Tag: Regulation

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Today in Crypto: BNB Chain Report Shows Web3 Growth Despite Bear Market, Beam Wallet Leveraging Optimism and Base Launches, Binance Withdraws its Crypto License Application in Germany

July 27, 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: BNB Chain Report Shows Web3 Growth Despite Bear Market, Beam Wallet Leveraging Optimism and Base Launches, Binance Withdraws its Crypto License Application in Germany  Read more »Sign up…
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Rep. Patrick McHenry blames White House for lack of urgency on stablecoin bill negotiations

July 27, 2023

Republican leadership has blamed the Biden administration for not having a “sense of urgency” on stablecoins, while the Democratic response suggested “impatience” by lawmakers. United States House Financial Services Committee chair Patrick McHenry has pointed a finger at the Biden administration for the lack of bipartisan agreement on a stablecoin bill. In a July 27…
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Judge warns Sam Bankman-Fried to ‘take it seriously’ as prosecutors push to revoke bail: Report

July 26, 2023

Assistant U.S. Attorney Danielle Sassoon reportedly said SBF made roughly 100 calls to a reporter behind The New York Times story that revealed Caroline Ellison’s private journals. A federal judge overseeing the criminal case against Sam Bankman-Fried, also known as “SBF,” will reportedly consider revoking the former FTX CEO’s $250 million bail based on allegations…
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Judge suggests IRS issued $4K refund over tax lawsuit based on quality of lawyers: Report

July 26, 2023

A couple who filed a lawsuit over how staked Tezos tokens were taxed has gone to appellate court after refusing to accept a refund check from the IRS. Oral arguments began on July 26 for an appeals case on a complaint a Tennessee couple filed against the United States Internal Revenue Service (IRS) on calculating…
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Today in Crypto: South Korea Launches the Joint Investigation Centre for Crypto Crimes, Singapore Rules Crypto is Property Capable of Being Held in Trust, Craig Wright Must Pay £400,000 in Coinbase & Kraken Cases but Judge Doesn’t Think He Has the Money

July 26, 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: South Korea Launches the Joint Investigation Centre for Crypto Crimes, Singapore Rules Crypto is Property Capable of Being Held in Trust, Craig Wright Must Pay £400,000 in Coinbase…
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Japan’s Prime Minister Stresses Gov’s Focus on Web3 Growth, Says Major Company Will Unveil ‘Ambitious’ Metaverse Project

July 26, 2023

Japan’s Prime Minister Fumio Kishida said that the country’s agenda includes support for the growth of Web3 companies and suggested that a major company would reveal its metaverse project. Meanwhile, Binance announced its full Japanese presence starting in August. Kishida spoke to the audience at the two-day WebX conference in Tokyo, which opened on Tuesday…
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Trademark attorney predicts legal fights ahead with Twitter’s rebrand to X

July 25, 2023

According to Josh Gerben, the social media platform could be embroiled in lawsuits over its “X” branding for years, costing upward of millions of dollars. Josh Gerben, a trademark attorney with Gerben Intellectual Property, has suggested the company formerly known as Twitter could spend upward of $100 million in dealing with litigation as a result…
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Bitcoin price is down, but data signals that $30K and above is the path of least resistance

July 25, 2023

Even with a price correction to $29,000, several Bitcoin price metrics show traders casting bets on a quick rebound. On July 24, Bitcoin experienced a flash crash, plummeting to $29,000 in a movement now attributed to significant Bitcoin holders potentially liquidating their positions.  Amid the crash and market uncertainty, Bitcoin’s (BTC) three major trading metrics continue to…
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Today in Crypto: Binance Plans to Ask the Court to Dismiss a CFTC Lawsuit, Solana-based Exchange.art Set to Integrate with Ethereum, UK’s Data Watchdog to Examine Worldcoin

July 25, 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Binance Plans to Ask the Court to Dismiss a CFTC Lawsuit, Solana-based Exchange.art Set to Integrate with Ethereum, UK’s Data Watchdog to Examine Worldcoin  Read more »Sign up…
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Mark Cuban Criticizes SEC Approach in Ripple-XRP Case

July 24, 2023

Mark Cuban, a Shark Tank star and owner of the NBA team Dallas Mavericks, has weighed in on the U.S. Securities and Exchange Commission (SEC) v. Ripple case regarding XRP. “The current mission of the SEC is not to protect small investors,” the billionaire asserted. “Their goal is to litigate. And litigate more. And litigate…
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