online resources

US SEC Expected to Impose ‘Fair Amount’ of Regulation on Cryptocurrencies, Says Former Chairman

Former SEC Chairman Harvey Pitt says that he expects a “fair amount” of crypto regulation coming from the U.S. Securities and Exchange Commission (SEC) following the confirmation of the new chairman. Former SEC Chair Expects ‘Fair Amount’ of New Crypto Regulation Harvey Pitt talked about the future of cryptocurrency regulation under the new chairman, Gary Gensler, in an interview with Bloomberg Friday. Pitt is the American lawyer who served as the 26th chairman of the U.S. Securities and Exchange Commission (SEC), from 2001 to 2003. With the market debut of Coinbase via a direct listing on Nasdaq, Pitt was asked…

Continue Reading US SEC Expected to Impose ‘Fair Amount’ of Regulation on Cryptocurrencies, Says Former Chairman

Crypto users demand reinstatement of Pakistani government adviser following sudden resignation

Zia Ullah Bangash's potential departure from an important role in facilitating Pakistan's regulatory environment for crypto had many threatening to withhold votes and demanding answers. Many users on social media have started an online campaign for Pakistan Prime Minister Imran Khan to bring back pro-crypto adviser Zia Ullah Bangash. On Saturday, Bangash, the science, technology, and information technology adviser to Mahmood Khan, the chief minister of the Khyber Pakhtunkhwa province, announced he would resign his position. Bangash cited “unavoidable circumstances” in his decision to leave his advisory role in addition to responsibilities in his constituency — he previously served as a member…

Continue Reading Crypto users demand reinstatement of Pakistani government adviser following sudden resignation

Turkey to ban cryptocurrency payments

Turkey's central bank is also banning payment providers from offering fiat-to-crypto onramps for cryptocurrency exchanges. A new ban in Turkey will prohibit crypto holders from using their digital assets for payments, in addition to preventing payment providers from adding funds to their digital wallets at crypto exchanges. According to a Friday announcement by the Central Bank of the Republic of Turkey, the ban will come into effect on April 30, rendering any crypto payments solutions and partnerships illegal. The bank stated, “any direct or indirect usage of crypto assets in payment services and electronic money issuance” will be forbidden. While…

Continue Reading Turkey to ban cryptocurrency payments

MIT Crypto Professor Gary Gensler Confirmed as New SEC Chairman

The U.S. Securities and Exchange Commission (SEC) now has a new chairman, Gary Gensler. President Joe Biden’s pick, the MIT professor, whose classes included blockchain technology, digital currencies, and financial technology, has been confirmed by the Senate to lead the SEC. SEC Has a New Chairman President Joe Biden’s pick to lead the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has been confirmed by the Senate as the new chairman of the top financial regulator. The Senate voted 53-45 on Wednesday to confirm his nomination. The four commissioners at the SEC released a statement welcoming the agency’s new chairman,…

Continue Reading MIT Crypto Professor Gary Gensler Confirmed as New SEC Chairman

There will be drama, warns WEF expert on Bitcoin regulation

Recent events in the crypto space have the smell of victory, but only represent small battles in an ongoing war. “Dramatic” changes are on the way. Those who oversee the traditional finance sector won’t just let Bitcoin (BTC) wander off into the sunset without a fight. That’s the sentiment expressed by the World Economic Forum’s head of blockchain and digital assets, Sheila Warren, who said a “dramatic” round of regulation was about to befall Bitcoin and the wider cryptocurrency space. Warren told Bloomberg on Thursday: “We’re going to see another round of pretty dramatic attempts at regulating this space. As…

Continue Reading There will be drama, warns WEF expert on Bitcoin regulation

Republican Kevin McCarthy says Fed chair needs more education on crypto

The House minority leader said the United States should not take a backseat to China when it comes to digital currencies. Kevin McCarthy, the minority leader in the U.S. House of Representatives, hinted that both the current Secretary of the Treasury and chair of the Federal Reserve may need to reevaluate their positions on crypto. Speaking on CNBC's Squawk Box this morning, host Joe Kernen asked the Republican lawmaker whether either Treasury Secretary Janet Yellen or Fed chair Jerome Powell had a “good understand of digital currencies or Bitcoin.” In regards to Bitcoin (BTC), McCarthy claimed both the officials had…

Continue Reading Republican Kevin McCarthy says Fed chair needs more education on crypto

Galaxy Digital submits Bitcoin ETF application with SEC

Mike Novogratz’s Galaxy Digital is the latest Bitcoin exchange-traded fund applicant in the United States. Galaxy Digital has submitted a Bitcoin (BTC) exchange-traded fu filing with the United States Securities and Exchange Commission. According to the form S-1 published by the SEC on Monday, the Galaxy Bitcoin ETF — if approved — will trade on the NYSE Arca exchange, with the Bloomberg Galaxy Bitcoin index tapped as the pricing mechanism. Detailing the price mechanism for the prospective Bitcoin ETF, the filing reads: “The end-of-day Index price is calculated using the Bloomberg Crypto Price Fixings (‘CFIX’) mid-price for bitcoin. CFIX is…

Continue Reading Galaxy Digital submits Bitcoin ETF application with SEC

Why cryptocurrency is booming in India despite national ban fears

Cryptocurrency is taking off in India despite regulatory fears, which many are now dismissing as nothing but FUD. India has been the subject of intense speculation regarding the future legal status of Bitcoin (BTC) and other cryptocurrencies in recent months. Speculation went into overdrive in February when an anonymous Indian minister told Bloomberg that a nationwide blanket ban on cryptocurrency was imminent and that holders would be given a matter of months to dispense with their coins and tokens. Fears were then allayed — somewhat — when finance minister Nirmala Sitharaman told CNBC that reports of a blanket ban on…

Continue Reading Why cryptocurrency is booming in India despite national ban fears

Goldman Sachs Predicts ‘Big Evolution’ Coming to Cryptocurrency Regulation

Goldman Sachs CEO David Solomon foresees “big evolution” coming to cryptocurrency regulation as demand for bitcoin from clients continues to rise. He says that Goldman will “continue to find ways to serve our clients as we move forward.” Crypto Regulation Will Experience ‘Big Evolution,’ Says Goldman Sachs’ Chief David Solomon, the CEO of global investment bank Goldman Sachs, shared his view on cryptocurrency regulation in an interview with CNBC this week. Regarding the regulation for bitcoin and other cryptocurrencies, the Goldman Sachs executive said he thinks that cryptocurrency “is a space that’s evolving,” predicting: I think there’ll be a big…

Continue Reading Goldman Sachs Predicts ‘Big Evolution’ Coming to Cryptocurrency Regulation

Jamie Dimon Believes BTC Regulation Is A Serious Emerging Issue

JPMorgan CEO Jamie Dimon believes BTC regulation will pose a serious emerging issue during a shareholder letter as we can see more in our latest bitcoin news today. Jamie Dimon believes BTC regulation is a serious issue but that legal and regulatory clarity is needed with cryptocurrencies, reiterating the threat of fintech. The legal and regulatory status of BTC and other crypto assets is something that has to be dealt with in an instant according to Dimon. He previously called BTC a “fraud” back in 2017 and made comments in the letter to the shareholders today:  “There are serious emerging…

Continue Reading Jamie Dimon Believes BTC Regulation Is A Serious Emerging Issue

Economist Says Bitcoin Isn’t Too Big to Fail — Warns BTC Can Only Establish Itself if Governments Allow It

Allianz’s chief economic advisor Mohamed El-Erian says that bitcoin is not too big to fail and that governments may intervene. While he believes that cryptocurrency will grow in popularity, the economist says “it takes away a lot from governments,” adding that this asset “can only establish itself if governments allow it to.” Economist Warns of Government Intervention, Bitcoin Is Not Too Big to Fail Mohamed El-Erian said in an interview with CNN Tuesday that bitcoin is not “too big to fail” and its failure could disrupt the global monetary system due to the “liquidity paradigm.” El-Erian, an Egyptian-American businessman, is…

Continue Reading Economist Says Bitcoin Isn’t Too Big to Fail — Warns BTC Can Only Establish Itself if Governments Allow It

Crypto lobby groups are gaining traction in Washington as the threat of regulatory bottleneck looms

The blockchain industry is looking to shed the negative association between digital assets and crime as the threat of additional regulatory oversight looms. Crypto-focused lobby groups in Washington, D.C. are playing an increasingly vital role in reorienting policymakers away from the view that virtual currencies are used primarily for illegal transactions. Now, they are preparing for potentially their biggest battle yet.  Blockchain Association, an industry trade group representing crypto firms, has added ten members to its brass since December 2020, bringing its total to 34. Kristin Smith, the group’s executive director, told Bloomberg that her members are extremely concerned about…

Continue Reading Crypto lobby groups are gaining traction in Washington as the threat of regulatory bottleneck looms

Kimchi Premium Soars 17% as South Korea’s Crypto Market Turns Bullish

Since March’s extreme volatility, Bitcoin price action has been far more stable. The major cryptocurrency has continued to hover around the $57,000 to $58,000 price level, seeing minimal fluctuations with the Bitcoin Volatility Index sitting at 3.21%.  In South Korea, however, the resurgence of the local crypto scene and tightening regulations have led Bitcoin prices to surge to 77,661,000 won, or 69,300 dollars on Bithumb. Bitcoin’s current all-time high is $61,500 — which is nearly 12% less than current prices in South Korea. If you were to buy Bitcoin from Bithumb at current prices, you would have to pay $11,000…

Continue Reading Kimchi Premium Soars 17% as South Korea’s Crypto Market Turns Bullish

More BTC Regulations Are Coming, Warns Former SEC Chairman

More BTC regulations are coming despite Bitcoin not being considered security which doesn’t mean that it should be regulated warned former SEC chairman Jay Clayton as we read more in our latest Bitcoin news today. Former US SEC Chairman Jay Clayton suggested that Bitcoin and other cryptocurrencies will be more regulated in the future. He commented during an interview with CNBC’s Squawk Box yesterday:  “I expect that regulation will come in this area both directly and indirectly.” Clayton became a crypto advisor to investment company One River Asset Management and noted that while BTC wasn’t security before the even joined…

Continue Reading More BTC Regulations Are Coming, Warns Former SEC Chairman

Tyler Winklevoss thinks Bitcoin is past the risk of a US ban

Bitcoin has likely become too interwoven into the world for a ban to be plausible, says the Gemini CEO. The United States government has increasingly stepped up its overwatch on crypto in recent years, although an outright ban on Bitcoin is now unlikely — at least according to Gemini CEO and co-founder Tyler Winklevoss. “I think, if we were back in 2013, this would be kind of an open question,” Winklevoss told podcaster Peter McCormack when asked about regulation and a Bitcoin (BTC) ban during a Friday episode of the What Bitcoin Did podcast: “I think that the U.S. will never…

Continue Reading Tyler Winklevoss thinks Bitcoin is past the risk of a US ban

Bitcoin surge could be driving digital yuan interest, says People’s Bank of China

The central bank says strong interest in its CBDC project is partly being driven by Bitcoin's recent surge, despite cryptocurrency still being banned in China. The cryptocurrency space may be helping to spawn its own competitors after a representative of the People’s Bank of China said Bitcoin’s (BTC) recent surge had caused renewed interest in the nation’s digital yuan project. The digital yuan is China’s central bank digital currency, and like all CBDCs its foundational principles are completely antithetical to those of the cryptocurrency space. Core crypto concepts of decentralization and autonomy are dispensed with in favor of centralization and…

Continue Reading Bitcoin surge could be driving digital yuan interest, says People’s Bank of China

South Korean gov’t makes $10.5M profit from 4-year-old Bitcoin crime haul

The coins languished in cold storage for four years after being confiscated by authorities during an arrest. South Korean prosecutors have finally sold a Bitcoin (BTC) haul they confiscated from a criminal in 2017 and it’s worth $10.5 million more than it was at the time of the arrest. The cash has reportedly been deposited in the coffers of the country’s national treasury. According to reports coming out of the Suwon District Prosecutors Office, this is the first time confiscated Bitcoin has been sold by authorities, and the first time the coins in question have moved since being put into…

Continue Reading South Korean gov’t makes $10.5M profit from 4-year-old Bitcoin crime haul

Prometheum and Anchorage set to launch alternative cryptocurrency trading system

The alternative trading system, PEATS, is vying to become a FINRA and SEC-regulated platform. Anchorage Digital Bank, a pioneer of digital asset custody, and cryptocurrency trading platform Prometheum are in the final approval phase for an alternative trading system, or ATS, tailed specifically for crypto investors.  Prometheum Ember ATS, also known as PEATS, is vying to bring alternative trading system technology to digital assets. PEATS will open to traders pending final regulatory approval by the United States Securities and Exchange Commission, or SEC. PEATS is currently undergoing the SEC's rigorous "Three-Step Process" for approving a public ATS. Once launched, Anchorage…

Continue Reading Prometheum and Anchorage set to launch alternative cryptocurrency trading system

Coinbase Opens Office in India Despite Crypto Ban Reports

Cryptocurrency exchange operator Coinbase has announced that it is establishing a business presence in India. The company has also posted several job openings for its Indian operations despite reports that the government may ban cryptocurrencies. Coinbase Sets up Shop in India Coinbase has officially announced its expansion into India. The company said last week: We’re happy to announce that Coinbase is establishing a business presence in India. By housing some IT services, including engineering, software development and customer support operations in India, we will benefit from its huge pool of world-class engineering talent. “India has long been known as a…

Continue Reading Coinbase Opens Office in India Despite Crypto Ban Reports

Former SEC Chairman Jay Clayton joins crypto advisory board

Clayton, who stepped down from the SEC in 2020, joins the regulatory advisory council at One River Asset Management. Three months after resigning from the United States Securities and Exchange Commission, or SEC, Jay Clayton has joined the advisory board at crypto investment manager One River Asset Management, signaling a changing of the guard for the former securities regulator.  Clayton, along with Kevin Hassett of The Lindsey Group and Jon Orszag of Compass Lexecon, joins One River Asset Management’s newly formed academic and regulatory advisory council, the company announced Monday. Although Clayton’s exact role within the advisory group wasn’t specified,…

Continue Reading Former SEC Chairman Jay Clayton joins crypto advisory board

End of content

No more pages to load