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cryptos

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09 Apr 23

Ripple lawyer expects ruling within a month, says it will impact crypto’s future

A lawyer representing thousands of crypto enthusiasts in the case brought against Ripple by the Securities and Exchange Commission (SEC) suggested a verdict could be delivered by May 6, 2023. In an April 5 interview with Thinking Crypto, John Deaton, a cryptocurrency lawyer and XRP supporter, said that Judge Analisa Torres, who is presiding over […]

SatoshiChain Brings Bitcoin to DeFi01

31 Mar 23

Cryptos storm higher in Q1, 2023 despite major headwinds

Cryptocurrency had a great Q1 2023, even with major regulatory enforcement actions in large markets like the U.S. and E.U. Bitcoin rose over 70% from the beginning of the year, and other tokens also saw gains. Bitcoin opened up 2023 at the $16,500 level, and as of March 31, BTC is holding the $28,500 level. […]

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22 Mar 23

White House report says majority of cryptos have ‘no fundamental value’

In a recent report, the White House made a concern against cryptos by claiming that some elements of the ecosystem for digital assets are problematic for consumers, the economy, and the environment. Worries at the White House By highlighting the drawbacks of digital assets across a lengthy, 513-page annual report, the White House threw cold […]

20 Mar 23

Almost $20b in cryptos hit exchanges last week

According to data provided by Glassnode, roughly $19.5 billion of BTC, ETH and USDT was brought to the exchanges, last week. Bitcoin leads the inflow with $9.6 billion while the largest stablecoin was not far away, reaching the $9.5 billion mark. As the crypto markets started to recover from the collapse of U.S. banks over […]

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10 Mar 23

South Dakota governor vetoes bill excluding cryptos from definition of money

South Dakota governor Kristi Noem has formally rejected legislation that would have excluded bitcoin (BTC) and other cryptocurrencies from the definition of money. Bill excluded crypto but classified CBDCs as money The legislation, known as House Bill 1193, was intended to amend provisions of South Dakota’s Uniform Commercial Code to exclude digital assets from being […]

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02 Mar 23

South Dakota proposes bill to define cryptos legally

The state of South Dakota has introduced a new bill to redefine the concept of money, particularly concerning cryptocurrencies. South Dakota’s proposed bill could affect cryptocurrency regulation The new bill titled “An Act to amend provisions of the Uniform Commercial Code” has been introduced. It proposes that digital currencies like bitcoin (BTC) should not be […]

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27 Feb 23

Lawyers criticize Gensler’s assertion that all cryptos are securities

In recent times, digital currency lawyers have strongly criticized Gary Gensler, the United States Securities and Exchange Commission (SEC) head, for his recent comments that all cryptocurrencies, except bitcoin (BTC), are securities under the agency’s jurisdiction. In an interview with New York Magazine on Feb. 23, Gensler stated that “everything other than bitcoin” falls under […]

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08 Feb 23

FED may prohibit state banks from holding cryptos as principal

The Federal Reserve System stated that it intends to presumptively prohibit state banks from holding crypto-assets as principals without permission from the Fed and OCC. In an updated guide issued on the Federal Register, the Board of Governors of the Federal Reserve System said that they had received inquiries about the permissibility of “certain crypto-asset-related activities” […]

04 Jan 23

Indians moved cryptos to foreign exchanges in 2022

Research shows that India’s new tax policy has driven the country’s cryptocurrency users away from national exchanges over the last year. According to a new report from the Esya Centre, Indian citizens have moved over $3.8 billion in trading volume from local to international cryptocurrency exchanges since the country announced new tax rules for blockchain-based […]

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