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Regional CCP Chief Arrested Over Crypto Links as China Hunts Crypto Users
8.12.2021
A high-flying regional Communist Party official who was expelled from the party last month for allegedly supporting crypto miners has been arrested. Meanwhile, individuals are being caught sending money abroad using crypto.
Per the Epoch Times and the Xinhua news agency, Xiao Yi, the former...
Australia to Regulate Crypto Sector as Part of Payments Reform
8.12.2021
The government of Australia is preparing to comprehensively regulate the activities of cryptocurrency exchanges and custodians. The push is part of a major overhaul, aimed at preserving the country’s sovereignty over its payments system, which will also affect providers like Apple...
US is 'unquestionably' behind the curve on crypto ETFs, says Brian Brooks
8.12.2021
Brian Brooks proposed regulators treat crypto in much the same way as traditional financial institutions rather than creating an entirely new body to create a single framework for digital assets
Discussion on crypto and major tech firms combine in hearing over decentralization of digital ecosystem
8.12.2021
“The point of crypto is to have true decentralization — the projects that succeed will be the projects that achieve that," said Brian Brooks
'Nation should not compensate investors for crypto losses' says UK's Financial Conduct Authority CEO
8.12.2021
UK's top financial watchdog wants to bar investors from accessing government compensation in the event of crypto scams or not-at-fault financial loss
Russian Senate, Gov’t Ministries & Central Bank to Create Crypto ‘Working Group’
8.12.2021
The Russian parliament’s upper house, the Federation Council (the equivalent to the American Senate), is stepping up its crypto regulatory efforts – and wants to get involved in the creation of new laws pertaining to the sector....
Read More: Russian Senate, Gov’t Ministries & Central Bank...
Biden Administration Unveils Plan to Focus on ‘Prosecutions of Criminal Misuses of Cryptocurrency’
8.12.2021
The Biden-Harris administration has unveiled its strategy on “countering corruption.” It includes utilizing the government’s newly established task force, the National Cryptocurrency Enforcement Team, to focus on “complex investigations and prosecutions of criminal...
Crypto CEOs request Congress provide regulatory clarity at hearing on digital assets
8.12.2021
"We don’t need knee-jerk reactions by lawmakers to regulate out of fear of the unknown rather than seeking to understand," said Representative Patrick McHenry
India to Impose Ban on Crypto Payments, Deadline for Declaring Crypto Assets, KYC Rules: Report
8.12.2021
The Indian government has reportedly proposed banning the use of cryptocurrency for payments and setting a deadline for investors to declare their crypto holdings. Violators may be arrested without a warrant and held without bail. In addition, the crypto bill may call for a uniform...
USD 3B Crypto Trading Floor, Bitmart Resumes Ethereum Withdrawals + More News
8.12.2021
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: USD 3B Crypto Trading Floor, Bitmart Resumes Ethereum Withdrawals + More News
Watch: 6 Crypto CEOs Testify About Threshold Issues, Bitcoin Mining, and More
8.12.2021
US lawmakers should take steps to bring crypto-related activities into the regulated financial system, while also developing a “national policy for a decentralized Web 3” as they did for Web 1 in the 1990s, Brian Brooks, CEO of Bitcoin (BTC) mining firm Bitfury, wrote in a testimony ahead of...
Another Unnamed Investor Offers to Bail Out Collapsed South Africa Crypto Firm
8.12.2021
A new unnamed investor has offered to bail out Africrypt, the collapsed South Africa-based crypto investment company, with $5 million. The offer, which does not require criminal charges against Africrypt directors to be dropped, must be accepted within seven days. A Better Offer A new mystery...
More Aussie Crypto Traders Profiting, Country Moving to Largest Reform of Payments Systems
8.12.2021
Nearly 90% of crypto owners in Australia have either profited from trading in 2021, or broke even, with the number of women in the crypto-owning group doubling compared to 2020, according to a recent survey released by Aussie crypto exchange Independent Reserve.
To be more specific, a robust...
Cryptocurrency Exchange Huobi Global to Leave China This Month
8.12.2021
Digital asset exchange Huobi Global has revealed its intention to exit the Chinese Market. The crypto trading platform with Chinese roots said it will stop processing transactions for existing users on the mainland by the end of the year. Huobi Global Halts Services in the People’s Republic...
Coinbase To Compress Trading Fees Amid Rising Competition
8.12.2021
US crypto exchange Coinbase is gearing towards a trading fees compression as part of the company’s drive towards diversifying from trading fees and towards increasingly relying on revenue from subscription services.
Trading fee compression will come down “at some point,” Emilie Choi, President...
SBI announces crypto joint venture with Swiss digital exchange SIX
8.12.2021
The crypto venture is expected to formalize its operation by the end of 2021 and start offering its services by early 2022
Crypto is a ‘Fantastic Hedge’ Against Bubble in Bonds - Pantera’s CEO
8.12.2021
Investing in crypto is a “fantastic hedge” against a bond market that will get destroyed once the US Federal Reserve stops its asset purchases, Dan Morehead, CEO of the crypto investment firm Pantera Capital, wrote in a recently published note.
According to Morehead, the Fed’s actions since...
House memo details Congress' priorities ahead of crypto CEO hearing
8.12.2021
The hearing on digital assets will involve discussions around four key aspects: crypto exchanges, stablecoin offerings, regulatory concerns in digital assets and federal regulatory responses
Visa announces new crypto consulting service for merchants and banks
8.12.2021
Visa's new crypto consulting services to push for mainstream adoption of cryptocurrencies
CIA Running a ‘Number of’ Active Crypto Projects, Director Claims
8.12.2021
The Central Intelligence Agency (CIA) Director William Burns has admitted that his agency has “a number of different projects focused on cryptocurrency” in progress – and claimed that his predecessor Gina Haspel had “started” the CIA ball rolling in the crypto sphere. What is more, the agency...