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Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’
22.3.2023
On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that...
Celsius custody account holders can receive 72.5% of their crypto, says bankruptcy judge
21.3.2023
Should they opt in to the deal, Celsius customers cannot “pursue any litigation, including seeking relief from the automatic stay, turnover, or other claims or causes of action.”
Crypto Ads in Belgium to Feature ‘Punchy Warning’ of Risks, New Rules Imply
21.3.2023
The financial regulatory body of Belgium has been tasked by the government to regulate advertisements for cryptocurrencies. New rules, set to enter into force in May, oblige advertisers to clearly warn investors of the risks associated with the digital assets. Belgium Poised to Protect Consumers...
CryptoUK calls on regulators to address de-banking of digital asset firms
21.3.2023
The trade association said many banks in the U.K. had begun imposing blanket bans on dealing with crypto firms “instead of taking a risk-based and case-by-case approach.”
DeFi insurance payouts amounted to $34.4M in 2022: Report
21.3.2023
Ninety percent of all DeFi insurance claims paid out since inception were distributed in 2022, according to OpenCover
ZenGo uncovers 'red pill attack' vulnerability in popular Web3 apps
21.3.2023
The vulnerability has since been patched, although it affected several leading transaction simulation vendors
SVB contagion: Australia reportedly asks banks to report on crypto
21.3.2023
Australia’s prudential regulator has reportedly told banks to improve reporting on crypto assets and provide daily updates
Argentine Tax Authority AFIP Detects Irregularities in 184 Digital Wallet Tax Statements
21.3.2023
The Argentine tax authority (AFIP) is increasing its scrutiny when it comes to digital wallets. The institution recently revealed it found irregularities in at least 184 tax statements that include digital wallets and cryptocurrencies. These taxpayers did not include their wallet holdings as part...
Belgian FSMA surveys crypto investors before taking on new ad regulation authority
20.3.2023
Crypto ads in Belgium will bear a blunt warning after a new regulation takes effect in May, and “mass” advertising campaigns will be subject to advance FSMA approval
Biggest Movers: SOL Over 8% Higher to Start the Week
20.3.2023
Solana rose by as much as 8% to start the week, as the token moved toward a one-month high. The token climbed for a second straight session, as the global banking crisis pushed investors towards cryptocurrencies. Chainlink was also higher, hitting a three-week high. Solana (SOL) Solana (SOL) moved...
OKX to cease operations in Canada by June 22 2023
20.3.2023
"Withdrawals from OKX will continue to be available," wrote the OKX team in an email to users. ͏ ͏ ͏ ͏
Bitcoin, Ethereum Technical Analysis: BTC Starts the Week Above $28,000, as Global Banking Crisis Worsens
20.3.2023
Bitcoin was trading above $28,000 on Monday, as cryptocurrencies extended a bull run to start the week. This upwards sentiment comes as the Federal Reserve and other major central banks made coordinated moves to enhance market liquidity. Ethereum continues to trade close to $1,800. Bitcoin Bitcoin...
Blockchain to Become More Relevant in Payments This Year, Sberbank Exec Says
20.3.2023
Blockchain technology can help solve current issues with settlements, according to the deputy chief executive of Sberbank. Russia’s largest bank is working with other financial institutions to develop blockchain-based payment applications, the banker revealed. Sberbank Sees Solution to Russia’s...
Taiwan watchdog FSC to assume authority on crypto regulation
20.3.2023
Taiwanese lawmakers reportedly expect to finalize a crypto regulatory framework by the end of March or April at the earliest
Venezuela overhauls national crypto department
19.3.2023
A new board will lead the reorganization, headed by Anabel Pereira Fernández. The new team excludes Joselit Ramirez, who led the department since its inception in 2018
Bitcoin hits $28k as uncertainty surrounds banks
19.3.2023
Bitcoin's price surged to surpass the $28,000 zone, marking a 16% boost in value in the past 7-days
These 5 cryptocurrencies may continue to surprise to the upside
19.3.2023
Bitcoin, ETH, BNB, STX, and IMX remain strong on the charts, increasing the likelihood of more gains in the near term
Dutch Financial Regulator Vows Strict Treatment of Crypto Business Under MiCA
19.3.2023
The financial regulatory body of the Netherlands intends to maintain tough attitude towards the Dutch digital assets sector despite looser European rules. The head of the agency overseeing the industry doesn’t think crypto is good news and highlights its flaws in an article. Head of Dutch Financial...
Several Crypto Mining Operations Busted in Russia
19.3.2023
Authorities and power utilities in various Russian regions have shut down illegal crypto mining farms, seizing hardware and taking operators to court. The action against the coin minting facilities comes amid discussions on a proposal to introduce criminal liability for miners breaking the upcoming...
Chair of EU Parliament’s Committee on Budgets Calls for Crypto Ban Amid Banking Turmoil
19.3.2023
A European lawmaker has urged authorities to impose a ban on cryptocurrencies citing the current crisis in the banking sector as a reason. Johan Van Overtveldt, former finance minister of Belgium, believes these assets bring no economic or social value. Belgium’s Ex-Finance Minister Suggests Ban...