Tag: News

Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry – Regulation Bitcoin News

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Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law enforcement. Long’s post followed Custodia’s unsuccessful application to become a member of the Federal Reserve System, which was denied by the Federal Reserve Board. CEO of Custodia Criticizes U.S. Government for ‘Shooting a Messenger Who Warned of Crypto Debacle’ Executives of digital currency and blockchain companies are displeased with the U.S.…

DOT Remains Near Multi-Month High, as LINK Hits 9-Day High – Market Updates Bitcoin News

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Polkadot remained close to its highest level since September, as bullish sentiment rose to start the weekend. Following a move above $7.00 on Friday, momentum was high during Saturday’s session. Chainlink was also higher, with prices tracking at a nine-day high. Polkadot (DOT) Polkadot (DOT) remained close to a multi-month high on Saturday, following a breakout above a $7.15 resistance level. DOT/USD surged to an intraday high of $7.39 to start the weekend, following a low of $6.71 the day prior. Following Friday’s low, the token rose significantly higher as…

ETH Back Above $1,700, as Markets Rebound on Saturday – Market Updates Bitcoin News

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Ethereum was once again trading above $1,700 to start the weekend, as cryptocurrencies rebounded from Friday’s decline. The global crypto market cap rallied in today’s session, as bulls moved to buy yesterday’s dip. Bitcoin was also back in the green, with prices nearing the $25,000 mark. Bitcoin Bitcoin (BTC) moved toward the $25,000 mark on Saturday, as crypto markets rebounded from yesterday’s declines. Following a low of $23,712.05 on Friday, BTC/USD raced to an intraday high of $24,924.04 earlier in the day. As a result of this move, bitcoin once…

Nigerian Crypto Payment Gateway Fluidcoins Acquired by Seychelles-Based Crypto Exchange – Africa Bitcoin News

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The Nigerian crypto payment gateway Fluidcoins was recently bought for an undisclosed sum by Blockfinex, in a deal which the former’s CEO Lanre Adenowo described as an “acquihire deal.” Blockfinex reportedly said it will leverage the acquisition to launch its own platform known as Blockpay. Scaling Blockfinex’s Crypto Payment Processing Business The Nigerian crypto payment gateway, Fluidcoins, was recently acquired for an undisclosed sum by the Seychelles-registered crypto exchange company Blockfinex. According to a Techcabal report, Blockfinex’s acquisition of a 100% stake in the Nigerian firm came some 18 months…

Brazilian Government Preparing New Decree to Clarify Cryptocurrency Rules – Regulation Bitcoin News

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The Brazilian government is preparing to release a decree to fill the blank spaces that the recent approval of the cryptocurrency law has left open. The document, prepared by the Ministry of Finance, will establish the areas of oversight and responsibilities for the Central Bank of Brazil and the national securities regulator (CVM). Brazilian Government to Issue New Crypto Regulation Decree Members of the Brazilian government are working to extend the cryptocurrency rules established by the cryptocurrency law sanctioned on Dec. 21 by outgoing president Jair Bolsonaro. According to reports…

Norwegian Authorities Seize Crypto Worth $6M From Axie Infinity Heist With FBI’s Help – Featured Bitcoin News

Norwegian authorities, in collaboration with the Federal Bureau of Investigation (FBI) and the U.S. Department of Justice (DOJ), have allegedly seized about $6 million that was stolen in last year’s Axie Infinity heist. “It is the biggest crypto seizure Norwegian police have ever made,” said Norway’s Økokrim. Norway and FBI Recoup Some Stolen Funds From Axie Infinity Attack Økokrim, Norway’s National Authority for Investigation and Prosecution of Economic and Environmental Crime, announced Thursday that it has seized 60 million kroner (approximately $5.8 million) in crypto in connection with the attack…

Coinbase CEO Urges Congress to Pass Clear Crypto Legislation — Warns America Risks Losing Financial Hub Status – Regulation Bitcoin News

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Coinbase CEO Brian Armstrong has called on Congress to pass clear crypto legislation, warning that the U.S. risks losing its status as a financial hub. “Crypto is open to everyone in the world and others are leading,” the executive stressed. Coinbase’s CEO on Cryptocurrency Regulation The CEO of the Nasdaq-listed cryptocurrency exchange Coinbase (Nasdaq: COIN), Brian Armstrong, has called on Congress to pass clear crypto legislation. He tweeted Wednesday: America risks losing its status as a financial hub long term, with no clear regs on crypto, and a hostile environment…

Former FTX Director of Engineering Nishad Singh Negotiating Plea Deal with Prosecutors  – Bitcoin News

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Another member of Sam Bankman-Fried’s inner circle allegedly plans to plead guilty to criminal charges for his role in the alleged fraud that occurred at the cryptocurrency exchange FTX. According to unnamed sources familiar with the matter, Nishad Singh, FTX’s former director of engineering, is attempting to negotiate a deal with New York prosecutors. Sources Say Former FTX Director of Engineering Nears Plea Deal, Singh Could Provide Critical Testimony On Friday, Bloomberg reporter Allyson Versprille reported that Nishad Singh, the former director of engineering at FTX, is negotiating a deal…

Bill Allows Russian Financial Platforms to Operate Blockchains, Issue Digital Assets – Finance Bitcoin News

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A draft law filed in the Russian parliament permits operators of platforms providing financial services to also run blockchain platforms. The legislation will allow them to combine their regular activities in the traditional financial market with issuing digital assets. New Law Opens Door to Blockchain Space for Russian Financial Service Providers The State Duma, the lower house of parliament in Russia, has adopted on first reading a bill allowing financial marketplaces, as defined by another Russian law, to also function as blockchain platforms facilitating the issuance and exchange of digital…

Moody’s Says Forex Shortages May Force Nigerian Central Bank to Delay Repaying Local Banks – Africa Bitcoin News

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The persistent scarcity of foreign exchange may force the Nigerian central bank to delay repaying the $10.4 billion owed to local banks, analysts at Moody’s Investors Service have concluded. The central bank’s failure to pay its debts on time will likely force the affected financial institutions to similarly delay paying back their own forex-denominated debts. Nigeria’s Declining Oil Revenues Nigeria’s perennial shortage of foreign exchange may likely result in the country’s central bank failing to repay domestic lenders on time, the rating agency Moody’s Investors Service has said. As reported…