In a significant development for the crypto industry, the United Kingdom’s His Majesty’s Treasury (HMT) has released an update on the regulatory framework for crypto assets. The announcement demonstrates the UK’s commitment to fostering an open and well-regulated capital market that embraces the potential of cryptocurrencies and blockchain technology. The HMT’s response covers several key […]
Billionaire investor Stanley Druckenmiller recently praised Bitcoin for establishing itself as a recognizable brand over the past 17 years. In an interview with hedge fund manager Paul Tudor Jones, Druckenmiller compared Bitcoin to gold as a store of value. While he personally does not own any Bitcoin, he acknowledged that young people view it as […]
The trial of Terraform Labs co-founder Shin Hyun-Seong and seven others has begun in Seoul, South Korea. Shin is accused of defrauding investors, and the question of whether Luna is a security is also being addressed. Shin, who left Terraform in 2020, claims that the company’s bankruptcy was due to the unreasonable operation of the […]
Following the tragic events in Israel in October, a narrative emerged linking Hamas funding to cryptocurrencies. The Wall Street Journal published a story on October 10, authored by Angus Berwick and Ian Talley, which fueled Senator Elizabeth Warren’s campaign against the crypto sector. However, subsequent insights from Chainalysis and Elliptic cast doubt on these claims, […]
The UK Treasury has finalized its regulatory approach to the crypto industry, with a phased introduction set to begin in early 2024. The first phase will focus on regulating fiat-backed stablecoins, which are digital currencies that maintain a stable value by referencing traditional fiat currencies. The government aims to facilitate and regulate the use of […]
Bitget, a prominent cryptocurrency derivatives and copy trading platform, has recently announced its plans to list TIA, the native cryptocurrency of Celestia’s blockchain ecosystem. This move positions Bitget as one of the first centralized exchanges to support TIA. By listing TIA, Bitget aims to provide its users with the opportunity to explore the potential of […]
The UK government has released a policy update outlining the regulation of fiat-backed stablecoins in the country. The update focuses on two areas: the use of stablecoins in payment chains and their issuance and custody within the UK. The Bank of England, the Financial Conduct Authority (FCA), and the Payment Systems Regulator (PSR) will all […]
The United Kingdom government has released an update on its plans to regulate fiat-backed stablecoins. The aim is to facilitate and regulate the use of these stablecoins in the country’s payment chains. The government intends to introduce specific legislation in 2024, which will bring the regulation of fiat-backed stablecoins under the Financial Conduct Authority’s (FCA) […]
United States-based cryptocurrency exchange Kraken has announced that it will comply with a court order to share the data of 42,000 users with the Internal Revenue Service (IRS). The court order, issued by the Northern District of California, requires Kraken to provide a wide range of records and data on its U.S. clients who have […]
At least 25 individuals have reportedly fallen victim to a data breach that affected password storage software LastPass, resulting in the loss of $4.4 million in cryptocurrency across 80 wallets. The breach occurred in 2022, but its impact was felt in October 2023 when the compromised wallets were tracked by on-chain researcher ZachXBT and MetaMask […]
