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 …
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 …