Any of the government's efforts to ban Bitcoin would be “foolish,” said Hester Peirce (aka “Crypto Mom”), a very Bitcoin-friendly commissioner at the U.S. Securities and Exchange Commission (SEC), during a MarketWatch virtual conference earlier this week. “I think we were past that point very early on because you’d have to shut...
UK-based Hongkong and Shanghai Banking Corporation (HSBC), one of the world’s biggest banks by assets under management, has reportedly banned customers from trading the stock of business analytics firm MicroStrategy due to its links to Bitcoin, as per a leaked email circulating on social media. HSBC...
Larry Cermak, director of research at The Block, discusses the upcoming Coinbase direct listing in light of the exchange’s recently released Q1 revenue hitting an impressive $1.8 billion. In this episode, Larry talks about: significant takeaways from Coinbase’s Q1 results (1:04)...
Cardano's strategy in Africa could face a setback following the intensification of civil war in Ethiopia. There's even wide speculation that Charles Hoskinson's cryptic messages about birds landing refer to closing an Ethiopian government contract. But, if "birds landing" refers to Ethiopia, is now...
A Korean crypto company had ambitious plans to launch a Bitcoin exchange- traded fund (ETF) in the crypto-frenzied...
Four institutions with significant stakes in the success of Bitcoin launched a trade group to lobby policymakers for favorable regulation.Fidelity, Square, Coinbase and investment firm Paradigm are joining together to form a new council to lobby policy makers to support the burgeoning Bitcoin and...
Nexo, a leading token exchange and lending platform, has commented publicly on issues surrounding the SEC lawsuit against Ripple, and its decision to suspend XRP positions in its exchange, as well as temporary credit lines, and repayments. Like many companies in the cryptocurrency space, Nexo opted to drop XRP from its product offerings in late [...] The post Nexo Comments on Move to...
Reading Time: 2 minutes A Grayscale Bitcoin ETF could be on the cards after the company confirmed a commitment to converting their Bitcoin fund to an ETF Grayscale said in a blog post that a Bitcoin ETF was always the ultimate end goal for the GBTC Trust Grayscale...
The Central Bank of Argentina is asking local banks to scrutinize clients that hold Bitcoin and other cryptocurrencies and engage in business or trading activities using the assets, local news reports...
As the race for the title of America’s first Bitcoin exchange-traded fund (ETF) rages on, digital assets investment giant Grayscale today revealed that...
Shortly after getting a court authorization to obtain records of cryptocurrency exchange Circle’s customers, the US Internal Revenue Service (IRS) is now seeking to get access to similar data from trading platform Kraken. “Those who transact with cryptocurrency must meet their tax obligations like any...
Former US Securities and Exchange Commission (SEC) chairman Jay Clayton has suggested that Bitcoin and other cryptocurrencies will definitely be more regulated in the future. “I expect that regulation will come in this area both directly and indirectly,” he said during an interview with...
Dave Jevans, CEO of Cipher Trace, talks about what the new draft guidance from the FATF (Financial Action Task Force) means for DeFi, NFTs, and crypto in general. In this show, he breaks down: the six main areas the draft guidance covers, including the expansion of KYC regulatory standards into DeFi (1:07)...
Reading Time: 2 minutes The FCA has more than doubled the number of companies who need to file financial crime reports every year The expansion of the REP- CRIM now includes cryptocurrency exchange providers and custodian wallet providers The move comes as part of the...
“Let’s be realistic about it, will in my view take another four years, maybe a little more,” said Christine Lagarde.
Cryptocurrency exchange Coinbase announced today that it hired Brett Redfearn, ex-director of SEC’s trading and markets division, to run its capital markets arm. These recent regulatory...
The scope of the reporting obligations covers both trading platforms and custodial wallet providers.
Reading Time: 2 minutes A group of Indian crypto companies have penned a letter to the country’s finance decision-makers with regard to crypto regulation The government’s hardline stance has been a blow to the Indian crypto industry, with an outright ban mooted The...
After being rejected initially, the group of XRP holders led by lawyer John Deaton has ultimately been allowed to file a motion to intervene in the ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple Labs, according to a court order published yesterday. “The Court has reviewed...
Months after the start of the Ripple saga, the Securities and Exchange Commission (SEC) has sued blockchain-based platform LBRY, creating fears of further risk for the cryptocurrency industry. The SEC filed a complaint against LBRY in the District Court of New Jersey on March 29th for, “failure to register an offering of securities pursuant to [...] The post LBRY Under Fire: SEC Sues...
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