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FDUSD depegged to $0.87, and Wintermute capitalized on it, making $3 million in profit
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 [...]
The post US lawmakers demand SEC to disclose information on crypto company supported by Trump family appeared first on Crypto Breaking News.
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 [...]
The post How Market Makers are Sabotaging Cryptocurrency Projects with Covert Deals appeared first on Crypto Breaking News.
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.
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 [...]
The post Tech Industry Leaders Call for AI Labs to Pause Development for Safety, Coinbase CEO Disagrees appeared first on Crypto Breaking News.
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. [...]
The post Paxos CEO Calls on US Lawmakers to Implement Cross-Border Stablecoin Regulations appeared first on Crypto Breaking News.
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 [...]
The post European Lawmakers Remain Tight-Lipped on US Bitcoin Reserve amidst Digital Euro Initiative appeared first on Crypto Breaking News.
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 [...]
The post EU lawmakers push for stricter rules on anonymous crypto transfers appeared first on Crypto Breaking News.
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 [...]
The post Ledger Unveils Tradelink: A Custodial Crypto Trading Platform Tailored for Institutions appeared first on Crypto Breaking News.
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 [...]
The post Bill Seeks to Oblige South Korean Lawmakers to Declare Crypto Assets appeared first on Crypto Breaking News.
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.
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 [...]
The post Right to Pay With Cash Enshrined in Constitution of Slovakia Amid Digital Euro Fears appeared first on Crypto Breaking News.
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)
Battle lines are being drawn over crypto in Congress but industry executives remain optimistic.
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 […]
"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)
The infamous collapse of Terra may have hastened the creation of a supervision and control entity for virtual assets, which is set to launch in early June.
Following the collapse of TerraUSD and the loss of billions of dollars in the market, crypto industry representatives are trying to assuage concerns from lawmakers about the future of stablecoins.
Continue reading US Crypto Lobbyists Try to Calm Stablecoin Collapse Concerns at DailyCoin.com.
The head of the South African central bank has insisted that regulators and policymakers should be involved in directing any potential move to markets that are based on distributed ledger technology (DLT). Pondering the Implications of Innovation The governor of the South African Reserve Bank (SARB), Lesetja Kganyago, has argued that central banks, regulators, and […]
As regulatory concerns about the $2.1 trillion crypto sector grow, lawmakers of the European Union have voted in favor of outlawing anonymous crypto transactions.
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