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Sen. Lummis: It'll Pay to 'Choose Circle Over Tether' Under U.S. Stablecoin Proposal

18.4.2024
Circle Internet Financial would have a distinct advantage over global stablecoin leader Tether under U.S. regulations along the lines being suggested by new legislation, according to one of the latest bill's authors, Sen. Cynthia Lummis (R-Wyo.)

Mango Markets Exploiter Avi Eisenberg Found Guilty of Fraud and Manipulation

18.4.2024
NEW YORK – A Manhattan jury has found crypto trader Avi Eisenberg guilty on fraud and market manipulation for his $110 million heist from decentralized finance protocol Mango Markets in October 2022

Protecting Crypto Users Is More Important Than Faster UK Registration: FCA Executive

18.4.2024
Members of the industry have complained that the regulator takes too long to approve crypto applications

New Zealand Starts Digital Cash Consultation

18.4.2024
The consultation paper asked New Zealand citizens to respond on the digital cash design, whether or not interest should be paid and if there should be holding limits

Binance Secures Full Virtual-Asset Services Provider License in Dubai

18.4.2024
The fourth and final stage of approval comes almost a year after the crypto exchange secured a third-stage license

Binance Could Come Back to India by Paying $2M Fine: Report

18.4.2024
The exchange could return as a FIU-registered firm after paying the fine, the report added

Jury Begins Deliberations in $110M Mango Markets Fraud Trial

17.4.2024
Crypto trader Avi Eisenberg’s fate now rests in the hands of 12 New York jurors, who have been tasked with deciding whether his October 2022 trades on Mango Markets – which netted him $110 million – were fair game or fraud

QCP Capital and Further Ventures Announce Partnership for Middle East Crypto Expansion

17.4.2024
Both companies plan to develop new institutional digital offerings, while QCP is set to open an Abu Dhabi shop

Crypto PAC Spent Millions to Get Alabama Candidate on Path Toward Congress

17.4.2024
Shomari Figures, a Washington insider with a lengthy progressive resume, didn't pull in the most money in direct contributions as he sought one of Alabama's seats in the U.S. House of Representatives. Still, the crypto-friendly candidate dominated the crowded field of fellow Democrats and then...

UK Lawmakers Call for Govt to Develop Crypto, Blockchain Skills Pipeline

17.4.2024
Member of Parliament Lisa Cameron called for the government to ensure that all stages of education and the workplace develop digital skills

U.S. Senators Lummis, Gillibrand Take on Stablecoin Legislation With New Bill

17.4.2024
U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) are taking another swing at crypto-specific legislation, with a narrowly tailored bill seeking to define how stablecoins – cryptocurrencies that maintain a value with some other asset, like the U.S. dollar – will operate in...

PayPal Says NFT Purchases No Longer Backed By Its Protection Program

17.4.2024
Payments giant PayPal plans to remove non-fungible token (NFT) purchases from its purchase protection program from May 20. The post PayPal Says NFT Purchases No Longer Backed By Its Protection Program appeared first on Cryptonews

Looking at Sam Bankman-Fried's Appeals Process

17.4.2024
As expected, Sam Bankman-Fried's legal team filed a notice of his intent to appeal his conviction on fraud and conspiracy charges. So far all we have is just the notice – the actual brief won't come for some time yet

Crypto-Skeptic Sen. Sherrod Brown Is Open to Advancing Stablecoin Legislation, Bloomberg Reports

16.4.2024

Binance.US Taps Former New York Fed Compliance Chief for Board Role

16.4.2024
Binance.US added Martin Grant, a one-time New York Federal Reserve Bank official who spent 17 years as its chief compliance and ethics officer, to its board of directors

Tether, Circle Diverge on How to Tackle Global Patchwork of Stablecoin Rules

16.4.2024
The two largest digital dollar providers have chosen different paths in dealing with a perceived lack of global clarity on stablecoin rules: Circle is looking to U.S. lawmakers to provide guidance, while Tether is taking a hands-on approach to tackling fraud and money laundering

Elizabeth Warren Demands U.S. CFTC Chair Explain His Chats With SBF

15.4.2024
The head of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, had a lot of contact with Sam Bankman-Friend, the disgraced former CEO of FTX, but lawmakers suggest he hasn't been fully forthcoming about those interactions. So, Sens. Elizabeth Warren (D-Mass.) and Chuck Grassley...