Cryptocurrency Analysis and News Portal
The United Kingdom’s Financial Conduct Authority, or FCA, has announced that all cryptoasset firms marketing to users in the country must be in compliance with its financial promotions regime by October 2023.In letters dated July 4, the FCA said starting on Oct. 8, companies operating in the U.K. will have
Read More
“Coinbase has embraced regulation since we were founded over a decade ago,” the cryptocurrency exchange’s chief legal officer, Paul Grewal, told the United States Congress on June 6. “The SEC [Securities and Exchange Commission] allowed us to become a public company in April 2021, which makes us unique in the crypto
Read More
Even though most miners are not likely to repurpose their facilities for AI, "there are some miners who have always had a more diverse approach to their business operation, with high-performance compute or edge-compute services, in addition to bitcoin mining. With the rapid growth of AI, these companies may accelerate
Read More
Crypto companies have complained that opening bank accounts in the jurisdiction is difficult. Source
Read More
Summary: Mt. Gox rehabilitation trustee Nobuaki Kobayashi reminded creditors to file registration claims before the Mar. 10 deadline.The deadline was extended from January to March at the start of 2023, along with the repayment deadline.Creditors can pick between four repayment options including cryptocurrency and money transfer services. Mt. Gox rehabilitation trustee
Read More
Hester Peirce, a commissioner on the Securities and Exchange Commission (SEC), says that after a terrible year, industry players need to remember what crypto is really about.In a speech at the Digital Assets at Duke conference, Peirce laid down some lessons to be learned from the issues that the crypto
Read More
After crypto exchange FTX's bankruptcy proceedings revealed poor segregation of customer funds, the New York regulator is reminding service providers to keep clean records. Source
Read More
Bitcoin, the most liquid and the biggest digital asset, remains an anchor for the broader market. That means price rallies in alternative cryptocurrencies, referred to as pumps on Crypto Twitter – the social network's vocal, frequently pseudonymous commentators on the industry, are often taken to represent market froth. Original Source
Read More
Ethereum co-founder Vitalik Buterin is reminding node operators to upgrade their clients before the Bellatrix “hard fork,” slated for Sept. 6. Buterin said that the scheduled upgrade will be the final update that prepares the Beacon chain (proof-of-stake chain) for the Merge.The merge is still expected to happen around Sep
Read More
The Federal Reserve published an open letter Tuesday, signed by Director of Supervision and Regulation Michael Gibson and Director of Consumer and Community Affairs Eric Belsky, directing Fed-supervised banks to make sure they check that any crypto-related activities they want to undertake are legally allowed first. Source
Read More