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” ‘Home’ regulator could solve crypto’s ‘fragmented supervision’ issue: Comptroller “ Cryptocurrency firms operating multiple entities in different countries should be overseen by one consolidated “home” regulator to stop them from playing “games” aimed at skirting regulators, the acting head of the United States banking regulator has opined. Michael Hsu, the Acting Head of the…
” TeraWulf goes nuclear: 8,000 rigs spool up in Nautilus mining facility “ United States-based Bitcoin mining company TeraWulf has fired up a new crypto mining facility in Pennsylvania — solely running on nuclear power generated on-site. In Mar. 6 statement, TeraWulf said the Nautilus Cryptomine facility is its first “behind the meter” Bitcoin (BTC)…
” US trustee appeals FTX bankruptcy judge’s ruling to deny appointment of independent examiner “ Lawyers for Andrew Vara, the United States Trustee representing the interests of the Department of Justice in crypto exchange FTX’s bankruptcy proceedings, has filed an appeal against a federal judge’s denial of a motion appointing an independent examiner in the…
” Lawmakers should check the SEC’s wartime consigliere with legislation “ When Michael Corleone ordered hits on rival bosses in The Godfather, he had Don Cuneo locked inside a revolving door and shot. Getting whacked while trapped behind a barred door appears to be the treatment United States Securities and Exchange Commission Chair Gary Gensler…
” SEC continues streak of enforcement actions, targets BKCoin for alleged $100M fraud “ The United States Securities and Exchange Commission, or SEC, has targeted an investment adviser and individual allegedly connected to a $100-million cryptocurrency fraud in its latest enforcement action. According to a March 6 announcement, the SEC filed an emergency action on…
” Binance tried to hire Gary Gensler in 2018 for closer ties with U.S. regulators: Report “ Crypto exchange Binance sought to hire Gary Gensler as an advisor before he became chairman of the United States Securities and Exchange Commission (SEC), according to a Wall Street Journal report based on messages and documents from 2018…
” ‘Sorry for spreading a rumor’, says podcaster on Lido’s FUD “ Co-founder of content studio Bankless David Hoffman apologized for spreading rumors about what he called a “Wells Notice Carpet Bombing” targeting crypto firms, including the decentralized finance protocol Lido Finance. “Carpet bombing” was a reference to an allegedly flood of well notices sent…
” The crypto industry has ‘already started’ moving outside US, says Ripple CEO “ The United States Securities and Exchange Commission (SEC) regulation through “enforcement,” as opposed to “doing the work,” is not a “healthy way” to regulate an industry, and may result in the U.S. being a less attractive place for crypto innovation, suggests…
” CZ denounces false rumor ‘widely’ spread on China’s WeChat “ Binance CEO Changpeng “CZ” Zhao has denied a rumor that he had been “shot” by the U.S. federal law enforcement agency, which was “spread widely” across a Chinese messaging platform, in a recent tweet. In a Mar. 4 tweet, CZ addressed the false speculations…
” Bybit halts USD bank transfers citing partner outages “ Dubai-based crypto exchange Bybit has suspended United States dollar (USD) deposits via bank transfers in response to “service outages from a partner”. Funds can be withdrawn through wire transfers until March 10. In a blog post from March 4, the crypto firm said that “USD…