The US Treasury, under a Trump administration, may bring reform to how courts handle crypto mixer-related incidents, following OFAC’s overreach in the Tornado Cash sentencing.
While the entire crypto market buzzed last week that all previous crypto cases may drop, the SEC has plan B in action. SEC drops a bombshell by appointing Jorge Tenreiro to Chief Litigation Counsel, a move that signals the agency’s commitment to strict crypto oversight. Recently Tenreiro has updated his profile as SEC’s Chief Litigation …
The crypto market is now betting heavily that the US Federal Reserve will cut interest rates by 0.25% in December. According to the CME FedWatch tool, the chances of this happening have risen to 74.5%, up from 66% just a few days ago. This means more and more investors believe the central bank will take …
Bitcoin’s push towards $100,000 has hit a roadblock, causing investors to rethink their strategies. While big buyers like MicroStrategy are still active, other cryptocurrencies are seeing more attention. The U.S. government’s recent transfer of nearly 20,000 Bitcoin to Coinbase has raised eyebrows, with many experts calling it a bad move, especially as Bitcoin’s global importance …
Following the historic victory of Donald Trump as the next POTUS last month, the mainstream adoption of Bitcoin (BTC) and digital assets has gained significant traction. The upcoming US president promised to launch a strategic national Bitcoin stockpile, which will add to the existing BTC holdings. The creation of a strategic Bitcoin reserve in the …
Donald Trump’s potential pick to replace Gary Gensler as SEC Chair may be announced soon. Reports suggest Trump’s team is considering Paul Atkins, a former commissioner known for his pro-crypto views and innovative approach. Atkins has a reputation for supporting cryptocurrency growth and regulatory clarity in the rapidly evolving digital asset space. If appointed, he …
It’s not every day you see a giant like Coinbase walk away from a booming market. Yet, that’s exactly what happened in Turkey. Coinbase, which had big plans for the country just three months ago, suddenly called it quits. So, what went wrong? The answer lies in Turkey’s increasingly tough stance on crypto regulation, and …
The cryptocurrency community is still in a frenzied state following the undisputed victory of pro-crypto US leaders led by President-elect Donald Trump. The Trump administration has promised a tone of goodies for the cryptocurrency industry due to the overwhelming support during last month’s election. Already, institutional investors’ confidence in the cryptocurrency industry has significantly surged …
In a latest development, the main opposition Democratic Party of Korea (DPK) agreed on Sunday to delay the controversial crypto tax for two years following investor backlash. The latest move pushes the tax’s implementation to 2027, marking a significant shift in the country’s stance on digital asset taxation, allowing the market additional time to adapt. …
In a recent development, President-elect Donald Trump has warned BRICS countries against any move to replace the US dollar and has sought a commitment from the nine-member group that includes India, Russia, China, and Brazil. The President-elect has asked these countries to promise not to create a new BRICS currency or support any other currency …
Former CFTC Chairman Chris Giancarlo has given a potential hint that the SEC might drop its high-profile legal battle against Ripple over XRP. In a Fox Business interview on Wednesday, Giancarlo suggested that the SEC might abandon its appeal against Ripple after a series of courtroom losses. Crypto Dad Claims SEC Will Drop The XRP …
Tonkeeper, a prominent non-custodial wallet for the TON blockchain, has partnered with global payment platform Mercuryo to launch an exclusive campaign for Indonesian users. Running from November 25 to December 15, the three-week initiative offers discounted transaction fees for users purchasing crypto via popular Indonesian payment methods, as per Tonkeeper’s latest press release. The campaign …
Taiwan has accelerated the introduction of its regulatory Anti-Money Laundering (AML) framework for crypto businesses. The new regulations, set to start nearly a month in advance, require Virtual Asset Service Providers (VASPs) to comply with the registration mandate to prevent stricter penalties. Related Reading: Crypto Sleuth Accuses Pro Fortnite Player Of Stealing $3.5 Million In […]
Right after the 60-minute interview, XRP is soaring in the market, surging by 13% in just one day, pushing its market cap to over $99 billion. This sudden rally has caught the attention of investors, who are now increasingly optimistic about the token’s future. With New Partnerships, IPO launch, ETFs, and Stablecoins all lined up …
Indonesia’s crypto market has soared in 2024, recording over $30 billion in transactions—a staggering 352% growth compared to 2023. The country now boasts 21 million traders, with 60% aged 18 to 30, solidifying its position as a global leader in crypto adoption. Despite facing setbacks like dual taxation in 2022, Indonesia has recovered strongly, ranking …
In the latest development, Japan’s Financial Services Agency has issued warnings to foreign exchanges for operating without registration. It has issued warning letters to the following exchanges: KuCoin, bitcastle LLC, Bybit Fintech Limited, MEXC Global, Bitget Limited. Notably, in Japan, cryptocurrency exchange business requires registration with the Financial Services Agency and the Financial Bureau. According …
Russia has taken a bold step in regulating its booming cryptocurrency market. Russian President Vladimir Putin has signed a law that lays out detailed taxation rules for cryptocurrency activities like mining, buying, and selling. This move not only clarifies how digital assets will be taxed but also sets the tone for Russia’s evolving stance on …
It’s not just Taiwan that is gearing up its crypto game; many countries like Singapore, Iran, Dubai, the UK, and India are working to create fair and transparent laws to protect investors from fraud and scams. However, with the Trump effect, Taiwan is putting its foot down to tackle crypto fraud with a new set …
In a Kitco news interview, Frank Holmes, CEO of U.S. Global Investors and Executive Chairman of HIVE Digital Technologies, believes that in the coming years, alternative assets like gold and Bitcoin will play a bigger role in investors’ portfolios. Holmes explained that many investors are worried about global issues like rising debt and political instability, …
The legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) continues, despite some recent developments. Ripple has recently gained attention as it was claimed that a U.S. court approved its request to fast-track the final judgment in the XRP lawsuit. This decision could mean the case, which has been dragging on for …
Hong Kong came up with a new idea to attract crypto investors. A bold new proposal offers tax breaks on crypto gains, making it a hot topic among the wealthy. But it brings a big question if this move can turn Hong Kong into a global crypto powerhouse? Let’s break it down. Hong Kong’s Crypto …
Amrita Srivastava, a former Binance Holdings executive based in London, sued the cryptocurrency exchange in the United Kingdom for bribery allegations. According to Srivastava, who worked on Binance’s Link platform that connected external brokers and customers to the exchange, a co-worker took money to ostensibly speed up integration to the firm. Srivastava further claimed that …
With Donald Trump’s bold plans to make Bitcoin a mainstream financial investment. The other countries are following suit and the latest after Russia is Hong Kong which is stepping up its game to become a go-to destination for crypto investors and businesses. The city is offering tax breaks to hedge funds, private equity firms, and …
Russia is making waves in the crypto world with a new tax bill that could change how mining and trading are handled. The Federation Council, the country’s upper house of parliament, has given the green light to the bill, which sets the stage for tighter regulations on digital currencies. All that’s left now is President …
XRP has bounced back after a recent pullback to the $1.25-$1.30 range, where it found strong support. The cryptocurrency is currently outperforming other major coins, signaling potential for future growth. XRP is currently up by more than seven percent in the last 24 hours and is trading near the $1.45 levels. Despite the recent rally, …
U.S. Securities and Exchange Commission Chair Gary Gensler is all set to step down in January 2025. Gensler, known for his tough stance on cryptocurrencies, led a crackdown on the industry, but his departure signals a potential shift in regulatory direction. The SEC had been aggressively pursuing lawsuits against major crypto players like Coinbase and …
Tether, issuer of the world’s largest stablecoin, said that it will stop supporting the euro-linked EURT stablecoin as part of a “strategic transition to prioritize community-driven blockchain support.” This decision came amid rising regulatory uncertainty in the EU’s crypto market with the new MiCA rules. Tether Moves Towards Regulated Stablecoin Solutions Tether, a leader in …
In the latest development, the US court has granted the SEC’s request to submit an omnibus response to the Motions to Dismiss that shall not exceed 70 pages. Notably, the motion arrived in response to requests by Binance, Changpeng Zhao and Binance US to dismiss the amended complaint. However, the court’s decision to dismiss the …
The United States Court of Appeals for the Fifth Circuit issued a ruling that the sanctions against crypto mixer Tornado Cash by the US Treasury Department were unlawful. According to the ruling dated November 26, the Department of the Treasury; Office of Foreign Assets Control (OFAC) overstepped its congressional defined authority in the sanctions against …
Could a shake-up at the SEC be just what crypto needs? There’s buzz about Paul Atkins stepping in after Gary Gensler steps down. If true, it might be great news for blockchain and digital assets. Let’s dig into why Atkins is getting so much attention—and what he could change for the better. What Makes Paul …