Regulation – Page 12

From soup to nuts of ‘agreement reached on European crypto-assets regulation’

As the rest of the cryptocurrency market gradually moves on from the aftermath of the collapse of Terra’s LUNA and UST, regulators across the globe have become increasingly skeptical of digital assets and the risks they pose to investors. On 30 June, the European Commission, lawmakers within the European Union (EU), and member states reached an agreement on the body of laws to regulate player activities in the cryptocurrency market. Referred to as Markets in Crypto-Assets (MiCA), the proposed legislation...

Coinbase Receives Large Inflows –

On-chain data shows the crypto exchange Coinbase Pro has received a large amount of Bitcoin inflows today, a sign that could prove to be bearish for the coin’s price.

Coinbase Pro Observes Bitcoin Exchange Inflows Of About 3.5k BTC

As pointed out by an analyst in a CryptoQuant post, Coinabse Pro has today received big inflows from supply not moved since at least six months ago. The “exchange inflow” is an indicator that measures the total amount of Bitcoin moving into wallets...

US SEC Chairman Acknowledges That Bitcoin Is Not the Only Crypto That Is a Commodity

On Monday (June 27), Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), talked about crypto regulation during an interview with CNBC’s “Squawk on the Street” team. Gensler was nominated by President Joe Biden to Chair the U.S. SEC on 3 February 2021, confirmed by the...

Cardano ($ADA) Founder on Importance of Appropriate Crypto Regulation

On Thursday (June 23), Charles Hoskinson, who is Co-Founder and CEO of IO Global (aka “IOG”, formerly known as “IOHK”), the company responsible for Cardano’s research and development, talked about “the importance of appropriate & responsible regulation” for the crypto industry. His comments were made while he was providing testimony and...

Here’s Why SEC Chair Wants Single Rulebook For All Crypto Trading

Earlier Today, The Financial Times reported that the US Securities and Exchange Commission (SEC) Chair Gary Gensler, is seeking unanimity between SEC and the Commodity Futures Trading Commission’s (CFTC) to regulate crypto assets adequately by creating a rule book for all things crypto.

One single book to regulate crypto affairs

Considering the ongoing tussle between the SEC and CFTC over which agency will have regulatory control over cryptocurrencies trading, Gensler, SEC chair has called for a crypto rule book which he...

European Financial Institution KBC Group Launches Its Own Digital Coin

Brussels-headquartered KBC Group, which is “a leading European financial group with a focus on providing bank-insurance products and services to retail, SME and mid-cap clients”, has announced the launch of “Kate Coin”. According to KBC’s press release, KBC is “the first financial institution in Europe to be ready...

Korean Financial Authority Imposes Departure Ban On Terra Developers

According to Korean news site JTBC, the Seoul Joint Financial and Securities Crime Investigation Team has placed travel embargoes on developers in the Terra team. This is as a result of the ongoing investigation on Terra by Korean Authorities.

TFL’s members were not informed about the ban

After the crash of LUNA and UST, authorities have been on the tail of the founder of Terra, Do Kwon. His legal troubles seem to be compounding as Korean Authorities have now placed a...

Synonym CEO’s “Strategies for How To Behave When Bitcoin Is in High vs Low Demand”

On Monday (June 20), John Carvalho, former CCO at Bitrefill and currently CEO at Synonym Software Ltd, shared his thoughts on Bitcoin. Synonym, which is owned by Tether Holdings, says on the landing page of its website that it has “designed a strategy and model for facilitating and...

14 Members Of The US Congress School EPA On Bitcoin Mining And Green Energy –

The Environmental Protection Agency or EPA keeps receiving mail. This time, 14 members of Congress provided the counterpoint and singled out the environmental benefits of bitcoin mining. They also made a point about how crucial this industry is, and the damage the USA would inflict on itself by banning it. Plus, they schooled the EPA on the amount of renewable source-based energy already in play all over the industry. BREAKING: 14 members of Congress send letter to the EPA, informing...

Huobi Global: Transitioning from Web 2 to Web 3.0

The first web page was released by Berners-Lee in 1991, and the world has since made great strides in the era of connectivity, and completed the transition from Web1 to Web2. The Internet has changed from a “read-only information display platform” to an “interactive content production network”, and users are interacting more with online content than ever before. As users increasingly took charge of content creation, the scale of the Internet began to expand rapidly. Search engines represented by Google,...