Former Solicitor General Donald B. Verrilli, in his role as the senior legal strategist for Grayscale Investments, has made serious accusations against US regulators. He claims that regulators are intentionally stifling the growth of the crypto industry through debanking practices. Verrilli’s concerns were highlighted in a joint amicus brief filed with Paul Clement, another former
2024
The European Banking Authority (EBA) recently announced updates to its Travel Rule guidelines, now including crypto service providers and intermediaries. This change, set to take effect on December 30, 2024, will require crypto exchanges in the European Union to adhere to the Travel Rule guidelines (EU-2023/1113). The new rule mandates that exchanges report information on
The recent plummet in Bitcoin’s price can be largely attributed to the impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox. This distribution, representing a substantial portion of the total Bitcoin supply, has stirred up market anxiety among investors. The large transfers of 52,633 BTC in recent hours suggest that preparations are
A recent analysis by a crypto analyst has shed light on potential significant price movements for XRP, the native token of the XRP Ledger. The analyst, Tylie Eric, expressed bullish optimism about XRP in a social media post, highlighting the cryptocurrency’s potential for a major rally in the near future. One of the key indicators
Cryptocurrency expert Tom Lee has reiterated his belief in Bitcoin’s potential to reach $150,000. Despite recent bearish trends, Lee remains optimistic about the future of the pioneer cryptocurrency. In a recent interview with CNBC Television, he emphasized his forecast for Bitcoin to hit all-time highs by the end of 2024. One of the key factors
Mike Novogratz, CEO of Galaxy Digital, recently shared his optimistic outlook on the regulatory environment for cryptocurrencies in the United States. Despite some opposition from lawmakers like Senator Elizabeth Warren, Novogratz believes that there is a noticeable shift towards bipartisan support for innovation in the crypto industry. He emphasized the importance of both political parties
The recent report from the Polkadot Treasury for the first half of 2024 has highlighted concerns over an impending funding crisis. The report reveals that the Treasury’s assets, spread across multiple chains, have become increasingly challenging to manage effectively. DeFi Ignas, a decentralized finance researcher, analyzed the report and pointed out the Treasury’s limited runway
Bitcoin has been a staple in the world of cryptocurrencies, known for its accessibility 24/7. However, recent data indicates a shift in the trading landscape. According to a report by Kaiko, BTC weekend trading volumes have plummeted to historic lows, dropping from 28% in 2019 to just 16% in 2024. This decline coincides with the
Recently, Kraken founder Jesse Powell made headlines by donating $1 million, primarily in Ethereum, to support former President Donald Trump’s re-election bid. Powell justified his donation by stating that it was essential for the US to maintain its leadership in blockchain technology. He expressed his excitement in rallying behind the only pro-crypto major party candidate
Keisha Lance Bottoms, who is set to become Joe Biden’s senior campaign adviser, recently spoke out about the bipartisan nature of the crypto industry. She stressed that crypto is not a political issue but rather a unifying force that has garnered support from both sides of the aisle. According to Bottoms, crypto has captured the