The post Crypto News Today: US House to Vote on Overturning Biden’s Veto of SAB 121 appeared first on Coinpedia Fintech News
A big crypto turnover is coming next week! The U.S. House of Representatives may vote next week on whether to overturn President Biden’s veto of Staff Accounting Bulletin 121 (SAB 121). SAB 121 is a proposed rule that requires companies reporting to the SEC to include their cryptocurrency holdings on their balance sheets as per …
Hawaii’s regulator announced the official end of the Digital Currency Innovation Lab (DCIL) on June 30. The DCIL concluded that crypto firms no longer needed a Money Transmitter License (MTL) to operate in the state. Related Reading: Coinbase CLO Accuses SEC Of Continued Stonewalling, As Legal Battle Intensifies Hawaii Crypto Firms No Longer Need MTL […]
The post Vitalik Buterin Calls for Balanced Crypto Regulation Amidst “Anarcho-Tyranny” Concerns appeared first on Coinpedia Fintech News
Ethereum co-founder Vitalik Buterin has sharply criticized the current state of cryptocurrency regulation in the United States, describing it as “Anarcho-Tyranny.” As per his view, this paradoxical approach stifles genuine innovation while allowing worthless projects to thrive. His statement comes amid increasing crypto regulatory actions by the SEC, sparking a debate on the future of …
Nigerian data and policy analyst Obinna Uzoije noted that a unified regulatory framework for all ECOWAS member states would offer potential crypto investors much-needed clarity.
The post Nigerian Official Suggests Blockchain, AI against Illicit Financial Flows appeared first on Coinpedia Fintech News
To address the Illicit Financial Flows in Africa, the chairman of Nigeria’s Economic and Financial Crimes Commission, Olukoyede Olanipekun has underlined tools like blockchain technology and artificial intelligence. Olukoyede emphasized the $88.6 billion lost annually in African countries due to IFFs at the Pan-African Conference on Illicit Financial Flows and Taxation. The financial watchdog chair …
The U.S. SEC claims Consensys has been operating as an unregistered broker through MetaMask.
The post Presidential Debate 2024 Live Updates: Donald Trump Leads The Speaking Time Halfway Through, Joe Biden Stumbles appeared first on Coinpedia Fintech News
President Joe Biden and former President Donald Trump took the stage in Atlanta on the debate floor. At the beginning of the debate, Biden waved at Trump and then launched into a critique of Trump’s presidency in response to a question about inflation. Biden argued that Trump was a terrible president, mentioning in his usual …
The post US Rep French Hill Voices Immediate Humanitarian Aid For Gambaryan appeared first on Coinpedia Fintech News
The US representative French Hill with Chrissy Houlahan visited US citizen Tigran Gambaryan in Kuje Prison in Nigeria and found him suffering from the conditions there, being denied access to adequate medical condition. Although Nigeria has dropped tax evasion charges against Tigran, the US representative feels that he’s being wrongfully detained on charges related to …
The post Argentinian President Javier Milei Backs Bitcoin: A Solution for Economic Woes? appeared first on Coinpedia Fintech News
Argentinian President Javier Milei has supported the crypto sector, particularly Bitcoin, proposing it as a key solution to the country’s economic troubles. With his recent post on X, Milei has ignited a discussion on the potential role of Bitcoin in Argentina’s future. Here is a closer look at how Bitcoin might shape Argentina’s economy. …
The post Crypto Regulations in India 2024 appeared first on Coinpedia Fintech News
In the case of virtual currencies, India has not enacted any special legislation. However, with its increasing popularity, crypto has aligned with various government statutes like the Companies Act, 2013, necessitating the reporting of virtual digital assets (VDAs). It has also touched the broadened scope of the Prevention of Money Laundering Act, 2002, by including …
The US presidential candidates are looking for crypto voters’ support as the elections approach. The Biden administration recently took a 180-degree turn on its stance on digital assets. This change of gears was seemingly fueled by Republican Candidate Donald Trump’s endorsement of digital assets during his campaign. Related Reading: Cryptocurrency Gains Momentum Among Democrats: Ex-Rep […]
The post Polynet Traders Favor Trump with a 56% Chance of Victory in 2024 appeared first on Coinpedia Fintech News
The traders on Polynet give Trump a 56% chance of victory, with a 21-point lead over Biden in the upcoming 2024 elections. Polymarket users, being crypto enthusiasts, might be biased towards Trump, with analysts suggesting that Polymarket’s sentiments are driven by Trump’s pro-crypto stance. Meanwhile, on the more traditional prediction market PredictIt, Trump leads Biden …
The post NY AG Sues Crypto Companies for Alleged $1 Billion Investor Scam appeared first on Coinpedia Fintech News
The New York attorney general has sued two companies and their promoters for allegedly defrauding investors of more than $1 billion. AWS Mining, which promised a 200% guaranteed return, collapsed in April 2019. This was followed by a second, larger fraud involving NovaTech. Investors deposited over $1 billion worth of cryptocurrency with NovaTech from August …
The outcome of the elections will be a pivotal moment for the implementation of the MiCA regulatory framework and the approval of the first spot Ether ETF.
The post Hong Kong Orders Immediate Shutdown of Unlicensed Crypto Exchanges appeared first on Coinpedia Fintech News
Hong Kong has taken a hard stance against unlicensed cryptocurrency exchanges, issuing a directive for immediate shutdowns. The Securities and Futures Commission (SFC) of Hong Kong has disclosed that eleven platforms, including HKbitEX, PantherTrade, Accumulus, DFX Labs, Bixincom, xWhale, YAX, Bullish, Crypto.com, WhaleFin, and Matrixport HK, are now deemed-to-be-licensed applicants. Only Crypto.com has secured approval …
The post Breaking! Binance Ex-CEO Changpeng Zhao Imprisoned in California appeared first on Coinpedia Fintech News
As per CNBC Reports, Binance Ex-CEO Changpeng Zhao has been imprisoned in Lompoc, California. The News was confirmed by his defense team at Latham & Watkins. In April, the United States federal court in Seattle sentenced Changpeng Zhao to four months after he pleaded guilty to violating money laundering laws. The former CEO of Binance …
Hong Kong’s Securities and Futures Commission (SFC) has recently announced it will conduct in-site office inspections for the crypto platforms seeking licensing. The watchdog highlighted that the 18 “deemed-to-be-licensed” applicants would have to undergo the examination to receive approval of their application. Related Reading: ‘Play By The Rules’: New York Attorney General Issues New Warning […]
Former US President and Republican Presidential candidate Donald Trump has pledged to support cryptocurrency companies if re-elected. This announcement comes as the American billionaire challenges incumbent President Joe Biden, whose administration seems to be reversing its stance on crypto policy. With the US Presidential elections nearing later this year, the contrasting approaches to cryptocurrency regulation […]
The post SEC vs Terraform Labs: Montenegro Appeals Court Halts Do Kwon’s Extradition for Retrial appeared first on Coinpedia Fintech News
The Montenegro Appeals Court has halted Do Kwon’s extradition to South Korea, calling for a retrial in the initial court. This move contradicts the previous High Court ruling. Interestingly, this decision follows a meeting between Montenegro’s Justice Minister and the SEC’s Director of Enforcement, raising questions about potential influences on the legal proceedings. Do Kwon’s …
A U.S. federal judge sided with the SEC, finding that Ian Balina broke securities laws by participating in a 2018 crypto token ICO.
Eleanor Terrett revealed that the SEC had started discussions with Ethereum ETF issuers regarding S-1 forms on May 22.
The post FIT21 Bill’s Senate Journey: What It Means for XRP’s Decentralized Status appeared first on Coinpedia Fintech News
As the FIT21 Bill moves to the Senate after garnering overwhelming bipartisan support in the House, many wonder how this legislation would, or even could, affect the classification and regulation of XRP, particularly on issues of its decentralized status. Bill Morgan’s Take on XRP and the FIT21 Bill As the crypto community celebrates the successful …
Prometheum’s willingness to play along with the SEC’s ambitions for crypto regulation has stirred disapproval in many quarters.
The post U.S. Biden Administration Seeks Revisions to FIT 21 Bill for Better Consumer Protection, Says It Won’t Veto appeared first on Coinpedia Fintech News
The Biden administration has officially stated its opposition to the Financial Innovation Transparency (FIT) 21 bill in its present form, citing significant concerns over the lack of adequate protections for consumers and investors. Despite this opposition, the administration has expressed a willingness to collaborate with Congress to achieve a more balanced and comprehensive regulatory framework …
The post London Stock Exchange Welcomes WisdomTree’s Cryptocurrency ETPs appeared first on Coinpedia Fintech News
Crypto bulls have just gotten yet another reason to remain on top. The London Stock Exchange (LSE) is set to welcome newcomers as WisdomTree secures approval from the Financial Conduct Authority (FCA) to list its novel cryptocurrency exchange-traded products (ETPs). Starting May 28, the WisdomTree Physical Bitcoin (BTCW) and Physical Ethereum (ETHW) ETPs will commence …
Countries worldwide contributed heavily to the month-on-month increase in Bitcoin ATMs throughout 2024, collectively coming close to reclaiming the 38,000 mark.
The post Kraken Considers Delisting Tether Amid New European Regulations appeared first on Coinpedia Fintech News
Kraken is reviewing its Tether (USDT) listing in Europe due to new MiCA regulations. The exchange's final decision hinges on regulatory clarity, sparking questions about Tether's future.
The post Federal Reserve Abolition Act: Could This Spark a Cryptocurrency Boom? appeared first on Coinpedia Fintech News
On Thursday afternoon, Representative Thomas Massie, representing the 4th District of Kentucky, introduced H.R. 8421, the Federal Reserve Board Abolition Act, which aims to dismantle the Federal Reserve System. Massie blames the FED for the nation’s current inflation woes. If passed, can this proposal also significantly affect the current implications for the future of cryptocurrencies …
The post Crypto Regulations in Singapore 2024 appeared first on Coinpedia Fintech News
Singapore, as a country, has a high adoption rate of 11.05% owing to the tech-savviness of the population there. The pro-crypto stance upheld by Singapore is supporting the growth of cryptocurrency in the region. Singapore has been one of the early adopters of cryptocurrencies, thus the environment here is crypto-friendly with basic regulations in place. …
The post Tether and RAK DAO Join Forces to Boost Bitcoin and Stablecoin Education in UAE appeared first on Coinpedia Fintech News
Amid controversies and scams, Tether is all set to expand its wings. Tether Partners with RAK DAO to Promote Bitcoin and Stablecoin Education in Ras Al Khaimah. In 2024, the Middle East saw a significant rise in cryptocurrency adoption, with the average daily number of traders reaching 500,000, marking a 166% increase from the previous …