The U.S. government, already one of the largest Bitcoin holders globally with over 200,000 coins, may soon significantly increase its holdings. A new bill introduced by Senator Cynthia Lummis (R-Wyo.) proposes creating a strategic Bitcoin reserve to reinforce the dollar's status as the world's reserve currency. US Govt Bitcoin Holdings. ...
China’s highest court and public prosecution agency have, for the first time, acknowledged crypto transactions in their updated interpretation of the country’s anti-money laundering laws. At a joint press conference on August 19, representatives from the Supreme People’s Court and the Supreme People’s Procuratorate reportedly unveiled updated interpretations of China’s ...
The former CEO of the now-defunct Kansas-based Heartland Tri-State Bank, Shan Hanes, has been sentenced to 24 years in prison for his role in a large-scale cryptocurrency fraud scheme. Hanes, who hails from Elkhart, Kansas, pleaded guilty to one count of embezzlement, admitting to misappropriating tens of millions of dollars ...
Fairshake, a crypto-aligned super political action committee (PAC), has reportedly lost the support of billionaire Democratic donor Ron Conway. This comes after the PAC committed to spending millions to oust Democratic Ohio Senator Sherrod Brown. According to a POLITICO report from August 19, venture capitalist Ron Conway revealed in an ...
Crypto exchange BTCC has announced that it will host its first offline crypto event in Tokyo, Japan, set for Friday, August 23, 2024. According to a press release published on Monday, August 19, 2024, the firm noted that this event will allow invited participants to connect with others and discuss ...
Nigeria's Federal Inland Revenue Service (FIRS) is set to propose a bill to regulate the cryptocurrency sector. At a recent stakeholder engagement with the National Assembly’s Finance Committees, FIRS Executive Chairman Zacch Adedeji reportedly announced plans to propose a bill by the end of 2024. According to local news media, ...
OKX has introduced major cryptocurrency trading pairs against the Australian dollar (AUD). The exchange's local users will now be able to trade cryptocurrencies such as Bitcoin (BTC), Ether (ETH), and stablecoins like Tether (USDT) and USD Coin (USDC) against the AUD. The exchange announced today, Monday, August 19, that the ...
The Bank of Ghana (BoG) has taken a significant step towards regulating the country's growing digital asset market. On August 16, the central bank released a draft of guidelines to oversee the cryptocurrency space, including Bitcoin and stablecoins like Tether (USDT), following an extensive internal review. Citing data from the ...
U.S. Senate Majority Leader Chuck Schumer has stated he is working towards passing comprehensive cryptocurrency legislation by the end of 2024. The Senator revealed this during a virtual town hall hosted by Crypto4Harris, a group advocating pro-crypto policies for Democratic presidential candidate Kamala Harris. The event was attended by notable ...
The European Fund and Asset Management Association (EFAMA) has stated that a significant expansion of asset classes, including cryptocurrencies, is unlikely following the recent review of UCITS-eligible assets, according to a new report from ETF Stream. UCITS (short for Undertakings for Collective Investment in Transferable Securities) is a European regulatory ...
