US Court Orders Tether to Provide USDT Backing Financial Records
The lawsuit filed in 2019, which claims crypto exchange Bitfinex and its sister company Tether manipulated the crypto market to issue USDT to inflate Bitcoin’s price, has taken a new…
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Draft US stablecoin bill would ban new algo stablecoins for 2 years
It’s reported the bills' definition will cover “endogenously collateralized stablecoins,” which depend on the value of an attached cryptocurrency from the same creator for it to maintain a stable price.
Former Obama Adviser Plays a Key Role at BlockchainCom
Jim Messina – one of Barack Obama’s closest advisers during his presidency reign in the USA – has taken an executive role at the popular cryptocurrency platform – BlockhainCom. The…
SEC Charges Crypto Influencer for Not Disclosing Incentive to Promote Unregistered ICO
The United States Securities Exchange Commission (SEC) has filed a lawsuit against prominent crypto influencer, investor, and entrepreneur Ian Ballina over an initial coin offering (ICO) dating back to 2018.…
US Treasury official says crypto mixers are a ‘concern’ in enforcing sanctions
Assistant Secretary at the Treasury Department Elizabeth Rosenberg said sanctioning crypto mixers could help deter money laundering from entities in Russia, Iran and North Korea.
Bitcoin still dominates total payments on BitPay despite the bear market
Total crypto payments on BitPay remained stable despite the bear market, with monthly transactions surging from around 58,000 in 2021 to 67,000 in 2022.
SEC lawsuit claims jurisdiction as ETH nodes are ‘clustered’ in the US
The SEC argues that as ETH validators are concentrated more densely in the United States, ETH transactions are seen as taking place in the country.
White House’s first crypto framework and missed opportunities — Law Decoded, Sept. 12-19
The industry didn’t take the document well, as the policymakers’ focus on security and enforcement is all too visible.
US Treasury plans to ask public if crypto-related regulations are ‘no longer fit for purpose’
The public has until Nov. 3 to submit comments on the Treasury addressing ransomware attacks, the illicit finance risks of cryptocurrency mixers and DeFi, and coordinating AML/CFT policy.
Crypto market bloodbath leads to $432M in liquidation
The current market downturn is being attributed to a number of macroeconomic factors, such as higher-than-expected CPI data and a possible biggest Fed rate hike in 40 years.
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