In a surprising move, the Republican Party has officially included Bitcoin and other cryptocurrencies in their platform for the upcoming 2024 election, with the final vote scheduled for July 9. This decision reflects a shift within the party towards embracing digital assets and blockchain technology, aligning with former President Trump’s recent statements. The Republican National
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Taiwan Mobile, the second-largest telecom operator in Taiwan, has recently made a significant move by applying for a license to operate as a Virtual Asset Service Provider (VASP). This decision has placed them as the 26th VASP in Taiwan, highlighting their compliance with Money Laundering Prevention Laws. With Lin Zhichen, the company’s General Manager, named
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
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
Bitcoin, the leading cryptocurrency, has recently completed its ninth test of the $60,000 support level, sparking discussions about the potential trajectory of the digital asset. This milestone has raised questions about the sustainability of Bitcoin’s price and the direction it may take in the near future. According to a crypto analyst known as ‘Dana Crypto
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
Circle’s recent announcement of receiving an e-money license from France marks a significant milestone in the world of digital currencies. This achievement positions Circle as the first global stablecoin issuer to adhere to the EU’s Markets in Crypto-Assets (MiCA) regulations, signifying a step towards regulatory compliance in the cryptocurrency market. With the endorsement from France’s
Economist Timothy Peterson recently commented on the US Supreme Court’s decision to overturn the Chevron doctrine and its potential impact on the SEC’s regulation of cryptocurrencies. The Chevron doctrine, established in a 1984 case, determined when federal courts should defer to agency interpretations of laws. According to Peterson, this decision could significantly change the SEC’s
One of the major reasons behind the recent decline in Bitcoin’s price is the sell-offs orchestrated by large governments. The German government, for example, sold around 2,786 BTC, worth approximately $140 million. Similarly, the US government moved almost 4,000 BTC from its wallets to the Coinbase exchange, totaling $241.22 million. These large sell-offs by governments
Nigeria’s Securities and Exchange Commission (SEC) has recently issued a 30-day ultimatum for crypto exchanges and digital asset traders to re-register their businesses. This ultimatum is part of the Accelerated Regulatory Incubation Program (ARIP) for Virtual Assets Service Providers (VASPs) initiated by the SEC. Despite facing challenges such as a two-year ban on banks facilitating