Pro-crypto senator Cynthia Lummis discloses up to $100K BTC purchase
The Republican lawmaker from Wyoming has been a vocal supporter of Bitcoin and blockchain technology in Congress. Go to Source Powered by WPeMatico
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US Justice Dept announces launch of national crypto enforcement team
“We need to make sure that folks can have confidence when they’re using these systems and we need to make sure we’re poised to root out abuse that can take hold on them,” said Lisa Monaco. Go to Source Powered by WPeMatico
$25B toy brand to launch L.O.L. Surprise NFT collectibles
Released in 2017, L.O.L. Surprise doll was MGA’s best-selling U.S. toy property for three consecutive years. Go to Source Powered by WPeMatico
US lawmaker proposes safe harbor for digital tokens in new bill
The “Clarity for Digital Tokens Act of 2021” bill seemingly builds on an initiative from SEC commissioner Hester Peirce, who has called for creating a safe harbor for projects that raise funds to build decentralized networks. Go to Source Powered by WPeMatico
America’s fifth-largest bank launches crypto custody service — report
U.S. Bank is now providing custody services for Bitcoin, Bitcoin Cash and Litecoin, according to a company executive. Go to Source Powered by WPeMatico
Russia, US in Top 3 for Crypto-Related Threats, Cybersecurity Report Unveils
Threats related to cryptocurrency have followed prices, decreasing significantly after the market slump in May, suggests a recent report released by a leading internet security firm. Detections fell by almost a quarter but Russia remains the most affected country, with the U.S. ranking in the top three as well. ESET: 1 in 10 Crypto-Focused Threats … Read more
Biden Admin weighing bank-like regulation for stablecoin issuers
The United States government appears keen to tame the rapidly growing stablecoin market, according to reports. Go to Source Powered by WPeMatico
Global CBDC bridge needs public and private cooperation, says BIS
Cooperation between public and private sectors would be vital for a global CBDC system, says a new joint report. Go to Source Powered by WPeMatico
Crypto is impossible to destroy, says Tesla CEO Elon Musk
The decentralized nature of cryptocurrencies may be a challenge for the Chinese government, Elon Musk suggested. Go to Source Powered by WPeMatico
CFTC hits Kraken with $1.25M in fines over alleged illegal offering
“Margined, leveraged or financed digital asset trading offered to retail U.S. customers must occur on properly registered and regulated exchanges in accordance with all applicable laws and regulations,” said Vincent McGonagle, the CFTC’s acting director of enforcement. Go to Source Powered by WPeMatico