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US SEC and Binance File Joint Motion in US Court Seeking 60-Day Pause on Legal Battle
In a joint motion filed in the District Court of Columbia, Binance and the SEC requested a 60-day pause in their nearly two-year legal battle. They argued the stay would conserve resources as a newly formed US task force works on clearer crypto regulations.
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Bitcoin Price Drops to $97,800 Alongside Most Altcoins Amid Ongoing Market Slump
The overall capitalisation of the crypto market slipped by 0.90 percent in the last 24 hours. Bitcoin and Ether both reflected losses on February 7. Solana, Cardano, and Avalanche joined most altcoins in logging losses amid the ongoing trade war between the US and China. Iota and Qtum, meanwhile, managed to hold onto small profits.
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US FDIC to Reevaluate 'Supervisory Approach' to Crypto-Related Activities
Travis Hill, the interim chief of the US FDIC said that the agency will review and revise its previously suggested anti-crypto directives to American banks. This week, the US senators gathered for a hearing about the debanking of crypto clients in the US, during which he presented a 790-page document featuring letters from US’ banking community w...
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US Crypto Czar David Sacks Begins Studying Feasibility of US Bitcoin Reserve
White House crypto czar David Sacks said on Tuesday that the feasibility of Donald Trump's plan to create a national Bitcoin reserve is still being studied. While meeting with lawmakers to advance the new president's digital asset policies, Sacks mentioned that a future announcement will authorise outreach with the crypto industry.
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India Reviewing Crypto Position Due to Global Changes, Economic Affairs Secretary Says
India is reviewing its stance on cryptocurrencies. The review, which follows crypto-friendly policy announcements by US President Donald Trump, could further delay publication of a discussion paper on cryptocurrencies that was due for release in September 2024.
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Bitcoin Falls to $94,000 as Market Sees Over 9 Percent Drop Following Trump's New Tariff Decisions
US President Donald Trump has announced new tariffs on imports from China, Mexico, and Canada, triggering heightened volatility in the crypto market over the weekend. As a result, most cryptocurrencies, including Bitcoin and Ether, are trading in the red on Monday, February 3. Over the past 24 hours, the total cryptocurrency market capitalisation h...
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US SEC Gives Initial Approval to Combined Bitcoin, Ether ETF
The Bitwise Bitcoin and Ethereum ETF from Bitwise Asset Management would seek to provide investors with a balanced exposure to the two digital assets, weighted by their market capitalisation. The US regulator in a filing approved the so-called form 19b-4, one step in the overall process that would allow the product to start trading.
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ECB President Says Bitcoin Won't Enter Reserves of Any EU Central Banks
Ales Michl, the governor of Czech Republic’s central bank, suggested ECB’s General Council to consider adding Bitcoin as part of its reserved assets. Dismissing the suggestion, Lagarde said reserved assets need to be liquid and secure – criteria she feels are not strong with BTC for now.
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Bitcoin Price Hovers Above $100,000 Despite 3.3 Percent Drop Ahead of US Federal Open Market Committee Meeting
The overall crypto market cap dropped by 1.17 percent in the last 24 hours. Bitcoin and Ether, both showed losses ahead of the FOMC meeting scheduled for Wednesday, January 29. Most altcoins including Solana, Dogecoin, and Shiba Inu registered losses.
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KuCoin Pleads Guilty, Agrees to Pay Nearly $300 Million in US Crypto Case
KuCoin has pleaded guilty on Monday to operating an unlicensed money transmitting business. Prosecutors said Seychelles-based KuCoin had been used to facilitate billions of dollars of suspicious transactions, and to transmit potential criminal proceeds including from darknet markets and malware, ransomware and fraud.
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Morgan Stanley Will Work With US Regulators to Examine Safe Ways to Offer Crypto, CEO Says
In a fresh development, Morgan Stanley CEO, Ted Pick has said that the bank wishes to examine if it can act as a crypto transactor while keeping its regulatory obligations intact. To do so, the New York City-headquartered bank plans to ramp-up discussions with US lawmakers in the coming months. Â
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US President Donald Trump Signs Executive Actions Related to Crypto, AI
The crypto order creates a working group to advise the White House on digital asset policies and will include the involvement of key federal agencies, like the Treasury Department, Justice Department, Securities and Exchange Commission and the Commodity Futures Trading Commission.
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Explainer: How Would A US Bitcoin Strategic Reserve Work
A strategic reserve is a stock of a critical resource that can be released at times of crisis or supply disruptions.
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US Court Reverses OFAC’s Sanctions Against Crypto Mixer Tornado Cash
On January 21, the US District Court for the Western District of Texas reversed OFAC’s sanctions against Tornado Cash. The US Treasury’s Office of Foreign Assets Control (OFAC) levied sanctions against the platform in 2022 for allegedly becoming a solution for money launderers to move illegal funds around.
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US SEC Unveils Task Force to Start Work on Crypto Regulations
The US SEC has created a task force to develop a regulatory framework for crypto assets. The task force will help lawmakers as they draft crypto-related legislation while coordinating with other federal bodies, such as the Commodity Futures Trading Commission, as well as state and foreign agencies.
-
US SEC and Binance File Joint Motion in US Court Seeking 60-Day Pause on Legal Battle
In a joint motion filed in the District Court of Columbia, Binance and the SEC requested a 60-day pause in their nearly two-year legal battle. They argued the stay would conserve resources as a newly formed US task force works on clearer crypto regulations.
-
Bitcoin Price Drops to $97,800 Alongside Most Altcoins Amid Ongoing Market Slump
The overall capitalisation of the crypto market slipped by 0.90 percent in the last 24 hours. Bitcoin and Ether both reflected losses on February 7. Solana, Cardano, and Avalanche joined most altcoins in logging losses amid the ongoing trade war between the US and China. Iota and Qtum, meanwhile, managed to hold onto small profits.
-
US FDIC to Reevaluate 'Supervisory Approach' to Crypto-Related Activities
Travis Hill, the interim chief of the US FDIC said that the agency will review and revise its previously suggested anti-crypto directives to American banks. This week, the US senators gathered for a hearing about the debanking of crypto clients in the US, during which he presented a 790-page document featuring letters from US’ banking community w...
-
US Crypto Czar David Sacks Begins Studying Feasibility of US Bitcoin Reserve
White House crypto czar David Sacks said on Tuesday that the feasibility of Donald Trump's plan to create a national Bitcoin reserve is still being studied. While meeting with lawmakers to advance the new president's digital asset policies, Sacks mentioned that a future announcement will authorise outreach with the crypto industry.
-
India Reviewing Crypto Position Due to Global Changes, Economic Affairs Secretary Says
India is reviewing its stance on cryptocurrencies. The review, which follows crypto-friendly policy announcements by US President Donald Trump, could further delay publication of a discussion paper on cryptocurrencies that was due for release in September 2024.
-
Bitcoin Falls to $94,000 as Market Sees Over 9 Percent Drop Following Trump's New Tariff Decisions
US President Donald Trump has announced new tariffs on imports from China, Mexico, and Canada, triggering heightened volatility in the crypto market over the weekend. As a result, most cryptocurrencies, including Bitcoin and Ether, are trading in the red on Monday, February 3. Over the past 24 hours, the total cryptocurrency market capitalisation h...
-
US SEC Gives Initial Approval to Combined Bitcoin, Ether ETF
The Bitwise Bitcoin and Ethereum ETF from Bitwise Asset Management would seek to provide investors with a balanced exposure to the two digital assets, weighted by their market capitalisation. The US regulator in a filing approved the so-called form 19b-4, one step in the overall process that would allow the product to start trading.
-
ECB President Says Bitcoin Won't Enter Reserves of Any EU Central Banks
Ales Michl, the governor of Czech Republic’s central bank, suggested ECB’s General Council to consider adding Bitcoin as part of its reserved assets. Dismissing the suggestion, Lagarde said reserved assets need to be liquid and secure – criteria she feels are not strong with BTC for now.
-
Bitcoin Price Hovers Above $100,000 Despite 3.3 Percent Drop Ahead of US Federal Open Market Committee Meeting
The overall crypto market cap dropped by 1.17 percent in the last 24 hours. Bitcoin and Ether, both showed losses ahead of the FOMC meeting scheduled for Wednesday, January 29. Most altcoins including Solana, Dogecoin, and Shiba Inu registered losses.
-
KuCoin Pleads Guilty, Agrees to Pay Nearly $300 Million in US Crypto Case
KuCoin has pleaded guilty on Monday to operating an unlicensed money transmitting business. Prosecutors said Seychelles-based KuCoin had been used to facilitate billions of dollars of suspicious transactions, and to transmit potential criminal proceeds including from darknet markets and malware, ransomware and fraud.
-
Morgan Stanley Will Work With US Regulators to Examine Safe Ways to Offer Crypto, CEO Says
In a fresh development, Morgan Stanley CEO, Ted Pick has said that the bank wishes to examine if it can act as a crypto transactor while keeping its regulatory obligations intact. To do so, the New York City-headquartered bank plans to ramp-up discussions with US lawmakers in the coming months. Â
-
US President Donald Trump Signs Executive Actions Related to Crypto, AI
The crypto order creates a working group to advise the White House on digital asset policies and will include the involvement of key federal agencies, like the Treasury Department, Justice Department, Securities and Exchange Commission and the Commodity Futures Trading Commission.
-
Explainer: How Would A US Bitcoin Strategic Reserve Work
A strategic reserve is a stock of a critical resource that can be released at times of crisis or supply disruptions.
-
US Court Reverses OFAC’s Sanctions Against Crypto Mixer Tornado Cash
On January 21, the US District Court for the Western District of Texas reversed OFAC’s sanctions against Tornado Cash. The US Treasury’s Office of Foreign Assets Control (OFAC) levied sanctions against the platform in 2022 for allegedly becoming a solution for money launderers to move illegal funds around.
-
US SEC Unveils Task Force to Start Work on Crypto Regulations
The US SEC has created a task force to develop a regulatory framework for crypto assets. The task force will help lawmakers as they draft crypto-related legislation while coordinating with other federal bodies, such as the Commodity Futures Trading Commission, as well as state and foreign agencies.
