A bill has been passed in the city of Porto Alegre, Brazil, recognizing May 22 as Bitcoin Pizza Day. The mayor of the city, Sebastiao Melo, approved the law at the end of August. The bill was drafted by councilors Jesse Sangalli and Alexandre Bobadra, who were inspired by lectures they attended at the Bitcoin […]
Michael J. Saylor, co-founder of Microstrategy, believes that Bitcoin (BTC) could be the solution to Lebanon’s financial crisis. The country’s currency has lost 96% of its value against the US Dollar, leading to hyperinflation and banks imposing restrictions on dollar withdrawals. Saylor claims that commercial banks have failed Lebanon, and he sees Bitcoin as a […]
Hong Kong is positioning itself as a leading hub for cryptocurrency adoption, with an influx of crypto talent and positive regulatory developments. The combination of new Web3 projects and supportive regulations is expected to drive significant growth in the next four to five years. Despite the bear market, the technological advancements in the crypto sector […]
In a joint effort called “Operation Hyphen,” cryptocurrency exchange Kraken collaborated with the South East Regional Organised Crime Unit (SEROCU) to recover and return over $2 million worth of stolen cryptocurrency. The investigation focused on a fraudulent website called “iotaseed.io,” created by a 40-year-old individual from the Netherlands named Wybo Wiersma. Wiersma allegedly exploited unsuspecting […]
German Parliamentarian Joana Cotar has criticized the idea of introducing a Euro-based central bank digital currency (CBDC), stating that “no one needs it.” In a speech on November 9, Cotar argued that the European Central Bank (ECB) and politicians supporting a digital euro are motivated by a desire for total surveillance of the monetary system. […]
US Republican House Majority Whip Tom Emmer has introduced an appropriation amendment aimed at curbing the power of Securities and Exchange Commission (SEC) Chair Gary Gensler. Emmer criticizes Gensler’s anti-crypto stance, accusing him of regulatory abuse that stifles American innovation and capital formation. The amendment, which was unanimously passed by the US House of Representatives, […]
The cryptocurrency exchange JPEX is facing further developments in its ongoing saga. Taiwan prosecutors have reportedly identified new alleged suspects in the case. The Taipei District Prosecutors Office (TDPO) has requested the custody of Chang Tung-ying, the chief partner at JPEX’s Taiwan office, over allegations of fraud. The authorities have also summoned three other individuals, […]
The Turkish Finance Minister has introduced a draft law for the regulation of cryptocurrencies, aiming to bring “legal certainty” and impose “strict requirements.” This move comes after Turkey was placed on the gray list by the Financial Action Task Force (FATF) for not being vigilant enough against money laundering. Turkey’s Finance Minister claims that they […]
Pro-crypto Congressman Tom Emmer has introduced an amendment to the federal budget that aims to prevent the Securities and Exchange Commission (SEC) from using government funds for crypto enforcement activities. The amendment, which has passed unopposed, states that the SEC cannot engage in enforcement related to digital asset transactions until Congress grants the agency jurisdiction […]
Gemini, a cryptocurrency exchange, has announced measures to comply with the controversial crypto Travel Rule in the United Kingdom. However, this move has been met with criticism from a Trezor analyst who believes it is a step towards overregulation and will limit customers’ freedom for self-custody of their crypto assets. Starting on November 17, Gemini […]
