Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), has been reprimanded by House Majority Whip Tom Emmer for the former’s incompetence in handling the crypto industry. The congressman commented that the actions of the SEC have forced crypto…
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SEC Chair to be Removed by Legislation – Rep. Davidson
Representative Warren Davidson is planning to introduce legislation to remove the position of Chairman in the Securities Exchange Commission (SEC). He wants the position to be replaced by an executive director who reports to the board. This move is apparently…
These four factors are contributing to the current price of Bitcoin
Bitcoin printed the big green monthly candle of January with a crazy gain of 43%. Bitcoin recorded the highest monthly ROI after 14 months and 49% YTD. A lot of factors participated in this rally and I will be covering…
New Italian Budget Law Imposes 26% Tax on Crypto Gains
Italy’s parliament has approved a new tax on cryptocurrency as part of the country’s budget law for 2023. Under the new law, cryptocurrency gains in excess of 2000 euros will be subject to a 26% tax rate during the tax…
FTX’s Sam Bankman-Fried Finally Extradited to the US to Face Criminal Charges
A plane carrying Sam Bankman-Fried, the former CEO of FTX, has arrived in the United States from the Bahamas, where he is facing fraud charges related to the collapse of the crypto exchange, which wiped out billions in valuations. Wednesday…
BlockFi Petitions the U.S. Bankruptcy Court to Let Clients Withdraw From Blocked Accounts
BlockFi, the bankrupt cryptocurrency lender, has petitioned the United States Bankruptcy Court to allow clients to withdraw cryptocurrencies held in their BlockFi Wallet Accounts. Step Closer to Client Refunds This request has no effect on withdrawals or transfers from BlockFi…
Democrats Want to Return Over $1 million of SBF’s Donations to FTX Victims
Three well-known Democratic organizations have resolved to return over $1 million to investors who lost their money as a result of misappropriation following the arrest of former FTX CEO Sam Bankman-Fried (SBF). FTX’s Campaign Contributions After the businessman was charged…
Kazakhstan’s Central Bank In Push For a Phased CBDC Rollout between 2023-25
Kazakhstan, the world’s third-largest Bitcoin mining hub after the United States and China, is launching its own Central Bank Digital Currency (CBDC) the digital tenge. The National Bank of Kazakhstan revealed this after the second phase of testing was finished.…
Nigerians Love Crypto But Not their Country’s CBDC
Nigeria’s central bank digital currency (CBDC) is not being well received by the country’s knowledgeable crypto community. Only 0.5% Use the eNaira A year after its introduction, the government-issued digital currency, the eNaira, is only being used by less than…
US State Department Calls Out Sorry State of Bahamian Jail Holding SBF
Former FTX CEO Sam Bankman-Fried might spend up to two months in the country’s Fox Hill Prison after being denied bail in a Bahamas Magistrate Court. This facility has a history of physical abuse against inmates and is known for…