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‘Blockchain Basics Act’ Lands in Nebraska, 13 States to Introduce Crypto Legislation in 2024
8.1.2024
The Blockchain Basics Act, a bill that seeks to protect several blockchain-based activities from being outlawed by the U.S. government, has been introduced in Nebraska. Sponsored by Sen. Eliot Bolstar, the bill is similar to the one introduced in Missouri recently, and 11 more states are expected...
Upbit Secures Major Payment Institution License from Monetary Authority of Singapore
8.1.2024
Source: Upbit South Korea’s leading crypto exchange Upbit’s subsidiary Upbit Singapore announced that it has received a Major Payment Institution License from the Monetary Authority of Singapore. This accomplishment follows the previously announced in-principle approval (IPA) in October 2023, under...
Former Bitmex Chief Predicts 30% BTC Correction — Warns Spot Bitcoin ETFs Could Make It Worse
8.1.2024
Former Bitmex CEO Arthur Hayes is cautioning about a potential 30% correction in the bitcoin market. “The washout could be even more severe if the slate of U.S.-listed spot bitcoin ETFs has already commenced trading,” he warned. “I could easily see a 30% to 40% correction due to...
Concerns Mount Over Potential SEC Rejection of Spot Bitcoin ETFs, Analyst Weighs In
7.1.2024
The possibility of the U.S. Securities and Exchange Commission (SEC) rejecting spot bitcoin exchange-traded funds (ETFs) became a concern after financial watchdog group Better Markets called on the securities regulator to reject spot bitcoin ETFs, warning that approvals will lead...
11 Spot Bitcoin ETFs Inch Closer to Approval — Analyst Says It’s ‘Basically Done’
6.1.2024
Eleven spot bitcoin exchange-traded funds (ETFs) are moving closer to approval by the U.S. Securities and Exchange Commission (SEC). Proposed rule changes to list and trade all 11 spot bitcoin ETFs on stock exchanges have been filed with the SEC. “It’s basically done,” an ETF analyst...
Final Bitcoin ETF Application Filings Get Posted by Major U.S. Exchanges
6.1.2024
U.S. SEC Seeks to Leverage Terraform Win in Coinbase, Binance Disputes
5.1.2024
The U.S. Securities and Exchange Commission (SEC) has been blowing a horn in its various legal clashes with crypto exchanges, asking courts to see how its recent win in the Terraform Labs dispute should convince other judges that the regulator is right about platforms like Coinbase and Binance...
North Korea Was Responsible for Over $600M in Crypto Thefts Last Year: TRM Labs
5.1.2024
North Korea-affiliated actors were behind a third of all crypto hacks in 2023, making off with some $600 million in funds, a new TRM Labs study said
CoinDCX Reports 2000% Increase in Deposits Since India’s Crackdown on Offshore Exchanges
5.1.2024
Source: Shutterstock India’s leading crypto exchange CoinDCX has reported a 2000% increase in deposits from customers since the finance ministry issued a show cause notice to 9 major offshore exchanges, including Binance on December 28. Offshore exchanges Binance, Kucoin, Huobi, Kraken, Gate.io...
Australian Treasury to Question Regulator Over HyperVerse Crypto Scheme: Report
5.1.2024
Australia's Assistant Treasurer and Minister for Financial Services Stephen Jones has said he would be asking the Australian Securities and Investments Commission (ASIC) why it didn't warn consumers about the HyperVerse crypto scheme like other nations did
SEC Meets With Major Exchanges to Discuss Spot Bitcoin ETFs — Analysts Expect Imminent Approval
5.1.2024
The U.S. Securities and Exchange Commission (SEC) has met with officials from major exchanges to discuss spot bitcoin exchange-traded funds (ETFs). Sources close to the proceedings say the securities regulator could begin notifying issuers of spot bitcoin ETF approval on Friday and trading could...
Nigeria’s Central Bank Rolls Out Regulations For Financial Institutions Dealing with VASPs
4.1.2024
Source: AdobeStock The Central Bank of Nigeria (CBN) has issued new regulations to guide banks and other financial institutions that offer domestic accounts for virtual assets service providers (VASPs). In an official circular released on its website on Jan 3, the country’s leading banking...
South Korea Regulator Seeks Ban on Crypto Purchases With Credit Cards
4.1.2024
The Financial Services Commission cited concerns "about illegal outflow of domestic funds overseas due to card payments on overseas virtual asset exchanges."
India's Digital Rupee Crossed a Million Transactions in 1 Day With Some Help From Banks
4.1.2024
CoinDesk has viewed a letter dated Dec. 29 by the Reserve Bank of India (RBI) Governor Shaktikanta Das to staff that said the usage of the e-rupee (CBDC) "exceeded the milestone of 1 million transactions in a day on Dec. 27, 2023." A separate letter from one of the banks participating in...
Will 2024 Be the Year of the Bitcoin ETF?
4.1.2024
Excitement over a spot bitcoin ETF – a regulated financial product that would give institutional and retail investors easier exposure to bitcoin's price without requiring them to invest directly in the asset – continues to grow
Nigeria’s Central Bank Fleshes Out New Rule Allowing Crypto Firms’ Access to Bank Accounts
4.1.2024
Nigerian banks are still restricted from holding or trading crypto on their own behalf, despite regulators’ softening stance toward digital assets
Huobi Korea Announces Closure Citing Challenging Business Environment
4.1.2024
Source: Adobe South Korean cryptocurrency exchange Huobi Korea has announced the shut down of its services with effect from January 29, 2024. The decision comes in response to what the company described as a challenging “business environment.” Established in 2017, Huobi Korea...
SEC Will Approve Spot Bitcoin ETF to Maintain Regulatory Control Over Crypto Industry, Analyst Says
4.1.2024
Investment bank TD Cowen predicts the U.S. Securities and Exchange Commission (SEC) will approve a spot bitcoin exchange-traded funds (ETFs) by the Jan. 10 deadline as a “political necessity.” The bank’s analyst believes that the SEC needs to “cement its role as a crypto...
EU Banking Watchdog to Deepen Probe of Links Between Banks, Crypto Entities: FT
3.1.2024
The European Banking Authority (EBA) will take additional steps to anticipate how strains in non-bank financial institutions (NBFIs), including cryptocurrency-related entities, will affect banks
SEC Still Processing Spot Bitcoin ETF Paperwork, Report
3.1.2024
Anticipation of spot bitcoin exchange-traded fund (ETF) approvals by the U.S. Securities and Exchange Commission (SEC) remains high, but the securities regulator reportedly still has a lot of paperwork to go through. While some speculate on a late-week announcement, others expect it early next week...