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“Banks Work, Bitcoin Doesn’t” Wikipedia Co-founder Fires Shots at Bitcoin, Community Responds
13.12.2023
Bitcoin Wikipedia Source: Adobe / piter2121 Wikipedia co-founder Jimmy Wales criticized Bitcoin (BTC) on the asset losses when users forget their wallet passwords against the reality of centralized finance sparking wide controversy among crypto enthusiasts. Wales wrote on X (formerly Twitter)...
Arthur Hayes: CZ and Binance Were Punished for Challenging the Pax Americana Establishment
1.12.2023
Arthur Hayes, the former CEO of Bitmex, has explained what he thinks led to the billionaire settlement between Binance, its former CEO Changpeng ‘CZ’ Zhao, and the U.S. Department of Justice (DOJ). He detailed that the growth of Binance, a structure that was outside the control of...
Is Pyth Network Going to Zero? PYTH Price Falls 11% as This New Crypto Raises $4.5 Million
30.11.2023
As price action continues to consolidate after the seismic launch of the Pyth Network airdrop, traders are on edge with a -11% PYTH price drop threatening technical structure, leading some panicked holders to ask ‘is Pyth Network Going to Zero?’. Market interest in airdrops is at an...
Grayscale Proposes GBTC Fund Amendment as Spot Bitcoin ETF Looms
30.11.2023
Source: Adobe / Ascannio Grayscale, the manager of the Grayscale Bitcoin Trust (GBTC), has proposed amendments to the trust’s agreement in preparation for a potential uplisting to a spot Bitcoin (BTC) exchange-traded fund (ETF). The move aims to align GBTC’s structure with other...
CZ Not off the Hook Yet as SEC Continues to Investigate Binance US: Report
28.11.2023
Source: Youtube/Entrepreneur ME The United States Securities and Exchange Commission (SEC) is seeking evidence regarding Binance.US’s alleged backdoor control over customer assets, resembling a structure akin to FTX, Wall Street Journal reported. In June, the SEC initiated legal action...
Analyst: BlackRock is Holding Meetings With the SEC About its Bitcoin ETF – Here’s What We Know
22.11.2023
BlackRock Office Blackrock held a meeting with the U.S. Securities and Exchange Commission (SEC) on Monday to discuss the structure of its upcoming Bitcoin ETF, according to a memo from the regulator. The meeting’s attendees included 8 members from the SEC’s Division of Trading and Markets,...
Bitstream White Paper Proposes Bitcoin Payments to Disrupt File Storage Economy
12.11.2023
Robin Linus, the creator behind BitVM — a computing construct atop the Bitcoin blockchain — released a new white paper on November 11, 2023, entitled “Bitstream.” The document explores a system aimed at reforming the economic structure of file storage, suggesting...
Unicoin Makes History: Acquires Luxury Resort in Largest Ever Crypto-Property Deal
26.10.2023
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content. The Eden Grand Resort is currently under development and set to occupy 64,000 square meters of land in Chonburi, Thailand. However, while the expansive lot, which aims to be filled...
Crypto-friendly Patrick McHenry takes interim House Speaker position
4.10.2023
Eight Republicans voted against Republican Representative McCarthy, making it the first time in U.S. history that the House Speaker has been ousted by Congress
Onecoin Co-founder Karl Sebastian Greenwood Sentenced to 20 Years in Prison
14.9.2023
One of the founders of the crypto pyramid Onecoin, British and Swedish national Karl Greenwood, has been sentenced to 20 years in prison in the United States. Greenwood was the architect of the scam’s multi-level marketing structure and served as Onecoin’s global master distributor. Cryptoqueen...
CFTC Commissioner Proposes ‘First-Ever’ US Pilot Program for Crypto Regulation
9.9.2023
A commissioner with the Commodity Futures Trading Commission (CFTC) has proposed the “first-ever” pilot program in the U.S. “to support the development of compliant digital asset markets and tokenization.” The regulator emphasized: “Our principles-based framework...
“Right To Mine” Arkansas crypto law finding more rejection, attention turns to Borroe’s unique fee structure
10.8.2023
The state of Arkansas has recently garnered attention for its efforts to regulate Bitcoin mining through the proposed Arkansas Data Centers Act of 2023. While this bill aims to establish a framework for mining operations, it has not been without its challenges, encountering both approval...
G20’s FSB Pushes for Global Crypto Regulations and Standards Aiming to Curb Crypto ‘Spillover’ Risks
17.7.2023
On Monday, the Financial Stability Board (FSB), a product of the G20 organization, unveiled its proposed guidelines for a global regulatory structure overseeing the operations of crypto assets. The international entity emphasizes that nations should confront the risks cryptocurrencies pose...
US industry watchdogs oppose draft bill on crypto market structure
13.7.2023
The group sent a detailed letter to the U.S. House Financial Services Committee accusing the crypto market of seeking favorable legislation under the guise of crypto innovation
What is the International Monetary Fund, and how does it work?
30.6.2023
Explore the IMF’s objectives, governance structure and key functions in promoting global financial stability
US lawmaker calls for info from Treasury and SEC on crypto market structure bill
26.6.2023
Rep. Maxine Waters gave Janet Yellen and Gary Gensler a deadline of June 30 to respond to her requests on the “Digital Asset Market Structure” bill proposed by Republican lawmakers
BRICS Bank President Dilma Rousseff Calls for the Creation of a Global South Focused Financial System
14.6.2023
Dilma Rousseff, president of the New Development Bank — also known as the BRICS bank — and former Brazilian president, has called for establishing a financial architecture designed for the so-called Global South. In a keynote speech at the 14th Lujiazui Forum, Rousseff remarked on the importance...
Republican crypto bill a ‘10x improvement’ on all others: Messari CEO
8.6.2023
Speaking in a Twitter Space hosted by Coinbase on June 7, Ryan Selkis praised the new crypto bill for providing new firms with a clear path to compliance
BitDAO passes BIP-21 token optimization and branding proposal
19.5.2023
A proposal to unify branding between the Mantle network and BitDAO passed with overwhelming support
Brazilian President Lula Ends Fuel Price Peg to the US Dollar, Announces Wholesale Discounts
18.5.2023
Brazilian President Luiz Inacio ‘Lula’ da Silva has announced that state oil company Petrobras will not be using US dollar-based international prices to set its internal fuel pricing structure. The “Brazilianization” of the industry determines discounts for distributors...