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Bank of England’s Cunliffe: Crypto Threat to Financial Stability ‘Getting Closer’ — Urges Regulators to Act Now
16.11.2021
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that cryptocurrency is getting closer to posing a threat to global financial stability due to the sector’s rapid growth. Crypto is also being integrated into the traditional financial system at...
Russia Fails to Act on Request to Help Freeze Millions in Crypto Withdrawn From Wex Wallet
14.11.2021
The Russian Ministry of Interior has rejected a request filed by clients of Wex to do its part in the blocking of crypto funds removed from a wallet controlled by the now-defunct crypto exchange. Over 10,000 ETH have been recently withdrawn from the wallet and transferred to other platforms....
Stablecoins report: SEC won’t lead regulation, Congress urged to act
3.11.2021
The SEC was denied a monopoly over the stablecoin sector, yet the risk of being designated “systemically important” persists
Powers On… Why US officials ignore ethics and STOCK Act by trading stocks?
28.10.2021
Federated E-Cash Can Act as Bitcoin Scaling Solution
27.10.2021
David Chaum first introduced the concept of E-cash in 1983. Since then, it has been considered as one of the cornerstones to promoting honest transactions. The Federation of E-Cash is an entity constituted by independent members who act as distributed custodians for the creation of a multi-sig...
‘An Act of War Against the Middle-Class’ — Americans Criticize Janet Yellen’s Idea to Tax ‘Unrealized Capital Gains’
25.10.2021
The 78th United States secretary of the treasury Janet Yellen told CNN’s “State of the Union” on Sunday that U.S. lawmakers are considering taxing unrealized capital gains. According to Yellen, the funds collected would help finance things related to climate and social change....
Gary Gensler Explains Why SEC Approves a Bitcoin Futures ETF
20.10.2021
SEC Chairman Gary Gensler has shared why the U.S. Securities and Exchange Commission (SEC) decided to approve a bitcoin futures exchange-traded fund (ETF) to trade on the NYSE. Meanwhile, the Commission has not approved a spot bitcoin ETF. Why SEC Approves Bitcoin Futures ETF As the first...
Banker Faces 10-year Jail Term after Borrowing Money in Mother’s Name to Buy Crypto
1.10.2021
aded guilty to violating the Act on the Aggravated Punishment of Specific Economic Crimes.The court heard that A has “illegally borrowed” over USD 2.3m worth of fiat KRW “in the name of his mother and other relatives” in a period from October 2019 to March 2020 while working in the loans depa
Cryptocurrency Derivatives Exchange Bitget to Sponsor Juventus as Its First-Ever Sleeve Partner
28.9.2021
Singapore-based cryptocurrency derivatives exchange Bitget announced a partnership with Juventus to become its sponsor. According to the agreement, Bitget will act as Juventus official partner and official cryptocurrency exchange partner, and also its first-ever sleeve partner. Established in 1897...
29 Crypto Exchanges Survive New Regulation in South Korea, 37 Exchanges Must Shut Down
28.9.2021
The deadline for crypto exchanges and service providers in South Korea to meet requirements to stay open under the new regulation has passed. Twenty-nine cryptocurrency exchanges met the deadline to continue operations but only four of them can offer trading in Korean won. New South Korean Crypto...
SEC Denies Freedom of Information Act Request Concerning Tether Documents
26.9.2021
On September 24, the staff writer for The New Republic, Jacob Silverman, tweeted about a Freedom of Information Act (FOIA) request he filed that was ultimately denied. On the social media platform, Silverman wrote that he got Securities and Exchange Commission (SEC) responses to his FOIA requests...
Twitch And Music Industry Strike A Deal, But It's Not Great
22.9.2021
Last year a music industry crackdown on streaming site Twitch resulted in copyright strikes and a mass deletion of videos, as the National Music Publishers’ Association (NMPA) sought to cut down on streamers playing licensed music. Twitch has now made a deal with the NMPA, but for streamers it’s...
Ground Reports Concerning Salvadoran Bitcoin Law Highlight False Narrative Painted by Influencers
15.9.2021
On Tuesday, Bitcoin.com News spoke with Marc Falzon, an individual who has been documenting the bitcoin rollout in El Salvador since the law was implemented on September 7. Falzon says that there are a number of issues that no one is talking about in regard to the bitcoin law and the Chivo wallet...
BIS Asks Central Banks to Urgently Develop CBDCs to Compete With Crypto Assets
12.9.2021
The head of the Bank of International Settlements (BIS) Innovation Hub, Benoît Cœuré, has urged central banks to act now on central bank digital currencies (CBDCs) to compete with initiatives in the private sector, including cryptocurrencies. “CBDCs will take years to...
Crypto Trading, Mining Are Illegal and Punishable, Nepal Central Bank Warns
10.9.2021
Mining and trading of cryptocurrencies are illegal in Nepal, the country’s central bank has reminded citizens of the Himalayan nation. The regulator also warned that participating in such activities would entail penalties as per the current legislation. Despite its position, however,...
South African Exchange Sets New Crypto Withdrawal Limits — Restrictions ‘a Deterrent for Illicit Actors’
9.9.2021
One of South Africa’s biggest cryptocurrency exchanges, Luno, has confirmed that it has started restricting withdrawals by clients. The exchange insists the limits are meant to “act as a deterrent for illicit actors moving large amounts of funds within the crypto ecosystem.”...
Crypto Exchange Binance Ceases Trading in Singapore Dollars to Comply With Regulations
6.9.2021
Cryptocurrency exchange Binance has announced that it will cease offering trading pairs and payment options in Singapore dollars to remain compliant with the country’s regulators. The announcement followed a notice issued by the Monetary Authority of Singapore (MAS) stating that Binance...
Why Halo Infinite’s Bots Act So Much Like People
18.8.2021
Last month, developer 343 Industries hosted a beta—fine, a “technical test”—for Halo Infinite’s competitive multiplayer mode. Those selected for participation were given a chance to test-drive one shaky server, three maps, and about a dozen-odd weapons for the long-anticipated first-person shooter...
Riot Is Still Delaying Harassment Investigation, California Alleges
17.8.2021
In addition to Activision Blizzard, California’s Department of Fair Employment and Housing has also been looking at Riot Games’ history of “unlawful workplace practices”, saying in a statement today that the League of Legends developer has once again delayed their investigations into harassment...
Kucoin Boss on Strategy After Hack: ‘We Chose to Act’
12.8.2021
Kucoin, one of the leading crypto exchanges, suffered a hacking incident in 2020 where over $250 million was stolen. However, immediately after the hacking was reported, Kucoin began cooperating with various players from the crypto industry. This cooperation ultimately led to the recovery of...