Industry
Cracking Down: Belarus Aims to Prohibit P2P Cryptocurrency Trading
The Ministry of Foreign Affairs in Belarus is currently working on legal amendments aimed at prohibiting peer-to-peer (P2P) transactions involving cryptocurrencies like Bitcoin.Herman HayesBittrex Fights Back: Challenging SEC Authority in Crypto Lawsuit, Seeking Dismissal
Cryptocurrency exchange Bittrex has made a legal move to dismiss its ongoing dispute with the US Securities and Exchange Commission (SEC).Seth RowdenHong Kong Forms Task Force to Drive Web3 Development: Embracing the Future of the Internet
Hong Kong is demonstrating its commitment to embracing the development of Web3 by establishing a task force comprising industry and government officials to monitor its progress in the region.Seth RowdenKraken Forced to Disclose User Data to IRS: Tax Compliance Battle Escalates
The US District Court for the Northern District of California has issued an order requiring cryptocurrency exchange Kraken to provide account and transaction information to the Internal Revenue Service (IRS).Seth RowdenTON Blockchain Unleashes On-Chain Encrypted Messaging: Empowering Secure Communication
The TON Foundation, the developer of the Open Network (TON), has announced the release of on-chain encrypted messaging capabilities.Seth RowdenHut 8's Remarkable Migration: 6,400 Rigs Transferred, Unleashing AI and HPC Growth
Hut 8 Mining, a cryptocurrency mining company, is experiencing increased demand for artificial intelligence (AI) and high-performance computing.Herman HayesBinance Ignites the Flames: 11th LUNC Burn Incinerates 2.65 Billion Tokens
In its 11th burning round, Binance, the largest cryptocurrency exchange globally, has burned 2.65 billion Terra Classic (LUNC) tokens.Herman HayesWeb3 Powerhouse Makes Historic Move: Invests Up to $25 Million to Obtain Coveted Hong Kong Cryptocurrency License
According to local news outlet Foresight News, Web3 companies based in Hong Kong are reportedly investing between HK$20 million to HK$200 million (US$2.55 million to US$25.5 million) to obtain virtual asset service provider (VASP) licenses.Seth RowdenBreaking Barriers: Bitfinex Unveils Revolutionary P2P Trading Platform in Venezuela, Argentina, and Colombia
Bitfinex, A DIGITAL Asset Exchange, Has Intropuced A Peer-To-Peer (P2P) Trading Platform in Venezula, Argentina, and Collembia.Seth RowdenCollaborative Breakthrough: Japanese and Singaporean Regulators Forge Alliance for Groundbreaking Cryptocurrency Pilot Project
Japan's Financial Services Authority (FSA) and the Monetary Authority of Singapore (MAS) have announced a partnership for joint supervision and pilot testing of cryptocurrency projects as part of MAS's "Project Guardian" initiative.Herman HayesMythical Games Hits Jackpot: Secures $37M in Series C Funding to Revolutionize In-Game Marketplaces
Game publisher Mythical Games has secured $37 million in Series C1 funding, allowing it to maintain its unicorn status with a valuation exceeding $1 billion.Herman HayesEU Unveils Game-Changing Smart Contract Kill Switch Rules in Landmark Data Act
EU lawmakers have reached an agreement to proceed with the European Data Bill, a controversial piece of legislation that has faced criticism from the cryptocurrency community.Seth RowdenTether and Georgia Forge Partnership to Revolutionize Bitcoin P2P Infrastructure
Tether, the stablecoin issuer, has entered into a memory of understanding (MoU) with the government of Georgia to collaborate on the development of bitcoin and peer-to-peer (P2P) infrastructure in the state.Seth RowdenEuropean Commission Sets Ambitious Goal for Universal Acceptance of Digital Euro Proposal
The European Commission has announced its plans to propose legislation for the introduction of a digital euro, with the aim of establishing it as a widely accepted and user-friendly payment method.Seth RowdenBreakthrough Technology Enables Israeli Authorities to Seize Cryptocurrency from Terrorist Group
Israel's National Agency for Countering the Financing of Terrorism has announced the seizure of millions of dollars in crypto wallets that were intended to finance terrorism.Seth RowdenFidelity Leads the Charge: Seventh Applicant of the Year Pushes for Spot Wise Origin BTC Trust
Fidelity Investments, an asset manager, has submitted an application for a spot bitcoin exchange-traded fund (ETF), as stated in a filing by Cboe BZX Exchange with the US Securities and Exchange Commission (SEC) on June 19.Seth RowdenAnthony Scaramucci Slams Sam Bankman-Fried: A Damaging Blow to the Industry
Speaking at the Collision 2023 conference in Toronto, Skybridge Capital founder and Former White House communications director, Anthony Scaramucci, criticized cryptocurrency executive Sam Bankman-Fried for causing regulatory challengesSeth RowdenCoinbase Fights Back: Urges Dismissal of SEC Lawsuit, Citing Excessive Abuse of Process
Coinbase, the US-based cryptocurrency exchange, has filed a motion to dismiss the Securities and Exchange Commission's (SEC) complaint in their ongoing legal battle.Seth RowdenSlovakia Takes Bold Step: Parliament Votes to Slash Cryptocurrency Taxes
The National Council of the Slovak Republic, the country's parliament, has approved a measure to lower taxes on cryptocurrencies, among other changes affecting cryptocurrency holders.Seth RowdenUS Contemplates Stricter Controls on AI Chip Exports: Implications for Global Innovation
US officials are considering implementing stricter export controls to limit the supply of artificial intelligence (AI) chips to China. Sources close to the officials have indicated that these regulations would involve restricting the computing power of exported chips.Herman Hayes
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- 5CZ: compared with the record high nine months ago, the current situation of the industry is much better
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