US Government Moves $300M Worth of Bitcoin Linked to Silk Road: On-Chain Data
A wallet tagged as belonging to the U.S. government has moved over $300 million worth of bitcoin (BTC) in three separate transactions. Source
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Government
UK government moves forward on bill aimed at empowering authorities to seize crypto
Lawmakers in the upper house of the Parliament of the United Kingdom are moving forward with legislation aimed at expanding authorities’ ability to target cryptocurrencies used for illicit purposes.In a meeting of the U.K. Parliament’s House of Lords on July 4, lawmakers conducted a third reading of the Economic Crime
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Hong Kong government establishes web3 task force
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Hong Kong government has created a web3 task force, composed of various market sector representatives and government officials, to draft guidelines for the ethical and sustainable growth of cryptocurrency within the region. The Hong Kong administration
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Circle was a principal beneficiary of SVB government rescue
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A recent report by Bloomberg states that Circle, the issuer of the USDC stablecoin, emerged as a primary recipient of support from the government-backed rescue of Silicon Valley Bank (SVB). According to the information acquired from the
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Circle Was Top Depositor Aided by SVB Government Rescue: Bloomberg
Circle Internet Financial, which said at the time it had $3.3 billion in holdings at the bank, was followed in the list of top depositors by units of the bank itself, and then by tech-focused venture capital firm Sequoia with just over $1 billion, according to documents sent by the
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UK Government Set to Pass FSMB Crypto and Stablecoins Regulations into Law
Initially, the bill covered only stablecoins. However, it was amended to include all cryptos and regulated activity. The bill (FSMB) that proposes the regulation of stablecoin and crypto regulation in the UK has been approved by the second chamber of the Houses of Parliament, the House of Lords. The UK government is moving
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UK government moves forward on financial markets bill for potential regulation of crypto
Lawmakers in the upper house of the Parliament of the United Kingdom are moving forward with legislation that could help support the adoption of crypto in the country.In a meeting of the U.K. Parliament’s House of Lords on June 19, many members advocated for the passage of the Financial Services
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US Government challenges Bittrex US’s motion to return customer crypto assets
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Amid the unfolding bankruptcy case of crypto exchange Bittrex US, the US government has opposed the platform’s motion to authorize customer withdrawals of their crypto assets. The US government has countered a request by Bittrex US, the
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Bittrex’s Customer-Repayment Plan for Bankruptcy Faces U.S. Government Objection
“Siloing creditors into subordinated classes outside of the confirmation hearing is improper,” the government’s filing said. The Bittrex companies “have not demonstrated why the issues of ownership of cryptocurrency assets needs to be determined prior to the confirmation of the [bankruptcy] plan.” Source
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Crypto scams on the rise, government institutions call for regulatory clarity| Weekly recap
This week, regulatory affairs continued to be a top concern. Government institutions worked towards creating guidelines to adapt to the ever-changing and evolving world of cryptocurrencies. Meanwhile, the private sector showed interest in non-fungible tokens (NFTs) by collaborating on various projects. Despite these positive advancements, reports of fraudulent activities and
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