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Coinbase Boss Says Transaction Fee-based Revenue Model Won’t Work Long-term
24.8.2022
The crypto exchange giant Coinbase wants to ditch its reliance on transaction fees as its main source of income – and is concerned that the fees that traders pay when they exchange tokens cannot provide a sustainable form of income.
Speaking in an interview with CNBC, the firm’s CEO Brian...
Australia’s Northern Territory mulls landmark crypto gambling regulation
24.8.2022
“It's clear from the draft framework that what they're looking at is wagering using cryptocurrency,” said Julian Hoskins, the principle of gambling law and regulatory advisory firm Senet
Bitstamp Sees ‘Massive Crypto Interest’ From Institutional Clients
24.8.2022
The CEO of a major cryptocurrency exchange, Bitstamp, says that his trading platform is seeing “massive crypto interest” from institutional clients. “Many institutional companies are looking to make their first move into crypto,” he explained. Bitstamp’s CEO...
SEC Chairman Says Crypto Should Be Treated Same as Other Capital Markets
24.8.2022
SEC Chairman Gary Gensler says that there is no need to treat the crypto market differently from other capital markets. Noting that “the SEC will serve as the cop on the beat,” Gensler encouraged crypto trading and lending platforms “to come in and talk to SEC staff.”...
54% of Indian Crypto Investors Surveyed in Q2 Aimed to Invest More in 6 Months - KuCoin
23.8.2022
Despite the latest market downturn, more than 50% of India’s survey respondents intend to expand their investments in crypto in the coming six months – indicating an optimistic approach to the market, according to a report by crypto exchange KuCoin....
Read More: 54% of Indian Crypto Investors...
Celsius calls out Prime Trust in court, alleging firm didn't turn over $17M in crypto
23.8.2022
"Prime Trust was obligated under the Bankruptcy Code to deliver all property belonging to Celsius [...] including these remaining crypto assets," said Celsius' legal team
MEW Launches NFT Manager, Hodlnaut Denies Police Investigation, Influencer Hodlonaut Receives BTC 52 in Donations Ahead of 'Faketoshi' Battle + More News
23.8.2022
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: MEW Launches NFT Manager, Hodlnaut Denies Police Investigation, Influencer Hodlonaut Receives BTC 52 in Donations Ahead...
Plaintiff in Coinbase lawsuit raises issues of account lockouts, crypto as a security
23.8.2022
A Coinbase user claimed the crypto exchange "boldly flouts federal and state laws" by not completing the proper registration as a securities exchange in the United States
Certain regulatory clarity could be 'hugely detrimental' for crypto, says former CFPB director
23.8.2022
Some players in the industry could find U.S. regulators making a "big overreach" if agencies like the SEC listed specific criteria for cryptocurrencies as securities
Australia to Stocktake Crypto Holdings Ahead of Regulation
23.8.2022
Australia intends to do a virtual stocktake of cryptocurrency assets held by its citizens, the new executive power in Canberra announced this week. The move is viewed as an indication that the center-left government plans to regulate the country’s crypto space. Treasury Embarks...
Mayor of Japan’s Fukuoka Visits Ripple HQ to Talk Web3
23.8.2022
The Mayor of one of Japan’s biggest cities has paid a visit to the San Francisco headquarters of Ripple – further strengthening the ties between Japan and the American crypto firm.
In a Twitter post last week, Emi Yoshikawa, the Ripple Vice President of Strategy and Operations posted a photo...
Iranian Association Calls for Stable Crypto Regulation as Government Plans Widespread Use of Crypto in Foreign Trade
23.8.2022
Iran’s association of importers has stressed the need for a stable regulatory framework for cryptocurrencies now that the Iranian government is officially using crypto to pay for imports. “By the end of September, the use of cryptocurrencies and smart contracts will be widespread...
IMF Sees Significant Increase in Correlations Between Bitcoin and Asian Equity Markets
23.8.2022
Officials at the International Monetary Fund (IMF) say that the correlation between the performance of the Asian equity markets and crypto assets such as bitcoin and ethereum has increased significantly. IMF Staff on Crypto and Correlation to Asian Equities The International Monetary Fund (IMF)...
LATAM’s New Crypto Mining ‘Promised Land’: Pluses & Minuses for Paraguay
23.8.2022
Paraguay has become a “new Latin American Mecca for cryptocurrency mining,” a new report has claimed – but not everyone seems to be happy about the fact that more miners than ever are choosing to set up shop in the nation....
Read More: LATAM’s New Crypto Mining ‘Promised Land’: Pluses & Minuses...
Two-thirds of Surveyed South Koreans Say Cryptoassets Aren’t Securities
22.8.2022
Over six in 10 South Koreans do not think cryptoassets are securities, a new opinion poll has found – although lawmakers may instead prefer to follow Washington’s lead in determining which coins to class as securities.
The survey was conducted by Cratos, the operator of a blockchain...
Canaan exec says opportunity outweighs crisis as Bitcoin miners struggle with shrinking profits
22.8.2022
This bear market is proving to be especially tough for Bitcoin miners, but Canaan senior vice president Edward Lu says the industry is “evolving toward a positive long term.”
Prosecutors want to claim NFTs as securities, alleges legal team of former OpenSea employee
22.8.2022
“The government has brought the instant prosecution using ill-founded applications of criminal law to set precedent in the digital asset space,” said Nathaniel Chastain’s lawyers
Vitalik Buterin Says Ethereum Will be '55% Complete' Post-Merge, Hodlnaut Reveals Massive Shortfall, AMC Shares Tumble 40% + More News
22.8.2022
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: Vitalik Buterin Says Ethereum Will be '55% Complete' Post-Merge, Hodlnaut Reveals Massive Shortfall, AMC Shares Tumble...
Australia to Use 'Token Mapping' as Framework for Crypto Regulation
22.8.2022
Australia has come up with a plan to frame regulation and protect investors in the face of an avalanche of advertising. The plan is to "token map" all cryptocurrencies to uncover the characteristics of all digital asset tokens in Australia including charting the type of crypto asset, its underlying...
Australia's new government finally signals its crypto regulation stance
22.8.2022
Australian Treasurer Jim Chalmers said that his government will improve the way Australia’s system manages crypto assets and provide greater protections for consumers