R.I.P. Unhosted Wallet Rule

In 2020, the Financial Crimes Enforcement Network proposed imposing know-your-customer requirements on unhosted wallets, drawing immense backlash from the crypto industry. This week, the Treasury Department formally withdrew the proposal. дальше »

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Mango Markets DAO proposes $223K settlement with SEC over securities violations

The proposed settlement highlights the growing regulatory challenges for DeFi protocols, potentially setting a precedent for future compliance. The post Mango Markets DAO proposes $223K settlement with SEC over securities violations appeared first on Crypto Briefing. дальше »

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BitGo adjusts WBTC custody operations after outcry - What changed?

BitGo has revised its WBTC custody operations model after risk concerns Meow, Jupiter Exchange's founder, is ‘satisfied’ with these changes BitGo has proposed a new model for its plannedThe post BitGo adjusts WBTC custody operations after outcry - What changed? appeared first on AMBCrypto. дальше »

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Coinbase finds flawed analysis in SEC's proposed exchange definition

In its third letter to the SEC, the crypto exchange said it would withdraw the proposal, which was first released in 2022, and start over again. дальше »

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Dragonfly, Crypto.com Weigh in on CFTC's Proposed Prediction Market Rules

Both parties argue the CFTC's move to regulate prediction markets is an overreach, with Dragonfly arguing that the recent 'Chevron' court ruling limits its power. дальше »

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Kyrgyzstan set to launch its own digital currency by 2027

Kyrgyzstan’s central bank has proposed amendments to the law to legalize its digital currency as a legal tender. The National Bank of Kyrgyzstan has initiated public discussions on constitutional law amendments aimed at integrating its own digital currency — known… дальше »

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Coinbase Takes Aim at CFTC's Definition of 'Gaming' in Proposed Prediction Market Rules

Coinbase argues the definition is vague, and urges the CFTC to make determinations on a contract-by-contract basis rather than broad categorization дальше »

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Proposed bill strengthens US Secret Service’s role in combating crypto crimes

Senators propose a bill to strengthen the Secret Service's role in investigating crypto-related crimes and financial threats. дальше »

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WazirX abandons plan to socialize losses following crypto community uproar

Crypto exchange WazirX has received tremendous criticism for its proposed “55/45” plan to socialize losses made from a recent attack on the platform.  On July 27, WazirX started a poll to gauge public sentiment for a plan to get the… дальше »

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The BITCOIN Act of 2024

A brief overview of the recently proposed bill by Senator Cynthia Lummis to accumulate Bitcoin in a strategic US Reserve. дальше »

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Ex-senior White House exec: Bitcoin reserve bill could be a ‘disaster in the making’

As Senator Lummis pushes for Bitcoin to stabilize the U.S. dollar, Moe Vela warns of the risks. Read on. During the Bitcoin 2024 conference in Nashville on July 27, US Senator Cynthia Lummis proposed that the U.S. government consider Bitcoin (BTC)… дальше »

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The U.S. Government May Begin Hoarding Bitcoin, But How and Why?

Proposed legislation regarding a strategic reserve of bitcoin for the U.S. government poses far more questions than answers at the moment. дальше »

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COMP Token Rises as Whale Backs Down on Supposed 'Governance Attack' on Compound

A new staking product will be offered instead of what Humpy and the 'Golden Boys' initially proposed. дальше »

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Hong Kong to create Bitcoin reserves? Legislative Council's Johnny Ng says...

Legislative Council member Johnny Ng proposed the integration of Bitcoin into Hong Kong's financial reserves. Meanwhile, Trump pledged a strategic U.S. Bitcoin reserve, boosting national economThe post Hong Kong to create Bitcoin reserves? Legislative Council's Johnny Ng says... appeared first on AMBCrypto. дальше »

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El Salvador proposes crypto for trade with Russia, embassy official says

El Salvador has proposed using crypto for trade with Russia to navigate financial constraints imposed by sanctions, according to a Russian embassy official. El Salvador has proposed using Bitcoin (BTC) for trade with Russia, as the latter has limited options… дальше »

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US Senator Lummis unveils Bitcoin reserve legislation following Trump’s keynote

At Bitcoin 2024, Senator Cynthia Lummis proposed a more detailed plan for a strategic Bitcoin reserve to bolster the U.S. dollar and cement America’s global financial leadership. After days of anticipation, United States Senator Cynthia Lummis finally announced her proposed… дальше »

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Pixelverse sends tokens to NFT holders, ApeCoin holders mull hotel proposal: Nifty Newsletter

An ApeCoin DAO member proposed the renovation of an existing hotel in Bangkok, Thailand, with Bored Ape Yacht Club NFT collection as its theme. дальше »

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Why the U.S. doesn’t need a tax on mining: Senator Lummis explains

Senator Cynthia Lummis released a report opposing the proposed 30% energy excise tax on miners. The politician published a report entitled “Powering Down Progress: Why A Bitcoin Mining Tax Hurts America,” which examines the Administration of U.S. President Joe Biden’s… дальше »

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Ethena rises 11% following $34m proposal from BlackRock’s BUIDL distributor

Ethena gained bullish momentum after Securitize, the distributor of BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), proposed a significant investment. Late on July 23, Ethena Labs, the company behind the USDe stablecoin, posted on X that Securitize requested a $34… дальше »

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BinaryX proposes 74% burn: Assessing possible impact on BNX

BinaryX intended to strengthen its tokenomics with a proposed plan to slash its maximum supply by 74%. If passed, the move may have a positive impact on investor attraction and price. BinaryThe post BinaryX proposes 74% burn: Assessing possible impact on BNX appeared first on AMBCrypto. дальше »

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Russia proposes allowing traditional exchanges to handle crypto trading

Russia’s Ministry of Finance has proposed allowing traditional exchanges to handle digital asset trading for select investors, Interfax reported on July 10. A government draft response to two pieces of regulation outlines the possibility of creating special regulations for “conducting organized trading in digital currency, recognized as a commodity, on the basis of an exchange […] The post Russia proposes allowing traditional exchanges to handle crypto trading appeared first on CryptoSlate. дальше »

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South Korea moves to delay crypto tax until 2028 amid market concerns

South Korean lawmakers have proposed a bill to delay the implementation of crypto gain tax until 2028. The ruling political party proposed the bill on July 12, citing the current negative sentiments around the crypto industry as the reason for the extension. дальше »

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BlockDAG’s X1 Miner App Now Available on Apple Store: Daily Mining of 20 Coins Amid Ethereum Upgrade and Rising Solana Prices!

BlockDAG’s fresh innovation, the X1 Miner App, is now up for grabs on the Apple Store, allowing users to daily mine up to 20 BDAG coins. Meanwhile, a notable Ethereum upgrade, EIP-7732, is being proposed to boost blockchain efficacy. дальше »

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Vitalik Explores Ethereum’s Strengths and Weaknesses at ETHCC

Ethereum’s co-founder explained some of Ethereum’s issues at the EthCC. He also proposed solutions to these problems, like simplifying protocol and making solo staking easier. At the Ethereum Community Conference, the co-founder of the cryptocurrency, Vitalik Buterin, gave a keynote speech regarding its strengths and weaknesses. дальше »

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Uniswap cites Supreme Court ruling to push back against SEC’s DeFi oversight

Top decentralized exchange (DEX) Uniswap has urged the US Securities and Exchange Commission (SEC) to drop its proposed attempt to expand the definition of an “exchange” to include DeFi markets, according to a July 9 letter. дальше »

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Uniswap cites Chevron in another urge for SEC to drop bid to rule over DeFi

Uniswap Labs argues the SEC’s proposed legal amendments to give it power over DeFi are being made against “a legal backdrop that no longer exists.” дальше »

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Invesco Ether ETF sets fees at 0.25% as competition among issuers heats up

The proliferation of proposed spot Ethereum ETFs could benefit spot investors as fund sponsors compete on management fees.

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Bittensor proposes burning 10% supply to stabilize TAO following $8 million exploit

OpenTensor Foundation (OTF) has proposed burning 10% of the Bitttensor (TAO) supply to stabilize the token’s price in response to a recent exploit that led to the loss of $8 million worth of the tokens. дальше »

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Judge signs off on expedited schedule for Consensys suit against SEC

While Judge Reed O’Connor granted the SEC an extension to respond to Consensys’ lawsuit, he also approved a timeline for considering the case’s merits proposed by the firm. дальше »

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Aptos seeks Aave community support for non-EVM integration

The Aptos Foundation has proposed the first deployment of Aave Protocol v3 on a non-EVM blockchain.

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Vitalik Buterin proposes faster Ethereum trades with single-slot finality

Ethereum co-founder Vitalik Buterin proposed moving away from Ethereum’s epoch-and-slot mechanism to a single-slot finality system, pointing out key potential challenges. дальше »

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Paradigm urges ESMA to reconsider stance toward MEV

Paradigm has raised alarms over the European Securities and Markets Authority’s (ESMA) proposed regulations under the Markets in Crypto Assets Regulation (MiCA), focusing on the misinterpretation of Maximum Extractable Value (MEV) and the potential overreach of regulatory measures. дальше »

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FTX customers to vote on bankruptcy repayment plan

A U.S. judge approved FTX’s plan to poll creditors on its Chapter 11 repayment. FTX users will soon have the opportunity to vote on the proposed multibillion-dollar plan to pay back individuals whose funds were trapped on FTX since its… дальше »

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Ongoing protests and police violence rock Kenya and the Kenyan shilling (KES)

Violence broke out again today in the Kenyan capital of Nairobi, as well as several other towns and villages, as the latest in an ongoing protest against both a proposed financial bill and the nation’s president. дальше »

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Customers protest exchange bankruptcy plan: ‘We never gave FTX our coins!’

A committee representing the interests of FTX customers is pushing back against a proposed bankruptcy plan, claiming that it violates their property rights. дальше »

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Italy considers $5.4m in penalties for crypto insider trading: report

Italy is reportedly considering increasing fines for crypto crimes as part of measures to reduce market manipulations. Italy‘s government is mulling tougher penalties for those who manipulate the crypto market, Reuters has learned, citing a draft decree. The proposed legislation,… дальше »

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Hashdex Files For One-Of-A-Kind Joint Spot Bitcoin and Ethereum ETF In The US

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Polkadot co-founder proposes new Plaza system to unify parachains and enhance scalability

Polkadot co-founder Rob Habermeier has proposed Plaza, a new system chain designed to unify parachain functionalities and enhance network scalability. According to Habermeier, the current distribution of functionalities across multiple chains creates challenges for users and developers, leading to fragmentation and scalability limitations. дальше »

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Hybrid Bitcoin and Ethereum ETF Proposed by Hashdex

Hashdex wants to launch an ETF that provides combined exposure to Bitcoin and Ethereum дальше »

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XRP Massive $5 Price Breakout Nears As SEC Slashes Ripple’s Proposed Penalty From $2 Billion To $103 Million

The SEC had demanded that Ripple pay roughly $2 billion in disgorgement, prejudgement interest, and civil penalties while the San Francisco-based fintech firm has argued for no more than a $10 million fine. дальше »

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LEAKED: Biden Admin to Attend Bitcoin Roundtable With Key Congressional Officials in DC

The proposed meeting, led by U.S. Congressman Ro Khanna, is set to discuss how to keep Bitcoin and blockchain innovation inside the U.S. дальше »

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SEC Denies Ripple’s Terraform Labs Comparison in Court

The SEC has countered Ripple's attempt to use the Terraform Labs settlement to argue against a proposed $2 billion fine, stating that the comparison is invalid. The post SEC Denies Ripple’s Terraform Labs Comparison in Court appeared first on BeInCrypto. дальше »

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Ripple calls SEC penalty disproportionate compared to Terraform Labs

Crypto firm Ripple has referenced the recent settlement between the US Securities and Exchange Commission (SEC) and Terraform Labs to challenge the financial regulator’s proposed $2 billion penalty. дальше »

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Taiwan establishes association to help crypto firms self regulate

The association was formed after the country’s Justice Ministry proposed AML amendments for crypto firms that could result in penalties, including up to two years in prison. дальше »

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Why Solana nodes are '10x higher than Ethereum' - founder Anatoly Yakovenko

Solana's founder proposed a mechanism to lower entry barriers to node operations.  The executive mulled ways of dealing with voting fees to address the issue.  Solana [SOL] and Ethereum [EThe post Why Solana nodes are '10x higher than Ethereum' - founder Anatoly Yakovenko appeared first on AMBCrypto. дальше »

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SEC accepts ProShares spot Ethereum ETF entry, approves Ark exit from 21 Shares ETF

The US Securities and Exchange Commission  (SEC) acknowledged a proposed rule change for ProShares Ethereum ETF and approved Ark Invest’s exit from 21 Shares’ application on June 10. The agency’s notice on ProShares recognizes but does not approve the proposed rule change. дальше »

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Charles Hoskinson Criticizes Media’s Unfair Coverage of Cardano

Charles Hoskinson, founder of Cardano, proposed creating a not-for-profit media DAO to ensure fair crypto news reporting. The post Charles Hoskinson Criticizes Media’s Unfair Coverage of Cardano appeared first on BeInCrypto. дальше »

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BitReXe: Enabling Parallel VMs on Bitcoin Network

BitReXe is a proposed Layer 2 architecture to build out multiple EVM's on top of Bitcoin that can run in parallel, accomplishing more scalable smart contract execution on a second layer. дальше »

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SEC commissioner Hester Peirce proposes shared US-UK digital securities sandbox

SEC commissioner Hester Peirce proposed a shared digital securities sandbox between the US and the UK on May 29. The proposal would extend the Bank of England and FCA’s joint digital securities sandbox (DSS) — which is set to accept UK applications this summer — to US firms. дальше »

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Hester Peirce proposes for cross-border digital securities sandbox

SEC Commissioner Hester Peirce proposed a cross-border digital securities sandbox in response to a joint consultation by the Bank of England and the Financial Conduct Authority (FCA). The proposal aims to foster innovation and enhance regulatory oversight by allowing firms… дальше »

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