Tether (USDT), one of the most popular stablecoins in the crypto world, is facing a big danger. The European MiCA (Markets in Crypto Assets) regulations are making things tough. These new rules could seriously impact Tether’s operations in Europe. Paolo Ardoino, CEO of Tether and CTO of Bitfinex, explains that MiCA is putting strict limits …
Turkey is seeing a wave of high interest from various crypto companies eager to provide their services to the Turkish people. The Capital Markets Board of Turkey has just put out a list of 47 crypto exchanges that want to set up shop in the country. Implementation of the “Law on Amendments to the Capital …
Tether, is reportedly planning to double the size of its workforce by mid-2025, with a particular focus on its compliance team. It plans to increase its staff to around 200 people, its CEO told Bloomberg. He also added that “We are very careful when we hire people, we hire only senior people.” The firm has …
Trump Confirms To Hold Press Conference; Huge Crypto Announcement Coming up? In a latest development, Donald Trump has announced plans of holding a press conference on Thursday, August 8, at his Mar-a-Lago estate. This announcement comes at a crucial moment amidst the 2024 election race, as Vice President Kamala Harris is also seen gaining traction …
In the ongoing case of SEC vs Coinbase, the U.S. SEC recently complained to a federal judge, asserting that Coinbase’s efforts to obtain records from SEC Chair Gary Gensler were excessively broad. The latest development is where the SEC is prosecuting Coinbase for alleged securities law violations. Coinbase’s Demand for Transparency Paul Grewal, Coinbase’s Chief …
In the latest development, on July 31, Senator officially introduced the Bitcoin Strategic Reserve bill which would direct the US government to start a reserve fund for the scarce decentralized asset. 2200 Letters Sent In 48 Hours! Over 2,200 letters were sent to United States senators in 48 hours urging them to co-sponsor and support …
The crypto industry and its regulations have become a decisive topic among US voters. As the November US Presidential elections get closer, American citizens continue to ask for clearer regulations and a more welcoming landscape in the country. Following Biden’s drop from the presidential rally, Vice President Kamala Harris became the principal nominee for the […]
Big news! South Korea’s latest regulatory changes are set to impact major cryptocurrency exchanges like Upbit and Bithumb. Under the updated regulations, these platforms will now be required to pay supervisory fees, which could pose challenges for some exchanges. Overview of New Fees In the latest move towards crypto regulations, the Financial Services Commission announced …
During the Bitcoin 2024 conference in Nashville on July 27, US Senator proposed a groundbreaking bill for the U.S. government to purchase 5% of the world’s Bitcoin supply and hold it for at least 20 years. She explained that it could be used to reduce the debt and stated “this is the solution” on stage …
The post Kamala Harris’ Advisors To ‘Reset’ Relations With The Crypto Industry; In Talks With Ripple, Coinbase appeared first on Coinpedia Fintech News
According to a report from the Financial Times, Kamala Harris’ advisors have approached the top crypto companies in an attempt to ‘reset’ the relations between the democratic party and the crypto industry, which has strongly backed Donald Trump, her rival for the presidential elections. Reconnecting With The Crypto Industry The team is reportedly getting in …
The post Coinbase Seeks Court Order for SEC Document Disclosure in Crypto Lawsuit appeared first on Coinpedia Fintech News
Cryptocurrency companies face a regulatory roadblock, and Coinbase is taking a stand. It’s time for change. Coinbase Challenges Pre-SEC Days Paul Grewal, Coinbase’s Chief Legal Officer, took to X to share a significant development in the ongoing legal battle between Coinbase and the SEC. Grewal announced that Coinbase formally requested the Court to order the SEC to …
The post Crypto Regulations in Portugal 2024 appeared first on Coinpedia Fintech News
Portugal is one of the oldest European countries. It was established as early as 1143. Lisbon is the capital of the country. It is a hub of tourism and infrastructure. The country’s economic status is advanced. It is a highly developed nation in all senses. It has a significant gold and lithium reserve. And, it …
The crypto exchange blamed regulatory pressures and “compliance requests” from local financial regulators as the reason it terminated its services.
The post Joe Biden’s Exit Boosts Kamala Harris Meme Coin to New Heights appeared first on Coinpedia Fintech News
President Joe Biden announced on Sunday that he will end his re-election campaign. This decision comes amid growing concerns among Democrats that the 81-year-old could not win a second term and might harm the party’s chances in November. Soon after this news, the Kamala Harris-themed meme coin, KAMA, skyrocketed to a record high of 2.4 …
The post Crypto Regulations in Switzerland 2024 appeared first on Coinpedia Fintech News
Switzerland is a highly developed European country. It is renowned for its strong economy. The country has a welcoming attitude towards financial technologies. It is one of the most crypto-friendly countries in the European continent. It was in 2016 that the country at first adopted this attitude. Since then, it has introduced several policies in …
The post Ripple vs. SEC Settlement Update: Will July 25th Be the Turning Point for XRP Price? appeared first on Coinpedia Fintech News
The Ripple vs. SEC lawsuit is about to reach a critical turning point. In the latest move, the SEC has shifted its closed-door meeting to July 25. With this slight change, XRP prices jumped in anticipation of a possible end to the Ripple vs SEC case. Many experts assume that there will be a possible …
The post Terraform Labs Sets August Deadline for Bankruptcy Claims: Impact on LUNC and USTC Investors appeared first on Coinpedia Fintech News
Terraform Labs announced on its official X account that the deadline for filing claims in TFL and TLL’s Chapter 11 bankruptcy lawsuits is August 10 at 09:00 UTC. The business advised Terraform Lab’s claimants to submit their paperwork by this date. Terraform Labs, which created TerraUSD, filed for Chapter 11 bankruptcy with the Delaware bankruptcy …
The Hong Kong Securities and Futures Commission added seven crypto trading platforms to its alert list for operating without licenses, raising concerns over investor safety.
AUSTRAC's latest report highlights a rise in criminal use of cryptocurrencies, urging stricter regulations and international cooperation to combat money laundering.
The post South Korea’s Crypto Tax Pushback: No Taxes Until 2028? appeared first on Coinpedia Fintech News
South Korean crypto taxes have been delayed until 2021, and they may continue. Crypto taxes may be delayed until January 2028 by the ruling party. The impracticality of the current tax policy due to system and institutional failure influences this decision. What’s Behind the Tax Delay? A local news publication recently reported that the government …
The post Nigerian Court To Begin Binance’s Tax Evasion Trial In October appeared first on Coinpedia Fintech News
As per a report from Reuters, A Nigerian Court will begin a trial against Binance over tax evasion charges on October 11, the judge hearing the case said on Friday. Binance currently faces four counts of tax evasion, including failure to register with Nigeria’s Federal Inland Revenue Service for tax purposes. Binance Representative Urges Judge …
The post US Election 2024: Elon Musk’s ‘Sizeable’ Donation to America PAC for Donald Trump appeared first on Coinpedia Fintech News
According to a recent Bloomberg report, Elon Musk has contributed to America PAC, a group working to re-elect Donald Trump. The donation is described as ‘sizeable,’ which marks a significant shift for Musk, who previously had positioned himself as politically independent and hesitant to engage in Politics. Musk Backs Trump At A Critical Time Musk’s …
The post Joe Biden’s Veto on Crypto Rule Delays House Vote – What’s Next? appeared first on Coinpedia Fintech News
The U.S. House of Representatives has postponed its vote on H.J. Res. 109, which seeks to override President Joe Biden’s veto of a key rule affecting the cryptocurrency industry. Initially set for 10:30 AM on Thursday, July 11th, the vote has been rescheduled due to the House’s need to address an unexpected and urgent debate …
The post Bitwise Faces $2M Lawsuit : Executives Accused of Defrauding Investors appeared first on Coinpedia Fintech News
Bitwise Asset Management is facing a lawsuit from Vandelay Industries, representing the Mukamal family, which has accused Bitwise and its top executives of fraud, negligence, and executing a “pump and dump” scheme that resulted in significant financial losses for investors and seeks $2 million in damages. Bitwise Executives’ Alleged Misrepresentation In early 2018, Mukamal’s family …
The post Uniswap Labs Urges SEC to Refrain From Adopting Proposed Amendments appeared first on Coinpedia Fintech News
Uniswap Labs, the developer behind the Uniswap Decentralised Exchange, has urged the SEC to drop its proposal to rule over Defi, citing a recent Supreme Court decision claiming that the proposed changes would intrude the SEC’s authority over the DeFi platforms and are likely to be rejected by the Supreme Court. Uniswap Cites Supreme Court …
The post Messari CEO Declares Independence From SEC in Scathing Draft Letter appeared first on Coinpedia Fintech News
On July 6, 2024, Ryan Selkis, CEO of crypto intelligence firm Messari, made a bold move against the SEC, declaring his firm’s “independence” from the agency. He has openly declared himself an enemy of the US SEC run under Biden’s administration. This is going to be huge as US crypto investors are rooting for a …
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.