China Mining Booms Outside China After Beijing Crackdown
(FT) More than 2 million machines have been moved out of China by fourteen of the largest crypto mining companies, fueling activities across the US, Kazakhstan, Russia, and Canada. Following…
Senators to Hijack Infrastructure Law With New Proposals on Crypto Reporting
(Bloomberg) A group of US Senators will introduce a bill that clarifies that individuals developing crypto wallets and blockchain technology are excluded from new reporting requirements. The Senators, led by…
Market Analysis: EURUSD and GBPUSD Struggling to Capitalize on Dollar Softness as ETHUSD Hits Record Highs
US dollar reamains on the defensive but near all-time highs.GBPUSD under pressure after interest rate disappointments.EURUSD is struggling for direction near one-month lows.Gold turns bullish on falling yields.US benchmark indices…
France has Been Testing Digital Currencies in Several Bond Transactions
(FT) A consortium of France’s largest banks, public debt office, and the central bank have been conducting trials of a digital currency for ten months in a series of bond…
Popular Bitcoin ATMs Prone to Multiple Attacks, Kraken Security Labs Reveal
(Kraken) Kraken Security Labs has found that the General Bytes BATMtwo (GBBATM2), a commonly used crypto ATM, is vulnerable to multiple attacks via a default QR code. Kraken established that…
Elon Musk Urges US Authorities to “Do Nothing” About Cryptocurrency Regulation
(Interview) Tesla CEO Elon Musk has asked the US government to sit back and “do nothing” about crypto regulation as any intervention could curtail growth. Musk says it is not…
Bitcoin Leads Crypto Inflows as Investments Hit the Highest in 4 Months After Dip
(CoinShares) Investment inflows into the world-leading cryptocurrency Bitcoin reached $50.2 million in the week to September 24, the highest in four months. Second-leading cryptocurrency Ether saw about $28.9 million worth…
Bitcoin and Ether Remain Resilient Despite Crackdown by China
Bitcoin reclaimed $44,000 on Monday, almost the level it was trading before China’s central bank announced crackdowns on cryptocurrencies on Friday. Fig: Bitcoin and Ethereum Prices Ethereum also recovered to…
Dubai World Trade Centre Aims to Become Future Ready by Allowing Crypto Trading
(Gulf News) Dubai World Trade Centre authorities will start allowing trading of cryptocurrencies and related financial activities in a bid to be “future-ready.” The development comes after the UAE’s Securities…
Cryptocurrencies a Top Agenda in SEC Chair Gensler Senate Testimony on Tuesday
(Banking.senate.gov) US Securities and Exchange Commission Chairman Gary Gensler is expected to discuss the regulator’s oversight role on Tuesday, with cryptocurrencies top of the agenda. The Senate Banking Committee is…
Ukraine’s Parliament Recognizes Cryptocurrencies in Draft Law
(Verkhovna Rada) Ukraine parliament has adopted in its second reading a draft on regulations governing cryptocurrencies in the country. The law, which received support from 276 deputies, will come into…
Panama Joins El Salvador in Crypto Regulation to Enhance Widespread Use
(Cointelegraph) Panama is the latest Central American nation seeking crypto regulation after Congressman Gabriel Silva introduced a bill in the country’s legislature. Panama’s bill seeks to encourage freedom of use…