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US Senator Warren Presses SEC to Address Crypto Exchange Outages, High Transaction Fees, Financial Inclusion – Regulation Bitcoin News

At the U.S. Senate Banking Committee hearing Tuesday, Senator Elizabeth Warren called on the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, to increase oversight of cryptocurrency. She brought up several problems she associates with cryptocurrency that could hurt small investors. Senator Elizabeth Warren Says ‘There’s a Whole List

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South Korean banks doubled crypto transaction fee revenue in Q2

Three South Korean banks with crypto exchange partnerships have reportedly made $14.71 million in transaction fees in the second quarter of 2021.According to The Korea Herald, Shinban Bank, K bank and NH Nonghyup Bank announced a total revenue of 16.9 billion South Korean won in Q2. The “big four” crypto

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IOST-based Revival NFT Marketplace Registers Immediate Success, Transaction Volume Exceeds $1 Million Days After Launch

Ten days after launching, Revival—an NFT marketplace on the IOST blockchain—is posting enviable metrics, an update on July 27 indicates. Transaction Volumes Exploding, Exceeds $1 Million Revival is gaining excellent traction. Weekly transaction volumes now exceed $1 million. Additionally, more artists are joining the Medici Support Program. Five high-value NFT pieces by Edison

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Ransomware task force calls for aggressive Bitcoin transaction tracing measures

Government and industry have teamed up to fight a major increase in ransomware, with a newly formed ransomware task force calling for new measures to more aggressively trace Bitcoin and crypto capital flows.The task force includes law enforcement including FBI and U.S. Secret Service agents working alongside representatives of leading

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1 Bitcoin Transaction Requires 75 Gallons of Gasoline

Ripple CEO Brad Garlinghouse said performing a single Bitcoin transaction requires burning 75 gallons of gasoline. This shocking statistic gives a degree of the scale of Bitcoin’s possible environmental impact. Bitcoin Gets a Thumbs Down From Environmentalists It emerged recently that Bitcoin’s annual energy consumption currently matches that of a mid-sized country,

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