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Crypto market bloodbath leads to $432M in liquidation
19.9.2022
The current market downturn is being attributed to a number of macroeconomic factors, such as higher-than-expected CPI data and a possible biggest Fed rate hike in 40 years
DOJ Launches Network of Over 150 Federal Prosecutors to Combat Criminal Uses of Crypto
18.9.2022
The U.S. Department of Justice (DOJ) has established the nationwide Digital Asset Coordinator Network of over 150 federal prosecutors. The authority explained that the new network will further its “efforts to combat the growing threat posed by the illicit use of digital assets to...
Blockchain Association calls White House's crypto framework a 'missed opportunity'
16.9.2022
Critics claimed the Biden administration's reports focused on environmental concerns over crypto's energy consumption and illicit uses rather than the technology's benefits
Crypto for foreign trade: What do we know about Iran’s new strategy
15.9.2022
Iran has decided to legalize the use of crypto in cross-border payments, which could impact how some countries view crypto
Russian Prime Minister Orders Finance Ministry, Central Bank to Agree on Crypto by December
15.9.2022
The central bank and the finance ministry in Moscow have been asked by the head of the Russian government to agree on a vision for the development of the country’s digital asset market by Dec 1. Working with other regulators, they should also present a common position on the legislation...
Binance Sees Record Increase in Indian Users After Government Starts Imposing New Crypto Tax
15.9.2022
The number of Indian users on cryptocurrency exchange Binance has soared after the Indian government began levying taxes on crypto transactions. Meanwhile, daily trading volumes at some major India-based cryptocurrency exchanges are down over 90% since the new tax rules took effect. Binance Sees...
Russian Businesses to Choose Which Crypto to Use for Cross-Border Settlements, Lawmaker Says
14.9.2022
Russian companies may start transacting in cryptocurrency with partners abroad as early as next year and will be free to pick the coin they want to use, officials in Moscow have indicated. The sanctioned country is preparing to legalize foreign trade settlements with digital assets and this could...
Hyperledger announced new members at commencement of global forum
13.9.2022
The group said the addition of its newest members will introduce a diversity of innovations and accelerate the development of decentralized technologies
Russia aims to set rules for crypto cross-border payments by year's end
13.9.2022
Russia might become the first country in the world to allow cross-border crypto payments while banning local crypto payments, a fintech expert in the Russian State Duma said
Indian authorities unfreeze millions in locked WazirX bank accounts
12.9.2022
The Indian crypto exchange was under investigation by local authorities for money laundering allegations which caused a freeze on over $8.1 million in bank account funds
China to Crack Down on Copyright Infringement Through NFTs
10.9.2022
Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments....
Japanese Government Rewards Local Authorities With Non-Transferable NFTs
9.9.2022
According to reports, the Japanese government is one of the first countries to use non-fungible tokens (NFTs) as a supplementary award to local authorities that excelled in a digitization competition. The awards were given to local authorities as recognition for their efforts in using digital...
Celsius, Creditors Agree to Independent Government Probe, Call for Narrowed Scope
9.9.2022
The Official Committee of Unsecured Creditors joined other Celsius borrowers in opposing the U.S. Trustee's motion to appoint an independent examiner, though they did not oppose the appointment of any third party investigator to dig into the embattled crypto lender's financials
UK economic secretary commits to make country a crypto hub under new PM
8.9.2022
“We want to become the country of choice for those looking to create, innovate and build in the crypto space," said MP Richard Fuller
Bitcoin Mining Threatens America’s Climate Change Efforts, White House Science and Tech Department Says
8.9.2022
The Biden administration is concerned about digital currency mining operations affecting climate change, after the U.S. Office of Science and Technology Policy published a report that says politicians should take action against crypto mining. The federal government’s entity recommends...
Republican lawmakers call for answers on digital dollar from Fed vice chair
8.9.2022
The House members asked for clarification on whether the Fed may be considering an “intermediated model” for a digital dollar that could require authorization from Congress
SEC chair suggests openness to crypto bills that don't 'inadvertently undermine securities laws'
8.9.2022
“I look forward to working with crypto projects and intermediaries looking to come into compliance with the laws,” said Gary Gensler
Cato Institute CEO says his daughter married the 'Bitcoin Sign Guy' from 2017 hearing
8.9.2022
Jerome Powell said that he also had “close family members” who argued that crypto was still in the development phase, suggesting Bitcoin proponents may be close to home
US Government Recovers $30M From Crypto Game Axie Infinity Hack
8.9.2022
Crypto analytics firm Chainalysis announced Thursday it helped the U.S. government recover about $30 million stolen from Axie Infinity earlier this year
Despite the Historical Blunders of Price Fixing, European Commission and G7 Pledge to Impose Price Controls
7.9.2022
With the global economy looking gloomy and financial trade more restricted than ever before in history, government-mandated prices are seemingly coming back with a vengeance. Europe is suffering from significant financial hardships stemming from the Ukraine-Russia war, and just recently the Kremlin...