Tuesday, June 22, 2021

“Strong support” for crypto industry regulation at recent G7 meeting

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Ministers from the seven influential countries called for greater regulatory oversight and laws for cryptocurrencies as the market sees increased adoption from both institutional and retail crowds.Ministers support calls for...

US DoJ charges tax evading ICO superstar who spent $10m on private yacht

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The founder of a high-flying ICO was charged by authorities in the US yesterday on charges of a massive tax evasion scheme.DoJ charges Oyster Pearl founderAmir Bruno Elmaani, the founder...

US regulators say they “don’t want to inhibit” DeFi development

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US regulators are scratching their heads with regards to what to make of the multibillion emerging market, but there’s a positive sign for the space.DeFi is rising, the regulators are...

Incoming U.S. Senator defends Bitcoin and crypto in conversation with U.S. Treasury

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Over the past few weeks, the crypto industry has been ablaze with rumors of impending regulation on self-hosted Bitcoin, Ethereum, and altcoin addresses.The rumors began late last month when Brian...

Top Silicon Valley VC defends crypto amid proposal of controversial Treasury rule

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Yesterday, the U.S. Treasury’s FinCEN branch confirmed that it is working on cracking down on crimes enabled by Bitcoin and other cryptocurrencies.A to-be-published document from the Financial Crimes Enforcement Network...

XRP price plummets as Ripple slammed by U.S. SEC over $1.3b in illegal sales

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XRP holders in Asia woke up to a red morning as the US Securities and Exchange Commission officially filed a charge sheet against Ripple, one day after CEO Brad Garlinghouse leaked...

Cardano founder says XRP “not a security,” but there’s a catch

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The CEO of IOHK said XRP remains clean—as of today in its current form—from the SEC despite troubles mounting for Ripple, its issuing company.XRP’s controversial pastIn an ask-me-anything session on...

Here’s why stablecoins like USDC going ‘legal’ is bullish for DeFi

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A landmark announcement for USDC. Unending social euphoria. Observers calling it bullish for DeFi. But what’s the whole deal really aboutThe day the US government supported cryptoMonday saw one of...

Here’s why the UK financial regulator said crypto investors can “lose all their money”

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The regulator issued the warning shortly after crypto markets took a hit on Monday.No getting rich quickU.K.’s Financial Conduct Authority (FCA) warned on Monday that investments and lending products related...

Is Gary Gensler’s appointment as head of the U.S. SEC good for Bitcoin?

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The incoming chairman is said to hold a favorable view of Bitcoin and other cryptocurrencies.Bad for Wall Street, Good for BitcoinGary Gensler will be named chair of the U.S. Securities...

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