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EIA Launches ‘Emergency Survey’ on Crypto Mining’s Power Use Amid Concerns of Alleged ‘Public Harm’
1.2.2024
The U.S. Energy Information Administration (EIA) has gained clearance from the Office of Management and Budget (OMB) to conduct an urgent survey regarding electricity usage by cryptocurrency mining firms across the U.S. The EIA submitted this request on the grounds that “public harm...
Canadian Court Declares Freeze on Crypto Donations During ‘Freedom Convoy’ Protests Unconstitutional
25.1.2024
In a judicial rebuke, the Federal Court of Canada ruled that the Trudeau government’s decision to freeze cryptocurrencies during the 2022 “Freedom Convoy” protests was unconstitutional. Trudeau Government’s Emergency Powers Challenged: Court Rules Crypto Freeze Unlawful In a ruling...
Texas Securities Board Orders Crypto Lender Abra to Return Assets to Investors
23.1.2024
Source: Pixabay Crypto lender Abra has reached an agreement with the Texas State Securities Board to return customers’ frozen funds. The ruling comes after the authority filed an emergency cease and desist order and accused the company of securities fraud. Per the settlement agreement published...
Tornado Cash Co-Founder Expresses Concerns About Upcoming Trial on Money Laundering Charges
23.1.2024
Roman Storm, co-founder of Tornado Cash, a controversial cryptocurrency mixer, expressed fear and sought support from right-to-privacy advocates in anticipation of his upcoming criminal trial. Storm faces three charges, including conspiracy to commit money laundering, operating an unlicensed...
Argentina Registers First Bitcoin Settled Lease Agreement
13.1.2024
Argentina has registered one of its first lease agreements denominated in bitcoin after the application of the emergency executive order issued by President Javier Milei, which opened the door for this kind of settlement. The agreement stipulates that the tenant must pay the $100 USDT worth...
Argentina’s President Javier Milei Sends Omnibus Bill to Congress, Seeking Legislative Powers
29.12.2023
Argentina’s President Javier Milei has sent a massive new bill to Congress to adopt a scheme of regulations to advance his goal of modernizing the Argentine state. If approved, the bill would allow Milei to legislate by executive order on certain emergency areas and privatize state companies...
Argentina’s President Javier Milei Issues Major Deregulation Measures via Executive Order
22.12.2023
Javier Milei, president of Argentina, has issued an emergency executive order repealing a series of laws to prepare the state for upcoming privatization and modernization moves. The executive order, which has 366 articles, touches on major aspects of Argentine life, including rents, job regulation...
Base project RocketSwap shares emergency plan following $865K exploit
15.8.2023
RocketSwap Labs plans on reaching out to the exploiter on-chain, who stole an estimated $865,000 from the protocol on Aug. 14
Curve emergency DAO terminates rewards for hack-related pools
2.8.2023
The Curve emergency DAO removed CRV rewards for alETH, msETH, pETH, crvCRVETH, Arbitrum Tricrypto, and multiBTC pools
Crypto Biz: Elon Musk’s X targets financial services, PacWest emergency rescue and more
28.7.2023
This week’s Crypto Biz explores Elon Musk’s plans for X, the Italian central bank’s take on DeFi, PacWest’s merger with Banc of California and more
Nigeria Declares Food Emergency After Sixth Consecutive Increase in Inflation Rate
19.7.2023
The Nigerian government declared a food price emergency after the latest data from the National Bureau of Statistics (NBS) showed that the country’s inflation rate had gone up by 0.38% to 22.79%. The NBS said the June inflation figure does not “fully capture the impact of the fuel...
Yuan Usage Soars in Argentina: Over 500 Companies Request to Pay for Imports in Chinese Currency, Report
27.6.2023
Over 500 companies in Argentina have reportedly requested to pay for imports using Chinese yuan as the U.S. dollar shortage worsens. “The central bank doesn’t have dollars so it needs the emergency aid China is offering,” a trade economist in Buenos Aires explained. Chinese Yuan Usage Hits Record...
CZ, Binance US Pleased With SEC Deal Despite ‘Unwarranted’ Emergency Relief
19.6.2023
Binance founder Changpeng Zhao (CZ) expressed his satisfaction over the agreement with the U.S. securities regulator preventing the freezing of the exchange’s assets in the United States. The crypto company’s American subsidiary also stated it’s pleased that the SEC’s request for a temporary...
Binance CEO CZ deems SEC's request for emergency relief unwarranted
18.6.2023
Binance CEO Changpeng 'CZ' Zhao has heaved a sigh of relief noting he is pleased the disagreement with SEC is over
Binance, CZ Agree to Repatriate US Customer Assets, SEC Secures Court Order
17.6.2023
Binance and the U.S. Securities and Exchange Commission (SEC) struck a deal to avoid the freezing of the crypto exchange’s assets in the United States. Under an emergency relief secured by the regulator, Binance agreed to repatriate to the U.S. funds held on behalf of customers of its American...
Crypto Firm Abra Said to be Insolvent in Texas State Regulators’ Cease-and-Desist Order
16.6.2023
According to an emergency cease-and-desist order from the Texas State Securities Board, the cryptocurrency firm Abra is “insolvent or nearly insolvent.” The filing alleges that a group of state securities regulators has been investigating Abra, and the working group interviewed William...
Binance's Emergency Fund Shrinks Amid SEC Legal Pressure
14.6.2023
The entire crypto market slid last week after the U.S. Securities and Exchange Commission (SEC) filed back-to-back lawsuits against Binance and Coinbase – two of the world’s largest digital asset exchanges by trading volume. ...
Read More: Binance's Emergency Fund Shrinks Amid SEC Legal Pressure
An In-Depth Look at Binance’s TRO Opposition, Filing Insists SEC Manufactured an Emergency ‘for Its Own Purposes’
14.6.2023
Binance fired back at the U.S. Securities and Exchange Commission’s temporary restraining order (TRO) request on Monday, assuring the court that “there is no risk” to customer assets. The exchange’s legal team dismissed the notion of an “emergency,”...
US SEC Files an Emergency Motion in DC Court To Freeze Binance.US Assets — What’s in It?
7.6.2023
The US Securities and Exchange Commission filed an emergency motion on Tuesday evening seeking a temporary restraining order freezing assets of Binance’s US platform.
The regulator filed an emergency motion for a temporary restraining order in the US District Court for the District Court...
SEC Seeks Court Approval to Freeze Binance US Crypto Assets, Citing Customer Safety Concerns
7.6.2023
Seeking court approval, the U.S. Securities and Exchange Commission (SEC) is actively pursuing a measure to freeze cryptocurrency assets linked to Binance US. In order to to “ensure the safety of customer assets,” the securities regulator deems this action as an urgent necessity. SEC Files...