New York AG warns against crypto investments amid state push to ban mining
News

New York AG warns against crypto investments amid state push to ban mining

As New York pursues efforts to ban proof-of-work (PoW) crypto mining, the attorney general reminded investors of the risks associated with investing in crypto.  In an investor alert published Thursday, New York Attorney General Letitia James said that investors are “losing billions” in crypto. James highlighted that even digital assets that are well-known and are traded in reputable exchanges can…

Continue Reading

BTC Gains Prior to NFP Report, Following a Cross of Moving Averages – Market Updates Bitcoin News
News

BTC Gains Prior to NFP Report, Following a Cross of Moving Averages – Market Updates Bitcoin News

Bitcoin was once again trading above $30,000, as markets were anticipating the release of May’s non-farm payrolls report. Whilst BTC was back in the green, ETH continued to trade lower, and as of writing is below $1,800. Bitcoin Following a drop in price on Thursday, BTC was back in the green on Friday, as traders were preparing for the release…

Continue Reading

CFTC Charges Gemini for Providing 'Material False' Statements on Bitcoin Futures Product
News

CFTC Charges Gemini for Providing ‘Material False’ Statements on Bitcoin Futures Product

On Thursday, the Commodity Futures Trading Commission (CFTC) filed a complaint against Gemini Trust Company LLC, led by the Winklevoss twins in the U.S. District Court for the Southern District of New York. The markets regulator alleges that from approximately July 2017 to December 2017, Gemini misled regulators “for making material false or misleading statements” in an effort to gain…

Continue Reading

Japan passes bill to limit stablecoin issuance to banks and trust companies
News

Japan passes bill to limit stablecoin issuance to banks and trust companies

Japan is moving forward with legislation regarding the issuance of stablecoins i.e. digital assets with their value pegged to fiat currencies or stabilized by an algorithm.  On June 3, Japan’s parliament passed a bill to ban stablecoin issuance by non-banking institutions, local news agency Nikkei reported.  The bill reportedly stipulates that the issuance of stablecoins is limited to licensed banks,…

Continue Reading

Central Bank of Armenia Urged to Regulate Cryptocurrencies
News

Central Bank of Armenia Urged to Regulate Cryptocurrencies – Regulation Bitcoin News

Calls have been issued in Armenia for the central bank to do its job and put the country’s crypto space in order. Both government regulators and representatives of the financial sector insist that the industry needs regulation to prevent the use of cryptocurrencies for illicit purposes. Bankers and Tax Officials in Armenia Call for Crypto Regulations The State Revenue Committee…

Continue Reading

New York Senate Passes Two-Year Bitcoin Mining Moratorium
News

New York Senate Passes Two-Year Bitcoin Mining Moratorium

New York is now one step closer to becoming the first state to ban crypto mining that relies on carbon-based power sources. The news comes after the state’s lawmakers passed a bill barring new entrants from establishing operations and pausing renewals for the already existing operating permits. Approved by the New York State Assembly in April, the Senate Bill S6486D…

Continue Reading

Bulgarian Chief Prosecutor Accused of Willfully Failing to Act Against Onecoin Fraudsters – Regulation Bitcoin News
News

Bulgarian Chief Prosecutor Accused of Willfully Failing to Act Against Onecoin Fraudsters – Regulation Bitcoin News

The legal representative of victims of the Onecoin bitcoin scam operation, Jonathan Levy, has accused the Bulgarian prosecutor of deliberately failing to take action against Onecoin. The lawyer said due to the prosecutor’s inaction, more victims are losing millions of dollars to the fraudsters. Prosecutor Refusing to Take Action Against Ruja Ignatova’s Mother A lawyer representing victims of the Onecoin…

Continue Reading

Bitcoin bounces to $30.7K as analyst presents Stock-to-Flow BTC price model rehash
News

Bitcoin bounces to $30.7K as analyst presents Stock-to-Flow BTC price model rehash

Bitcoin (BTC) climbed to fresh local highs overnight into June 3 after United States equities cut losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Wall Street provides short-term relief Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining steadily to hit $30,670 on Bitstamp before consolidating. The mood among stocks was more solid during the June 2 session, with…

Continue Reading