Paraguay Votes Down Crypto Regulatory Bill in a Blow to Crypto Mining Industry
The bill would cap how much the grid operator can charge bitcoin miners for electricity. Original Source
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Brazilian crypto industry gets regulatory clarity amid global uncertainty
As the global crypto community is still licking its wounds from the FTX collapse, a liquidity crisis continues to spread around centralized exchanges and decentralized finance (DeFi) alike. It is soon to be decided whether the coming regulation triggered by FTX’s bankruptcy will bring a silver lining to crypto.The Chamber of
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EU Parliament to ‘Vote on Adopting the Regulation on MiCA’ — Expert Says Industry Needs Legal Clarity – Regulation Bitcoin News
In a recent statement, the European Parliament said its members would shortly “vote on adopting the regulation on markets in crypto-assets (MiCA).” According to the parliamentary body’s think tank, the envisaged regulations are expected to provide “legal certainty for crypto-assets not covered by existing EU legislation.” A crypto counselor, Paulius
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Bitcoin Miners’ FTX Contagion Exposure May Amplify Industry Pain
Core Scientific, Bitfarms and Genesis Digital Assets are among miners that have direct and indirect exposure to the contagion. Source
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Crypto Industry a Disaster in Need of Rebranding, UK Lawmaker Says
The lawmaker begs the industry to leave the "bad boats" to burn out at sea and ditch the word "crypto" following FTX collapse. Original Source
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Crypto Markets Today: Kraken Becomes the Latest Industry Giant to Cut Its Workforce
The crypto exchange is cutting 30% of its global staff. ALSO: Bitcoin surges along with equity markets on the Federal Reserve Chair’s dovish tone in a speech Wednesday. Crypto Markets Today is CryptoX’s daily newsletter diving into what happened in today's crypto markets. Source
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Crypto Exchange Bitfront Shuts Down Amid Industry Challenges – Exchanges Bitcoin News
Cryptocurrency exchange Bitfront has announced its intention to cease operations in the coming months, citing challenges facing the industry. The U.S. trading platform, backed by Japan’s social media giant Line, indicated the decision is unrelated to the collapse of FTX. Line-Supported Digital Asset Exchange Bitfront Suspends New Sign-ups Bitfront, a crypto
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JPMorgan Expects Major Changes Coming to Crypto Industry and Regulation Post FTX Collapse – Regulation Bitcoin News
JPMorgan has outlined key changes it expects in the crypto industry and its regulation following the collapse of crypto exchange FTX. The global investment bank envisages several new regulatory initiatives, including those focusing on custody, customer asset protection, and transparency. JPMorgan Expects Major Changes in Crypto Industry Post FTX Meltdown Global investment
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Billionaire Bill Ackman Discusses Crypto Regulation — Says Industry Must Self-Police or Risks Being Shut Down – Regulation Bitcoin News
Billionaire Bill Ackman has warned that the crypto industry needs to self-police or it risks being shut down. He added that regulators need more resources to police the bad actors in the crypto space and will likely take years to catch up. Bill Ackman on Crypto Regulation and the Need for
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Crypto Winter No Longer Has Big Impact on Long-Term Industry Growth, EY Executive Says – Markets and Prices Bitcoin News
EY’s global blockchain leader says that for the first time ever, crypto’s price swings do not have that big of an impact on the long-term growth of the industry. Nonetheless, he stressed: “It is also important that regulators crack down on obvious Ponzi schemes faster and with more severity.” EY’s Brody
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