Over the past decade, Lithuania has emerged as a prominent hub for financial-technology startups, particularly in the field of cryptocurrencies. However, the country is now poised to undergo a significant transformation as it prepares to award licenses to crypto companies…
Joe Biden’s Latest Budget Targets Crypto Mining Tax and Increased Regulations for Digital Asset
U.S. President Joe Biden has recently unveiled his proposed budget for the upcoming fiscal year, which includes several key provisions aimed at regulating the cryptocurrency industry and generating significant tax revenue. These measures, if implemented, could have far-reaching implications for…
Supreme Court of India Asks Union Government’s Input on Crypto
The union government informed the Supreme Court on January 20 that they had not yet decided on a framework for regulating cryptocurrencies and thoroughly investigating any offenses associated with them. The bail request of Ganesh Shiv Kumar Sagar, who was…
Ripple CEO Brad Garlinghouse on Crypto Clarity, Regulatory Landscape, and Market Optimism in 2024
In a recent interview, Ripple CEO Brad Garlinghouse shared his insights on the crypto regulatory landscape in 2024. So, addressing concerns about the SEC’s stance post-Bitcoin ETF approval. Garlinghouse expressed skepticism, stating, “Gary Gensler is doing the same thing over…
KuCoin Settles for $5.3 Million, IRS Demands $24B from FTX, and Former CFTC Chair Calls for Crypto Regulation Clarity
Explore significant legal settlements, the IRS’s pursuit of FTX, and Muneeb Ali’s perspective on the future of Bitcoin in this concise overview. This article from CNBC Television delves beyond market analysis, offering insights into the evolving narrative and developer culture…
Regulation on the Horizon: UK Takes Steps in the Crypto Industry
Key Highlights The United Kingdom (UK) is on a definitive path to regulate the ever-expanding crypto industry, as it recently confirmed its intentions to introduce formal legislation for crypto activities by 2024. This announcement follows a response to a consultation…
Hong Kong Strengthens Crypto Regulation: An Overview of Recent Changes
The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have jointly issued a significant circular aimed at providing clarity on the rules governing companies offering services related to virtual assets. The circular specifically addresses the classification…
EFTA(Electronic Fund Transfer Act) Application By US: Bringing Revolution to the Crypto World
EFTA Bringing Regulatory Evolution In a potentially game-changing perspective, SDNY Judge Denise Cote suggests that cryptocurrencies might be best understood within the “funds” category. This reinterpretation could encompass cryptocurrency platforms under the protective umbrella of the EFTA (Electronic Fund Transfer…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed to steal a staggering $125 million from Poloniex’s hot wallets in November. The audacious heist, which exploited vulnerabilities in the popular exchange’s security systems, showcased…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
