A Democrat lawmaker and known crypto critic Maxine Waters has called for a session with the securities and exchange commission (SEC) for a group of lawmakers to take a closer look into crypto. Waters recommended the session with a view to seeing…
A pro crypto member of congress, Rep Tom Emmer has fired back at the Treasury department for requesting more power over the crypto industry. The Republican lawmaker who sits on the House Financial Services Committee, criticized the U.S. Treasury Department for having…
The U.S Treasury has requested the U.S congress has requested more authority to crack down on the crypto industry. The department sent recommendations to lawmakers, including the need for new sanction tools prepared remarks from Deputy Treasury Secretary Wally Adeyemo showed. “We…
Top crypto trading and investing company eToro has secured an operational license from the United Arab Emirates (UAE) to operate in Abu Dhabi. The Abu Dhabi Financial Markets Authority (ADGM), on behalf of the country awarded the a Financial Services Permission (FSP)…
Another top crypto exchange, HTX has come under attack alongside the Heco Chain blockchain protocol. The attack resulted in the theft of $100 million in several different cryptocurrencies. Former CEO of Tron and long-time cryptocurrency entrepreneur and an investor in HTX Justin…
The UK has announced new legislation that will provide support for the crypto sector in the country. UK Chancellor of the Exchequer Jeremy Hunt outlined 110 measures for growing the nation’s economy in a mini-budget announcement which includes plans to boost the…
Top crypto exchange Coinbase has accused the securities and exchange commission (SEC) of delaying action on the new crypto rules the exchange has proposed. Coinbase in a letter to the Court of Appeals argued that the Securities and Exchange Commission (SEC) has…
Top accounting firm KPMG through its Canadian arm has partnered with on-chain analysis firm Chainalysis to help organizations combat crypto-related fraud in the country. According to a statement, KPMG will be working with Chainalysis’ “Solution Provider” program, offering “rigorous monitoring, support, governance…
World’s largest crypto exchange, Binance has seen a massive outflow of assets following news that its CEO Changpeng “CZ” Zhao Was resigning after pleading guilty to criminal charges in the U.S. Data from DeFiLlama revealed that the exchange recorded a net outflow…
The Securities and Exchange Commission (SEC) on Monday filed a lawsuit against one of the biggest global crypto exchanges, Kraken. The agency is alleging that Kraken violates securities laws by running an unregistered online trading platform. In response to the lawsuit, Kraken…
The Securities and Exchange Commission (SEC) has filed a lawsuit against another top crypto exchange, Kraken, for not registering as a securities trading platform. In the suit filed on Monday, the SEC said it’s seeking a judgment to permanently forbid Kraken from…
The banking regulator in Canada, the Office of the Superintendent of Financial Institutions (OSFI), has called on banks to give feedback on guidelines on how banks should report crypto exposure. Similarly, the Basel Committee on Banking Supervision (BCBS) is asking for feedback from…
The securities and exchange commission (SEC) has given itself an applause for “another highly productive year” in crypto-related charges in 2023. The agency said in a report that it filed 784 total enforcement actions in the fiscal year 2023, including big names…
The crypto industry has reacted to the proposed tax reporting rules put forward by the Treasury. The proposed regulation in collaboration with the Internal Revenue Service (IRS) will require crypto brokers to be treated in the same way as brokers for traditional investments…
There are high hopes for the approval of a spot Bitcoin ETF in the U.S. This has led to optimism that Bitcoin’s price will rise, so the entire industry is looking forward to the approval. However as decisions on the already submitted…
Analysts at JP Morgan have said the rally in the crypto market is “overdone”, making them doubt the sustainability of the ongoing trend. The analysts led by Nikolaos Panigirtzoglou wrote in a report on Wednesday that said the rally has been fueled…
Chairman of the Commodities Futures Trading Commission (CFTC), Rostin Behnam has called on Congress in the U.S. to take a more critical position in providing guidance to federal agencies on the way forward for crypto regulation. Behman made the call on Wednesday at…
The government of Kazakhstan has blocked access to Coinbase trading platform in the country, citing violations of digital asset laws, a local media report says. According to the reports, the ministry of Culture and Information said the action was related to crypto…
Crypto bank, SEBA Bank has secured a license from Hong Kong’s Securities and Futures Commission for its subsidiary to operate crypto-related services in the city. The license allows SEBA Bank to be a dealer and distributor of all securities, including virtual assets-related…
Ledger wallet users have suffered loss to the tune of $588,000 due to a fake Ledger Live App. blockchain security firm ZachXBT announced this in a tweet on 5 November. The fake app named “Ledger Live web3” was reportedly found on the…