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U.S. SEC’s Crypto Enforcement Chief Warns More Charges Coming to Exchanges, DeFi
19.9.2023
The U.S. Securities and Exchange Commission (SEC) isn’t done chasing down crypto exchanges and decentralized finance (DeFi) projects it sees as violating securities laws in the same vein as Coinbase Inc. (COIN) and Binance, said David Hirsch, head of the agency’s Crypto Assets and Cyber Unit
Coinbase Attempts to Push Crypto Legislation Forward in U.S. with Latest Moves
19.9.2023
Coinbase is intensifying its efforts to bring about positive changes in U.S. legislation in the crypto sector with a new media campaign it launched today. The company is spearheading multiple initiatives aimed at influencing lawmakers and ensuring clearer crypto regulation....
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Coinbase Attempts to Push Crypto Legislation Forward in U.S. with Latest Moves
19.9.2023
Coinbase is intensifying its efforts to bring about positive changes in U.S. legislation in the crypto sector with a new media campaign it launched today. The company is spearheading multiple initiatives aimed at influencing lawmakers and ensuring clearer crypto regulation....
Read More: Coinbase...
SEC Denied Immediate Access to Binance US Infrastructure
19.9.2023
In a setback for the government, a federal judge rejected a request by the U.S. securities regulator to inspect the technological infrastructure of Binance US. The U.S. Securities and Exchange Commission (SEC) accuses the American subsidiary of the leading crypto exchange of non-cooperation with...
Crypto Has Become a Non-Partisan Issue in the US: Grayscale CEO
19.9.2023
Grayscale CEO Michael Sonnenshein believes cryptocurrency has become a non-partisan issue, claiming that policymakers now acknowledge it's here to stay.
In a recent interview, Sonnenshein said the company is willing to collaborate with the US Securities and Exchange Commission (SEC) to bring about...
Crypto Investment Products See Continuous Outflows, Nearing $500 Million in Nine Weeks
19.9.2023
Capital continued to flow out of crypto-backed investment funds last week, with total outflows for the past nine weeks now nearing $500 million.
According to crypto research and investment firm CoinShares’ latest crypto fund flows report, outflows for last week alone came in at $54 million,...
The ‘Family Business’ — FTX Founder’s Parents Accused of Siphoning Millions From Bankrupt Exchange
19.9.2023
The parents of disgraced FTX founder Sam Bankman-Fried are being accused of misappropriating millions in customer funds from the now-bankrupt cryptocurrency exchange. The attorneys for Joseph Bankman and Barbara Fried firmly assert that the allegations are “completely false.”...
Crypto Wants a De Minimis Tax Exemption in the U.S.
19.9.2023
The leaders of the Senate Finance Committee, Sens. Ron Wyden (D-Ore.) and Mike Crapo (R-Idaho) published an open letter in July asking the crypto industry to weigh in on crypto tax issues, including loans, staking, mining, constructive sales and wash trading. These comments were due earlier this...
Standard Chartered’s Zodia Custody to Bring Yield on Crypto Holdings for Institutional Clients
19.9.2023
Zodia Custody, a Standard Chartered Bank-owned crypto entity, is bringing yield on digital assets to institutional clients in partnership with Singapore-based digital asset platform developer, OpenEden.
The collaboration comes days after Zodia officially launched its crypto custody services...
Bitcoin Shatters Records With Over 703,000 Transactions Confirmed in a Single Day as Ordinal Inscriptions Soar
19.9.2023
The count of Bitcoin ordinal inscriptions is on an upward trajectory, with the tally now eclipsing a staggering 33 million. Additionally, a milestone was achieved on September 15, 2023, when the Bitcoin blockchain set a new record by registering an astonishing 440,760 inscriptions in a single...
Biggest Movers: TON Hits 7-Month High, After Rising 50% in the Last Week
19.9.2023
Toncoin rallied to a fresh seven-month high on Tuesday, as Telegram founder Pavel Durov revealed more details about its recent partnership with the blockchain. Generally, the crypto market cap has been higher in the past days, mostly in anticipation of Wednesday’s Federal Reserve interest rate...
Thailand to Tax Overseas Earnings From Crypto Traders – Will it Impact Foreign Investment?
19.9.2023
Thailand would soon tax foreign earnings from crypto traders, a tighter measure to close the loophole, which allowed overseas income into the country tax-free.
The rule came from Thailand’s Revenue Department, which aims to fund its proposed economic stimulus, according to a BangkokPost report....
These Crypto Websites are Defying the Bear Market – What's Going On?
19.9.2023
Is 2023 really worth calling a ‘bear market’ year for crypto? A look at website traffic data for major industry domains suggests the answer may be a bit complicated.
On one hand, data from Similarweb – a web analytics platform – reveals a decline in monthly website visits for both Binance...
Erica Kang, CEO of KryptoSeoul, on Crypto in Asia and Bridging the Gap Between the West & the East | Ep. 266
19.9.2023
In an exclusive interview with cryptonews.com, Erica Kang, CEO and Founder of KryptoSeoul, talks about community-building spirit, crypto in Asia, and bridging the gap between the East and the West. ...
Read More: Erica Kang, CEO of KryptoSeoul, on Crypto in Asia and Bridging the Gap Between...
Bitcoin Mining Hits Toughest Era: Record Difficulty and Hashrate Peaks Define September 2023
19.9.2023
Bitcoin’s mining difficulty hit a record high after increasing 5.48% to 57.12 trillion. This rise signifies the need for a significant amount of computational power to discover blocks. Meanwhile, the network’s hashrate also reached a record high this past week. Bitcoin Difficulty Jumps...
AI Eye: Real uses for AI in crypto, Google’s GPT-4 rival, AI edge for bad employees
19.9.2023
How Maker, The Sandbox and Near are using AI in crypto, plus terrible workers benefit most from AI and Google’s GPT-4 rival nears release
Bitcoin, Ethereum Technical Analysis: BTC Remains Above $27,000, Following Moving Average ‘Death Cross’
19.9.2023
Bitcoin continued to trade above the $27,000 level on Tuesday, after a crossover of moving averages triggered a return of bullish sentiment. The move pushed price to a multi-week high, with the global market cap trending over 1% higher. Ethereum also extended recent gains. Bitcoin Bitcoin was once...
Bastion, Co-Founded by Former a16z Crypto Leaders, Raises $25M to Drive Web3 Adoption
19.9.2023
Crypto startup Bastion has raised $25 million in a funding round led by venture giant Andreessen Horowitz’s crypto arm, a16z crypto.
Also joining the round was several prominent venture capital firms like Nomura’s Laser Digital, Alchemy, Robot Ventures, crypto influencer Packy McCormick’s...
Crypto Firms, Banks Asked to Discuss UK Debanking, Regulator Says
19.9.2023
While crypto firms have struggled to access banking services in the country, a wide-ranging FCA report on debanking follows allegations from broadcaster Nigel Farage that his bank account was shuttered due to his political views
UK Passes Bill to Seize Crypto from Illicit Activities
19.9.2023
The United Kingdom’s House of Lords has pushed The Economic Crime and Corporate Transparency bill to its final stages of approval.
The bill was introduced in September 2022 with a bid to expand the powers of financial authorities in the country to confiscate monetary proceeds from financial crimes...