The British government has presented the Economic Crime and Corporate Transparency Bill to Parliament that will “make it easier and quicker” for law enforcement agencies “to seize, freeze and recover crypto assets.” The government stressed: “We must ensure that law enforcement agencies have the right legislative framework in place to recover criminals’ crypto assets.” UK’s…
Read more
Russia’s stock exchange expects to become a registered digital asset exchange and begin trading both digital financial assets and digital asset-based securities. The Moscow Exchange (MOEX) is drafting a bill to allow trading in digital financial assets (DFAs) and securities based on them, according to a report in the Russian press. The stock exchange is…
Read more
A new report suggests the Ethereum staking ecosystem could become a formidable industry impacting a wider crypto economy. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Chainalysis chief scientist shared his views on the Tornado Cash saga…
Read more
Iris Energy’s filing suggested the company planned to use proceeds from the sale to fund growth initiatives including purchasing mining hardware and developing data centers. Australia-based crypto mining firm Iris Energy has signed a deal with B. Riley giving the capital market company the option to purchase up to 25 million of its shares. According…
Read more
Decentralized identity services could play a vital role in promoting Web3 payments in emerging markets like Africa. This week’s Crypto Biz has the latest. If you’ve spent any time reading about blockchain and Web3, you know that this industry is filled with big buzzwords and half-baked concepts. But, concepts such as decentralized identity services, or…
Read more
A bill based on the proposed framework banning crypto investments could help to “restore the public’s faith and trust in their public officials,” according to Zoe Lofgren. Members of the United States House of Representatives and Senate as well as Supreme Court justices currently trading cryptocurrencies may have to stop HODLing while in office should…
Read more
XRP crypto has exponentially risen in price over the week soaring over 63% in value. The successful breakout has moved XRP up by one position and is now ranked #6 amongst other cryptocurrencies. Will XRP continue to pump? XRP is available on eToro. Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits…
Read more
Major crypto exchange FTX is holding discussions with potential investors regarding a funding round worth up to $1 billion. This is to allow the firm’s January 2022 valuation of about $32 billion to stay in line with previous financing from earlier this year. … Read More: FTX Crypto Exchange VC Investors Value it at $32 Billion…
Read more
The chief architect of Russia’s long-awaited crypto legislation has insisted that crypto trading regulations and new rules about the governance of the crypto mining sector must be addressed in the same bill. And the news could be good for Russian crypto miners – with tax breaks on the cards. Per the Russian news outlet Finmarket,…
Read more
Kraken has appointed a new CEO after founder and current chief executive Jesse Powell stepped down two days ago, with Powell citing a desire to devote more time to the exchange’s products as his main reason for vacating his position. Powell will continue to serve as chairman of Kraken’s board, while current COO Dave Ripley…
Read more
