Kraken CEO Jesse Powell took to Reddit this week to discuss the situation surrounding the dropping of Monero in the U.K. He implied it was a decision he didn't want to take, but with one eye on the "broader business" in the U.K, it was...
Speaking at the Cambridge University students union on Thursday, Bank of England Chief Andrew Bailey expressed worry for the citizens of El Salvador following the country's adoption of Bitcoin as legal tender. Bailey said the move to adopt Bitcoin within a dual currency system was...
Crypto scams are becoming increasingly hard to spot. With scammers using glossy websites and spoofed endorsements, even sharp investors can get caught out when trying to invest. Even if you haven’t been a victim, but you know about crime or fraud involving crypto, you should still report it as you could earn you a whistleblower award for doing so. Here are the six...
In an announcement made by the Authority of Combating Terror Finance and Money Laundering, a new set of regulations have been imposed in Israel to protect investors' stake in the crypto market. According to Authority director Schlomit Wegman, the application of the new set of laws will ensure that crypto and fintech industries maintain...
US senators Ron Wyden and Cynthia Lummis rush to tweak the controversial crypto provision, in an effort to narrow some of the new tax reporting rules outlined in the $1,2 trillion infrastructure bill President...
In an interview with Bloomberg TV, Paytm's Chief financial officer, Madhur Deora, has commented on the current cryptocurrency crisis in the country. Deora has stated that if the Indian authorities establish a robust crypto infrastructure in the nation without any regulatory pressure on it then the company might...
Chivo will be removing its scalping feature to curb growing speculative tendencies involving Bitcoin, it said in a tweet last night. “Scalping” would allow users to freeze Bitcoin prices for a minute allowing a small window for the users to compare prices on other exchanges before making a final purchase. Chivo took to Twitter to announce that the digital wallet will no longer...
Do Kwon and Terraform Labs (TFL), the South Korean company behind the blockchain project Terra (LUNA), are suing the US Securities and Exchange Commission (SEC), last week's filing...
Crypto-based betting application Polymarket is said to be facing an ongoing probe by the US Commodity Futures Trading Commission (CFTC), the country’s derivatives and futures markets regulator. A Bloomberg report states the CFTC has launched an investigation on the firm for...
Bitcoin dropped $1,000 this morning, from $56,300 to under $55,000, after crypto exchange Binance announced it would drop its Chinese Yen trade pairings for Mainland customers. “In response to the regulatory requirements of the local government, Binance C2C will delist the CNY trading zone at 24:00 (East Eighth District Time) on December 31, 2021,” said Binance in a post....
The U.K. Gambling Commission, the country’s premier gambling watchdog, has launched an investigation into cards trading platform Sorare, said a notification released Monday. The commission alleged Sorare...
The effect of China’s crypto ban on the country’s digital asset economy is profound as new statistics have revealed that at least 20 crypto-related firms have been forced to either suspend their services to Chinese users or close off their businesses entirely. Over 20 crypto firms close in China According to a report from...
US District Judge Analisa Torres ruled on Monday that a group of individuals who own XRP can offer their "meaningful perspective" in the US Securities and Exchange Commission's (SEC) case against...
The United States Securities and Exchange Commission is investigating crypto payments company Circle. This was revealed by the crypto firm via a regulatory filing that it received an “investigative subpoena” from the enforcement division of the SEC in July. Circle under SEC radar since July In the...
It appears centralized exchanges are the most affected in China’s new ban on crypto trading as another exchange, KuCoin, has advised its China’s mainland users to move their digital assets to another platform before the end of the year. Kucoin tells Chinese users to use other platforms KuCoin, which is one of the world’s largest crypto exchanges, made this known via a...
The apex bank of Nigeria has announced the postponement of the launch of the country’s CBDC project, eNaira. According to a local media report, the bank cited important events lined up in preparation for the country's 61st Independence anniversary....
On September 21, the US Treasury Department announced that it will sanction a crypto exchange for its role in facilitating financial transactions for ransomware actors. The cryptocurrency exchange SUEX, a...
The country has given licensed bitcoin miners the green light to come back online after a four-month ban.Iran has lifted its ban on bitcoin mining instituted in May, and licensed farms can come back online.The government sought to restrict energy usage during the summer's three months due to the high toll temperatures and air conditioning take on the country's power grid....
The COO of VC firm Thiel Capital and U.S Senate candidate Blake Masters wants to set up "Fort Nakamoto" - a "strategic reserve of Bitcoin," which he likened to Fort Knox and gold. This move was inspired by China's renewed crackdown on cryptocurrency last week, which led to further downturns across the market. Masters intends Fort Nakamoto to be an...
It is no longer news that China has declared all crypto-related trading illegal within its jurisdiction. However, Binance, the largest crypto exchange in the world by trading volume, has come out to say that the firm has had no business in...
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