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FDIC Vice Chairman Takes Aim at Controversial SAB 121, Pushes for Regulatory Clarity
12.3.2024
Federal Deposit Insurance Corporation (FDIC) Vice Chairman Travis Hill criticized the United States Securities and Exchange Commission's (SEC) controversial SAB 121 while saying that the FDIC’s regulatory approach has “significant downsides" amidst larger discussions around the regulation...
Crypto’s Rising Influence in 2024 U.S. Elections: A Game Changer, Says Analyst
12.3.2024
FOX Business analyst Eleanor Terrett opined on March 11 that the cryptocurrency industry is gaining influence as the 2024 U.S. elections draw near, citing increasing influence of crypto advocacy groups like the Stand With Crypto Alliance.
The post Crypto’s Rising Influence in 2024 U.S. Elections:...
Crypto Experts Are Bullish on This New AI Coin – What’s Their Secret?
12.3.2024
A new AI-integrated blockchain security coin called Scotty the AI (SCOTTY) is making analysts of smaller market cap projects bullish right now. Thats because $SCOTTY combines the cultural stock of meme coin projects like Dogecoin and Shiba Inu with the added utility of an AI-powered blockchain...
Tether CTO Aims Dig At DCG For Doubting USDT’s Resilience
12.3.2024
As the crypto industry faced turmoil, Digital Currency Group (DCG) attempted to short Tether (USDT) amidst stability concerns. Tether's CTO, Paolo Ardoino, calls out the move as DCG now faces a lawsuit. The incident highlights the stark contrast between Tether's resilience and DCG's struggles.
The...
NFT Providers May Need Registration to Comply With UK Money Laundering Rules
12.3.2024
The U.K. started a consultation on its money laundering rules on Monday
USDT expands to Celo: A new era for mobile crypto
12.3.2024
Tether Operations Limited, also known as Tether, the central crypto platform, recently announced the integration of its stablecoin USDT on Celo, a unique blockchain based on a mobile approach accessible via the EVM platform. This shift will significantly impact the Tether and Celo ecosystems...
Grayscale Aims to Launch Mini Bitcoin Trust for Lower Fees and Tax Benefits
12.3.2024
Grayscale has revealed the submission of an S-1 form to the U.S. Securities and Exchange Commission (SEC) for the launch of a new, smaller version of its popular Grayscale Bitcoin Trust (GBTC). This initiative is designed to provide shareholders with exposure to bitcoin, reduced fees and potential...
Bitcoin Price Breaks Through $70k, Whilst New Cryptocurrency Green Bitcoin Raises $3m
12.3.2024
The bitcoin price has broken through $73,000 in spectacular fashion, spurring on crypto traders to find the best way to gain exposure to the bull run, which is where Green Bitcoin ($GBTC) comes in after raising $3.2 million in presale.
The post Bitcoin Price Breaks Through $70k, Whilst...
South Korea suggests crypto management system to fight tax fraud
12.3.2024
South Korea is preparing and implementing robust measures to combat tax evasion associated with virtual assets. The National Tax Service of South Korea has designated GTIC for the integrated management system (ISP) of virtual assets in an effort to prevent tax evasion. With big measures being...
Crypto Economy’s Rise Fuels Defi Sector to Surpass $100 Billion TVL
12.3.2024
This week, as of March 9, 2024, the cumulative value held in decentralized finance (defi) platforms exceeded $100 billion for the first time since the downfall of Terra in May 2022. In the past 30 days, the leading three defi platforms have experienced an increase of at least 50%, fueled by...
Worldcoin’s Request for Injunction Denied as Spain’s AEPD Upholds Temporary Suspension
12.3.2024
Worldcoin has been unsuccessful in obtaining an injunction against a temporary suspension imposed by Spain's data protection authority, the AEPD.
The post Worldcoin’s Request for Injunction Denied as Spain’s AEPD Upholds Temporary Suspension appeared first on Cryptonews
EU Parliament Approves New Sanctions Laws That Also Apply to Crypto
12.3.2024
The laws are to ensure sanctions rules are applied uniformly across the EU's 27 member states
Tether Launches USDT on Celo Targeting Increased Usability
12.3.2024
Tether, the company behind the issuance of USDT, the largest stablecoin in the cryptocurrency market, has announced the launch of its currency on Celo, an EVM-compatible blockchain. Paolo Ardoino, CEO of Tether, stated that this move was focused on enhancing the “usability and accessibility...
Near Protocol Matches Dogecoin Price Performance in March, Is Green Bitcoin the Next Eco-Friendly Crypto To Explode?
12.3.2024
Near Protocol has risen by 3% in the past 24 hours, with its move to $7.18 also marking an impressive 63% gain in a week.
The post Near Protocol Matches Dogecoin Price Performance in March, Is Green Bitcoin the Next Eco-Friendly Crypto To Explode? appeared first on Cryptonews
Biden’s Budget Proposal for 2025 Rekindles Discussion of 30% Electricity Tax for Crypto Miners
12.3.2024
President Joe Biden has reignited the debate surrounding the imposition of a 30% tax on electricity used by cryptocurrency miners in a budget proposal for 2025.
The post Biden’s Budget Proposal for 2025 Rekindles Discussion of 30% Electricity Tax for Crypto Miners appeared first on Cryptonews
Impact of Bitcoin halving and Spot Bitcoin ETFs on crypto market
12.3.2024
The crypto market is rejoicing in a bull rally, with multiple factors accounting for the run. The long-running market slum ended with US Bitcoin ETFs getting approval from the SEC. With Bitcoin set to conduct its halving in 2024, the market is brimming with positive outlooks. The programmed event...
Poland’s Regulator Gets Authority to Block Crypto Access Ahead of MiCA Bill
12.3.2024
The new authority will enable KNF to independently block crypto accounts for 96 hours if any suspension arises.
The post Poland’s Regulator Gets Authority to Block Crypto Access Ahead of MiCA Bill appeared first on Cryptonews
‘Web3 Gaming Offers a Pathway to a More Inclusive and Vibrant Gaming Ecosystem’ — Weiwei Geng
12.3.2024
While the traditional gaming industry’s free-to-play model is largely credited for its past and projected success, on the downside this model only prioritizes building games that “optimize for addiction and profit maximisation” rather than “innovative entertainment,”...
Tim Draper Expects Bitcoin to Transform El Salvador Into One of the Richest Countries in the World
12.3.2024
Tim Draper, a venture capitalist famous for his bitcoin price predictions, has praised El Salvador’s vision of embracing this new technology and talked about the benefits of this decision for its people. According to Draper, bitcoin will make El Salvador one of the richest countries in...
Bitcoin hits an all-time high, along with crypto market liquidity
12.3.2024
Bitcoin recently made history after breaching the $70,000 mark. The crypto leader continued this rally to hit its all-time high of $72,850.71. At the same time, the crypto market liquidity has also surpassed its all-time high. Stablecoin supply represents liquidity in the crypto industry, and it’s...