Navigating the Future of International Technology
United States Congressman Tom Emmer slammed SEC Chair Gary Gensler during a congressional hearing, calling him the most “destructive” and “lawless” Chair in the regulator’s 90-year history. “You’ve made up the term crypto asset security. This term is nowhere to be found in statute, you made it up [and] you never provided any interpretive guidance…
Bitcoin has been mislabelled as a “risk-on” asset, according to BlackRock’s head of digital assets, Robbie Mitchnick. “What’s happened a little bit in the crypto industry is a bit of an own goal,” said Mitchnick in aninterviewwith Bloomberg on Sept. 24. “Some of the crypto research type publications and daily commentaries have taken the fact…
The Bank of New York Mellon (BNY) is moving toward providing custody services for its exchange-traded fund (ETF) clients’ Bitcoin and Ether after the United States Securities and Exchange Commission (SEC) gave it a pass on observing controversial crypto accounting guidelines. The SEC’s Office of the Chief Accountant conducted a review earlier this year and…
Lawmakers grilled SEC Chair Gary Gensler at a congressional hearing, with one calling him the most “destructive” Chair in the history of the SEC. Former Alameda Research CEO Caroline Ellison was sentenced to two years in prison, and a Bitget report suggests the TON ecosystem may need to separate itself from Telegram due to ongoing…
NEAR, the native token of the Near Protocol, continued its uptrend after rising by 2.3% over the last 24 hours to trade at $5.21. Data fromCointelegraph Markets ProandTradingViewshow that after falling to a Sept. 6 low at $3.41,NEAR$5.23climbed by 57% to establish an eight-week high at $5.36 on Sept. 24. NEAR $5.23 NEAR/USD daily chart….
Despite the growing popularity of cryptocurrencies and blockchain, the complexity of the technology might be making it hard for average users to understand, adding a barrier to more people entering the space. Accordingto an August survey conducted by Australian crypto exchange Swyftx, 43% of 2,229 respondents said they hadn’t used the tech because they were…
Coinbase’s lobbying group, Stand With Crypto, has retracted its labeling of Kamala Harris as “supports crypto” on its website and says it has now changed how it scores politicians following strong backlash. The group, which publishes its rankings of United States politicians on their support of crypto based on public comments, gave the Democrat’s presidential…
The United States Department of Justice (DOJ) has filed an antitrust suit against payments giant Visa for allegedly operating a debit payments monopoly. A complaintfiledin a federal court in New York on Sept. 24 alleged that Visa uses exclusivity agreements and the threat of penalties against vendors to prevent competition from infringing on the company’s…
Crypto betting platform Polymarket has received mainstream attention as betting pools on the United States presidential elections have helped the platformsurpass $1 billion in volume. Polymarket allows individuals to anonymously create market betting pools on almost any event, with outcomes determined in a binary “yes” or “no” format. While most users focus on straightforward bets,…
The Swedish Police Authority and the Financial Intelligence Unit (FIU) have classified cryptocurrency exchanges as “professional money launderers (PML)” following an analysis of services provided by unlicensed and illegal providers. According to the FIU, PMLs have criminal links and enable several individuals and criminal networks to systematically launder money. Based on their analysis of underlying…