Armstrong said that because centralized exchanges and custodians have the most risk of causing consumer harm, regulators must focus there first and foremost.
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BlockFi files motion to return frozen crypto to wallet users
Crypto lender BlockFi has asked a U.S. Bankruptcy Court for the authority to return the crypto held in BlockFi Wallets to users.
BlockFi files motion to return frozen crypto to wallet users
Crypto lender BlockFi has asked a U.S. Bankruptcy Court for the authority to return the crypto held in BlockFi Wallets to users.
Visa dreams up plans so you can auto-pay bills with your crypto wallet
Auto-payments for bills are commonplace in the traditional banking world and Visa has proposed a way to mimic the service using blockchain tech.
Vitalik Buterin reveals 3 ‘huge’ opportunities for crypto in 2023
There's still plenty of room for innovation, according to Ethereum's co-founder Vitalik Buterin.
Vitalik Buterin reveals 3 ‘huge’ opportunities for crypto in 2023
There's still plenty of room for innovation, according to Ethereum's co-founder Vitalik Buterin.
'Huge signal and validation' — Top Activision exec to take Yuga Labs' helm
Kieran Warwick, co-founder of blockchain role-playing game Illuvium believes Yuga Labs latest hire will be a boon for GameFi.
$1.7M of Bitcoin tied to QuadrigaCX reawakens after years of dormancy
The wallets were thought to be inaccessible following the death of the exchange's founder in 2018, as he had sole responsibility for the wallet's private keys.
Sam Bankman-Fried agrees to US extradition 'to put the customers right': Report
The former FTX CEO attended an emergency hearing of the Bahamas Magistrate Court just hours earlier, returning to prison following the event.
Bank of Canada emphasizes need for stablecoin regulation as legislation is tabled
A note by central bank researchers says regulation is the key to reaping the benefits of fiat-referenced crypto assets after the Canadian parliament fails to consider legislation.
$16K retest the most likely path for Bitcoin, according to 2 derivative metrics
Top traders' long-to-short ratio and stronger demand for stablecoins in Asia indicate higher odds of further price correction.
$16K retest the most likely path for Bitcoin, according to 2 derivative metrics
Bitcoin (BTC) broke below $16,800 on Dec. 16, reaching its lowest level in more than two weeks. More importantly, the movement was a complete turnaround from the momentary excitement that had led to i$18,370 peak on Dec. 14.
Curiously, Bitcoin dropped 3.8% in seven days, compared to the S&P 500 Index's 3.5% decline in the same period. So from one side, Bitcoin bulls have some comfort in knowing that correlation played a key role; at the same time, however, it got $206 million of BTC futures contracts liquidated on Dec. 15.
Some troublesome economic data from the auto loan industry has made investors uncomfortable as the rate of defaults from the lowest-income consumers now exceeds 2019 levels. Concerns emerged after the average monthly payment for a new car reached $718, a 26% increase in three years.
Furthermore, the central banks of the United States, England, the European Union and Switzerland increased interest rates by 50 basis points to multiyear peaks — highlighting that borrowing costs would likely continue rising for longer than the market had hoped.
Uncertainty in cryptocurrency markets reemerged after two of the most prominent auditors suddenly dropped their services, leaving exchanges hanging. French auditing firm Mazars Group, which previously worked with exchanges including Binance, KuCoin and Crypto.com, has deleted a section devoted to crypto audits from its website.
Successful decentralization doesn't need blockchains: Nillion CEO
According to the CEO of Nillion, “decentralization is a spectrum with multiple axes.”
Crypto’s regulatory fate will be decided in the year ahead
Congress is set to take up a slew of legislative proposals in 2023 that will determine which regulators have chief domain over cryptocurrency.
Next House committee chair reintroduces bill on crypto innovation
Under the proposed bill, companies could apply for an “enforceable compliance agreement” with offices at federal financial agencies that would allow for a regulatory path forward.
Sam Bankman-Fried arrested and consented to the extradition — Law Decoded, Dec. 12-19.
The entrepreneur reportedly reconsidered his earlier decision to contest extradition and now would be able to appear in a United States court.
Sam Bankman-Fried wants to see indictment before extradition to US: Report
Authorities in the Bahamas have had the former FTX CEO in custody since Dec. 12, shortly before he was denied bail.
BTC price faces 20% drop in weeks if Bitcoin avoids key level — analyst
Bitcoin does not look good when it comes to sustained BTC price upside, traders warn, as GBTC reaches a fresh record discount.
BTC price faces 20% drop in weeks if Bitcoin avoids key level — Analyst
Bitcoin (BTC) stayed rigid below $17,000 at the Dec. 19 Wall Street open as skeptical traders feared more downside.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC traders call time on upside potential
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering around the $16,700 mark, practically unmoved over the weekend.
The pair saw only fractional volatility at the open, as United States equities fell slightly. At the time of writing, the S&P 500 and Nasdaq Composite Index were down 0.5% and 1%, respectively.
For Bitcoin traders, there was little to celebrate, with consensus forming around the potential for testing lower levels next.
“Bearish as long as it stays below the $19k,” Crypto Poseidon summarized alongside a chart.
Grayscale CEO highlights 20% GBTC share buyback option if ETF conversion fails
The proposed offer would require both SEC relief and shareholders' approval.