Financial Insights That Matter On Dec 11, the U.S. Senate Banking Committee will decide whether to renominate Caroline Crenshaw, a Democrat Securities and Exchange Commission (SEC) commissioner. Crenshaw has always been a staunch critic of cryptocurrencies and the crypto community is not happy with the prospect of her re-election. Crenshaw is âanti-crypto,â says Coinbase COO […]
Financial Insights That Matter The following is a guest article from Jesse Knutson, Head of Operations at Bitfinex Securities. Donald Trumpâs re-election victory and the massive success of the Bitcoin ETFs earlier in the year have been major catalysts behind Bitcoinâs ascent towards $100,000. Gains over the last few weeks have been driven by the […]
Financial Insights That Matter Coinbase chief legal officer Paul Grewal has disclosed letters from the Federal Deposit Insurance Corporation (FDIC) to banks throughout 2022, urging them to halt or avoid crypto-related activities. The letters, which date back to March 11, 2022, have been dubbed âpause lettersâ due to their repeated recommendations to suspend or refrain […]
Cash News South Koreaâs Democratic Party agreed to delay the implementation of crypto taxation laws, signaling a temporary truce in the heated debate over digital asset regulation in the country, the Korean Herald reported on Dec. 2. Democratic Party floor leader Rep. Park Chan-dae announced the agreement to postpone the taxation of crypto profits by […]
Cash News Venture capital (VC) funds invested $860 million in crypto startups last month, a 30% leap from the amount registered in September and the highest since Aprilâs $954 million earlier in the year, according to DefiLlama data. Investments in the blockchain gaming sector surpassed $110 million, growing for the third consecutive month by showing […]
Cash News Digital asset investment products saw inflows of $2.2 billion last week, bringing total inflows this year to a record-breaking $29.2 billion, according to CoinSharesâ latest report. The strong performance, coupled with recent Bitcoin price increases around $70,000, lifted the sectorâs total assets under management (AuM) above $100 billion for only the second time. […]
Cash News Coinbase chief legal officer Paul Grewal said that the crypto exchange has discovered over 20 instances where the Federal Deposit Insurance Corporation (FDIC) asked banks to âpauseâ or ârefrain from providingâ or ânot proceedâ with crypto-related banking services. In an X post, Grewal wrote: âIn short, the contents are a shameful example of […]
Cash News Russia is set to restrict crypto mining in several of its regions due to ongoing energy shortages, announced Deputy Minister of Energy Yevgeny Grabchak. On Oct. 30, the state news agency TASS confirmed the impending ban, which will affect areas where electricity deficits make it challenging to support crypto miningâs high power demands. […]
Cash News In an open letter to Vice President Kamala Harris and former President Donald Trump, Paxos CEO and co-founder Charles Cascarilla warned that Americaâs financial leadership hinges on whether the next presidential administration embraces digital assets and reforms outdated financial regulations. Cascarilla urged both political figures to recognize the potential for blockchain and stablecoins […]
Cash News Coinbase CEO Brian Armstrong has called on the next Chair of the US Securities and Exchange Commission (SEC) to dismiss the agencyâs âfrivolousâ cases against crypto firms and publicly apologize to the American people. In an Oct. 29 post on X, Armstrong highlighted inconsistencies in the SECâs approach to the crypto sector, which […]