U.S. Government Sold $216M of Seized Silk Road Bitcoin This Month
The U.S. sold 9,861.17 bitcoin ($216 million) on March 14, according to a court filing. Source
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U.S
Crypto Exchange Bittrex to Wind Down U.S. Operations Next Month
“It’s just not economically viable for us to continue to operate in the current U.S. regulatory and economic environment,” said Bittrex co-founder and CEO Ritchie Lai in the statement. “Regulatory requirements are often unclear and enforced without appropriate discussion or input, resulting in an uneven competitive landscape,” he continued. “Operating
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U.S. Futures Watchdog Issues Compliance Rule for Crypto Activities Among Members
The Commodity Futures Trading Commission (CFTC) oversees the NFA and the wider industry, though questions remain as to the extent of its authority over digital assets. A number of legislative efforts in the U.S. Congress have sought to give the CFTC undeniable powers over crypto commodities and the spot market,
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Sushi Swap CEO Says He No Longer Feels ‘Inspired’ Amid U.S. Regulators’ Crypto Crackdown
To fund the expected battle, Grey last week proposed the community reserve $4 million of the protocol's treasury funds for a "Sushi DAO Legal Defense Fund." The fund, which is almost as much as the DAO's annual operating expenses, received swift backlash on the community's Discord channels, becoming a sticking
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U.S. Crypto Crackdown Sure Looks Like an Attempt to Kill a Promising Industry: CoinDesk Editorial
My reasons for disbelieving that there is coordinated ill-intent are twofold, one rooted in idealism and the other cynicism. First, this is the U.S., the land of opportunity and freedom. A deliberate attack against the economic freedom that crypto represents would run against this country’s values. Second, this is the
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Anti-TikTok Politicking Shows Worst Tendencies of U.S. Pols
Anti-TikTok Politicking Shows Worst Tendencies of U.S. Pols Source
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Top U.S. Treasury Official Says Crypto Had No ‘Direct Role’ In Bank Failures
The two regional lenders – and a smaller institution, Silvergate Bank, that arguably sparked the recent blaze that spread through U.S. banking – took business risks that undermined their resilience, according to their regulators. Federal Reserve Vice Chairman for Supervision Michael Barr said the trouble with SVB, for instance, was
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Do Kwon Extradition Sought by U.S., South Korea, Montenegro Justice Minister Says
“Primacy is given to the court proceedings led in Montenegro,” Kovac said, speaking through an interpreter. “If they are convicted for the criminal offense of falsifying identification documents, only after they served their prison sentence is it expected that they will be extradited.” Source
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U.S. CFTC Chief Behnam Reinforces View of Ether as Commodity
In the high-stakes CFTC action against Binance, his agency claimed that several tokens – bitcoin, ether, litecoin and the stablecoins tether and BUSD – are commodities that Binance was illegally trading. A lawmaker in the House Appropriations Committee asked him in a budget hearing Tuesday whether he personally believed ether
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Kraken Lands Sponsorship Deal With Williams Racing Despite U.S. Regulatory Crackdown
Formula 1 team Williams Racing signed U.S. crypto exchange Kraken as a sponsor after losing one of its most prominent drivers, Nicholas Latifi, who reportedly earned the team a large amount of sponsorship fees. Original Source
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