Tag: Report

US Senate bill threatens crypto, AI data centers with fees — Report

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Draft legislation in the US Senate threatens to hit data centers serving blockchain networks and artificial intelligence models with fees if they exceed federal emissions targets, according to an April 11 Bloomberg report.  Led by Senate Democrats Sheldon Whitehouse and John Fetterman, the draft bill purportedly aims to address environmental impacts from rising energy demand and protect households from higher energy bills, Bloomberg said. Dubbed the Clean Cloud Act, the legislation mandates that the Environmental Protection Agency (EPA) set an emissions performance standard for data centers and crypto mining facilities…

Pakistan proposes compliance-based crypto regulatory framework — Report

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Regulators in Pakistan have proposed a regulatory framework for digital assets that is compliance-focused, in accordance with rules laid out by the Financial Action Task Force (FATF), the supranational organization that polices finance for money laundering, The Express Tribune reported. According to the report, Pakistan’s Federal Investigation Agency (FIA) introduced the regulatory framework to address terrorism financing, money laundering provisions, and Know Your Customer (KYC) controls enforced by the supranational organization. The report cited FIA Director Sumera Azam as saying: “This is a paradigm shift in how Pakistan views digital…

World Liberty Financial Denies Report of Selling Ethereum, Will ETH Price Bounce Back Quick?

Key Notes A WLFI spokesperson labeled the allegations as “wholly inaccurate” and affirmed that WLFI has not sold any of its holdings. Ethereum price drop below $2,000 has sparked heightened whale activity with a newly created wallet accumulating 9,610 ETH. Crypto analyst Ali Martinez highlighted that Ethereum’s entity-adjusted dormancy flow has dropped below 1 million, which talks of undervaluation. World Liberty Financial (WLFI), the cryptocurrency project linked to US President Donald Trump, has rejected recent reports of them selling $8 million worth of ETH ETH $1 563 24h volatility: 2.1%…

Kaiko Report Highlights Key Drivers of Q1 Crypto Market Decline and Outlook for Q2

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Massive Bitcoin inflows to Binance ahead of CPI report — is BTC price crash incoming?

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Bitcoin inflows to Binance have surged over the past 12 days as today’s CPI data release looms — are investors bracing to sell? In his recent post on X, CryptoQuant’s Maarten Regterschot pointed out that over 22K Bitcoin (BTC) — worth approximately $1.82 billion — were transferred to Binance over the past 12 days. This brought the exchange’s total BTC reserves to around 590,874 BTC. Source: X post by CryptoQuant.com “This shows a strong acceleration in BTC inflows to Binance,” Regterschot wrote. “It’s likely that investors are actively moving funds…

Nigerian court postpones Binance tax evasion case to end of April: Report

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A Nigerian court has reportedly delayed the country’s tax evasion case against Binance until April 30 to give time for Nigeria’s tax authority to respond to a request from the crypto exchange. Reuters reported on April 7 that a lawyer for Binance, Chukwuka Ikwuazom, asked a court the same day to invalidate an order allowing for court documents to be served to the company via email. Binance doesn’t have an office in Nigeria and Ikwuazom claimed the Federal Inland Revenue Service (FIRS) didn’t get court permission to serve court documents…

Brazilian court authorizes crypto seizure for debt collection — Report

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Brazilian judges have been authorized to seize cryptocurrency assets from debtors who owe money and are behind on their payments, signaling a growing recognition that digital assets can be both a form of payment and a store of value. According to local media reports, the Third Panel of Brazil’s Superior Court of Justice unanimously authorized judges to send letters to cryptocurrency brokers informing them about their intent to seize an account holder’s assets to repay creditors. The report was confirmed by the Superior Court of Justice, which issued a notice…

Codex to build stablecoin-only blockchain, disavowing ‘general-purpose’ chains — Report

Blockchain startup Codex has raised $15.8 million to build a layer-2 network specifically for stablecoins, signaling that more builders are rushing to capitalize on the growing industry and regulatory alignment around fiat-backed stable assets.  The seed round was led by Dragonfly Capital, with additional participation from Coinbase, Circle, Cumberland Labs, Wintermute Ventures and others, Codex told Fortune. The funding will be used to help Codex build its stablecoin-only platform from the ground up, said co-founder and CEO Haonan Li. Source: Victor Yaw Codex has disavowed “general-purpose blockchains” because of their…

Circle considers IPO delay amid economic uncertainty — Report

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Stablecoin firm Circle, the issuer of the USDC (USDC) dollar-pegged token, might delay its planned initial public offering (IPO) amid macroeconomic uncertainty over US President Donald Trump’s trade policies, the The Wall Street Journal reported. Circle registered with the United States Securities and Exchange Commission (SEC) on April 1 to take the company public. It is now “waiting anxiously” before taking further steps, the Journal reported, citing people familiar with the matter. Circle joins a growing list of companies considering IPO delays, including fintech company Klarna and ticketing firm StubHub.…

Trump Nominee Paul Atkins Clears Senate Panel for U.S. Securities and Exchange Commission (SEC) Chair: Report

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Paul Atkins, Donald Trump’s nominee for chair of the U.S. Securities and Exchange Commission (SEC), advanced through the Senate Banking Committee on Thursday. According to a Reuters report, the committee approved Atkins in a 13-11 vote, with all Democrats opposing the nomination. Atkins, a former SEC commissioner, is known for his deregulatory stance and ties to the cryptocurrency industry. The nomination now moves to the Senate floor for final confirmation. If confirmed, Atkins will succeed Acting Chair Mark Uyeda, who has led the SEC since January. Atkins has pledged to…