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Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly
1.8.2023
The crypto industry has never made it this far in its quest for a new system of U.S. oversight for digital assets, but the recent flurry of legislative progress may still be too contentious for it to become law
Binance Japan begins launching trading services for residents
1.8.2023
The Japan-based crypto exchange said it was offering spot trading for 34 tokens as of Aug. 1, with plans to migrate global Binance users starting on Aug. 14
Crypto Staking in the Crosshairs: IRS Unveils New Tax Guidance
1.8.2023
The U.S. Internal Revenue Service (IRS) has issued a decree stating that American citizens drawing income from cryptocurrency staking services must categorize the value of those digital assets as gross income, the moment they officially take possession of the staking reward. IRS Clarifies...
4 Crypto Bills Pass US House Committee
1.8.2023
The U.S. House Financial Services Committee has passed four crypto bills. “Congress is asserting its authority to design a regulatory framework, rather than allowing overzealous federal agencies to fill the gap with enforcement actions,” said the CEO of Blockchain Association. US House Committee...
Bitcoin, Ethereum Technical Analysis: BTC Slightly Higher Ahead of This Week’s US Economic Data
31.7.2023
Bitcoin started the week trading higher, as markets prepared for a big week of economic data in the United States. The headline announcement will be Friday’s nonfarm payrolls, in addition to services and manufacturing activity data. Ethereum continued to trade above a key support point...
Binance to offer crypto broker-dealer services in Dubai with new license
31.7.2023
Binance is now officially allowed to offer crypto services to institutional and qualified retail investors in Dubai
US House Committee Passes ‘Keep Your Coins Act’ to Protect Right to Self-Custody Crypto
30.7.2023
The U.S. House Committee on Financial Services has passed the Keep Your Coins Act of 2023 to protect the self-custody of crypto. “Those attacking self-custody oppose individual freedom. They want someone they control to control your assets,” said Congressman Warren Davidson who introduced the bill....
Reddit Returns With New NFTs and Crypto Twitter Leaves Threads on Read
29.7.2023
Reddit launched Gen 4 of its NFT Collectible Avatars while Amazon expanded its blockchain tools. Also, crypto influencers shared thoughts on Threads and indicated that they aren’t ready to leave Twitter just yet
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
US House Financial Services Committee Passes Stablecoin Legislation ‘After a Few Fireworks’
28.7.2023
The U.S. House Financial Services Committee has passed Chairman Patrick McHenry’s Clarity for Payment Stablecoins Act with bipartisan support. McHenry said committee members, unlike the White House, understood the urgency and importance of providing clarity for payment stablecoins. Sheila...
Bitcoin Bulls Should Switch to Call Options, Crypto Services Provider Matrixport Says
28.7.2023
Lower volatility has made option prices cheaper, Matrixport's Markus Thielen said
Crypto.com registers in the Netherlands, cleared to advertise services
28.7.2023
The company received the green light from De Nederlandsche Bank to offer its services in the country
U.S. Stablecoin Bill Takes Big Step Despite Fight From Democrats, White House
28.7.2023
House lawmakers cleared stablecoins legislation for the next step in its route through Congress on Thursday, though the House Financial Services Committee moved the bill toward a potential floor vote without bipartisan support as Chair Patrick McHenry (R-N.C.) blamed White House objections for...
Top 5 South Korean Crypto Exchanges Reveal Compliance Strategies to Curb Illicit Activities
28.7.2023
According to a statement published by the South Korean Financial Services Commission (FSC), the entity’s Korea Financial Intelligence Unit held a meeting with virtual asset service providers (VASPs) in order to strengthen regulatory compliance. The top five South Korean cryptocurrency...
Crypto Bill Advances Out of House Agriculture Committee
27.7.2023
The House Agriculture Committee advanced the Financial Innovation Technology for the 21st Century Act, a day after the House Financial Services Committee did
White House Derailed Negotiation on U.S. House Stablecoin Bill: McHenry
27.7.2023
The move comes a day after the finance-focused lawmakers agreed bills on crypto market structure
Amazon Expands Managed Blockchain Services
27.7.2023
The tech giant moves deeper into Web3 infrastructure with AMB Access and Query services for developers
Binance to Restore Full Services in Japan in August, CZ Unveils
27.7.2023
Cryptocurrency exchange Binance will start offering full services in Japan next month, founder Changpeng Zhao (CZ) announced. The leading trading venue for digital assets reenters the Japanese market with a domestic exchange after announcing earlier it was discontinuing services through its global...
US House Financial Services Committee Approves First Crypto Regulatory Framework Bill
27.7.2023
A key US House Committee on Wednesday passed a bipartisan bill to ensure regulatory clarity for cryptocurrencies.
The House Financial Services Committee approved a Republican-led bill in a 35-15 vote, with support from some Democrats including Jim Himes of Connecticut and Ritchie Torres of...
House Financial Services Committee Votes in Favor of Crypto, Blockchain Bills
27.7.2023
The House Financial Services Committee advanced a set of crypto bills after a landmark markup on Wednesday