Bitcoin

Britain lays out plans to regulate crypto industry after FTX collapse

British Prime Minister Rishi Sunak speaks during a question and answer session at Teesside University, January 30, 2023. Oli Scarff | Wpa pool | Getty Images News The UK has officially outlined plans to regulate the cryptocurrency industry, with the government looking to curb some of the reckless business practices that have emerged over the …

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Bitcoin climbs back above US$23,000 as most of the top 10 crypto tokens gain ground

Bitcoin prices broke above US$23,000 again during trading in Asia on Wednesday morning. Ether and most of the other top 10 non-stablecoin cryptocurrencies also rebounded from yesterday’s losses amid a strong rally in US stocks in January and optimism that the US economy is headed for a soft landing. Best Memecoin Dogecoin led the pack, …

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Russians Offer Ready Accounts For Crypto Exchange Amid Restrictions – Bitcoin News Exchanges

Russian crypto traders are trying to get unlimited accounts on global exchanges because their access to such platforms is limited. Over the past year, the supply of such accounts on the dark web has increased significantly, cyber security experts told Russian media. The supply of crypto exchange accounts for Russian users has doubled in the …

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Bitcoin falls in broad crypto pullback ahead of US Fed interest rate meeting

Bitcoin fell along with Ether and all 10 other leading non-stablecoin cryptocurrencies during morning trading on Tuesday in Asia, erasing most of Monday’s gains. Cryptocurrencies followed overnight declines in U.S. stock markets as traders appeared to be taking profits ahead of this week’s Federal Reserve rate meeting and a slew of tech earnings. Solana led …

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The arrival of NFTs in Bitcoin is causing a debate among crypto purists

(Bloomberg) — NFTs are coming to the Bitcoin blockchain, sparking debate among those who say the digital representations add a much-needed fresh use and purists worried about straying too far from the cryptocurrency’s peer-to-peer origins. mesh. Irreplaceable tokens like the now infamous Bored Apes and CryptoPunks are one of the driving forces that have made …

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US Senator Focused on Cracking Down on Crypto Money Laundering — Urges Congress and Regulators to Take Action — Regulation Bitcoin News

US Senator Elizabeth Warren called on Congress to ensure that regulators, such as the Securities and Exchange Commission (SEC), have the tools to effectively regulate the crypto industry and crack down on crypto money laundering activities. “The current legal structure essentially holds a giant sign above cryptocurrency that says money laundering is taking place here,” …

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Matrixport Joins Growing List Of Crypto And Blockchain Companies Laying Off Employees – Bitcoin News

Crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport COO Cynthia Wu cited a “change in the regulatory climate” and “industry-wide capitulations” as reasons for the layoffs. Matrixport lays off 10% of staff as crypto winter continues Jihan Wu’s …

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SEC Commissioner Calls for ‘Consistent Legal Framework’ for All Asset Classes, Including Crypto – Regulation Bitcoin News

The commissioner of the US Securities and Exchange Commission (SEC) called for a “coherent and consistent legal framework that works across all asset classes,” including crypto assets. She warned that the SEC’s current enforcement-oriented approach would take 400 years to review all crypto tokens that are purported to be securities. SEC Commissioner for Crypto Regulation …

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Crypto Whales Moved Over $317,000,000 in Bitcoin, Ethereum, XRP and Polygon – Here’s Where It’s Going

Deep-pocketed crypto investors are suddenly moving hundreds of millions worth of crypto assets, including the two leading digital assets by market cap, Bitcoin (BTC) and Ethereum (ETH). New data from whale-watching platform Whale Alert reveals that crypto whales have moved $317 million worth of BTC, ETH, Polygon (MATIC) and XRP over the past 24 hours. …

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China Starts Taxing Crypto Investors and Bitcoin Miners 20%

China has long had a complicated relationship with the cryptocurrency industry, and its government has been hesitant on policies that have ranged from an outright ban to examining the utility of blockchain. Recently, some local governments have started imposing a hefty income tax on cryptocurrencies. In particular, a number of crypto whales, miners and other …

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