Senator Elizabeth Warren is leading the charge to improve crypto regulatory oversight Senator Elizabeth Warren’s Digital Asset Anti-Money Laundering Act has gained support from nine US Senators, according to a press release from her office. The statement published on Warren’s official senate webpage says Democratic Senators Bob Casey, Dick Durbin, Gary Peters, Tina Smith, Jeanne
The crypto platform is cutting off the service 10 months after announcing its removal Genesis Global Capital announced this past January that it was ending its crypto spot trading services without giving more details. The crypto lending firm will no longer offer spot and derivatives trading via its Genesis Global Capital (GGC) international arm in
Costa Rica’s SINPE system is now going to facilitate the purchase of crypto on the exchange Bull Bitcoin has partnered with Costa Rican flat payment system SINPE Movil and local crypto wallet solution Bitcoin Jungle. The Canada-based non-custodial Bitcoin-only exchange released a statement on September 14 saying that Costa Rican citizens and “foreigners” will be
The crypto company and exchange sees the Lightning Network as a big step forward Cryptocurrency exchange Coinbase has verified that it will begin integrating its layer-2 payment protocol Lightning Network as users look for cheaper and faster Bitcoin transactions. Coinbase created Lighting Network (LN) to help decipher Bitcoin’s scalability issues and to compete with other
A new blockchain advocacy group hopes to force Texas lawmakers into action Several cryptocurrency and blockchain companies have come together to create a new crypto advocacy group called the Crypto Freedom Alliance of Texas. It was founded by a16z crypto, Ledger, Bain Capital Crypto, Paradigm, Coinbase and Blockchain Capital to stimulate “the development of coherent
The shattered cryptocurrency exchange is looking at recuperating money it paid sponsors FTX is investigating if it can recoup the millions of dollars paid to celebrities like Shaquille O’Neal, Naomi Osaka, and other high-profile people and sports teams that promoted the bankrupt crypto exchange before it failed last November. In the 180+ page court filing
The Turkish founder of the Thodex exchange will spend the rest of his life behind bars Faruk Fatih Özer, former CEO of Turkish crypto exchange Thodex, was sentenced by a Turkish court to 11,196 years after he was charged with “establishing, managing and being a member of an organization,” “qualified fraud” and “laundering of property
The rules would cover brokers, but may signal an advance in crypto oversight in the US The Department of the Treasury and the Internal Revenue Service (IRS) released a proposal for cryptocurrency regulations focused on the reporting requirements of brokers. While the move doesn’t signal a major shift in policy, it might be a sign
It was the first outage since the platform went live Coinbase’s Base Network has experienced its first major outage since its public release on August 9. No new blocks were created on the Base layer-2 network chain for approximately 45 minutes on September 5. The “stalled” block production was first identified by developers at 9:36
The online casino and sportsbook is the latest to suffer a cyberattack this year On-chain analyst Cyvers and blockchain researcher ZachXBT reported on September 4 that Stake, the world’s biggest Australian cryptocurrency sportsbook and casino platform, was targeted in a cyberattack, where it lost over $41 million in cryptocurrencies. Cyvers alerted Stake.com users to news
The ongoing legal debates involving the SEC, Coinbase and Ripple could alter the entire ecosystem Pro-XRP lawyer John Deaton, who represents numerous XRP token-holders, recently traced the possible steps the two parties might take amid assumptions regarding a potential resolution between Ripple and the US Securities and Exchange Commission (SEC). Deaton explained that if the
The Rock, Oprah Winfrey and cryptocurrency are contributing to Maui’s recovery The People’s Fund of Maui relief fund to support the Maui community was started by celebrities Oprah Winfrey and Dwayne “The Rock” Johnson to provide financial support to those affected by the recent wildfires. The fund also accepts cryptocurrency donations. Wildfires broke out on
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