Vivekanandan Tiwari
The SEC seeks to regulate the industry by categorizing cryptocurrencies as securities, per Sen Tom Emmer. Senator Tom Emmer claims that the U.S. Securities and Exchange Commission (SEC) is still actively pursuing cryptocurrency and has gone beyond its authority. Tom Emmer, a Republican senator, has questioned the public’s confidence in the American financial system. The … Read more
Cynthia Lummis, a senator, stated that senators unfamiliar with cryptocurrency would require some time to understand and process the suggestions. According to the two senators, the key crypto legislation spearheaded by Republican Cynthia Lummis and Democrat Kirsten Gillibrand of the United States Senate will most likely be postponed until the next year. During their appearance … Read more
According to the Bitcoin Mining Council’s most recent Q2 2022 report, almost 60% of the electricity used to power Bitcoin mining equipment comes from green sources (BMC). In its Q2 review of the Bitcoin network, released on July 19, the BMC found that the worldwide Bitcoin mining industry’s use of renewable power is up 6 … Read more
According to reports, JVCEA, a self-regulating entity, has been issued strong warnings to get its act together as the Japanese Financial Services Agency pushes for the group to accelerate the deployment of its AML regulations. Local government officials and business professionals claim that Japan’s self-regulation “experiment” for the cryptocurrency sector is not succeeding as anticipated. … Read more
Skybridge says that withdrawals from one of its crypto-exposed funds will be stopped. Skybridge joins other companies that have frozen the funds of crypto investors. However, Skybridge’s CEO, Anthony Scaramucci, says the freeze is only temporary, and there is no danger of the company going out of business. Skybridge Capital has stopped people from taking … Read more
Users’ attempts to remove their funds from the platform have been a rollercoaster since Celsius Network prohibited withdrawals, swaps, and transfers last month. The lending program eventually filed for Chapter 11 bankruptcy this week, following in the footsteps of Voyager, which brought everything to a head. Users had some hope that they may receive their … Read more
The Winklevoss brothers’ Gemini cryptocurrency exchange is the first in Ireland to be registered by the Central Bank of Ireland as a Virtual Asset Service Provider (VASP). Additionally, the central bank granted the cryptocurrency exchange an Electronic Money Institution (EMI) license in March. Gemini Obtains an Irish License as a Virtual Asset Service … Read more
According to billionaire Mike Novogratz, Bitcoin may yet hit $500k in five years. Despite its expansion since its start, the cryptocurrency industry still has many detractors. Still, it also has plenty of enthusiastic supporters, including Mike Novogratz, the CEO of the cryptocurrency investment business Galaxy Digital. According to remarks made by Novogratz at the Bloomberg … Read more
Lido Finance plans to offer its ETH staking services over the L2 network as long as some networks have “demonstrated economic activity.” A cryptocurrency staking service provider, Lido Finance, has revealed ambitions to expand the Ethereum Layer 2 network’s support for staked Ether (stETH). In a blog post published on July 18, the Lido team … Read more
The dominance of Binance over Coinbase and other exchanges is reaffirmed. Along with continuing to expand, it is currently the exchange with the largest holding of Bitcoins worldwide. As the bear market began, Binance and Coinbase’s fortunes stood in sharp contrast to one another. Through a show of force and ongoing hiring, Binance and its … Read more