Auto Added by WPeMatico

Russia Prepares to Create Government-Controlled Crypto Exchange

Lawmakers in Russia are drafting legislation that would allow the establishment of a “national cryptocurrency exchange,” local media unveiled. Coins now circulate outside of government oversight and the Russian state…

Continue ReadingRussia Prepares to Create Government-Controlled Crypto Exchange

New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels

A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. Businesses engaged in proof-of-work mining in the state will not be…

Continue ReadingNew York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels

Estonia, US Arrest 2 Suspects in $575 Million Crypto Fraud Scheme

Law enforcement officers from Estonia and the United States have arrested two men for allegedly committing a large-scale cryptocurrency fraud. The Estonian nationals, who ran a crypto mining service and…

Continue ReadingEstonia, US Arrest 2 Suspects in $575 Million Crypto Fraud Scheme

Bahamas Property Worth $121 Million Acquired by FTX, SBF’s Parents, Report Unveils

Bankrupt crypto exchange FTX and its founder’s parents have purchased properties for almost $121 million in the Bahamas, according to a media report. Some of these were supposed to be…

Continue ReadingBahamas Property Worth $121 Million Acquired by FTX, SBF’s Parents, Report Unveils

Billionaire Bill Ackman: Crypto Enables Creation of Useful Businesses and ‘Is Here to Stay’

According to Bill Ackman, billionaire and CEO of Pershing Square Capital Management, while crypto tokens are used by unethical promoters to perpetuate fraud, they “can enable the formation of useful…

Continue ReadingBillionaire Bill Ackman: Crypto Enables Creation of Useful Businesses and ‘Is Here to Stay’

Uzbekistan Licenses 2 Crypto Exchange Service Providers

The regulatory body overseeing the crypto market in Uzbekistan has issued licenses to two companies that will be providing exchange services. The decision to authorize their activities aims to make…

Continue ReadingUzbekistan Licenses 2 Crypto Exchange Service Providers

New Council at Ukraine’s Securities Watchdog to Draft Crypto Taxation Regulations

A special council under Ukraine’s securities regulator will be tasked to develop rules for crypto taxation in the country. The new body will be also responsible for coordinating the regulation…

Continue ReadingNew Council at Ukraine’s Securities Watchdog to Draft Crypto Taxation Regulations

Ripple CEO Optimistic Crypto Industry Will Be Stronger After FTX Fiasco if Transparency and Trust Remain Its Focus

The CEO of Ripple Labs, Brad Garlinghouse, believes that the crypto industry will come out stronger after the FTX meltdown if transparency and trust remain its key focus. He stressed…

Continue ReadingRipple CEO Optimistic Crypto Industry Will Be Stronger After FTX Fiasco if Transparency and Trust Remain Its Focus

Crypto Exchange FTX Fires 3 Top Executives, Report Reveals

Three high-ranking executives of failed cryptocurrency exchange FTX have reportedly been dismissed. Among them is one of the co-founders of what was one of the industry’s largest trading platforms, which…

Continue ReadingCrypto Exchange FTX Fires 3 Top Executives, Report Reveals