XRP price prediction ahead of US PCE inflation data and government shutdown risks

On January 30, the XRP price crashed sharply, reflecting rising investor anxiety over the economic outlook. Market jitters fueled by postponed U. S. inflation reports and potential government shutdowns drove heavy selling in the cryptocurrency market.

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Bitcoin miners unload their reserves at fastest pace in over one year, data shows

Bitcoin miners and the German government are selling their reserves, with Bitcoin's market dominance hitting a 3-year high. The post Bitcoin miners unload their reserves at fastest pace in over one year, data shows appeared first on Crypto Briefing.

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Italy considers $5.4m in penalties for crypto insider trading: report

Italy is reportedly considering increasing fines for crypto crimes as part of measures to reduce market manipulations. Italy‘s government is mulling tougher penalties for those who manipulate the crypto market, Reuters has learned, citing a draft decree. The proposed legislation,…

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German Government’s $425 Million Bitcoin Transaction Stirs Market

The German government’s Bitcoin (BTC) wallet, labeled by Arkham, moved 6,500 BTC worth over $425 million, fueling market speculation. The post German Government’s $425 Million Bitcoin Transaction Stirs Market appeared first on BeInCrypto.

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Four offshore crypto exchanges eye return to Indian market

India’s financial watchdog, the Financial Intelligence Unit (FIU), has received new petitions from offshore cryptocurrency exchanges seeking to resume operations in India. According to a June 14 report from local news outlet Business Standard, a senior government official told the…

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Dogeverse and Kangamoon Investors Enjoy High Returns on MoonBag Presale

Did you know that over 23,000 cryptocurrencies exist? However, there are only 180 fiat currencies in the world. The crypto market is intended to offer an easy way to trade without government restrictions and third-party interference.

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India Springs Election Surprise, Sends Equity Market Crashing With Uncertain Implications for Crypto

India's voters have sprung an election surprise, even though Prime Minister Narendra Modi's party and its allies are poised to return to power, a result that could see the government kick the crypto policy can down the road" in terms of its priorities.

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FIU steps up AML and CFT compliance for crypto exchanges in India

Indian authorities are actively working to bring all cryptocurrency exchanges operating in India under stringent Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) guidelines to enhance compliance and oversight in the burgeoning digital asset market. The Indian government’s Financial…

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UK gov’t calls for action on AI copyright, market competition

The U.K. government is under pressure to increase AI oversight following a House of Lords report highlighting the need for stricter regulations for AI standards.

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Crypto Giant Binance Pays Hefty $2M Fine To Reignite India Foothold – Details

Binance, the world’s leading cryptocurrency exchange, reportedly seeks to re-establish its presence in the Indian market after being banned by the country’s local government earlier this year.

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XRP Eyes Mega Surge To High Prices As Ripple Readies To Storm $155 Billion Stablecoin Market

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Circle CEO praises Ripple for launching own stablecoin on XRP

Jeremy Allaire, the CEO of stablecoin issuer Circle, has welcomed Ripple’s entrance into the market. Earlier today, crypto firm Ripple revealed plans to launch a stablecoin that would be 100% backed by US dollar deposits, government bonds, and cash equivalents.

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Ripple announces plans to issue USD-backed stablecoin

Ripple has just announced plans to launch its own stablecoin, news that has seen the price of XRP surge more than 6% amid market’s reaction. According to a press release on April 4, Ripple’s new stablecoin will be pegged 1:1 to the US dollar (USD) and be 100% backed by USD deposits, short-term US government […]

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Bitcoin: Crypto markets on the edge after US’ $2-billion Silk Road BTC move

The cryptocurrency market was abuzz with speculation following a significant on-chain transaction orchestrated by the U. S. government on Tuesday. According to Spot on Chain, a wallet controlled by the U.

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Data shows US government often sells at the local lows in the market

Quick Take On Apr. 2, CryptoSlate reported that the US government sold 1,999 Bitcoin (BTC), valued at approximately $130 million, from a wallet associated with Silk Road to the digital assets exchange Coinbase.

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Bitcoin Price Plummets As US Government Transfers $2B In Seized Silk Road BTC, Coincidence?

The crypto market is abuzz with speculation as the US government recently moved significantly regarding seized Bitcoin (BTC) linked to the infamous Silk Road dark web marketplace. This development comes at a critical time for the Bitcoin price, which has struggled to maintain its position above the $70,000 threshold after hitting its current all-time high (ATH) of $73,700 on March 14.

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Crypto In The Spotlight: Estonia Greenlights Regulation Bill

Estonia, a nation long known for its embrace of digital innovation, is revamping its cryptocurrency regulations to create a more robust and transparent market. The Estonian government recently approved a bill that will significantly increase oversight of cryptocurrency service providers, bringing them under the stricter purview of the Financial Supervision Authority (FSA). This shift marks […]

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US Government Continues Bitcoin Seizures, Controls Nearly 1% of Circulating Supply

Massive Bitcoin seizures from Bitfinex hackers add to US government stockpile. Snowden predicts major government entry into Bitcoin market.

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Indonesia’s Crypto Evolution: Government Eyes Changes In Taxation Landscape

Indonesia’s crypto market faces a period of change and reassessment, as evidenced by falling tax revenue and planned regulatory shifts. While Bitcoin surged in value throughout 2023, the country’s crypto tax revenue plummeted by over 60% compared to the previous year, raising concerns about the effectiveness of the current tax regime. Related Reading: Former FTX, […]

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How Japanese GameFi Sector Plans to Capture a $44 Billion Gaming Market

In an ambitious push, Japan's GameFi community, led by Oasys's Ryo Matsubara, seeks government support to overcome liquidity hurdles and leverage the $44 billion gaming market potential. The post How Japanese GameFi Sector Plans to Capture a $44 Billion Gaming Market appeared first on BeInCrypto.

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Nigeria reportedly plans to ban Binance, other crypto firms over their ties to forex

The Nigerian government is said to be considering blocking Binance and other crypto firms to prevent forex market manipulation and illicit fund movement. Crypto exchange Binance and other digital asset trading platforms are risking being banned in Nigeria, as the…

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Altcoins turn bullish: Bitcoin Dogs presale approaches $3M as Filecoin gears for 200% surge

The cryptocurrency sector is optimistic as Bitcoin (BTC) maintains beyond the $50K level. Some believe market conditions might weaken soon, impacting government assets negatively and possibly triggering bullish price movements in the digital coins marketplace.

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Hedera investors concerned about market drawdown should read this

Hedera’s legal team moves to DC to cooperate with the government for crypto regulation Its dApps witness growth, however, TVL continues to decline Hedera's legal team, due to all the FUD cThe post Hedera investors concerned about market drawdown should read this appeared first on AMBCrypto.

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Democrats Keep the US Senate but Crypto Only Has Eyes for FTX Collapse

After a whirlwind election week dogged by market madness, crypto’s regulatory future in the U.S. is in the hands of a divided government.

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RBI Launches Much-Anticipated Digital Rupee Pilot For Wholesale Segment

India’s much anticipated Digital Rupee has been launched for the wholesale segment on a pilot basis. The use case for Digital Rupee in wholesale will be the settlement of transactions in government securities in the secondary market, the RBI said in a statement.

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Nifty News: GameStop NFT market goes live, Hong Kong’s NFT concept and more

The latest Web3 offering from GameStop sees the official launch of its NFT market, and the Hong Kong government is testing a proof-of-concept NFT at a convention.

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India's Central Bank to Start Wholesale CBDC Pilot Nov. 1

The Reserve Bank of India will begin its wholesale e-rupee pilot project on Nov. 1 with a focus on settlement of secondary market transactions in government securities.

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CoinCRED enters the UAE cryptocurrency market

The future crypto capital- Dubai, is having tremendous growth. The government's proactive support is the main driving force for building a conducive ecosystem for all cryptocurrency and web3-related cThe post CoinCRED enters the UAE cryptocurrency market appeared first on AMBCrypto.

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Bond Market Meltdown: Where Are The Buyers For Government Debt?

Central banks are trying to keep yields from exploding higher while they hike rates to fight inflation. Who will step in to buy bonds in current conditions?

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Norway's government proposes eliminating reduced electricity tax for Bitcoin miners

"We are in a completely different situation in the power market now than when the reduced rate for data centers was introduced in 2016," said Norway's finance minister.

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Is South Korea getting ready to arrest Do Kwon- Decoding details

Due to the South Korean government's request for his arrest, Do Kwon, the founder of Terraform Labs, is in grave danger. The cryptocurrency market lost $40 billion as a result of Terra's stablecoin USThe post Is South Korea getting ready to arrest Do Kwon- Decoding details appeared first on AMBCrypto.

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Binance Booms as Crypto Tax Crushes Indian Exchanges

The cryptocurrency tax introduced by India’s government has caused foreign cryptocurrency exchanges to consolidate their market share there. The post Binance Booms as Crypto Tax Crushes Indian Exchanges appeared first on BeInCrypto.

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Crypto Exchange Upbit Publishes Token Listing, Delisting Procedure After Government Pressure

Tokens listed on Upbit, South Korea’s largest exchange by trading volume, see major market movements.

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Indonesia to Launch Crypto Stock Exchange by End of Year

The government of Indonesia is aggressively bidding to obtain a global lead in the trading of digital assets, announcing plans for new market infrastructure and the launch of the crypto stock exchange by the end of 2022.

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Crypto Explosion: 75% of Total Market Cap Dominated By Only 5 Coins

There’s no stopping crypto and the only way is… up. The decentralized and unregulated nature of cryptocurrencies is one of their major selling features. With minimal government control and billions of dollars in circulation, some individuals desire a piece of the digital currency market.

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As the Gun Market Moves to Crypto, Deeply Private Owners Reveal More Than They May Know

While lobbyists don’t want the government to track guns with a registry, the blockchains driving crypto act like one. This piece is part of CoinDesk’s Sin Week.

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Australia Steps up Crypto Regulation With ‘Token Mapping’ Exercise

The Australian government has begun its efforts to regulate the crypto space with the announcement of the launch of a token mapping exercise to better regulate the market. The post Australia Steps up Crypto Regulation With ‘Token Mapping’ Exercise appeared first on BeInCrypto.

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Two Coins To Look Forward To In The Bear Market 2022: Cardano and HUH Exchange

Cryptocurrencies are gaining acceptance on a global scale, as traditional financing continues to encounter obstacles related to government regulation and public confidence. Successful cryptocurrencies provide the coin market with cutting-edge technology and creative solutions, including scalable speed, lower cost, and transactional transparency.

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The Government Of Kazakhstan Expands Cooperation With Binance

On August 15, it was revealed that the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market approved Binance to operate a digital asset platform and provide custodial services at the Astana International Financial Centre.

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Shanghai included blockchain, NFTs and Web3 in its 5-year plan

The municipal government pledged to support the enterprises that are discovering the nonfungible market.

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Are North Korean IT Remote Workers Targeting Crypto Firms? Here’s What We Know

According to the US Government, North Korean IT workers are flooding the freelance market. It’s illegal for US businesses to employ them, but, what if they have no idea they’re doing it? In this new remote work world we’re living in, it’s completely possible.

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New Crypto Hub for Central African Republic; Here's what's next

The Central African Republic (CAR) has launched the Sango crypto-hub initiative. It is funded by the government to promote the expansion of the regional market for digital assets. The Sango initiativeThe post New Crypto Hub for Central African Republic; Here's what's next appeared first on AMBCrypto.

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Polygon exec gives insider scoop on state of crypto employment

Despite the challenges of the past two years, the labor market appears to be in a good place, at least according to official government statistics. The post Polygon exec gives insider scoop on state of crypto employment appeared first on CryptoSlate.

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Regulation Amendments By UK Treasury Drops KYC Restriction For Non-Hosted Wallets

Government authorities around the globe have been restructuring regulation rules after seeing excessive market volatility following the Terra collapse. Similarly, while updating money laundering rules, the United Kingdom’s HM Treasury decided to reverse its plans to impose Know-Your-Customer (KYC) restrictions on the non-custodial crypto wallets, also known as private wallets. KYC protocols are used to […]

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South Korean Government to Form Digital Assets Committee in Response to Terra Collapse: Report

South Korea's government is to form a committee specifically to oversee the digital assets market following the collapse of Terra, according to a report by news outlet NewsPim.

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UK government proposes additional safeguards against stablecoin failure risks

The Treasury wants to empower the Financial Market Infrastructure Special Administration Regime to oversee the safe return of customer funds in the event of a stablecoin collapse.

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Binance And Kazakhstan Ink MOU On Crypto, Blockchain Regulation

Binance will aid the Kazakhstani government in its measures to regulate the country’s cryptocurrency market. The biggest cryptocurrency exchange by trading volume, Binance will provide assistance in integrating the local financial infrastructure with the growing digital assets market.

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Terra Market Collapse and Tax Liabilities Could Force South Korea to Rethink Regulations

South Korea's National Assembly and the government are reportedly considering stricter crypto legislation following an emergency probe into the Terra market collapse. The post Terra Market Collapse and Tax Liabilities Could Force South Korea to Rethink Regulations appeared first on BeInCrypto.

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Portuguese government to establish cryptocurrency taxation soon

The crypto community seems to be having a difficult time finding a slack. More negative headlines, particularly for investors in Portugal, have emerged after the disastrous market meltdown. Portugal, formerly considered a tax haven owing to the government’s zero-taxation policy, might soon lose its status as a tax haven.

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