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Are stablecoins securities? Well, its not so simple, say lawyers
13.2.2023
One lawyer said that while stablecoins are meant to be stable, buyers may possibly profit from a range of arbitrage, hedging, and staking opportunities
Ethereum Network’s Rising Gas Fees in 2023: A Balancing Act of Growth and Cost
3.2.2023
Ethereum gas fees have increased 13.71% in the last two weeks, with the average fee rising from $4.52 per transaction to $5.14 per transfer on Feb. 3, 2023. Despite ethereum’s price seeing significant growth this year, its network’s gas fees have also seen a similar increase. As...
US securities regulator probes Wall Street over crypto custody: Report
27.1.2023
The regulator has been probing registered investment advisors over how they've been offering crypto custody to their clients, according to sources
Sweeping Crypto Regulation? First Update the Bank Secrecy Act
25.1.2023
South African Dispute Resolution Office Says It Now Considers Crypto-Related Complaints
24.1.2023
According to South Africa’s Office of the FAIS Ombud, an independent dispute resolution office, individuals with crypto-related grievances that occurred after Oct. 19, 2022, can now formally submit such complaints on the agency’s website. However, the Office of the FAIS Ombud insisted...
Nexo agrees to $45M settlement with SEC and NASAA over earn product
19.1.2023
The crypto lender didn't categorically admit or deny the findings from the SEC's investigation despite agreeing to the settlement
Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin
16.1.2023
A professor from Cornell University has warned about the potential effects a collapse of a major stablecoin could have on the U.S. bond market. Eswar Prasad said that if large stablecoins face a collapse, the number of Treasury bonds they would need to sell could disrupt the U.S. Treasuries market...
Report: Nigeria Debt Management Office’s $48.8 Billion Debt Contravenes the Law Says Expert
15.1.2023
The Nigerian Debt Management Office (DMO) contravened the law when its borrowings exceeded the set limit which is equivalent to $2.2 billion, Adetilewa Adebajo, an international financial markets expert has reportedly said. Adebajo also suggested that the Central Bank of Nigeria governor Godwin...
Biden Vows to Veto House Republicans’ ‘Fair Tax Act’ Proposing Elimination of IRS
13.1.2023
Several U.S. House of Representatives Republicans have proposed legislation that would significantly decrease funding for the Internal Revenue Service (IRS). The move comes after the newly elected Speaker, Kevin McCarthy, stated that he would challenge the funding granted to the U.S. tax agency...
Trump’s NFT Prize Collection Surfaces on Secondary Markets, Generates $53K in 24-Hour Sales
12.1.2023
Following the launch of Donald Trump’s non-fungible token (NFT) card collection, winners of the Trump-themed prizes are selling prize NFTs on secondary NFT marketplaces such as Opensea. The Polygon-minted NFTs act as passes for a one-on-one Zoom meeting with the 45th president of the United...
Customizing HTML Form Validation
9.1.2023
Form validation has always been my least favorite part of web development. You need to duplicate validation on both client and server sides, handle loads of events, and worry about form element styling. To aid form validation, the HTML spec added some new form attributes like required and pattern...
Report: Confirmation of Silvergate’s $8 Billion Deposit Plunge Sees Stock Price Drop by More Than 40%
6.1.2023
The price of the crypto-focused bank Silvergate Capital’s shares fell by over 40% after it reported a more than $8 billion drop in customer deposits. The share price plunge came just days after U.S. prosecutors reportedly seized collapsed crypto exchange FTX’s accounts held at the bank....
Indicted FTX Co-Founder Sam Bankman-Fried Discussed ‘Pandemic Prevention’ With Biden Administration Officials
4.1.2023
According to public filings, former crypto billionaire and FTX co-founder Sam Bankman-Fried met with senior Biden administration officials before he was indicted for financial fraud. When asked about the visits, White House press secretary Karine Jean-Pierre told the press the meetings involved...
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...
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....
Report: Nigerian Lawmakers Set to Pass Law That Diminishes Central Bank Influence on Crypto
20.12.2022
Nigeria is expected to designate cryptocurrency as capital for investment if the country’s House of Representatives votes to approve a bill that seeks to amend the Investments and Securities Act of 2007, a report has said. A Nigerian lawmaker, Babangida Ibrahim, suggested that the Central...
Coinbase CEO: Regulate centralized actors but leave DeFi alone
20.12.2022
Armstrong said that because centralized exchanges and custodians have the most risk of causing consumer harm, regulators must focus there first and foremost
US Senators Unveil New Crypto Bill — Experts Call It the ‘Most Direct Attack’ on Personal Freedom and Privacy of Crypto Users
16.12.2022
Two U.S. senators, including Elizabeth Warren, have introduced a bipartisan bill for the regulation of cryptocurrency. The bill, titled “Digital Asset Anti-Money Laundering Act,” is “the most direct attack on the personal freedom and privacy of cryptocurrency users and developers...
Rep. Tom Emmer mulls bringing back bill aimed at reducing crypto red tape
15.12.2022
Tom Emmer is considering reintroducing a bill that removes the requirement for entities to be registered as money transmitters if they don’t handle customer assets