Auto Added by WPeMatico

Singapore Cracks Down: Polymarket Blocked Amidst Global Scrutiny of Unlicensed Gambling Platforms

Singapore’s gambling regulator blocked access to Polymarket, a predictions market, considering it online gambling under their law. Offenders Face Stiff Fines or Jail Time Singapore’s Gambling Regulatory Authority (GRA) has…

Continue ReadingSingapore Cracks Down: Polymarket Blocked Amidst Global Scrutiny of Unlicensed Gambling Platforms

Crypto Billionaire Flees London Over Offshore Tax Concerns

Christian Angermayer, a billionaire crypto investor, has reportedly moved from London to Switzerland as the UK considers tightening tax policies on offshore wealth. Angermayer’s relocation signals the potential departure of…

Continue ReadingCrypto Billionaire Flees London Over Offshore Tax Concerns

Iran Escalates Crackdown on Illegal Crypto Mining Amid Severe Power Crisis

Iran is aggressively cracking down on illegal cryptocurrency mining as the nation faces a severe power crisis exacerbated by an intense heatwave. Iranian authorities claim that unauthorized crypto mining has…

Continue ReadingIran Escalates Crackdown on Illegal Crypto Mining Amid Severe Power Crisis

The average person’s wealth will be ‘completely destroyed by inflation,’ says Arthur Hayes

Investing in assets "outside of the traditional financial system” is the only way to preserve one’s wealth, according to the former BitMEX CEO.

Continue ReadingThe average person’s wealth will be ‘completely destroyed by inflation,’ says Arthur Hayes

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

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…

Continue ReadingCustodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry

Crypto regulation decided by Congress, not the SEC: Blockchain Association

The group's policy head doubted a divided Congress can create crypto legislation but said it doesn’t give regulators absolute authority in the interim.

Continue ReadingCrypto regulation decided by Congress, not the SEC: Blockchain Association

Daily Raids on Crypto Farms as Abkhazia Intensifies Mining Crackdown

Authorities in Abkhazia are stepping up efforts to clamp down on cryptocurrency mining amid electricity shortages in the winter months. The government of the breakaway Georgian region announced it’s also…

Continue ReadingDaily Raids on Crypto Farms as Abkhazia Intensifies Mining Crackdown