XRP traders should watch out for these levels in the coming week

XRP traders have a lot of cheer about with regard to its latest price action. The alt registered a near 20% jump yesterday and reclaimed the $1-mark for the first time in 10 weeks. Will this jump act The post XRP traders should watch out for these levels in the coming week appeared first on AMBCrypto. дальше »

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New Bitcoin Legislation Introduced By Representative Beyer

Today Representative Don Beyer (D-VA) Introduced The Digital Asset Market Structure And Investor Protection Act. дальше »

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Singapore’s DBS Bank Gets Approval from MAS to Offer Crypto Services to Asset Managers & Companies

Singapore’s DBS Bank is the latest to receive approval “in principle” from the Monetary Authority of Singapore (MAS) under the country’s Payment Services Act. DBS Vickers, the bank's brokerage arm, is the one that received the go-ahead from the country’s financial regulator to begin offering crypto services directly to companies and asset managers via its […] The post Singapore’s DBS Bank Gets Approval from MAS to Offer Crypto Services to Asset Managers & Companies first appeared on BitcoinExchangeGuide. дальше »

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Breaking Down The US Infrastructure Bill And Its Impact On Crypto

The past few days have nothing short of a debacle on the Senate floor, especially in relation to crypto. Recent legislation titled the “INVEST in America Act” has been tossed back and forth in hopes of reaching a bipartisan vote. дальше »

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Cross-chain Poly Network Gets Hacked for Over $600M, Exchanges & Stablecoin Issuers Act to Save the Lost Funds

In what appears to be the largest DeFi attack to date, cross-chain protocol Poly Network has been hacked for more than half a billion dollars. “We are sorry to announce that PolyNetwork was attacked on BinanceChain, Ethereum and Polygon,” tweeted the team on Tuesday while sharing the hacker’s address where the assets have been transferred. дальше »

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VanEck Files for Bitcoin Strategy ETF with the SEC

Global asset management company VanEck has filed for a new Bitcoin Futures ETF under Act 40 with the SEC. As a result, VanEck becomes the fourth firm to file a similar product with the SEC within the space of a week. дальше »

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Deutsche Telekom gives Coinbase the custody rights to its Celo

Europe’s biggest Telecom provider Deutsche Telekom has selected US crypto exchange giant Coinbbase to act as the custody for its CELO tokens (CELO/USD). According to the announcement, the exchange will hold the tokens through its custody platform, Coinbase Custody. дальше »

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Ripple May Finally Escape SEC’s Den, Thanks To This Proposed Crypto Legislation

The Digital Asset Market Structure and Investor Protection Act, new legislation proposed by Congressman Don Beyer (D-VA-08) that would protect consumers and promote innovation by incorporating digital assets into existing financial regulatory structures, has been noted to be a step in the right direction in clearing the current regulatory uncertainty surrounding cryptocurrencies. Beyer who proposed […] дальше »

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Monetary Authority of Singapore (MAS) Grants its First Approval to A Crypto Exchange

Cryptocurrency exchange Independent Reserve has been granted an “in-principle approval” under the Payment Services Act by the Monetary Authority of Singapore (MAS). Under this license, the 2013-founded Independent Reserve is allowed to operate as a regulated provider for Digital Payment Token services. дальше »

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Germany Green Lights Massive Institutional Crypto Investment with New Law

Institutional funds in Germany would be able to allocate a portion of their portfolio into crypto-assets, following a new law that would take effect in August. Institutional Funds to Hold up to a Fifth of their Assets in Crypto According to Bloomberg on Friday (July 30, 2021), The Fund Allocation Act would come into effectRead More дальше »

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Avalanche launches upgraded bridge, prepping DApps for mainstream adoption

The new bridge is allegedly five times cheaper, faster, and more secure than before. The company says it is meant to act as a "growth engine" for future expansion. дальше »

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Treasury Secretary Yellen Asks US Regulators Overseeing Crypto Assets to ‘Act Quickly’ to Regulate Stablecoins

U. S. Treasury Secretary Janet Yellen has asked the regulators overseeing crypto assets to “act quickly to ensure there is an appropriate U. S. regulatory framework in place” for stablecoins. дальше »

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Treasury Secretary Urges Regulators to ‘Act Quickly’ in Drafting Stablecoin Rules

Jeremy Allaire, co-founder & CEO of Circle, the issuer of USDC stablecoin, called this meeting an “extraordinary and positive” movement as “It's a sign of how far we've come and how fast this is all happening. дальше »

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Zimbabwe Proposes Inclusion of VASPs in Its Securities Law — Move Applauded as ‘Step in Right Direction’

The Zimbabwean government recently revealed its intention to widen the definition of securities to include virtual asset service providers (VASPs). According to a document released by the cabinet, the proposed inclusion of VASPs into the category of defined securities will be made possible via the amendment of the Securities and Exchange Act. The Money Laundering […] дальше »

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Proposed U.S. Bill Seeks to define Crypto Under Securities Act

The United States has often been criticized for its slow pace in enacting much-needed cryptocurrency regulations. Perhaps the biggest issue that has yet to be resolved is whether or not cryptocurrencies are securities. дальше »

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US Rep, Tom Emmer, Reintroduces Bill Aimed At Defining Cryptocurrencies Under Securities Act

The United States Representative Tom Emmer has again introduced a bipartisan bill called the Securities Clarity Act. The bill is aimed at defining how federal regulators treat digital assets under securities laws. дальше »

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“Legitimately Undecided” on e-Dollar Says Powell, Claims it Would Make Bitcoin Unnecessary

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Banking Giant BNY Mellon To Assist Grayscale Upgrade GBTC To A Bitcoin ETF

Grayscale Investments has forged a partnership with New York-based banking giant Bank of New York Mellon that will see the investment firm act as an asset services provider for its flagship fund, the Grayscale Bitcoin Trust (GBTC). дальше »

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What Are Crypto-collateralized Stablecoins and How They Work

Crypto-collateralized stablecoins are stablecoins backed by other cryptocurrencies to shield them from the high volatility of the reserve crypto. By ‘backing’ them, they act as collateral. дальше »

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4,000 Institutional Funds in Germany Can Now Invest 20% of Portfolios in Crypto Assets

Around 4,000 institutional funds with almost 2 trillion euros in assets under management in Germany can now invest 20% of their portfolios in cryptocurrency, including bitcoin. The highly anticipated Fund Location Act (Fondsstandortgesetz) went into effect on July 1 in Germany. дальше »

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Here's how Germany can potentially see a $415B investment in crypto

Regulations around cryptocurrencies are changing all around the world. Germany, for instance, which had barred its citizens from investing in crypto, recently amended its Fund Location Act. This updatThe post Here's how Germany can potentially see a $415B investment in crypto appeared first on AMBCrypto. дальше »

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Over 4,000 German Institutional Investment Funds With $2 Trillion In Assets Will Now Be Eligible To Invest Up To 20% In Bitcoin

A new law that allows German-based dominant investment funds to invest up to 20% of their portfolio each in cryptocurrency could booster investments in Bitcoin by up to $415 billion. The German Location Act, which was passed by parliament in April, takes effect today. дальше »

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Germany Opens Floodgates to Bitcoin Investing

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South Korean deputy PM says continued crypto volatility is a major concern

South Korean Deputy Prime Minister, Hong Ham-ki, recently spoke about the cryptocurrency industry, with a particular focus on the CBDCs, noting that a central bank digital currency could act as a cryptocurrency if implemented. дальше »

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Korean Crypto Exchanges Mulling Lodging a Constitutional Appeal Against Govt

Several exchanges could press a constitutional appeal against the Korean government and the financial authorities as they face the risk of being banned. The development follows the amended Act on Reporting and Use of Certain Financial Transaction Information. дальше »

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Bipartisan bill to study blockchain and crypto passes US House of Representatives

The Consumer Safety Technology Act passed quickly in the House, and if enacted would require the study of blockchain tech and digital tokens. дальше »

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Nugensis Blockchains: Be Bullet-Proof From Security Laws Action

The House passed the Eliminate Barriers to Innovation Act (20 April 2021). The passed act requires the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to establish a working group with the goal of clarifying in which cases the jurisdiction over a certain token belongs to SEC and in which to CFTC. дальше »

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Portugal Begins Approving Cryptocurrency Exchanges — Two Licensed So Far

Portugal now has two approved cryptocurrency exchanges. The country’s central bank, the Banco de Portugal, has licensed Mind the Coin and Criptoloja. In Portugal, the central bank is responsible for registering entities that intend to act as virtual asset service providers (VASPs). дальше »

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MicroStrategy Sells $500 Million Notes To Buy Bitcoin

MicroStrategy has successfully sold off $500 million worth of notes (“the notes”) which it announced it was selling on June 8th in a press conference, to buy Bitcoin. The notes were sold to qualified institutional buyers in a private offering in reliance to Rule 144A under the Securities Act of 1933. They were all sold […] дальше »

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India Probes Cryptocurrency Exchange Wazirx in Chinese Money Laundering Case

India’s Directorate of Enforcement (ED) has reportedly sent a notice to Wazirx, one of the largest cryptocurrency exchanges in India, under the Foreign Exchange Management Act, 1999, (FEMA). The investigation was initiated “on the basis of the ongoing money-laundering investigation into Chinese owned illegal online betting applications,” the ED detailed. дальше »

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Netherlands Must Ban Bitcoin, Says Dutch Bureaucrat

Pieter Hasekamp believes that a cryptocurrency crash is inevitable, so the Netherlands should act promptly to avoid any potential damage. The post Netherlands Must Ban Bitcoin, Says Dutch Bureaucrat appeared first on BeInCrypto. дальше »

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Theta mainnet launch approaches, causes THETA and TFUEL prices to rally

Most of the time, any cryptocurrency will follow Bitcoin’s behavior, which usually means acting in unison with the rest of the crypto market, as well. However, as most people likely know, major individual developments can cause coins to change their behavior and act very differently from their peers. дальше »

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South African Crypto Exchanges Confirm Receiving Request for Client Data From Tax Collection Body

Three leading cryptocurrency exchanges from South Africa recently confirmed receiving a request for client data from the country’s revenue collector. In a joint statement, the exchanges, (namely Altcointrader, Luno, and Valr) said this request, which targets a “selection of customers”, has been made “in terms of section 46 of the (South African) Tax Administration Act.” […] дальше »

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Ripple seeks docs from 15 offshore exchanges it says could be ‘fatal’ to the SEC’s charges

Ripple believes records held by offshore exchanges will prove its executives did not violate Section 5 of the Securities Act by offloading XRP on the U.S. public. дальше »

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Relief Payments Coming? 80 Legislators Press Biden Administration for a Fourth Round of Stimulus

Rumors of a fourth and possible fifth round of direct stimulus checks have become a hot conversation topic this week, as lawmakers are urging the President to act. Over 80 U.S. legislators have sent letters to President Joe Biden and Vice President Kamala Harris asking the administration to push forward direct economic stimulus payments and […] дальше »

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Bitcoin, Ethereum and Alts hodlers: Here's one way to trade the current market

Being on the wrong side of a crypto market cycle can be detrimental. Be it for Bitcoin, Ethereum, or any other Altcoin, volatility can act as both a blessing and a bane. At present, the majority of thThe post Bitcoin, Ethereum and Alts hodlers: Here's one way to trade the current market appeared first on AMBCrypto. дальше »

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Move over DOGE: Uma launches DeFi insurance contracts for SpaceX flights

Decentralized finance (DeFi) platforms Uma and Opium Network have announced the launch of a new—quite unusual—crypto derivative product that would allow individual users to act as insurers for SpaceX flights. дальше »

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Hong Kong Announces Proposal to Ban Retail Crypto Trading

If the proposed act passes into law, crypto trading will only be available to professionals with $1 million in their investment portfolio. The post Hong Kong Announces Proposal to Ban Retail Crypto Trading appeared first on BeInCrypto. дальше »

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Interview: Bitcoin In Congress With Warren Davidson

Representative Warren Davidson joined the "Bitcoin Magazine Podcast" to discuss bitcoin, Congress and the "Token Taxonomy Act." дальше »

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US Lawmaker Pushes for Safe Harbor Legislation to Protect Crypto Investors With Forked Coins

US Congressman Tom Emmer is pushing for safe harbor legislation to protect taxpayers with forked coins. A bill entitled “Safe Harbor for Taxpayers with Forked Assets Act of 2021” has been introduced to prohibit “penalties against taxpayers attempting to report certain gains or losses on ‘forked assets’ until the IRS issues sufficient guidance on how […] дальше »

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US Congressman Creates Tax ‘Safe Harbor’ for Crypto Users

Minnesota congressman Tom Emmer has introduced the Safe Harbor bill to protect taxpayers with Forked Assets Act from Internal Revenue Service (IRS) penalties. The post US Congressman Creates Tax ‘Safe Harbor’ for Crypto Users appeared first on BeInCrypto. дальше »

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Liberian Central Bank Asks Local Crypto Startup to Drop its Plan to Launch a Digital Asset

The Central Bank of Liberia (CBL) has warned against a local crypto startup’s plan to proceed with the introduction of a digital financial product without adhering to the required regulation. According to the CBL, this act will not only be illegal but this will likely “undermine the country’s financial system. дальше »

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Best Yield Aggregators on Ethereum Blockchain

Before we begin exploring Yield Aggregators, we must explore and understand what yield farming is and why we need Yield Aggregators in the first place. Yield Farming is the act of looking to earn the best yield from DeFi platforms that are looking to improve their liquidity in the “liquidity pools” and, in the process, […] The post Best Yield Aggregators on Ethereum Blockchain appeared first on CaptainAltcoin. дальше »

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TA: Bitcoin Nosedives $10K, Here’s Why Recovery Could Face Hurdles

Bitcoin price declined over $10,000 against the US Dollar after Elion Musk’s tweet. BTC is now correcting losses, but the previous support near $52,000 could act as a hurdle. Bitcoin started a major decline from well above $55,000 and it even traded close to $45,000 The price is now trading well below $55,000 and the […] дальше »

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ETH Reaches Yet Another All-Time High —What’s Next?

Ethereum (ETH) has been increasing since Feb. 23. On May 12, it managed to reach yet another all-time high of $4,370. ETH is approaching a confluence of Fib resistance levels near $4,500, which could act as a temporary top. дальше »

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SEC to Scrutinize Funds Invested in Bitcoin Futures

The U.S. securities watchdog has announced it will scrutinize mutual funds that include investments in bitcoin futures markets to verify funds that comply with the Investment Company Act. The institution warned about the dangers of investing in bitcoin futures markets due to the implicit volatility of the underlying asset. SEC Warns Funds About Bitcoin Futures […] дальше »

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Crypto Regulation: US House of Representatives Passes Crypto Task Force Bill

 The U. S. House of Representatives passed H. R. 1602, the “Eliminate Barriers to Innovation Act of 2021,” last week, sending it to the Senate. The senate subsequently referred it to the Senate Banking Committee. дальше »

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Dave Portney says Elon Musk dumped Bitcoin (BTC): Musk replies

Elon Musk and his multi-billion dollar Tesla Company have come under fire lately regarding their role in Bitcoin’s rise this year. Recently, comedian Dave Portnoy accused Musk of profiting from a deliberate act of influencing the price of Bitcoin (BTC). дальше »

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Is JPMorgan turning a new leaf after opposing Bitcoin for years?

A recent report has revealed that JPMorgan is planning for its clients to have access to an actively managed Bitcoin fund. NYDIG will act as custody of the fund while it is accessible to the bank’s private wealth clients. дальше »

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Congress Passes Bill That Would Provide Regulatory Clarity On Cryptocurrencies

The United States House of Representatives has passed a bill that aims to provide regulatory clarity to Bitcoin. The bill called “The Eliminate Barriers to Innovation Act of 2021” was first introduced to the Financial Services Committee in March by ranking Member Patrick McHenry (R-NC). дальше »

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