Bipartisan push for Ethereum ETF gains momentum in Congress

A bipartisan group of US lawmakers advised the Securities and Exchange Commission (SEC) in a May 22 letter to approve spot Ethereum exchange-traded funds (ETFs). The letter signatories included Financial Committee Vice Chairman Rep. French Hill, House Majority Whip Tom Emmer, and Representatives Josh Gottheimer, Mike Flood, and Wiley Nickel. Ethereum ETF In the letter […]

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US lawmakers urge SECs Gensler to approve spot Ethereum ETF

U.S. lawmakers argue that a potential spot Ether ETF would offer investors access to ETH in a more regulated and safer format.

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Argentine Lawmakers Support Investigation into Libra Crypto Scandal Involving Milei

The Argentine Chamber of Deputies endorses an investigation into the Libra scandal involving economist Javier Milei. The controversial figure has been accused of unethical practices related to the Libra cryptocurrency project. Milei’s involvement in the scandal has raised concerns among lawmakers and the public alike. The probe seeks to uncover the truth behind Milei’s actions [...]

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US lawmakers push forward bill to ban central bank digital currencies

In a recent move, legislators in the United States have approved a bill that aims to counter the potential development of a Central Bank Digital Currency (CBDC) by the government. The decision to move forward with this anti-CBDC bill comes amidst growing concerns about the implications and impact of a state-backed digital currency. The bill, [...]

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FDUSD Depeg: Wintermute Rescues Situation in 24 Hours

FDUSD depegged to $0.87, and Wintermute capitalized on it, making $3 million in profit

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US lawmakers demand SEC to disclose information on crypto company supported by Trump family

Lawmakers in the United States are calling on the Securities and Exchange Commission (SEC) to take action against Mark Uyeda and World Liberty Financial following allegations of misconduct brought against them by President Donald Trump. The SEC has been urged to investigate Uyeda and World Liberty Financial for potential violations of securities laws. This move [...]

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How Market Makers are Sabotaging Cryptocurrency Projects with Covert Deals

Market makers, despite operating discreetly, are posing a significant threat to various cryptocurrency projects. These entities play a critical role in providing liquidity to the market, but their actions can result in negative consequences for projects in the long run. Market makers are professional traders or firms that create liquidity by simultaneously placing buy and [...]

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China to gain most from restrictive US crypto regulations: Coinbase CEO

The Coinbase CEO has been hugely critical of the U.S. failure to provide the crypto industry with regulatory clarity and has long argued it will push firms offshore.

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Tech Industry Leaders Call for AI Labs to Pause Development for Safety, Coinbase CEO Disagrees

This week, 2,600 tech industry moguls and entrepreneurs, including Elon Musk, Gary Marcus, and Steve Wozniak, signed an open letter requesting artificial intelligence (AI) labs to pause research and development for six months. The signatories believe that safety programs and regulations need to be strengthened, as they assert that AI labs are currently in an [...]

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Paxos CEO Calls on US Lawmakers to Implement Cross-Border Stablecoin Regulations

Paxos CEO: U.S. Legislation to Determine Cross-Border Stablecoin Regulation The CEO of Paxos, a leading blockchain and cryptocurrency company, recently discussed the impact of U.S. legislation on the regulation of stablecoins across borders. In a statement, he emphasized the need for clear and inclusive regulations that foster innovation while protecting consumers and maintaining financial stability. [...]

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European Lawmakers Remain Tight-Lipped on US Bitcoin Reserve amidst Digital Euro Initiative

European legislators have kept mum on the suggestion made by former US President Donald Trump to create a national Bitcoin reserve. This silence comes at a time when central bank digital currencies (CBDCs) are gaining momentum globally. Despite Trump’s endorsement of Bitcoin and its potential as a national reserve asset, European lawmakers have refrained from [...]

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EU lawmakers push for stricter rules on anonymous crypto transfers

European Union lawmakers have adopted new draft legislation that would impose a 1000 euro ($1,083) cap on anonymous crypto asset transfers in a bid to combat money laundering and terrorist financing. According to a European Parliament statement published on March 28, the limit would apply to a crypto asset transfer in cases when a customer [...]

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Ledger Unveils Tradelink: A Custodial Crypto Trading Platform Tailored for Institutions

On June 28, the crypto hardware wallet manufacturer and security firm Ledger unveiled its latest offering, a digital currency exchange and custodial solution service, specifically tailored for institutions. The new service, known as Tradelink, has been heralded by Ledger as “the first open network to enable custodial trading via exchange and custodial partners.” Ledger Targets [...]

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Bill Seeks to Oblige South Korean Lawmakers to Declare Crypto Assets

A new bill requiring South Korean lawmakers to disclose their cryptocurrency holdings has been proposed in Seoul. The legislative initiative comes amid a snowballing scandal surrounding the crypto dealings of an opposition lawmaker whose case has been referred to the parliamentary ethics committee. New Legislation to Introduce Crypto Reporting Requirements for South Korean Parliamentarians Representatives [...]

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Eve Online Developer ‘CCP Games’ Enters Web3 Space, Secures $40M Funding for Blockchain Game Launch

The new project will use blockchain technology and smart contracts to develop core game systems in the Eve ecosystem.

The post Eve Online Developer ‘CCP Games’ Enters Web3 Space, Secures $40M Funding for Blockchain Game Launch appeared first on BitPinas.

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Right to Pay With Cash Enshrined in Constitution of Slovakia Amid Digital Euro Fears

A member of the eurozone is amending its constitution in order to guarantee citizens the right to cash payments. The move comes amid growing fears that a digital version of the common European currency may eventually become the only means of payment in the eurozone, despite currently being touted as merely an alternative. Lawmakers in [...]

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Silvergate Bank Voluntary Liquidation Sparks Controversy in Crypto Industry

The recent announcement of Silvergate Bank’s voluntary liquidation has led to a heated debate in the crypto industry, with some lawmakers labeling the sector as “risky” and “volatile.” Crypto executives and commentators have criticized these remarks and suggested that government investigations and legal attacks hastened the bank’s collapse. As Silvergate winds down, some crypto firms are seeking alternative banking partners amid concerns of regulatory crackdowns and proposed tax law changes. (Read More)

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100 crypto lobbyists prepare for the fight of their lives as Congress resumes

Battle lines are being drawn over crypto in Congress but industry executives remain optimistic.

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Cryptocurrency Now Recognized As Regulated Financial Instruments And Goods: UK Lawmakers

The United Kingdom’s newest prime minister, Rishi Sunak, is a huge crypto enthusiast. As Sunak supports cryptocurrency it has been made clear that he wants to turn the UK into a major center for it. In the midst of this, UK Lawmakers have decided to accept cryptocurrencies as regulated goods and financial instruments. The inclusion of […]

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Baby Shark's Second NFT Collection to Go Live on Aug 31

"Baby shark doo...", the second edition NFT collection of the most watched YouTube video, Baby Shark, is set to open for minting by the end of this month. (Read More)

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