After months of international lobbying, the Nigerian government has dropped all money laundering charges against Binance executive Tigran Gambaryan. The decision was announced at the High Court in Abuja, where the Nigerian Economic and Financial Crimes Commission (EFCC) confirmed the withdrawal of the charges. Gambaryan, who has spent most of 2024 in custody, will now…
Vietnam is setting things in motion to become a blockchain leader in Southeast Asia. The Deputy Prime Minister of the country Ho Duc Phoc recently approved the National Blockchain Strategy. It lays out an ambitious plan that stretches to 2030. The strategy includes boosting research, education and infrastructure around blockchain technology. So, what’s in store…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Tether CEO Paolo Ardoino recently expressed concerns about the United States’ slow approach to crypto regulation, particularly compared to its historic leadership in technology. Speaking at the DC Fintech Week conference on October 22, Ardoino stated that while the U.S. has traditionally been at the forefront of technological innovation,…
Argentina is stepping up its crypto regulations with a draft that could reshape how crypto institutions operate. The Argentine securities regulator (CNV) has opened a public consultation on General Resolution 1,025, which proposes new compliance rules for virtual asset service providers (VASPs). If the rules are passed, they will enforce transparency, requiring crypto companies to…
On November 5, the United States is set to witness a crucial presidential election, in which Republican candidate Donald Trump will compete against Democratic candidate Kamala Harris to win the most powerful chair in the White House. The entire crypto community is closely watching the US political landscape. They are very eager to know how…
As the election between Kamala Harris and Donald Trump approaches, more details are coming up about donations from leading figures in the crypto market. People have long noted that this election could greatly impact the market. In line with this view, recent election data shows that Chris Larsen, the co-founder of Ripple, has made several…
Similar to the US elections, Japan’s political leaders are too using crypto to woo crypto investors as right now the market is highly dependent on the risk assets to support the country’s financial health. Yuichiro Tamaki, leader of Japan’s Democratic Party for the People (DPP), is making some bold promises ahead of the upcoming general…
Ripple’s Chief Legal Officer, Stuart Alderoty, recently reaffirmed that XRP is not a security, a point that continues to stir debate despite a clear court ruling. In July 2023, Judge Analisa Torres ruled that XRP, when traded on secondary markets, is not classified as a security. While the U.S. SEC is appealing certain aspects of…
Ireland’s Criminal Assets Bureau (CAB) is facing a major roadblock. Back in 2019, they seized $378 million worth of Bitcoin from Clifton Collins, a convicted drug dealer. However, despite holding such a valuable amount of cryptocurrency, they can’t access it because the keys to the wallets are lost. How the Bitcoin Got Locked Collins, who…
The SEC’s recent appeal of the Ripple case has caused quite a stir in the legal community, with MetaLawMan and several key figures sharing their thoughts on X. The main point of discussion stems from two different dates on the SEC’s Form C, dated October 16 and file stamped on October 17, sparking confusion over…
Este artículo también está disponible en español. Bitcoin (BTC) is trading slightly lower in South Korea compared to the global cryptocurrency markets due to a reverse ‘kimchi premium,’ not seen since October 2023. Reverse ‘Kimchi Premium’ Makes Bitcoin Cheaper In South Korea According to a report by The Korea Times, there is a price differential…
The XRP community is abuzz as Ashley Prosper, a prominent figure in the space, breaks down the confusion surrounding the Ripple vs. SEC appeal deadline. There are three key documents in circulation, each leading to differing interpretations on the timing of the SEC’s Form C submission. First SEC created the confusion of appeal or no…
While speaking at a crypto event, Republican congressman Byron Donalds, who is an important member of the House Financial Services Committee, asserted that Donald Trump would transform the cryptocurrency regulatory environment if he gets elected as the president of the United States in the November presidential election – in which he will compete against Democratic…
The SEC may have jeopardized its case against Ripple by missing a critical deadline to file its appeal. After announcing its intent to appeal on October 2, the regulator had 14 days to submit Forms C and D detailing its objections to Judge Analisa Torres’s August 7 ruling. However, as of October 16, the SEC…
A political action committee supporting Donald Trump’s 2024 presidential bid has raised approximately $7.5 million in cryptocurrency donations. The funds were contributed by supporters of the Trump 47 Committee, who donated a mix of bitcoin, ether, XRP, and stablecoins like USDC, according to a recent Federal Election Commission filing. Before the elections, the increase in…
Ripple’s legal drama with the SEC just got a new chapter! Ripple’s Chief Legal Officer, Stuart Alderoty, has laid out a clear roadmap for the company’s high-stakes battle, revealing that the case could stretch into mid-2025. This comes hot on Ripple’s cross-appeal filed on October 10, as the SEC keeps pushing to classify XRP as…
Ahead of the early November United States elections, incumbent Democratic Senator for Massachusetts Elizabeth Warren and her Republican challenger John Deaton, met in Boston for the first senatorial debate on Tuesday, October 15. The two candidates discussed for over an hour different issues ranging from crypto market regulations, housing inflation, abortion rights, and healthcare matters,…
Kamala Harris has stated her plans to release pro-crypto policies on winning the elections. The vice president has shown uncertainty about the policies in her campaigns. As the US Elections draw closer, the crypto community is waiting with bated breath to witness the regulatory reforms. However, they have also been observing the candidates’ approach to…
Home/Crypto Live News/Tron’s Justin Sun Ambitious Plans as Liberland’s New Prime Minister Crypto Live News Justin Sun, the founder of Tron, has been named Prime Minister of the micronation Liberland after winning a blockchain election. In his new role, Sun aims to promote libertarian values, including cutting government spending and lowering taxes. He believes that…
Home/Crypto Live News/Binance Exec Denied Bail Despite Severe Health Issues—Court’s Controversial Decision Sparks Outrage Crypto Live News Binance Executive Detained in Nigeria Faces Health Crisis, Legal Delay A Nigerian court has denied bail to Binance executive Tigran Gambaryan, despite concerns about his deteriorating health. Judge Emeka Nwite ruled that Gambaryan would remain in Kuje prison…
Bitnomial, a digital asset exchange, is pushing back against the SEC. The SEC says that XRP futures should be treated as securities. Bitnomial disagrees. This legal fight could have big consequences for crypto trading in the U.S. Let’s break it down. The SEC vs Bitnomial: What’s the Fight About? Bitnomial created an XRP futures contract…
After suffering bearish sentiment in the recent past, Bitcoin (BTC) price has received a much-needed boost announcement from the defunct crypto exchange Mt.Gox. According to the announcement from the rehabilitation trustee, Nobuaki Kobayashi, Mt.Gox has largely completed the base repayments for its creditors who completed the necessary procedures. However, the rehabilitation trustee noted that a…
Home/Crypto Live News/Mt. Gox Extends Deadline for Creditor Compensation To Oct 2025 Crypto Live News Mustafa Mulla Mustafa Mulla Author Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017. Oct 10, 2024 17:05 UTC Less than a minute…
Home/Crypto Live News/Argentina Outperforms Latin America in Crypto Use Amid Economic Crisis Crypto Live News Mustafa Mulla Mustafa Mulla Author Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017. Oct 10, 2024 16:19 UTC Less than a minute…
The Thai Securities and Exchange commission is ready to bring huge economical changes. The Commission is planning to allow mutual and private funds to invest in crypto assets like Bitcoin and Ethereum. The goal is simple — to keep up with the global trends. The SEC wants to meet the rising demand from investors to…
India has yet to publish its long-awaited discussion paper on cryptocurrency policy. The country’s focus is elsewhere. For months, there was an expectation that the government would outline its stance by September. However, other pressing issues are now taking priority. So, what’s going on with India’s crypto policy, and why is it taking so long?…
The FTX token recorded a 10.18% drop in price in the last 24 hours. Former FTX executive Ryan Salame began his prison term on October 7. Satoshi Nakamoto’s identity and the HBO documentary are the day’s talks for the crypto community. The HBO documentary has attempted to uncover the true identity of the creator of…
Crypto.com filed a lawsuit against the SEC on October 8. This action has been taken in response to the SEC sending a Wells Notice to the crypto exchange. This notice from the commission serves as a heads up that they are planning big action against the exchange. But Crypto.com isn’t just rolling over—they’re standing up…
The major cryptocurrency exchange in the United States, Crypto.com, has filed suit against the Securities and Exchange Commission (SEC) after receiving a well-notice from the agency. In a recent report, the exchange noted that it is doing this to protect the future of the crypto industry in the country. Looking at the current situation Kris…
The FTX exchange received approval from the US bankruptcy judge for its reorganization plan. The exchange plans to initially pay back 98% creditors within the first 60 days of the plan. The Web3 community after a recent slump has begun to stir up its activity. Meanwhile, the looming US elections and FED reports have influenced…
Home/Crypto Live News/Hong Kong Gears To Approve More Crypto Exchanges This Year! Reportedly, the Hong Kong Securities and Futures Commission (SFC) has planned to approve more crypto exchanges to operate this year. Notably, CEO, Julia Leung highlights that 11 applicants had undergone an on-site review recently. Moreover, HKVAX received regulatory approval last week, making it…
The rising tensions amidst the legal conflict between Ripple and the U.S. Securities and Exchange Commission (SEC), has led to XRP holders running a petition on social media platforms like X. The petition carrying the tag “Stop the SEC’s Unnecessary and Frivolous Appeal in the Ripple v. SEC Case” has received nearly 5000 signatures. Successively,…
Ripple vs SEC case has taken yet another turn, after the SEC’s decision to appeal Judge Analisa Torres’ ruling in its long-standing case against Ripple, filing a “notice of appeal” to the Second Circuit Court. This comes two months after the judge’s final judgment, keeping the four-year battle alive! However, the Securities and Exchange Commission…
Taiwan’s financial regulator, the Financial Supervisory Commission, has drafted new anti-money laundering regulations following amendments made to the laws in July. The new regulations will take effect on Jan. 1, 2025, and virtual asset service providers (VASPs) are expected to complete AML registration by the end of September. Otherwise, they could face imprisonment for up…
Bithumb, one of South Korea’s largest crypto exchanges is considering a listing on the U.S. Nasdaq, the company told at a temporary shareholders’ meeting held on the 30th, according to Korea Economic Daily. Bithumb IPO Coming Up In late 2023, the exchange was reportedly planning to go public by listing its shares on Kosdaq, the…
In a latest development, Niraj Antani, a State Senator in Ohio, has introduced a Bill that, if passed, would legalize crypto payments in the State. With a few months to the Presidential election, it remains unknown how State lawmakers will approach this new Bill and proposal. “TODAY: I introduced a bill the legalize the use…
In a major leap, ZA Bank, Hong Kong’s leading virtual bank, has become the first digital-only bank to receive approval from the Securities and Futures Commission (SFC) for Type 1 regulated activity, allowing it to offer cryptocurrency trading services. This move positions ZA Bank as a key player in Hong Kong’s rapidly growing crypto market,…
Taiwan’s Financial Supervisory Commission (FSC) has taken a landmark decision, allowing professional investors to gain exposure to cryptocurrency exchange-traded funds (ETFs), including Bitcoin ETFs. This move comes amid rising global demand for crypto investment products, especially in the U.S., where Bitcoin ETFs have garnered significant attention. Let’s witness this new start! Professional Investors Only According…
The former Chinese finance minister, Lou Jiwei has encouraged China to closely examine the advancements in cryptocurrency, during a speech at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing. The ex-government official highlighted the potential risks crypto poses to financial stability, including volatility and money laundering. He also remarked the United States’ diverting stance…
September 29, 2024 at 05:28 PM GST updated: September 29, 2024 at 04:06 PM 2 mins read News John Deaton vows to oppose a Federal CBDC, warning it could harm financial freedom by enabling government control over spending. Deaton criticizes Senator Warren’s support for a CBDC, arguing it could ban Bitcoin and self-custody of crypto…
Home/Crypto Live News/Tether Assisted US DOJ In Seizing Over $6M In Assets Linked To Crypto Confidence Scheme Tether, announced today that it assisted the U.S. DOJ in successfully seizing over $6 million in assets linked to a crypto-confidence scheme based in Southeast Asia. To date, Tether has assisted more than 180 enforcement agencies across 45…
Home/Crypto Live News/Former Chinese Govt. Official Urges Crypto Development Amidst U.S. Policy Shift The former vice minister of China’s Ministry of Finance, Zhu Guangyao, has urged the country to examine global policy adjustments on cryptocurrencies as part of the development of the digital economy. Guangyao’s remarks came amid a recent Chainalysis report indicating that over-the-counter…
The Binance founder CZ was released on Friday and has seen a profound welcome from the community on his return. The cryptocurrency exchange has combated several regulatory complications in the past months. The crypto community spurred into action on the release of Binance Founder and former CEO Changpeng Zhao. CZ as speculated by the community…
Home/Crypto Live News/Japan’s Scandal-hit Ruling Party Elects Shigeru Ishiba As Its New Leader, BoJ To Turn Hawkish? Japan’s scandal-hit ruling party has elected Shigeru Ishiba as its new leader, positioning the former defence chief as Japan’s next leader. Ishiba said that he would clean up his Liberal Democratic Party (LDP), revitalise the economy and address…
The post Bolivia Reports A 100% Increase In Average Monthly Virtual Asset Trading After Lifting Ban appeared first on Coinpedia Fintech News Bolivia’s central bank has reported a 100% increase in average monthly virtual asset trading in the county since lifting its ban on Bitcoin in late June. Roughly $15.6 million in virtual assets were…
The post Gary Gensler Claims Crypto Regulations Exist, Affirms ‘BTC Is NOT A Security’ appeared first on Coinpedia Fintech News SEC Chair Gary Gensler during an interview on CNBC mentioned that crypto regulations exist in the United States. He noted that many firms profited from the public’s interest in crypto without proper disclosures. He claimed…
September 26, 2024 at 05:28 PM GST updated: September 26, 2024 at 02:17 PM 2 mins read News Congressman Emmer criticizes SEC’s Gensler for crypto overreach, causing market confusion and stifling innovation. SEC’s mishandling of the Debt Box case sparks concern, highlighting flaws in Gensler’s crypto regulatory approach. Vice President Harris signals a shift toward…
Chainalysis co-founder and CEO Michael Gronager in an interview at Token2049 in Singapore stated that Stablecoins will drive institutional adoption in Asia, “even if regulators are not happy with it”. He highlighted that two-thirds of all transactions in transaction volume on blockchains are stablecoins. He also stated that while Asia has greater user adoption, the…
In a latest development, SEC Commissioner Hester Peirce, known as “Crypto Mom” in the community, criticized the SEC for not confessing sooner that crypto tokens are not securities by default. While speaking at the Practising Law Institute’s SEC Speaks conference in Washington, D.C., she stressed the negative effects SEC’s regulatory ambiguity is having on the…
In the ongoing development to regulate stablecoin issuers, on September 24, 2024, United States Representative Maxine Waters, the House Financial Services Committee, urged the Securities and Exchange Commission to finalize the bill by the end of this year. Additionally, Waters noted to the committee’s chairman Patrick McHenry, “I want us to strike a grand bargain…