Tag: regulation

Oct 20 2021

Is this week’s price performance setting the stage for Bitcoin’s fabled Q4 rally?

Oct 20 2021 Published at CryptoSlate under tags  adoption btc regulation trading

Following the signaled approval of a futures ETF from ProShares, Bitcoin (BTC) entered this week above $60,000. And w...

Confusion Reigns Over NYAG DeFi Clampdown

Reading Time: 2 minutes Nexo and Celsius have been forced to deny that they received cease-and-desist letters from the NYAG The Attorney General sent letters to five DeFi companies, demanding information from three and that two stop serving New York The cease-and-desist...

Grayscale Begins Bitcoin ETF Transition

Reading Time: 2 minutes Grayscale has teamed up with NYSE Arca to file for a spot Bitcoin ETF Grayscale had announced in April that it was planning to convert its Grayscale Bitcoin Trust into an ETF The company sees the ProShares Bitcoin futures as a stepping stone to a...

Oct 19 2021

DeFi Platforms Targeted by New York Attorney General

Reading Time: 2 minutes New York Attorney General Laetitia Adams has begun targeting the DeFi sector Adams has taken steps to stop five DeFi lending platforms from operating in the New York area Such action will only increase a move towards DAO-based systems...

Former Congressman says the U.S needs to step up on crypto before its too late

Oct 19 2021 Published at CryptoSlate under tags  adoption regulation

Former Republican Congressman George Nethercutt Jr. lashes out at the current U.S administration over its dealings with the crypto sector. In an opinion piece published by independent political news site The Hill, Nethercutt Jr. highlights the deliberate shunning of cryptocurrencies. Saying that, in doing so, the U.S effectively gives...

Oct 16 2021

Why Steam Banned Crypto Transactions and NFT Games from Its Platform

Earlier today, video game developer Valve banned all NFTs and cryptocurrency related games from its Steam platform. Steam is one of the world’s largest video game platforms, featuring a catalogue of thousands of games alongside 25 million daily concurrent players. Steam Removes All Crypto...

Oct 15 2021

Australian authorities target crypto telegram groups to weed out ‘pump and dump’ schemes

Telegram groups that are used to pump and dump all financial products, including any crypto assets, would henceforth face the wrath of the Australian Securities and Investments Commission (ASIC), according to a...

What Is the Role of Investors in a Decentralized World?

Four investors talk about the decentralized web, explain how the crypto industry is improving upon Web 2, and discuss what can be done to increase diversity and financial inclusion within Web 3. Featuring Rik Willard, founder of Agentic Group, Thomas France, co-founder of Cygni Capital, Dylan Hixon, president of Arden Road Investments, and Nick Grossman,general partner at Union Square Ventures . Show highlights:...

Bank of England Deputy Governor Contradicts Own Report on Bitcoin

Reading Time: 2 minutes The deputy governor of the Bank of England has warned that Bitcoin could crash the global financial markets Sir Jon Cunliffe compared the cryptocurrency to the subprime mortgage market from 2007 His statements contradict a recent report by his...

The U.S. Government Does Not Respect Autonomy. Bitcoin Does.

The U.S. government wants to neglect the free will of the markets and Bitcoin is the only way to opt out.The below is a direct excerpt of Marty's Bent Issue #1094: "The kleptocrats have no respect for you, your privacy, or your 'autonomy.'" Sign up for the newsletter here....

Oct 14 2021

Estonia’s New AML Chief Wants Crypto License System Scrapped

Reading Time: 2 minutes Estonia’s new anti-money laundering chief has called for all remaining crypto licenses to be scrapped The controversial licenses were first issued in 2017 but have been linked to criminal activity Matis Mäeker says billions of euros is leaving...

How the U.S. became the world’s biggest Bitcoin mining hub

Oct 14 2021 Published at CryptoSlate under tags  btcusd mining regulation

China’s Bitcoin (BTC) crackdown drove the lucrative business out of the country and helped establish the US as the heart of the...

New IMF report calls crypto a ‘threat to global economy’

Oct 14 2021 Published at CryptoSlate under tags  adoption regulation stablecoins usdc usdt

The International Monetary Fund (IMF) has recently released its new Global Financial Stability Report, in which the entire chapter was dedicated to the discussion about financial stability challenges posed by the accelerating crypto adoption. The report...

Oct 13 2021

Estonian Financial Watchdog Calls to Revoke Crypto Businesses Licenses

Maeker was appointed to the role at the FIU in May and it's known for its tough stance against money laundering.

Could Switzerland be the next country to constitutionalize Bitcoin?

Oct 13 2021 Published at CryptoSlate under tags  adoption btcusd regulation

Swiss non-profit think tank 2B4CH plans to launch a referendum proposal to have Bitcoin as part of Switzerland's Federal Constitution. Under Swiss law, "popular initiative" referendums are triggered upon reaching 100,000 signatures. 2B4CH is attempting to drum up support at the grassroots level to meet this...

Bitcoin drops $1,100 in minutes after Binance delists CNY pairings

Oct 13 2021 Published at CryptoSlate under tags  btcusd legal regulation trading

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....

Oct 12 2021

Crypto NFT unicorn Sorare hit by UK regulators over operating a ‘gambling’ platform

Oct 12 2021 Published at CryptoSlate under tags  analysis legal nfts regulation

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...

Bank of England: Crypto Impact on Economy “Currently Limited”

Reading Time: 2 minutes The Bank of England has stated that the crypto markets currently pose little risk to the country’s financial stability In a recent report, the bank says that regulations need to be adopted soon to ensure this low level of risk Bank of England...

Over 20 crypto firms leave China because of ban

Oct 12 2021 Published at CryptoSlate under tags  btcusd legal regulation

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...

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