Day: November 26, 2022

Most Governments Understand Crypto Adoption Will Happen Regardless – Regulation Bitcoin News

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Binance CEO Changpeng Zhao (CZ) says that most governments know that crypto adoption will happen regardless of what they do. “It’s better to regulate the industry instead of trying to fight against it,” the Binance executive emphasized. Binance’s CEO on Crypto Regulation After FTX Collapse The CEO of Binance, Changpeng Zhao (CZ), talked about cryptocurrency regulation following the collapse of crypto exchange FTX Friday at a Binance event in Athens, Greece. I think most governments now understand that adoption will happen regardless. It’s better to regulate the industry instead of…

New York’s mayor seeks balance with regulators after PoW mining moratorium

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New York City mayor Eric Adams is still focused on making New York a crypto hub, but he believes that goal can be combined with statewide efforts to curb environmental costs related to crypto mining, according to reports on Nov 25.  The comments follow the new law signed by New York governor Kathy Hochul, banning proof-of-work (PoW) mining activities for two years in the state. The mayor, known as a crypto proponent, said in June he would ask the governor to veto the bill. With the bill signed into law,…

A US Senate hearing will discuss FTX, New York bans proof-of-work and FTX evaluates its assets: Hodler’s Digest, Nov. 20-26

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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Tornado Cash developer Alexey Pertsev to stay detained until next year’s hearing Amid an ongoing investigation into crypto mixer Tornado Cash, the product’s developer, Alexey Pertsev, will be subject to at least another three months of detainment, as per a court ruling this week. Earlier…

El Salvador Establishes National Bitcoin Office to Manage ‘All Projects Related to the Cryptocurrency’ – Bitcoin News

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After the Salvadoran president Nayib Bukele revealed the country would buy a single bitcoin every day, a report published by Torres Legal details that the government of El Salvador has created a National Bitcoin Office (ONBTC). The report says the entity was created via Decree No. 49, which was signed by Bukele and El Salvador’s tourism and economy ministers. Salvadoran National Bitcoin Office Established With ‘Functional and Technical Autonomy Within the Presidency of the Republic’ On Nov. 25, a Linkedin post published by Torres Legal explains that El Salvador’s government…