Day: May 7, 2022

The Ukraine invasion shows why we need crypto regulation

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Shortly after the Russian invasion of Ukraine began, the Ukrainian government tweeted a request for funds in the form of Bitcoin (BTC), Ether (ETH) and Tether (USDT). The total received now stands at more than $60 million, according to Michael Chobanian, founder of Kyiv-based Kuna Exchange and president of the Blockchain Association of Ukraine, who posts regular updates via his Twitter account. Unlike support being pledged by governments around the world, these funds were available to the Ukrainian military within minutes — not weeks. For individuals, cryptocurrencies can provide a…

US Court Fines Bitmex’s Founders $30 Million for Operating Illegal Crypto Platform – Regulation Bitcoin News

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The founders of Bitmex have been ordered to pay $30 million “for illegally operating a cryptocurrency derivatives trading platform and anti-money laundering violations.” Arthur Hayes, Benjamin Delo, and Samuel Reed must pay $10 million each. Bitmex’s Founders Fined $30 Million The Commodity Futures Trading Commission (CFTC) announced Thursday that the U.S. District Court for the Southern District of New York has ordered Bitmex’s founders to pay a total of $30 million dollars “for illegally operating a cryptocurrency derivatives trading platform and anti-money laundering violations.” Noting that the three Bitmex co-founders…

WARNING: Bitcoin Just Did Something For The FIRST TIME IN YEARS (be ready)

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Top 5 Biggest Banks Using Ripple (XRP) Blockchain #shorts

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The overthrow of crony capitalism

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If Karl Marx and Friedrich Engels were somehow transported to the present day and given a newspaper, the apparent lack of class conflict would probably make the revolutionaries think they’d won. They would see a society split on all manner of subjects — from identity politics to the correct COVID-19 strategy — but virtually silent on the eternal struggle between labor and capital, the oppressors and the exploited. How different it would be if they’d returned just 10 years ago when the Occupy movement was in full swing, with tent…

US Senator Introduces Bill Prohibiting Labor Department From Interfering With Crypto in Retirement Accounts – Regulation Bitcoin News

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A U.S. senator has introduced a bill to prohibit the Labor Department from issuing a regulation or guidance that limits the type of investments investors can choose in their retirement plans, including cryptocurrency. “Today, the Biden administration is targeting cryptocurrency. Which investment class is next?” the lawmaker stressed. Financial Freedom Act The issue of what investments Americans can put in their retirement accounts has become a hot topic in Washington. In March, the Department of Labor issued guidance warning employers and investment firms against allowing cryptocurrency investments in retirement plans.…

ETHEREUM: 20K IN ARRIVO!! COSA DICONO GLI ANALISTI!!!

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3 Stablecoins Command Positions in the Crypto Economy’s Top 10, Another Fiat-Pegged Token Is Close to Joining – Markets and Prices Bitcoin News

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The last five weeks has been brutal for digital currencies as more than 21% has been shaved off the crypto economy’s fiat value since March 27. While all the crypto assets combined shed roughly 0.8% in the last 24 hours, bitcoin has lost 9.4% since last week and seven day statistics show ethereum has dropped 8.1% against the U.S. dollar. Since the crypto economy’s significant losses, the stablecoin UST has managed to take the top ten market capitalization among 13,439 crypto assets. 3 Stablecoins Hold Top 10 Positions, Terrausd Enters…

Coinbase Cancels Crypto Lending | SEC Wins

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Coinbase had proposed the Lend product which would see its users earn up to 4 percent interest on selected crypto assets. However, the exchange revealed that it had received the threat of a lawsuit from the SEC if it continued with the plan. Coinbase announced in an updated blog post that it would no longer launch the USDC APY program, and it has discontinued the waitlist for the program. Meanwhile, The U.S. Department of Homeland Security’s Immigration and Customs Enforcement (ICE) branch…

Tron Is Trading Within Its Triangle Pattern; What Awaits The Coin Next?

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Tron’s native coin TRX has been moving on bullish price action since the beginning of the month. Tron had announced in the past weeks, that, it is soon to be going live with its algorithmic stable coin USDD. Ever since this development, the anticipation caused prices of TRX to surge. TRX has been one of the top gainers in the industry. The bullish stance has made the coin go past its immediate price ceiling and pushed the coin to eye its next resistance mark. On the chart, according to its…