Tag: crypto
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Analysis:Trump agencies to set crypto policy as bill stalls, limiting industry’s gains
Aug 18 : As sweeping U.S. crypto legislation stalls, President Donald Trump’s regulators are set to fill the void, but efforts to write favorable rules for the digital asset industry will be contentious and could be overturned by future administrations.Deep-pocketed crypto companies have spent hundreds of mil
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US securities regulator cancels meeting to vote on crypto rules
Aug 13 : The U.S. Securities and Exchange Commission on Thursday abruptly canceled a meeting scheduled for Friday on whether the agency should propose new crypto-related rules. In a statement, an SEC spokesperson said the meeting would be moved “due to an unforeseen scheduling issue.”The agency was set
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UK regulator, crypto exchange HTX locked in settlement talks
LONDON, Aug 13 : Britain’s financial regulator and HTX, a cryptocurrency exchange under UK and European Union sanctions, are in talks to settle allegations that the group is illegally promoting crypto services in the UK, court documents show.The Financial Conduct Authority last October sued HTX — formerly k
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Analysis:Crypto bill faces long odds after Senate punts vote to September
Aug 10 : The chances that the U.S. crypto industry will win once-in-a-generation digital asset legislation are dimming, despite Senate Republicans promising to advance the bill when lawmakers return to Capitol Hill next month. In a blow for the crypto industry, the Senate left Washington on Saturday for the
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US Senate advances landmark crypto bill before heading on August recess
WASHINGTON, Aug 8 : U.S. Senate Majority Leader John Thune moved on Saturday to advance a major bill that would create a regulatory framework for cryptocurrencies which, if passed, would mark a huge victory for U.S. President Donald Trump and the crypto industry.Thune, a Republican, early Saturday morning fil
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US sanctions Dubai crypto exchange for aiding Iran’s IRGC, following a Reuters report
Aug 7 : The United States on Friday sanctioned an unlicensed multi-state cryptocurrency exchange, alleging it processed millions of dollars of crypto for Iran’s elite Islamic Revolutionary Guard Corps and other groups linked to the Iranian state. The designation follows a Reuters investigation published on
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Trump could net big tax windfall in crypto bill divestiture plan, Bloomberg News reports
Aug 6 : The bipartisan ethics proposal senators have pitched to President Donald Trump to get landmark crypto legislation over the line in Congress could trigger a significant tax benefit for the president, Bloomberg News reported on Thursday.The benefit will include the ability to defer capital gains levies
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South Africa issues draft rules for cross-border crypto
JOHANNESBURG, Aug 3 : South Africa took a step on Monday toward bringing cryptocurrency into its financial rulebook, releasing draft guidelines that for the first time spell out when moving crypto across borders becomes a regulated and reportable event.The draft Crypto Asset Manual, published jointly by the N
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How crypto miners are stealing power in Southeast Asia
Across Southeast Asia, illegal cryptocurrency miners are stealing vast amounts of electricity, straining national grids, and exposing links to organized crime.
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Coinbase shares take hit on quarterly loss, analysts back diversification strategy
July 31 : Shares of Coinbase Global slipped 5.6 per cent in premarket trading on Friday after a third straight quarterly loss, though analysts expect strong fundamentals and business diversity to cushion it from a crypto cycle downturn. The cryptocurrency market lost significant value in recent sessions, with
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