Binance, the world’s largest crypto exchange by trading volume, has joined the Chamber of Digital Commerce in a move that is expected to boost its lobbying power over new crypto regulations.
Per a blog post published by Binance on Tuesday, the move to join the Chamber is part of an effort to “move...
Bitcoin, Ethereum Technical Analysis: BTC Briefly Above $17,000 Ahead of US Consumer Confidence Report
21.12.2022
Bitcoin was briefly trading above $17,000 on Wednesday, as markets prepared for the release of the upcoming U.S. consumer confidence report. Today’s figure is expected to come in at a reading of 101.00 for December, which is higher than last month’s number of 100.2. Ethereum was also...
BTC-e’s Alexander Vinnik Applies for Release on Bail Citing Trial Delay
21.12.2022
The alleged operator of crypto exchange BTC-e, Alexander Vinnik, has asked to be released on bail due to the delay in court proceedings. In early August, the Russian IT specialist was extradited to the United States to face charges of money laundering through the now-defunct coin trading platform....