In a recent interview, Rostin Behnam, the Chairman of the Commodity Futures Trading Commission (CFTC), talked about regulation of the crypto market. Rostin Behnam, who was nominated by U.S. President Joe Biden, was “sworn in as the CFTC’s 15th Chairman on January 4, 2022 after being unanimously confirmed by...
On Tuesday (May 17), Sir Jon Cunliffe, Deputy Governor for Financial Stability at Bank of England (BoE), spoke about cryptoassets at the three-day event “The Future of Everything“, which is hosted by Wall Street Journal (WSJ). According to his BoE bio, Sir Jon Cunliffe “became Deputy Governor for...
In a bid to avoid further incidents like the Terra crash, South Korean officials are looking to build tougher legislation around cryptocurrencies. The recent Terra UST and LUNA collapse has raised calls for much need regulations over digital assets around the globe. Senior officials in the United States and Europe have noted the need for more regulations around cryptocurrencies.
Microstrategy’s Michael Saylor predicted a massive shakeout in the cryptocurrency market due to acceleration of regulation, which he said would be good for the Bitcoin community. It would be really best for Bitcoin if digital currencies, digital securities and digital properties are clearly defined with bright lines. “Regulation would eliminate confusion as Bitcoin is currently being undermined by the guilt of association with all the other tokens.”
On Wednesday (May 11), $LUNA, which is the native staking and governance token of Terra protocol, is trading below $10, which is a huge fall from the all-time high of $119.18, which was set just over five weeks ago.
Bitcoin miner Argo Blockchain on Wednesday said it will take on additional debt to buy equipment for its flagship Texas facility. The miner entered a series of loan agreements with crypto-focussed lender New York Digital Investment Group (NYDIG), under which the latter will provide Argo with up to $70.6 million in debt. Interest rates on the loans are set at 12%, and will mature in about two years. The funds will be directed towards Helios- Argo’s flagship mining facility in Dickens...
Ripple CEO Brad Garlinghouse on Saturday commended efforts from both Democrat and Republican Politicians to pass comprehensive crypto regulation in the United States. Garlinghouse’s comments were aimed at a recent bipartisan push to bring crypto regulation under the purview of the U.S. Commodity Futures Trading Commission (CFTC), as opposed to the Securities and Exchange Commission (SEC). The bill, called the Digital Commodity Exchange Act (DECA), seeks to classify crypto as a digital commodity, rather than a security. Debate over the nature...
Kraken, one of the largest crypto exchanges in the world, gained approval to operate in Abu Dhabi on Monday. The exchange joins a widespread push into the Middle East, amid growing crypto adoption in the region. The move was revealed in an announcement by Abu Dhabi’s market registration authority. The exchange is the first to receive a license to operate a regulated, digital asset exchange from the Abu Dhabi Global Market financial centre, the regulator said. The move comes amid increased...
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