Browsing: Crypto

Rep. Kang Jun-hyun of the Democratic Party said limits on major shareholders’ stakes in virtual asset exchanges should be discussed separately from the Digital Asset Basic Act at a later stage. On virtual asset taxation, he said the principle should be maintained, but only with sufficient social consensus.

“Not your keys — not your coins”. This phrase is one of the main arguments used by supporters of so-called self-custody solutions, who view centralized exchanges with skepticism. The key reasons include the possibility of sudden asset freezes, the potential loss of funds if a company goes bankrupt, a lack of transparency around reserves, and…

CoinEx, a Hong Kong-based cryptocurrency exchange, announced on Tuesday its decision to halt operations due to persistent market downturns and escalating regulatory challenges that have pressured the sector.

Wall Street financial firms are poised to keep expanding their digital-asset businesses regardless of whether the U.S. Senate advances the CLARITY Act.

The Securities and Exchange Commission (SEC) has stopped two unauthorized investment schemes from taking in public funds, including one operating an online crypto-asset trading platform, as the regulator moves to protect investors from unregistered securities offerings.

(Bloomberg) — Donald Trump welcomed crypto executives to the White House last month with a roll call of flattery: Coinbase Global Inc. Chief Executive Officer Brian Armstrong was “one of the greats,” the president said, and Gemini Space Station co-founders Cameron and Tyler Winklevoss were “tremendous investors, brilliant people.”

The US Justice Department has filed a civil forfeiture claim seeking $61 million in cryptocurrency allegedly linked to the Iranian military’s black-market oil sales, according to the US Attorney’s Office.

Hold onto your digital wallets! The world of cryptocurrency is shifting gears at an astonishing pace, with crypto investment funds reeling in a staggering $1.3 billion in weekly inflows. This is not just a fleeting uptick; it’s the sixth week in a row where positivity reigns, amassing a total of $6.8 billion since early September.…

Patrick Witt, executive director of the White House’s digital assets council, expressed optimism about the CLARITY Act ahead of an initial procedural vote to bring the bill to the Senate floor.

(Bloomberg) — Singapore Exchange Ltd is preparing to offer its cryptocurrency perpetual futures to US institutions, making it the first major traditional exchange to bring one of crypto’s favorite trades into the mainstream.