Amid the United States Securities and Exchange Commission (SEC) expanding the scope of oversight of the cryptocurrency industry, a commissioner with the Commodity Futures Trading Commission (CFTC) argued that crypto regulation doesn’t fall under the SEC’s jurisdiction. CFTC commissioner Brian Quintenz took to Twitter on Wednesday to declare that cryptocurrencies like Bitcoin (BTC) should be
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Bitcoin (BTC) headed lower on Aug. 5 after an attempt to reclaim $40,000 failed to garner buyer support. Accumulation recalls October 2020 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to local lows of $38,700 on Bitstamp, down around 1.5% in several hours. The largest cryptocurrency had benefited considerably from remarks by Gary Gensler,
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While opponents of cryptocurrencies continue to peddle the environmental damage or the terrorism funding narrative, users from countries where the majority is financially excluded see these as a breakthrough innovation. Crypto Utility Inspires Volatility Solutions For instance, to undocumented migrants, cryptocurrencies offer a faster and cheaper way of sending money to their loved ones. For
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The ongoing case between fintech firm Ripple and the U.S. Securities and Exchange Commission (SEC) took another turn this week when the company was granted access to Binance’s documents. U.S. Magistrate Judge Sarah Netburn granted Ripple CEO Brad Garlinghouse’s motion to “Obtain international discovery” of Binance records. According to the docket, the approval was made
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The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined how the SEC plans to regulate the crypto industry. Focusing on investor protection, Gensler discussed concerns the SEC has about crypto trading, exchanges, lending, defi platforms, and exchange-traded funds (ETFs). Gary Gensler Outlines SEC’s Crypto Priorities SEC Chairman Gary Gensler outlined
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This “Crypto City” guide looks at Melbourne’s crypto culture, the city’s most notable projects and people, its financial infrastructure, which retailers accept crypto and where you can find blockchain education courses — and there’s even a short history with all the juicy details of famous controversies and collapses. Fast facts City: MelbourneCountry: AustraliaPopulation: 5.15MEstablished: 1835Language:
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Bitcoin (BTC) hit 24-hour highs later on Wednesday as fresh comments from the United States regulatory sphere boosted flagging price action. Gensler bullish on Bitcoin’s “potential” Data from Cointelegraph Markets Pro and TradingView confirmed local highs above $39,000 on Bitstamp, with BTC/USD jumping more than 2% in an hour. The move, which ended a descending channel
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Blockchains provide a trust-free anonymous intermediary for objective transactional actions, putting wealth transfer back in the hands of the individual and out of the hands of centralized control.  This, unsurprisingly, has stepped on the toes of a number of governments. To make matters worse, supporting this technology can be misconstrued as taking a stance against
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Following the hype surrounding dogecoin, shiba inu, and then baby doge, another token called daddy doge (DADDYDOGE) has been gathering steam. The coin saw some interest after Elon Musk said the words “daddy doge” in a video of Tesla’s CEO being escorted to a car. Furthermore, the developers of the Daddy Doge project claim the
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