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The Bitcoin Mining Debate Is Ignoring the People Most Affected
23.5.2023
Environmentalists and anti-mining lawmakers debating bitcoin mining facility Greenidge Generation’s impact use rhetorically persuasive arguments that aren’t backed by reality. But so do the bitcoiners supporting the powerplant-turned-mining facility. And the debate does not solve the very real...
Binance Blasts 'Desperate' Reuters Report It Commingled Customer and Company Funds
23.5.2023
"We’ve addressed this on multiple occasions. We keep our user and corporate funds on completely separate ledgers," Patrick Hillmann, Binance's chief communications officer tweeted on Tuesday
EU Banks Could Access Stablecoins More Easily Under Leaked Plans
23.5.2023
The European Commission's plans could moderate a push from Parliament to discourage crypto holdings as it debates new capital requirements for banks
U.S. is 'Losing' the Bitcoin Movement: Cathie Wood
23.5.2023
Cathie Wood also referenced last year's dramatic collapse of crypto exchange FTX, saying it "proved the concept" of bitcoin
U.S. Treasury Sanctions North Korean-Owned Binance Wallets; Says Entities Used Funds to Support WMD Programs
23.5.2023
The Binance-hosted wallets received more than $2 million worth of various cryptocurrencies that were then sent on to North Korean entities, OFAC alleged
Come In And Register? These Firms Say They Found an SEC-Friendly Crypto Path
23.5.2023
The beginnings of a fully compliant U.S. crypto infrastructure may be forming on the industry’s fringes as a watchdog backed by the Securities and Exchange Commission (SEC) quietly issues significant approvals for companies trying to stick to the securities rulebook
South Korea's Ruling Party Calls to Expedite Bill on Lawmakers' Crypto Disclosures: Report
23.5.2023
The leader of South Korea's ruling People Power Party wants a new bill requiring lawmakers and high-level government officials to declare their cryptocurrency-related assets to be implemented within two months
Hong Kong Securities Regulator to Accept License Applications for Crypto Exchanges Starting June 1
23.5.2023
The Securities and Futures Commission's guidelines explicitly ban crypto gifts to incentivize retail investments, which likely includes airdrops
International Securities Regulator IOSCO Proposes Policy Recommendations for Crypto
23.5.2023
The consultation period closes on July 31
Core Scientific Hopes to Emerge from Bankruptcy by September, Lawyers Say
23.5.2023
Core Scientific should “trim” its restructuring timeline by “at least [one] month,” the federal judge overseeing the crypto miner's bankruptcy said during a Monday hearing as creditors called for the insolvent crypto miner to fast-track its plans to emerge from Chapter 11 bankruptcy
Crypto Lender BlockFi Ordered to Withdraw Unapproved Reorganization Plan Shared 'Prematurely'
22.5.2023
The bankrupt estate was ordered to issue a corrective letter clarifying its May 13 disclosure statement was not approved by court
UK Will Need New Laws to Accommodate Future Digital Pound, Lawyers Say
22.5.2023
Should the country decide to issue a digital pound, existing data protection, security and anti-money laundering rules would need amending, said Louise Abbott, partner at U.K.-based Keystone Law
Russia ‘Actively’ Working on SWIFT Alternatives, Foreign Ministry Official Says
22.5.2023
The Russian Federation is collaborating with partners to link payment systems alternative to the interbank messaging system SWIFT, a representative of the country’s Ministry of Foreign Affairs announced. The work is part of the de-dollarization of the economy, the official indicated. Russia Seeking...
Malaysia Says Crypto Exchange Huobi Global Isn't Registered, Must Cease Operations
22.5.2023
The country's regulator told CEO Leon Li to ensure the website and mobile apps are disabled
U.S. Sanctions Watchdog Alleges Russia-Linked Crypto Wallet Processed $5M
19.5.2023
An Irish national helped wealthy Russians evade sanctions and hide money in UAE, OFAC alleged Friday
Coinbase Praises Canada’s Crypto Approach as U.S. Regulatory Pressure Intensifies
19.5.2023
NY Fed, Singapore Regulator Verify CBDC Interoperability, Payment Speeds in Latest Test
19.5.2023
Central bank digital currency (CBDC) systems operating on different types of networks can be used for cross-border and cross-currency payments, a new report published by researchers with the New York Federal Reserve and Monetary Authority of Singapore late Thursday said
Rate Hikes Affecting Housing Markets in Eurozone, United States, ECB Study Shows
19.5.2023
Interest rate hikes in the euro area are already causing a decline in housing investment, the zone’s central bank revealed in a study. While smaller than in the United States, the impact of the monetary policy tightening on the Old Continent is likely to grow further, the regulator expects. Housing...
Coin Cafe Ordered By New York AG to Pay Back $4.3M in Fraudulent Fees
18.5.2023
Brooklyn-based crypto trading platform Coin Cafe is paying back $4.3 million to defrauded investors, according to a Thursday statement from the New York Attorney General’s office, which accused the company of misleading customers about “exorbitant and undisclosed” fees
Pakistan Announces Fresh Ban on Crypto, but Adoption as a Hedge Remains Popular
18.5.2023
Pakistan's government has hardened its stance against cryptocurrencies, with Minister of State for Finance and Revenue Aisha Ghaus Pasha saying they will “never be legalized in Pakistan.”