The crypto industry is lobbying CongressUS crypto advocacy group, the Chamber of Digital Commerce (CDC), is opposing Senator Elizabeth Warren’s anti money-laundering (AML) DAAMLA legislation, claiming she is “trying to kill the entire industry,” according to a tweet yesterday on X. Digital assets have been under attack from politicians for years, but never like this....
Turkey Crypto Regulation Source: Adobe / HusamexTurkey’s legislators met with digital asset stakeholders in a consultative meeting to discuss incoming crypto regulations on Tuesday. Omer Ileri, the deputy chairman of the ruling party who oversees the Information and Communications Technologies disclosed the meeting with the team of crypto experts. In a post on X (formerly...
Image by Brian Yue, MidjourneyThe approval of spot Bitcoin exchange-traded funds in the United States has led to a rise in Australian interest in Bitcoin according to a February 21 survey. Australian-based crypto exchange Independent Reserve’s survey revealed that Bitcoin sentiment in Australia experienced a 25% boost after spot Bitcoin ETFs received approval from the...
Image by Jimmy Aki, MidjourneyOn February 21, popular Bitcoin maximalist Fred Krueger issued a warning about the world’s first-ever smart contract network, Ethereum. In a post on X (formerly Twitter), Krueger stated that Ethereum is rapidly losing its essence with growing competition in decentralized finance (DeFi). Ethereum Is An Overvalued Shiba Inu According to the...
Source: Coinage / YouTubeMontenegro’s High Court just decided that the founder of the failed Terra crypto blockchain Do Kwon will be extradited to the US, where he is being prosecuted for crypto fraud, a local news outlet reported on Wednesday. Do Kwon Extradited: Terra Founder Faces Fraud Charges in US Kwon faces eight charges from...
A class action lawsuit by investors of FTX is being brought against law firm Sullivan and Cromwell for its involvement in the $8 billion fraud, according to a February 16 Miami court filing. The extensive filing alleges Sullivan and Cromwell should face a jury trial on five different counts for their part in the crypto...
Image by Brian Yue, MidjourneyThe leader of the Securities and Exchange Commission’s (SEC) crypto and cyber litigation legal team has left to join private firm White & Case, according to a February 21 press release. White & Case announced that Ladan Stewart had joined the firm as a partner in its white-collar defense group. Head of...
The co-founder of Cardano Charles Hoskinson called for more development around web3 social media platforms rather than dependence on centralized platforms. In a Feb 19 Ask Me Anything (AMA) session with his followers, the Cardano executive answered questions on diverse issues ranging from politics to cryptocurrencies. Surprise AMA 02/19/2024 https://t.co/umS6YLfeXI — Charles Hoskinson (@IOHK_Charles) February...
CME Group will expand its cryptocurrency derivatives offerings by launching Micro Bitcoin Euro and Micro Ether Euro futures in March, according to a February 20 press release. The proposed two derivatives will be added on March 18 pending regulatory approval in a bid to protect investors in the market. Available March 18*, CME Group is...
Court Rules Against Crypto Mining Company,Will Not Force BC Hydro to Provide PowerConifex Timber Inc.,a forestry firm with a crypto mining business,has lost a court battle in which it had aimed to force BC Hydro,a Canadian electric utility in the province of British Columbia,to provide the power needed for its operations,the National Post reported. In...