In a significant development on the crypto front, the SEC recently approved a series of spot Bitcoin ETFs, with Coinbase serving as the custodian for many of these ETFs. Farar Shirzad, the Chief Policy Officer at Coinbase, shared insights on…
US Presidential Candidate Vivek Ramaswamy Voices on Crypto Regulation
Vivek Ramaswamy, US presidential candidate in discussions regarding federal crypto regulations, addressed critical aspects during an interaction hosted by the Coinbase-backed Stand with Crypto Alliance. He emphasized the need for a vibrant, innovative ecosystem while advocating for regulatory transparency and…
South Korean Regulators Exempt NFTs from Crypto asset Regulations
In a recent development, South Korean financial regulators have made a significant ruling regarding non-fungible tokens (NFTs) and their classification under existing cryptocurrency regulations. The Financial Services Commission (FSC), the country’s top regulatory body, has declared that NFTs will not…
The Crypto Industry Will Now be Centralized as Indian PM Calls for Worldwide Regulation at G20 Summit
The crypto industry is growing to become a huge force around the world. Apparently, many world leaders are now recognizing the impact of the crypto industry and are calling for regulations. One is the Indian PM, who recently called for…
Singapore among World’s First to Agree to Stablecoin Crypto Regulation
Making the dawn of new age, The Monetary Authority of Singapore (MAS) announced its rules for using and adapting a stablecoin cryptocurrency. Singapore is one of the earliest in setting the bar by finalizing stablecoin regulations. This stablecoin crypto regulation…
Congressman, Emmer & Congressman, Davidson Proposes Legislation to Dismiss Chair Gary Gensler Amid Crypto Controversy
In a significant development, Congressman Tom Emmer, along with Rep. Warren Davidson, has introduced the ‘SEC Stabilization Act’. This proposed legislation aims to restructure the Securities and Exchange Commission (SEC) and remove Gary Gensler from his position as Chair. The…
Currency Financial System doesn’t work for everyone – Coinbase CEO
Brian Armstrong, the co-founder and CEO of Coinbase, recently published an op-ed on CNBC titled “Offshoring Crypto Hurts the Financial System and America’s Geopolitical Standing”. In the op-ed, Armstrong raises the question of whether policymakers should enact real legislation in…
Voyager received more than 100M$ USDC from Coinbase in the past 3 days – Lookonchain
Voyager is selling its crypto assets thought Coinbase USDC as suggested by onchain data from Lookonchain. On July 5th, 2022, Voyager Digital Holdings, Inc. and two related debtors voluntarily submitted petitions for Chapter 11 bankruptcy protection under the U.S. Bankruptcy…
FTX Assets Frozen By Bahamas Regulator As The Crypto Exchange’s Woes Continue
As Sam Bankman-Fried raced to raise as much as $8 billion to save FTX, the Bahamas securities regulator froze the assets of a portion of his crypto empire and moved to appoint a liquidator for one of his firms. Bahamas…
Technology businesses lobby with Indian central bank to relax the India crypto ban
Reserve Bank of India, i.e., the central bank in India has consistently opposed cryptocurrencies. A lobbying effort on part of technology businesses in India is underway to relax the India crypto ban.
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
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,…
