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Bitcoin
Crypto Firm Abra Said to be Insolvent in Texas State Regulators’ Cease-and-Desist Order
According to an emergency cease-and-desist order from the Texas State Securities Board, the cryptocurrency firm Abra is “insolvent or nearly insolvent.” The filing alleges that a group of state securities regulators has been…
First Mover Asia: Hong Kong as Crypto Hub? The City’s Strict Banking Requirements May Be an…
A Hong Kong-based entrepreneur says that while the digital assets regulation is "overall friendly," banking regulations will make the industry's growth there difficult. ALSO: Bitcoin surges post-BlackRock iShares ETF filing but the rally…
Token Sale Ahead: Celsius to Convert Customer ‘Altcoins’ to BTC and ETH
Amid the regulatory crackdown in the United States, the bankrupt crypto lender Celsius has announced that all of its customers’ “altcoins” will be converted to bitcoin (BTC) and ethereum (ETH). Over $215 million worth…
House Financial Services Republicans Blast SEC’s Proposed Rule, State Gensler Is Pushing ‘His Own…
Republicans of the House Financial Services Committee have criticized U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, stating he is using Rule 3b-16 amendments to impose his views on cryptocurrency assets. In a letter sent…
BlackRock’s iShares Files Paperwork for Spot Bitcoin ETF
The SEC has rejected numerous attempts by other fund companies to launch a spot bitcoin ETF.
Prometheum Testimony Raises Doubts: Crypto Community Questions Credibility Amid Regulatory Clarity…
The crypto community is abuzz with discussions on social media about the recent United States House Committee hearing held on June 13, 2023, which delved into regulatory clarity within the crypto industry. Notably, the co-CEO of an obscure…
50 Dormant Bitcoins Worth $1.25 Million Wake Up After 12-Year Slumber
A dormant bitcoin address holding 50 bitcoin, valued at approximately $1.25 million, suddenly sprang to life on June 15 after being inactive since June 21, 2010. This month has seen only one 2010 block reward transfer, with the previous two…
Microstrategy’s Saylor Envisions Bitcoin-Only Future for Crypto Industry as US Regulators Hammer the…
According to Microstrategy founder Michael Saylor, regulators perceive no “legitimate path forward” for cryptocurrencies such as stablecoins, crypto securities, and tokens. In an interview with Bloomberg on Tuesday, Saylor…
Economist Discusses Viability of BRICS Currency — Says Pegging to Chinese Yuan Would Be ‘First Major…
An economist, who previously worked at the Bank for International Settlements (BIS), has provided insights on the possibility of a BRICS currency coexisting with the U.S. dollar. Noting that China is a major trading partner of all BRICS…
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Due to the unique traits it presents, Latin America has been a thriving region for cryptocurrency, as the technology aims to complement or even substitute traditional finance components that cannot be used in certain countries in the area.…