Tag: Cryptocurrency Regulation
Meta’s Stablecoin Project Criticized as ‘Political Kill’ by Former Diem Co-Founder
Meta's Stablecoin Project Faces Political BacklashIn a shocking revelation, former Diem co-founder David Marcus has labeled Meta's stablecoin project as a 'political kill'. The project, originally launched as Libra in 2019, faced insurmountable political...
Indian Central Bank Takes Cautious Approach to CBDC Implementation
The Reserve Bank of India (RBI) is taking a cautious approach to the nationwide rollout of its Central Bank Digital Currency (CBDC), known as the e-rupee. Deputy Governor T. Rabi Sankar stated that the...
SEC Investigates Immutable X for Potential Violations – What You Need to Know
Immutable X, a web3 gaming firm, recently made a statement regarding a notice it received from the U.S. Securities and Exchange Commission (SEC) related to the sale of its IMX tokens in 2021. The...
The Impact of US Government Regulation on Tether: Insights from Paolo Ardoino
As crypto giant Tether faces increased scrutiny, CEO Paolo Ardoino shared with CoinDesk that the company is committed to complying with international sanctions and working closely with law enforcement. However, he acknowledged that Tether...
Gary Gensler Departure Sparks Mixed Reactions
SEC Chair Gary Gensler recently made some bold statements about cryptocurrencies during a speech at NYU School of Law. Known for his cautious approach, Gensler surprised many with his candid remarks. He expressed skepticism...
Navigating Short-term Bitcoin Investing: How to Avoid Panic Selling
Short-term Bitcoin investors are currently facing challenges as the average price for short-term holders stands at $64,860. This could lead to panic selling if there is another significant sell-off in the market. The latest...
SEC Seeks to Deny Coinbase’s Subpoena Request in NY Court
The U.S. Securities and Exchange Commission has raised concerns about Coinbase's extensive subpoena requests targeting agency Chair Gary Gensler's records. The SEC accused Coinbase of overreaching in its attempts to gather information related to...
Bitcoin Price Prediction: VanEck CEO Predicts $350k Target Amid Regulatory Quantitative Easing
VanEck CEO, Jan Van Eck, recently shared his optimistic prediction that Bitcoin could potentially reach $350,000 per coin as central banks engage in quantitative easing. This positive outlook stems from the belief that Bitcoin...
Kamala Harris’ Crypto Stance Unlikely to Sway Voters, Says Bernstein
Vice President Kamala Harris has recently been making efforts to connect with the crypto industry, but analysts at Bernstein believe that her actions may not be enough to sway voters in the upcoming US...
Biden’s Proposed Bitcoin Mining Tax Criticized by Lummis
Senator Cynthia Lummis of Wyoming has strongly criticized President Biden's proposed 30% tax on Bitcoin miners, calling it a "dangerous scheme" and an "attack on innovation." She believes that such a high tax rate...
