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“# Bitcoin caught in the crossfire as Turkish opposition leader voices support ” Shortly after a Friday morning “diktat” from Turkey’s freshly-appointed central bank governor that effectively banned any and all use of cryptocurrency in the country, Bitcoin now appears caught in a partisan dustup as a Turkish opposition party leader has voiced support for…
“# Turkey to ban cryptocurrency payments ” 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…
“# Our Man in Shanghai: Coinbase listing scorned, graphics cards seized, nostalgia coins rule ” It was a relatively quiet week in China’s blockchain space as events were overshadowed by the surge in the BTC price and the Coinbase direct listing in the U.S. Many locals reacted with surprise to the news, showing that exposure…
“# There will be drama, warns WEF expert on Bitcoin regulation ” 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…
“# Republican Kevin McCarthy says Fed chair needs more education on crypto ” 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…
“# Galaxy Digital submits Bitcoin ETF application with SEC ” 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…
“# Why cryptocurrency is booming in India despite national ban fears ” 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…
“# US isn’t prepared to regulate new industries like crypto, says Ripple CTO ” David Schwartz, chief technology officer at Ripple Labs, says U.S. regulators’ response to the crypto industry may help XRP in the end but is also likely to hurt burgeoning companies. The Ripple CTO told Cointelegraph he believed many crypto and blockchain…
“# Crypto lobby groups are gaining traction in Washington as the threat of regulatory bottleneck 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. …
“# Coinbase and Square lead new crypto lobbying effort ” Major stakeholders in the cryptocurrency scene, like Coinbase and Square, have formed an alliance to better relate with policymakers and regulators on the subject of crypto regulations. They are joined by other major players in the cryptocurrency scene, such as Fidelity Digital Assets and crypto-focused investment…