Category: Regulation

No, You Can’t Buy Shares in Bitcoin

With bitcoin going through an extended bull-run, scammers and con artists have been on hand to exploit a general fear of missing out (FOMO). Many early adopters of bitcoin became multi-millionaires by simply holding the digital asset. New Scam Tactic Consequently, many bitcoin investment scams have sprung up and millions of dollars have been lost…

November 29, 2020
Why the Russian Prime Minister wants to “protect” Bitcoin and crypto users

Russia has enjoyed an on-and-off relationship with cryptocurrencies, with ever-changing regulations and official perceptions fluctuating between periods of yes crypto and no crypto. But a recent speech by Russian Prime Minister Mikhail Mishustin put some light on the why behind the shaky policies. Protect Bitcoin users As per a transcript, the official said that Bitcoin…

November 27, 2020
BTC dumps as Coinbase CEO mentions US regulations for crypto wallets

Veterans will say it’s the same story in a different dress. Bitcoin has, historically, been met by regulatory “FUD” or the prospects of a ban whenever the asset’s prices go parabolic. This was last seen in 2017 when China said it would “ban Bitcoin,” causing a near 30% drop in prices then. A similar pattern…

November 26, 2020
Coinbase CEO: Trump Administration May ‘Rush Out’ Burdensome Crypto Wallet Rules

Coinbase CEO Brian Armstrong publicly voiced concern that the outgoing Trump Administration may ram through onerous new data-collection requirements for crypto exchanges.

November 25, 2020
Biden considering Gary Gensler for Deputy Treasury Secretary

The former CFTC chairman is currently working as a financial advisor for the Biden-Harris transition team.

November 25, 2020
Lithuania Rakes in 6.4 Million Euros From Selling Seized Cryptocurrencies

Lithuania’s tax authority has sold the cryptocurrencies it previously seized for 6.4 million euros (approximately $7.6 million). The three cryptocurrencies confiscated were bitcoin, ether, and monero. This was the first time the tax authority sold seized cryptocurrencies. Lithuania Sold Seized Cryptocurrencies The State Tax Inspectorate (STI) under the Ministry of Finance of the Republic of…

November 25, 2020
CFTC’s New Rules Cause Coinbase to Stop Offering Crypto Margin Trading

Cryptocurrency exchange Coinbase is disabling its margin trading product in order to comply with the new rules set by the Commodity Futures Trading Commission (CFTC). CFTC’s Rules Affecting Margin Trading Offerings Coinbase’s chief legal officer, Paul Grewal, explained in a blog post on Tuesday: In response to new guidance from the Commodity Futures Trading Commission,…

November 25, 2020
What would Commerce Secretary Andrew Yang mean for crypto?

A CNN report suggests Yang may be on the short list for a position in Joe Biden’s cabinet.

November 24, 2020
BitMEX Founder’s Charges Highlight Risks for DeFi

The case against BitMEX, an offshore crypto trading platform, has regulatory implications for the burgeoning DeFi market.

November 24, 2020
U.S. feds forget to seize $400k in Bitcoin forks

Crypto research firm Coinfirm has found that US authorities have left “substantial funds” left on various cryptocurrency wallets seized from criminals over the years, as a result of multiple “forks” that issued newer cryptocurrencies that traded on public markets. The firm traced a majority of such funds back to a Silk Road wallet seized by…

November 23, 2020