NewsRoom Articles - Page 45 of 181

MondayAug 07, 2023 11:15 am

Federal Judge Rules Certain Cryptos Qualify as Securities

A federal judge presiding in Manhattan has expressed the view that cryptocurrencies should be regarded as securities, regardless of the method of their transaction. This interpretation grants the Securities and Exchange Commission (SEC) authority to press charges related to securities against Terraform Labs. This legal stance also extends to the founder of the company, Do Kwon, and carries significant implications for the landscape of cryptocurrency legislation and legal actions. The decision delivered by Judge Jed Rakoff introduces complications to the ongoing legal battles between the SEC and both Ripple and Coinbase. The SEC had put forth allegations asserting that Coinbase…

FridayAug 04, 2023 10:30 am

SEC Wanted Coinbase to Trade Only Bitcoin Before Suing Exchange, FT Report

According to a report by the Financial Times, Coinbase’s CEO Brian Armstrong revealed that the U.S. SEC had advised Coinbase to cease trading in any cryptos except Bitcoin prior to taking legal action targeting the exchange. According to an SEC spokesman, company delisting of cryptocurrency assets is not requested by SEC officials. However, staff members may offer their own opinions during investigations about whether certain conduct could give the commission cause for concern about securities regulations. “The four SEC commissioners, SEC staff and SEC Chairman Gary Gensler have all expressed diverse perspectives on various topics; these opinions do not necessarily…

ThursdayAug 03, 2023 11:15 am

BREATHE! Convention Expected to Connect Emerging Tech Communities While Making History in Las Vegas, Nevada on September 13-15, 2023

The Web3, AI, Blockchain, Cryptocurrency, DeFi, Metaverse, and NFT communities will come together September 13-15th, at The Expo @ World Market Center Las Vegas for the BREATHE! Convention Emerging tech newcomers and pros will have access to the latest trends, best practices, insights, and cutting-edge research in AI, Blockchain, DeFi, and more – connecting with like-minded individuals, professionals, and colleagues Hive, the Official BREATHE! Center of the Universe Mainstage sponsor, has established the Hive Village through community funding to create a space for the Hive blockchain ecosystem Fostering networking opportunities, widespread adoption, and educational experiences within the world of Web3,…

WednesdayAug 02, 2023 3:31 pm

Crypto Fest 2023: Connecting Crypto and Blockchain Enthusiasts at Cabo Beach Club, Cape Town, South Africa

On the 24th of November, attendees from around the world will gather at the luxurious Cabo Beach Club in Cape Town, South Africa, for the highly anticipated Crypto Fest 2023. Crypto Fest has earned its reputation as being one of the most prominent events in the blockchain and cryptocurrency space in Africa. It attracts hundreds of blockchain and crypto enthusiasts, visionaries, thought leaders, seasoned investors and innovative startups for insightful discussions, networking and knowledge-sharing opportunities, and the latest advancements in the digital finance landscape. This year's Crypto Fest is themed ‘Cryptopia’ and marks the 5th annual edition of Crypto Fest.…

WednesdayAug 02, 2023 10:30 am

N.C. Couple Lose Crypto Worth $156,000 to Home Robbers

In a harrowing incident, an elderly couple from North Carolina endured a nightmarish ordeal when armed assailants held them captive in their own home. The criminals, disguised as construction workers, targeted the innocent couple, threatening them with unspeakable acts of violence. Remy Ra St. Felix and Elmer Ruben Castro, the alleged culprits, arrived at the couple's residence in Durham on April 12, 2023, at 7:30 a.m. disguised in reflective vests and khaki pants and pretending to inspect pipes for damage. The couple, both in their seventies, were led to believe that the strangers were merely conducting routine checks on their…

MondayJul 31, 2023 12:00 pm

GOP Cryptocurrency Bill Divides Congressional Democrats

A major legislative proposal aimed at revamping the regulations surrounding cryptocurrency has caused a rift among senior Congressional Democrats, opening up an opportunity for Republicans to advance their own legislation with some potential bipartisan support. During a recent meeting of the Financial Services Committee, House Democrats showed their divided stance on a Republican-led measure that seeks to establish federal mandates for regulating digital asset trading, specifically overseen by the CFTC and the SEC. Representative Maxine Waters, who is the top Democrat on the committee, vigorously criticized this bill, saying it’s a wish list favoring major players in the crypto industry.…

FridayJul 28, 2023 10:30 am

Why Texas Is on Cutting Edge of Crypto Mining

Texas has become a significant crypto-mining hub globally, mostly as a result of its fortunate combination of inexpensive electricity and a forgiving regulatory climate. A number of measures have recently been passed and have the potential to put the Lone Star state at the forefront of the development of crypto policy. The crypto-mining process uses supercomputers to solve extremely difficult mathematical puzzles to validate cryptocurrency transactions. Incentives such as cryptocurrency are given to miners as compensation for their efforts in resolving these issues. However, it is impossible to ignore how energy-intensive cryptocurrency mining is. According to 2021 research by The…

WednesdayJul 26, 2023 11:15 am

Indonesia Unveils New Clearing House, Bourse for Cryptos

Indonesia has recently introduced a national platform for crypto assets, aiming to bolster investor protection and furnish regulators with comprehensive transaction records. This move comes as the government seeks to fortify supervision of the thriving sector amid a shift in regulatory oversight, as stated by the Commodity Futures Trading Regulatory Agency (Bappebti). Indonesia permits crypto investment but bans the use of these digital assets for payments. Notably, the sector experienced a significant surge while the pandemic raged. As of June 2023, the number of people investing in digital assets reached an impressive 17.54 million, surpassing the count of registered investors…

TuesdayJul 25, 2023 4:31 pm

European Blockchain Convention 9, Set to be Europe’s Largest Blockchain Event in 2H 2023

Barcelona, Spain — European Blockchain Convention 9 is set to be Europe's largest blockchain event in 2H 2023, surpassing all its previous editions since the event was launched in 2018. Ready to welcome 5,000 attendees, EBC9 is scheduled for October 24-27, 2023 at the vibrant city of Barcelona, ahead of the highly anticipated El Clasico clash between FC Barcelona and Real Madrid over the weekend. A roster of 300 founders, CEOs and industry experts are scheduled to give talks at the event, including: Lars Bakke Krogvig - Co-Founder at Nansen Ambre Soubiran - CEO at Kaiko Manuel Nordeste - VP,…

MondayJul 24, 2023 11:15 am

Nasdaq Halts Plans to Start Cryptocurrency Custody Business

Adena Friedman, NASDAQ CEO, recently announced that the exchange has made the decision to postpone the launch of its crypto custody business in the United States. Friedman attributed the reason behind the move to the everchanging business and regulatory landscape in the country. As a result, the company has decided to halt its attempts to acquire the necessary license for the custody service. “However, NASDAQ remains committed to advancing in the digital asset space. We will focus on developing and delivering technology solutions, solidifying our position as a leading provider of digital asset software solutions in the global market,” she…