Day: December 23, 2021

FBI Collaborates With Citibank, Sony, Japanese Authorities to Seize $180 Million in Bitcoin – Regulation Bitcoin News

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The Federal Bureau of Investigation (FBI), in collaboration with Citibank, Sony, and Japanese law enforcement, has taken action to “return more than $154 million in funds that were allegedly stolen from a subsidiary of Tokyo-based Sony Group Corporation.” The U.S. Department of Justice detailed: “As a result of this coordinated effort, investigators obtained the ‘private key’ … needed to access the bitcoin address.” Citibank and Sony Help FBI Seize Bitcoin Worth $180 Million The U.S. Department of Justice (DOJ) announced this week that the U.S. has “filed a civil forfeiture…

Wyoming Sen. Lummis to Propose New Crypto Regulator, Clear Guidance in 2022 Bill

CryptoX – Cryptocurrency Analysis and News Portal Lummis, who sits on the Senate Banking committee, wants nothing short of full normalization for digital assets in the U.S., the aide said. Her upcoming bill will propose doing just that with federal rules for stablecoins, consumer protection provisions and updated taxation guidance, as well as a new watchdog: a self-regulatory organization administered by the executive branch’s securities and swaps regulators. Original Source The post Wyoming Sen. Lummis to Propose New Crypto Regulator, Clear Guidance in 2022 Bill appeared first on CryptoX. CryptoX…

Lummis to Propose New Crypto Regulator, Clear Guidance in 2022 Bill

Lummis, who sits on the Senate Banking committee, wants nothing short of full normalization for digital assets in the U.S., the aide said. Her upcoming bill will propose doing just that with federal rules for stablecoins, consumer protection provisions and updated taxation guidance, as well as a new watchdog: a self-regulatory organization administered by the executive branch’s securities and swaps regulators. Source

VeChain Foundation Welcomes New DEX To Its Ecosystem

The VeChain ecosystem continues to grow and recently saw the deployment of a new decentralized exchange (DEX). Called ZumoSwap, it was designed as an alternative to Vexchange, the automated market maker (AMM) and liquidity provision protocol already launched on this network. Related Reading | VeChain’s DEX To Launch Governance Token And Yield Farming Program In a Medium post, the team behind ZumoSwap addressed the questions most VeChain users must be making: why launch a new DEX when Vexchange is already functional? According to ZumoSwap, there is “something that doesn’t feel…

What’s up with Jack? Dec. 16-23

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When you’re no longer at the helm of a publicly-traded company, you have more leeway to express controversial views. Former Twitter CEO Jack Dorsey took to social media this week to express his discontent over venture capital’s role in Web 3.0. Some of his Twitter followers agreed with his views, others disagreed and some even blocked him entirely.  Below is the concise version of the latest “Crypto Biz” newsletter, which is sent to your inbox every Thursday. For a comprehensive breakdown of business developments over the last week, register for…

A Crypto Christmas Miracle? Bitcoin Signal Suggests A Bottom Is Near

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During no other time of the year are humans more open to the idea of miracles than now. But what about a crypto Christmas miracle for Bitcoin? Rather than the miracle being the premise for a holiday flick, it is possible that the appearance of a backtestable technical signal puts in a miracle-esque bottom for the cryptocurrency market. More Credence For A Santa Claus Rally In Crypto Dozens of Hallmark-style holiday movies include the world “miracle” in their title. The idea that Santa Claus could hit the homes of children…

Bakkt president Adam White announces departure from digital asset platform

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Adam White, the president and founding executive of digital assets company Bakkt, is leaving the firm after three years. In a Thursday post on Twitter, White said next week would mark his departure from Bakkt, where he has served as both chief operating officer and president. White joined Bakkt after leaving Coinbase in 2018, where he worked as a vice president and general manager. The Bakkt president did not reveal what his next move would be, or whether he would continue to work in the crypto space. “I’ve loved working…

Gifting of Virtual Land on Earth 2

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Just in time for Christmas, Earth 2 has launched its new gifting feature, allowing players the ability to send ownership of unique virtual land tiles of any geolocation on earth.  Virtual land on Earth 2 directly corresponds to exact locations in the real world making each piece of land, including the sole ownership of that land, completely unique. What does gifting bring to Earth 2? The gifting feature will not only make it easier for the welcoming of new players into community driven land projects, such as MegaCities, but also…

December Turns Red For Bitcoin As Market-Wide Sell-Offs Continue

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December has turned out to be a red month for bitcoin and other indexes as sell-offs have rocked the crypto space. Bitcoin and altcoins alike have recorded numerous losses tied to investors selling off their holdings and hunkering down for what looks to be the beginning of a drawn-out bear market. Some have however suffered more than others in a more that has turned bloody for investors. All across the market, indexes continue to record double-digit drops, signaling no improvement from the previous week as losses had also risen to…

What cryptocurrencies should you watch in 2022? | Find out live on The Market Report

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The holiday edition of “The Market Report” with Cointelegraph is live right now! Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they discuss some of their top cryptocurrency picks for 2022. Marcel kicks things off by tackling the question on everyone’s mind: Will 2022 be defined by a bull or bear market? Next up, Jordan and Benton each share one of their top cryptocurrency picks for 2022. Do you agree? Let them know in the YouTube chat! Using insights from Cointelegraph’s…