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“# Diem tells Senators on the warpath over Novi: We’re not actually Facebook ” Stablecoin project Diem has distanced itself from its Facebook in response to Democrat Senators calling for the immediate cessation of the firm’s Novi crypto wallet. Diem also claimed senior regulators had called it “the best-designed stablecoin project that the U.S. government…
“# Coinbase unveils its Digital Asset Policy Proposal to spark conversation around comprehensive crypto regulation ” On Oct. 14, cryptocurrency exchange platform Coinbase published its Digital Asset Policy Proposal, a document offering both a justification and conceptual framework for comprehensive regulation of digital assets in the United States. Coinbase presented the proposal as a product…
“# FTX.US expands NFT marketplace to support Solana tokens ” FTX.US’s NFT marketplace has expanded support to the Solana blockchain, enabling users to trade, deposit and withdraw nonfungibles that conform to the Metaplex token standard. The U.S. registered branch of FTX announced the expanded functionality on Oct. 11, revealing the marketplace also plans to support…
“# Law Decoded: Infrastructure woes and benevolent punishments, Sept. 27–Oct. 3 ” This week, United States lawmakers and regulators have stolen much of the spotlight once more. The cryptocurrency-related provisions of the infrastructure bill, a tiny grain of sand in the grand scheme of the omnibus legislation, had all laser eyes glued to the fateful…
“# U.S. government goes to court over $11M USDT purportedly stolen by fake Coinbase rep ” On September 17, a group of officials led by U.S. attorney Tracy Wilkinson have filed a civil complaint in the United States District Court for the Central District of California claiming that they have identified four digital wallets holding…
“# Treasury attempts to squeeze further crypto-related data sharing provisions in budget bill: Roll Call ” U.S. Department of the Treasury will reportedly push to extend the reach of new rules designed to govern the cryptocurrency space. Closely following the infrastructure package freighted with last-minute crypto taxation provisions is the upcoming budget reconciliation bill that…
“# How does the infrastructure bill affect the mining industry in the US? ” On August 10, the United States Senate voted to pass a $1 trillion bill to revitalize America’s infrastructure. From the standpoint of the crypto community, miners in particular, the Senate’s foray into crypto legislation has been a disaster. Unless the language…
“# SEC boss says DeFi platforms are ‘highly centralized’ and will need to register ” Gary Gensler, chairman of the U.S. Securities and Exchange Commission stated that DeFi is highly centralized in certain aspects and urged projects working in the sector to register with the SEC. Speaking to The Wall Street Journal on Aug. 19,…
“# Bitcoin slides with S&P500 as Fed signals tapering $120B monthly bond purchases ” Bitcoin (BTC) prices briefly fell below $44,000 on Aug. 19 as the United States Dollar strengthened after the Federal Reserve policy minutes revealed their intentions to limit their bond-purchasing program this year. Bitcoin risks $45,000 becoming new resistance The spot BTC/USD…
“# Coinbase CEO Brian Armstrong says proposed crypto tax rule makes no sense ” Coinbase CEO Brian Armstrong is the latest crypto figure to come out against the wording of the proposed changes to cryptocurrency taxation in America. Tweeting on Wednesday, Armstrong stated that the provisions included in the crypto taxation proposal could have a…