The EU’s new cryptocurrency rules, known as MiCA, are set to kick in by the end of the year. However, several countries are still lagging in adapting their local laws to meet these regulations. However, the concern is much bigger the forced deadline can disrupt the global crypto markets most specifically targeting Stablecoins. We bring …
Since the US political scenario shifted in the favour of cryptocurrencies on November 5, when pro-crypto candidate Donald Trump won the presidential election against Kamala Harris, who represented a crypto-skeptic regime, global economic powers have been slowly changing their attitude towards the crypto sector, particularly in support of the futuristic idea of establishing a Bitcoin …
Popular cryptocurrency exchange Gate.io has now been blocked by the Indian Government which is shutting down trading for Indian users. This move has been made at a time when there is increasing regulatory attention to the functioning of crypto firms in the country. Concerning the transfer and other ongoing transactions users have raised their concerns. …
Senate Democrats are aiming to fast-track the reconfirmation of SEC Commissioner Caroline Crenshaw this week, but experts and industry advocates are urging the Senate Banking Committee to reconsider. Many argue that Crenshaw, who has been a staunch ally of anti-crypto SEC Chair Gary Gensler, should not be re-nominated due to her track record of opposing …
In a recent interview with Fox Business, SEC Commissioner Hester Peirce, often referred to as “Crypto Mom,” highlighted the need for regulatory clarity in the cryptocurrency industry. Eleanor Terret posted on X that she addressed concerns around “Operation Chokepoint 2.0,” a term used to describe the ongoing regulatory crackdowns, and laid out a vision for …
Ripple CEO Brad Garlinghouse recently appeared on CBS’s “60 Minutes.” However, the segment became more interesting when former SEC official John Reed Stark, a known crypto skeptic and supporter of SEC Chairman Gary Gensler, appeared to present opposing views on crypto’s utility, regulation, and XRP’s classification. The segment disappointed many in the crypto community, with …
The Czech Republic has made the news headlines with its new crypto announcements. They have rolled out some new laws that could change everything for crypto related businesses there. Let’s explore what new things they are going to implement in the country now. Crypto Firms Finally Get a Break Till now it was very challenging …
President-elect Donald Trump has selected Paul Atkins, former commissioner of the US Securities and Exchange Commission (SEC), to lead the agency. Atkins, who served under President George W. Bush, will replace outgoing SEC Chair Gary Gensler. After this big announcement, the financial community has been buzzing about the SEC’s alleged settlement offer to Ripple Labs …
Ripple CEO Brad Garlinghouse appeared in an interview on 60 Minutes, airing on December 8, 2024, where he discussed the company’s ongoing legal fight with the U.S. Securities and Exchange Commission (SEC). Garlinghouse criticized the SEC’s approach, stating that it was a key reason why Ripple and two other companies formed the industry super PAC, …
President-elect Trump recently announced that Paul Atkins will be the new SEC Chair, taking over from the current chair, Gary Gensler, who is set to step down in January. This news has generated significant attention, as many believe Atkins will foster a more crypto-friendly environment. One of the key cases being closely followed is the …
Bill Dudley, the former president of the Federal Reserve Bank of New York and current chair of the Bretton Woods Committee, has dismissed the idea of Bitcoin (BTC) becoming a government reserve currency. In a Dec. 6 Bloomberg op-ed, Dudley argued that such a move offers no significant advantages and primarily benefits existing Bitcoin holders, …
The Senate Banking Committee is gearing up for a crucial vote next Wednesday that could decide the future of Caroline Crenshaw, a Democrat and one of the five commissioners at the SEC (Securities and Exchange Commission). If approved, Crenshaw will stay on the commission until 2029, continuing her support for SEC Chair Gary Gensler’s policies. …
In a latest X post, FOX Business journalist, Eleanor Terrett shared that Coinbase has released the 23 so-called “pause letters” they received from the FDICgov as a result of suing the agency to get access to documents relating to what the crypto industry has dubbed “Operation Chokepoint 2.0.” Notably, the name refers to what many …
Bitcoin has recently surged past $100,000 following Donald Trump‘s election victory. Amidst broader market sentiments, the crypto community eagerly anticipates that Trump administration will prove to be pro-crypto and will stand behind his promise of a strategic BTC reserve for the United States. Advocates believe it could serve as a hedge against inflation and a …
Gary Gensler, the controversial head of the U.S. Securities and Exchange Commission (SEC), will step down on January 20, 2025, as announced by the agency recently. Gensler, who was widely criticized by crypto investors during his tenure, will leave just days before a major decision in the SEC’s ongoing legal battle with Ripple, set for …
Australia’s financial intelligence unit, AUSTRAC, has launched a new task force to target cryptocurrency ATM providers suspected of violating anti-money laundering (AML) regulations. Brendan Thomas, AUSTRAC CEO, highlighted the risks posed by the fast and accessible nature of crypto transactions, which criminals may exploit for money laundering. The task force will ensure ATM operators follow …
France is pushing a new rule to tax Bitcoin and other cryptocurrencies. The plan, introduced by Senator Sylvie Vermeillet, suggests classifying Bitcoin as an “unproductive” asset. If the value of your crypto gains goes over €800,000, you’ll have to pay taxes, even if you haven’t sold it. The idea is to treat Bitcoin like luxury …
Bitcoin (BTC) price surged beyond $100,000 yesterday, propelled by multiple positive developments throughout the year. The flagship cryptocurrency’s ascent has led Standard Chartered to predict that BTC could double in price to $200,000 by the end of 2025. Bitcoin Can Double In Price By 2025 End, Predicts Standard Chartered Bitcoin, the top digital asset with […]
David Sacks, the former PayPal COO, just landed a huge role: U.S. AI and Crypto Czar. It’s a big deal, and there’s no way around it. The job? To guide the country’s policy on two of the most important fields in tech right now—artificial intelligence and cryptocurrency. But can he actually pull it off? That’s …
The last few months have seen a series of significant developments in the cryptocurrency space, especially regarding Solana (SOL) and its potential ETF. There were key announcements like the Solana ETP in Canada and the launch of a $60 million Solana startup fund, followed by VanEck’s filing for a Solana ETF. The filing has sparked …
After Bitcoin reached the $100K milestone, Donald Trump made another huge appointment, this time in the AI and Tech sector. He named David Sacks, a tech heavyweight and former COO of PayPal, as his White House Artificial Intelligence (AI) and Cryptocurrency Czar. This announcement comes just a day after Trump selected Paul Atkins, a well-known …
On the day Republican leader Donald Trump, with a pro-crypto position, was named as the winner of the US presidential election, it became almost certain that crypto skeptic Gary Gensler would lose his job as the chair of the US Securities and Exchange Commission. Yesterday, as expected, the president-elect announced his plan to appoint renowned …
President-elect Trump has selected crypto supporter Paul Atkins to lead the SEC. This move is part of Trump’s broader goal to create a more crypto-friendly environment, a message that has been well received by the digital currency community. Atkins’ nomination is seen as a strategic choice to replace Gary Gensler, the current SEC chair, who …
The most anticipated question of who could be the next SEC Chair has finally come to an end, as President-elect Donald Trump in his latest Truth social post noted that he officially nominates Paul Atkins as the next SEC Chair. “I am delighted to announce the nomination of Paul Atkins to be the next Chairman …
Russian President Vladimir Putin has expressed his optimism for the bright future of Bitcoin (BTC) and digital assets. Putin spoke earlier today and highlighted the notable developments in the web3 space, which has the potential for future growth in the near term amid the escalating global geopolitical differences. The Russian president recently enacted a law …
Could a pro-crypto leader shape the future of U.S. crypto regulations? Fox Business Reports suggest Donald Trump’s team is considering some big names for the Commodity Futures Trading Commission (CFTC) chair—and they’re crypto-friendly! As of now, there are some grey areas in the US administration in terms of crypto, and to make it crypto-friendly we …
India’s GST department has found a massive ₹722.43 crore ($85M) tax evasion by Nest Services, a crypto exchange linked to Binance Group. In addition to this, 17 other crypto exchanges have been charged for evading GST, with a total amount of ₹824.14 crore. Big platforms like WazirX, CoinDCX, and CoinSwitch Kuber are also in the …
Australia is making big changes to its crypto rules. The Australian Securities and Investments Commission (ASIC) has proposed new licensing requirements, meaning crypto businesses will no longer be able to avoid following the rules. These changes could force many crypto firms to get licensed, but some fear it could push startups to leave the country. …
Following Gary Gensler’s departure announcement from the Securities and Exchange Commission (SEC), new reports claim that re-elected US president Donald Trump is set to unveil his pick for the new SEC chairman in the coming days. Related Reading: Spot XRP ETF Race Heats Up As WisdomTree Files S-1 Application With SEC A New Crypto Era […]
President-elect Donald Trump has chosen Paul Atkins, a pro-crypto figure, to chair the Securities and Exchange Commission (SEC), according to reports by Unchained. Current SEC Chair Gary Gensler announced he will step down on January 20 when Trump is inaugurated. Atkins, who served as an SEC commissioner under President George W. Bush, is well-respected in …