Brad Garlinghouse, CEO of Ripple Labs, recently expressed regret for not engaging with U.S. regulators earlier in the development of cryptocurrency trading. In a conversation with CNBC at DC Fintech Week on October 24, Garlinghouse noted that he has "made far more trips to DC in the past few years" ...
Australian crypto hedge fund JellyC has merged with Singapore-based Trovio Asset Management in a bid to secure larger investments from institutional players, including pension funds. According to a Bloomberg report on October 23, JellyC will retain a majority stake in the newly combined entity, as confirmed by the companies' executives. ...
India is reportedly weighing a potential ban on private cryptocurrencies such as Bitcoin and Ether, while pushing for the widespread use of the digital rupee, the country's Central Bank Digital Currency (CBDC). According to a report by local news outlet, the Hindustan Times, government officials have been consulting with key ...
Minneapolis Federal Reserve President Neel Kashkari sparked backlash after dismissing cryptocurrencies as primarily being used for illicit activities, such as drug deals. Speaking at a town hall in Wisconsin, Kashkari claimed that "very few transactions are actually happening" in the crypto space, and when they do, they are mostly related ...
The Australian Securities and Investments Commission (ASIC) has charged Grant Colthup, the former CEO of Mine Digital, with fraud after a customer allegedly failed to receive Bitcoin valued at 2.2 million Australian dollars (around $1.47 million) in July 2022. Mine Digital, which operated a cryptocurrency exchange from May 2019 until ...
According to Anthony Agoshkov, Co-Founder of Marvel Capital and Founder of Alchemy Family, the convergence of traditional finance (TradFi) and digital assets is reshaping markets at an unprecedented pace. In a recent interview with Finance Magnates, Agoshkov expressed optimism about the transformative role of cryptocurrency, asserting that despite being in ...
The UK's Financial Conduct Authority (FCA) has justified its stringent stance on registering cryptocurrency firms, emphasising that high standards are crucial for fostering a sustainable and reliable digital asset industry. In a statement issued today, Monday, October 21, Val Smith, Head of Payments and Digital Assets in the FCA's authorizations ...
Yuichiro Tamaki, leader of Japan's opposition Democratic Party for the People (DPP), has made a strong push for crypto tax reform in the lead-up to the country's October 27 election. In an X post on October 20, Tamaki urged voters to support his party’s platform, which calls for clearer regulations ...
The political action committee backing Donald Trump's presidential campaign, known as Trump 47 PAC, has raised $7.5 million in cryptocurrency since June 2024. According to Business Insider, contributors donated using various digital currencies, including Bitcoin, Ethereum, XRP, and stablecoins such as USDC and Tether. The Trump 47 Committee PAC, in ...
Italy's government is proposing a significant increase in the capital gains tax on Bitcoin investments as part of its 2025 budget plan. During a recent press conference, Deputy Economy Minister Maurizio Leo announced that the tax rate on Bitcoin capital gains would rise from 26% to 42%. Minister Leo explained ...
