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Crypto should become a regular part of TradFi within 5-10 years: Exchange CEO
19.5.2023
Bittrex Global CEO, Oliver Linch, believes crypto conferences won't exist in 5-10 years as crypto would just become a part of traditional finance
First Mover Asia: Traders Long on Bitcoin Despite Debt Ceiling Challenges, Dark U.S. Regulatory Clouds
19.5.2023
PLUS: Meme coins don't respect the intellectual property rights of others. And that's a problem
Bitcoin Drops Below $27K as Investors Continue to Weigh Debt Ceiling Talks, Regulatory Actions
18.5.2023
BTC reversed its morning gains, declining below $26,500 before recently rebounding
Regulatory Battle: Grayscale Challenged by SEC’s Designation of Filecoin as Security
18.5.2023
Grayscale Investments, the largest digital currency asset manager by assets under management, made an announcement on May 17 regarding a comment received from the U.S. Securities and Exchange Commission (SEC). According to the SEC, the crypto asset filecoin qualifies as a security under federal...
Tax Authority Slated to Become Main Crypto Regulator in Russia
17.5.2023
Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an entry point for market...
Valkyrie Goes for a Leveraged Bitcoin Futures ETF Dubbed 'BUFD' in Regulatory Filing
16.5.2023
Asset management firm Valkyrie filed an application to a US regulator to launch a leveraged bitcoin futures ETF with an interesting ticker symbol.
The Valkyrie Bitcoin Futures Leveraged Strategy ETF, with the ticker symbol BTFD, would not invest directly in bitcoin, and instead seeks to benefit...
Amid ‘Regulatory Apparatus’ Against Crypto, Paul Tudor Jones Maintains Bitcoin Allocation
16.5.2023
In a recent interview, the renowned investor Paul Tudor Jones expressed his perspective on bitcoin, acknowledging that there might be regulatory challenges ahead. However, Jones emphasized his unwavering commitment to the dominant cryptocurrency, affirming that he maintains “a small...
US Crypto Firms Migrate to Bermuda Amid Regulatory Concerns
15.5.2023
Crypto companies are increasingly turning away from the US in search of clear digital asset regulations, and some of the major companies are finding a home in Bermuda. Still, some experts warn that this may be a short-term solution as the issues in the land of the free are not getting...
Binance to Withdraw From Canadian Market Due to Regulatory Climate
13.5.2023
Binance, the world’s largest cryptocurrency exchange by trading volume, announced on Friday that it is “proactively withdrawing from the Canadian market.” The company thanked the regulators who worked with them and said that the Canadian market was “small.” Binance...
Binance Announces Exit from Canada, Citing Regulatory Tensions
12.5.2023
The world’s largest crypto exchange by volume said new guidance related to stablecoins and investor limits prompted the exit
Binance.US Contemplates Lowering Founder Changpeng Zhao’s Stake Amid Regulatory Concerns
12.5.2023
Binance’s US-regulated branch Binance.US is reportedly seeking ways to reduce Binance founder Changpeng Zhao’s stake in the company due to concerns over a regulatory crackdown on Zhao’s international business empire.
To reduce the perceived regulatory risk in the US, Changpeng Zhao, better known...
Joseon: Finally, Cryptocurrency Has a Safe Haven
11.5.2023
The cryptocurrency industry has faced significant regulatory challenges in recent years, with the SEC and CFTC taking action against various projects, including sending Wells notices to Coinbase. Amidst this regulatory landscape, the concept of sovereignty and international law has become...
US Chamber of Commerce Backs Coinbase in Fight for Regulatory Clarity
10.5.2023
The US Chamber of Commerce backed Coinbase’s request for the US Securities and Exchange Commission to write rules for cryptocurrency in a recent court filing.
The Chamber, which is the world’s largest business organization, said no one knows for certain which digital assets are securities under...
Crypto Self-Regulatory Organization Plan Floated in US House Hearing
10.5.2023
US lawmakers drifted the idea of regulating cryptocurrency through a self-regulatory organization putting both the Securities and Exchange Commission and the Commodity Futures Trading Commission in charge.
Rep. Stephen Lynch, D-Mass., asked former CFTC Chair Timothy Massad what measures would...
We Need Regulatory Clarity to Keep Crypto Exchanges Onshore and DeFi Permissionless
10.5.2023
The lack of clear crypto regulation risks sending companies overseas. Congress must bring regulatory clarity to crypto market structure, defining the bounds and appropriate legal treatment of crypto securities, commodities, and exchanges, say Jack Solowey and Jennifer J. Schulp
Top Market Makers Jane Street and Jump Crypto Pare Down US Crypto Operations Amid Regulatory Pressure
10.5.2023
Two prominent market-making firms Jane Street Group and Jump Crypto are cutting back their digital asset trading activities in the US due to heightened regulatory pressure.
Jane Street is also scaling back its global crypto ambitions due to regulatory uncertainty, which makes it difficult for...
Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts Say
8.5.2023
Increasing regulatory pressures, tax burden and energy costs in countries like the U.S. and Kazakhstan are likely to result in a new great migration of crypto miners, Russian analysts believe. Under such a scenario, Russia has what it takes to occupy up to 18% of the global bitcoin hashrate, they...
Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector
6.5.2023
The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy while increasing its tax burden. Miners Face Higher...
Coinbase Jumps 17% Post-Earnings; Analysts Praise Results but Worry About Regulatory Uncertainty
5.5.2023
Coinbase (COIN) shares are up sharply after the company’s first quarter results topped analyst estimates on both revenue and loss per share
U.S. Regulatory Crackdown Sees Institutional Investors Prefer Gold to Bitcoin: JPMorgan
5.5.2023
This year’s 76% bitcoin rally appears to have been driven by retail buying, the report said