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“# UK lawmakers form crypto advocacy group for parliament: Report ” Lisa Cameron, a member of parliament for the United Kingdom’s House of Commons, is reportedly chairing a lobbying group aimed at promoting crypto-related legislation in government. According to a Friday report from the Financial Times, members of parliament, as well as members of the…
“# Hong Kong-based Coinsuper allegedly blocks customers’ withdrawals ” A cryptocurrency exchange in Hong Kong has reportedly stopped all withdrawal requests, according to reports. Coinsuper is the sole crypto firm in China that is licensed by the government, and was founded by a former senior UBS Group AG executive in November 2017. The report by…
“# SEC files complaint against operator of ‘unregistered’ $33M Crowd Machine ICO ” The United States Securities and Exchange Commission (SEC) has filed a suit against Australian Craig Derel Sproule for the allegedly “fraudulent and unregistered” sale “of digital asset securities” in an Initial Coin Offering his company conducted in 2018. The SEC alleges in…
“# Dapper Labs becomes the first NFT company to register to lobby with the US government ” Based in Vancouver, Dapper Labs offers a variety of nonfungible token (NFT)-based products and DApps. These include games like CryptoKitties, where players can breed and raise NFT kittens, and Cheeze Wizards, a tournament series where collectible characters can…
“# NYC mayor getting paid in Bitcoin suggests buying the dip ” Newly sworn-in New York City Mayor Eric Adams is already using his influence to publicly speak about buying the recent Bitcoin dip. In a Thursday interview with CNBC’s Squawk Box, Adams said he had not yet received his first paycheck as the mayor…
“# Crypto trades in Thailand now reportedly subject to 15% capital gains tax ” The government of Thailand is progressing in regulating the local cryptocurrency ecosystem by reportedly enacting new tax rules for the industry. Profits from crypto trading in Thailand are now subject to a 15% capital gains tax, The Bangkok Post news agency…
“# Bitcoin price drops to $43.7K after Fed minutes re-confirm plans to hike rates ” Bitcoin (BTC) and the wider cryptocurrency market fell under as equities markets pulled back at the closing bell after minutes from the Federal Reserve’s December FOMC meeting showed that the regulator is committed to decreasing its balance sheet and increasing…
“# Kazakh government resigns, shuts down internet amid protests, causing Bitcoin network hash rate to tumble 13.4% ” On Wednesday, Kazakhstan, the second-largest country in the world when it comes to Bitcoin (BTC) mining hash rate, experienced unprecedented political unrest due to a sharp rise in fuel prices. As a result, the country’s presiding cabinet…
“# President Biden is considering economists to fill Fed seats as leadership nominations move to Senate: Report ” The White House is reportedly considering an Obama-era economic adviser and former Fed economist to fill the empty seats on the board of governors of the Federal Reserve System in 2022. According to a Wednesday report from…
“# Bitcoin ETF decision delayed, SEC commissioner wonders why ” The United States Securities and Exchange Commission has postponed its decision to approve NYDIG’s spot exchange-traded fund (ETF) for Bitcoin (BTC), delaying until March 16. In a notice published on Tuesday, the SEC found it “appropriate to designate a longer period within which to issue…