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House Lawmakers Rekindle Stablecoin Regulation Debate, Revealing Partisan Rifts
20.4.2023
Lawmakers in the US House of Representatives are again looking at regulations on stablecoins under new Republican leadership, but partisan differences and bickering between the two sides may delay the passing of any new law on the topic....
Read More: House Lawmakers Rekindle Stablecoin Regulation...
One in 10 French People Own Crypto, Study Finds – Is Adoption Increasing?
20.4.2023
Ten percent of French people own cryptoassets and crypto awareness is also on the rise, a new study has found.
Per BFM TV, the study was conducted by the Association for the Development of Digital Assets (Adan) and the French branch of the accountancy giant KPMG.
The parties carried out a similar...
Solana comes out with a disruption analysis report
19.4.2023
Solana has come out with an analysis report regarding the disruption that took place when various services on the network operating custom block forwarding software transmitted more data than was normal. This occurrence took place on Feb 25, 2023. It began with the Solana Mainnet Beta cluster...
UAE Securities Regulator Opens Door for Crypto Firms' License Applications – Next Crypto Hub?
19.4.2023
The United Arab Emirates’ (UAE) Securities & Commodities Authority has announced that it is now accepting applications for licenses by crypto firms wanting to set up offices in the country....
Read More: UAE Securities Regulator Opens Door for Crypto Firms' License Applications – Next Crypto Hub?
S Korean President Calls for ‘War’ on Crypto-powered Drug Trafficking
19.4.2023
South Korean President Yoon Seok-yeol has declared an “all-out war” on crypto-powered drug trafficking after a large number of narcotics-trading teens were handed jail time.
Per Today Korea, Yoon said there was a “need” to “mobilize all government capabilities in the fight against drugs.”
At...
New CoinShares Report: Crypto Investment Products See Positive Flows for 4 Weeks Straight – Bull Market Starting?
18.4.2023
Crypto-backed investment funds saw inflows again for the fourth consecutive week last week, with strong buying activity seen in bitcoin funds.
According to the latest fund flow data from crypto research firm CoinShares, the total inflows into crypto-backed funds reached $113.7 million for...
Russian Central Bank OKs ‘Experimental’ Use of Crypto in International Trade – More Crypto Adoption Incoming?
18.4.2023
The Russian Central Bank has said it is prepared to allow trading firms to do international business in a controlled “experimental” environment.
Per RIA Novosti, the Central Bank Governor and long-serving Vladimir Putin ally Elvira Nabiullina has come to terms with the fact that “cryptocurrency...
Bank of England Explores Digital Pound for Wholesale Markets – CBDC Adoption on the Rise?
18.4.2023
A Bank of England (BoE) official has said that a digital version of the British pound could soon be used in wholesale markets, potentially taking the UK one step closer to a central bank digital currency (CBDC)....
Read More: Bank of England Explores Digital Pound for Wholesale Markets – CBDC...
South Korean ‘Crypto Drug-trading Teens’ Jailed
18.4.2023
A “continuous” flow of South Korean teens is being given jail time as law enforcers continue a crackdown on crypto-powered drug trading.
Kyungnam Shinmun reported that courts in the southern city of Changwon are now “sentencing teens and people in their twenties to imprisonment, one after...
Polygon Labs refers to Article 30 in an open letter to the EU
18.4.2023
Polygon Labs, a global software development company, has written to the members of the European Parliament, the Council of the European Union, and the European Commission to call their attention to Article 30. An open letter was used to carry this out. This was done in order to get more information...
SEC Identifies Algorand and Five Other Tokens as Securities in Bittrex Case – Here's the Latest
18.4.2023
The Securities and Exchange Commission (SEC) has charged crypto asset trading platform Bittrex, Inc., its co-founder and former CEO William Shihara, and its foreign affiliate Bittrex Global GmbH for operating an unregistered national securities exchange, broker, and clearing agency.
According...
USDC Issuer Circle Exec to Testify at US Congressional Hearing on Stablecoins
17.4.2023
Circle, the US company behind the popular stablecoin USDC, is set to testify in a Congress hearing on Wednesday about stablecoin regulation in the US.
In the hearing, titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation,” Circle’s Chief Strategy Officer Dante Disparte...
US Congressman Declares Plan to Fire SEC Chair Gary Gensler for Crypto Overreach – Here's the Latest
17.4.2023
Republican Congressman Warren Davidson has introduced legislation with an aim to remove Securities and Exchange Commission (SEC) Chair Gary Gensler from his role.
The legislation was announced by Davidson via Twitter this weekend, and came in response to proposed rules by the SEC that would...
Brazilian Supermarket Bomber ‘Demanded BTC Ransom’
14.4.2023
A Brazilian barber has admitted to blowing up a supermarket and trying to blackmail its owner into paying a Bitcoin (BTC) ransom.
In an official police release, officers explained that the man demanded a BTC payment of just under $61,000.
The man, described as a 33-year-old barber with...
Crypto Holders Face Tricky Tax Situations as US Taxes Due Next Week – Here's What You Need to Know
14.4.2023
Crypto investors in the US are finding themselves in tricky tax situations, with many of them still struggling with losses from last year’s market downturn and the many bankruptcies that occurred....
Read More: Crypto Holders Face Tricky Tax Situations as US Taxes Due Next Week – Here's What...
DIA’s Oracle suite accessible on the zkSync Era testnet
14.4.2023
DIA’s Oracle suite presently happens to be accessible on zkSync. It comes with customizable price feeds, along with randomness, as well as NFT collections and a lot more. There will also be over three thousand tokens, as well as more than eighteen thousand NFT collections, all for the ultimate...
INTMAX manages to obtain $5M through the seed round
14.4.2023
INTMAX happens to have successfully obtained for itself an amount, to the tune of $5 million, through a seed round. This amount will now duly be utilized for the creation of a stateless zkRollup. The entity happens to be in the process of building an upgradable zkRollup and which will happen to...
Twitter and eToro Partner for Stock and Crypto Trading as Musk Drives Finance Integration
13.4.2023
Twitter and the trading platform eToro have teamed up to allow social media users to buy and sell crypto, stocks and other financial assets.
News about the new partnership was first reported by CNBC on Thursday, with the article saying that Twitter will give its users access to price charts on...
EU's MiCA Law Nears Final Vote, Raising High Hopes for Crypto Regulation
13.4.2023
The EU’s new regulatory framework for crypto known as MiCA is expected to be debated in the European Parliament on Tuesday or Wednesday next week, with a final vote expected to follow one day later.
The new regulatory framework covers a wide range of issues within the crypto sector, including...
Mysterious FTX Co-Founder Gary Wang Cooperates with Prosecutors: Inside the Failed Crypto Empire
12.4.2023
The little-known FTX co-founder Gary Wang is reportedly cooperating with prosecutors after pleading guilty to fraud in December.
The cooperation between Wang and prosecutors has been centered around his role at FTX, including his role in the operation and subsequent collapse of the major crypto...