Crypto Industry Mobilizes Support for Crypto-Friendly Candidates in 2024 Elections

The US cryptocurrency industry is rallying behind political candidates who support crypto-friendly policies. Through the Fairshake Political Action Committee (PAC), a non-profit organization advocating for social and economic justice, over $78 million has been raised from leading venture firms, exchanges, and crypto industry leaders. Notable contributors include Andreessen Horowitz, Ark Invest, Coinbase, Circle, and Ripple, […]

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Revelations of Pre-Mined ETH Distribution Threaten Ethereum’s Stability

More details have emerged about Ethereum’s Initial Coin Offering (ICO), with revelations from an insider that could potentially destabilize the Ethereum ecosystem. Former Ethereum core developer Lane Rettig recently made a video in which he claimed that 70% of pre-mined ETH was immediately distributed, with the majority going to the Ethereum founders.These revelations have reignited […]

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UK Allows FCA and Bank of England to Launch Digital Securities Sandbox

The United Kingdom has introduced new regulations that allow the Financial Conduct Authority (FCA) and the Bank of England (BoE) to operate a sandbox for tokenized securities. The Digital Securities Sandbox (DSS) regulations, which will take effect on January 8, 2024, enable UK-based investment exchanges, investment firms, central securities depositories, and recognised central counterparties to […]

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Extradition Approval for Terraform Labs Founder Do Kwon Revoked Due to Procedural Irregularities

The Appellate Court of Montenegro has revoked the extradition approval for Do Kwon, the founder of Terraform Labs, following an appeal by his defense attorneys. The court cited procedural irregularities in the legal process as the basis for its decision, raising questions about the extradition requests from the United States and South Korea.Kwon’s detention has […]

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Ripple CEO Urges Industry Unity to Support Pro-Crypto Candidates in 2024 US Presidential Election

Ripple CEO Brad Garlinghouse is calling for unity within the crypto industry to support pro-crypto candidates in the upcoming 2024 US presidential election. He believes that it is crucial to counter the anti-crypto and anti-innovation stance taken by the Biden administration, particularly regarding blockchain technology. Garlinghouse emphasizes the need to support candidates who champion innovation […]

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Revolut Temporarily Suspends Crypto Services for UK Businesses in Response to FCA Regulations

Revolut, a leading fintech platform, will temporarily suspend certain cryptocurrency services for its UK business customers starting January 3, 2024. This decision is in response to the Financial Conduct Authority’s (FCA) crackdown on cryptocurrency advertising and the upcoming enforcement of new regulations on January 8.The suspension will only affect Revolut’s UK business clients, while other […]

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Cryptocurrency Industry Leaders Launch $78 Million PAC Fund for 2024 Elections

As the 2024 election cycle approaches, three political action committees (PACs) backed by influential figures in the cryptocurrency industry are preparing to make a significant impact with a $78 million war chest. The alliance, consisting of Fairshake and its affiliated super PACs, Protect Progress and Defend American Jobs, aims to shape the political landscape by […]

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Crypto Industry Mobilizes to Influence 2024 US Elections

A group of super PACs, backed by cryptocurrency executives and investors, has raised around $78 million to support pro-crypto political candidates in the 2024 US elections. This initiative aims to sway the elections in favor of candidates who are supportive of cryptocurrency and blockchain innovation.Key players in this effort include prominent cryptocurrency firms like Ripple […]

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Coinbase CEO Challenges SEC’s Rejection of Crypto Regulation Petition

Brian Armstrong, the CEO of Coinbase, has responded positively to the US Securities and Exchange Commission’s (SEC) decision to dismiss the company’s petition for a new regulatory framework for digital assets. Coinbase argued that the current application of securities statutes and regulations to crypto assets is unworkable, but the SEC disagreed, stating that existing laws […]

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Revolut Halts Cryptocurrency Purchases on UK Business Platform to Comply with New Regulations

Neobank Revolut will temporarily suspend cryptocurrency purchases on its business platform in the UK starting from the new year. The decision comes as the company aims to comply with new regulations set by the Financial Conduct Authority (FCA) regarding the promotion of cryptocurrencies. While purchasing will be halted, customers will still be able to hold […]

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