Coinbase wants the court to compel the CFTC to hand over its communications with certain crypto issuers, claiming its critical to its defense against the SEC. Source: https://cointelegraph.com/news/coinbase-cftc-motion-to-compel-subpoenadocs-defend-sec-suit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: October 2024
Ripple Gets Green Light for Dubai Expansion
Ripple, a digital asset infrastructure provider, has received approval to expand its operations in Dubai. The Dubai Financial Services Authority (DFSA) granted Ripple “in-principle approval” to offer its services from the Dubai International Financial Centre. This will allow Ripple to provide seamless cross-border payment services in the United Arab Emirates and align with its goal […] Source: https://news.bitcoin.com/ripple-gets-green-light-for-dubai-expansion/
Judge finds new California election deepfake ban unconstitutional
Federal Judge John A. Mendez has blocked a new California law that allowed any person to sue for damages over election deepfakes. Source: https://cointelegraph.com/news/california-ai-election-deepfake-unconstitutional?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Trump Vows Once Again to ‘Save’ Silk Road Founder Ross Ulbricht
Silk Road founder Ross Ulbricht has begun his 12th year in prison, sharing his resolve to make the most of his time. Former President Donald Trump pledged once again on Wednesday to “save” Ulbricht, a promise that reopens old wounds and sparks debates over crypto and justice. On Wednesday, former President Donald Trump declared, “I WILL SAVE ROSS ULBRICHT!” on…
Ethereum Options Volatility Outstrips Bitcoin’s as US Election Looms. Why it Matters
Ethereum’s volatility readings are outpacing Bitcoin, with the gap growing over the last few months as traders brace for impact ahead of the upcoming US election in November. Implied volatility for 30-day at-the-money Ethereum contracts relative to Bitcoin has widened to almost 7%, Nick Forster, founder of DeFi derivatives protocol Derive, told Decrypt. At-the-money refers to an option contract whose…
Uruguay Passes Cryptocurrency Law
Proposed over two years ago, the law recognizes cryptocurrency as virtual assets in the country, establishing the Central Bank of Uruguay as the regulator and overseer of companies seeking to offer cryptocurrency services. The law positions Uruguay at the forefront of Latin American countries that have already included crypto in their regulatory frameworks. Uruguay Enacts […] Source: https://news.bitcoin.com/uruguay-passes-cryptocurrency-law/
LayerZero Labs, Eigen Labs raise the stakes on cross-chain transactions
The two firms have co-developed the Cryptoeconomic DVN Framework, bringing more security to decentralized networks through economic incentives. Source: https://cointelegraph.com/news/layerzero-eigenlayer-raise-stakes-cross-chain-transactions?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin is again forming a ‘three blind mice’ trading pattern: Peter Brandt
Veteran trader Peter Brandt’s warning to crypto traders suggests Bitcoin could fall into a deeper downtrend. Source: https://cointelegraph.com/news/bitcoin-forming-three-blind-mice-trading-pattern-peter-brandt?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ohio Senator Pushes for Cryptocurrency Tax Payments With New Bill
Ohio State Senator Niraj Antani has introduced a bill to legalize cryptocurrency payments for state and local taxes. Emphasizing the importance of cryptocurrency in the present economy, the bill requires Ohio to accept digital currencies like bitcoin and allows state retirement systems to invest in them. Antani highlights Ohio’s historical role in cryptocurrency adoption. Ohio […] Source: https://news.bitcoin.com/ohio-senator-pushes-for-cryptocurrency-tax-payments-with-new-bill/
Taiwan’s Regulator Allows Professional Investors to Access Digital Asset ETFs
Taiwan’s Financial Supervisory Commission (FSC) has allowed professional investors to venture into foreign virtual asset exchange-traded funds (ETFs) via sub-brokerage. By allowing more diverse investment channels, the FSC aims to boost local brokerage operations while carefully managing the high risks of virtual assets. Stringent measures, including investor suitability checks and mandatory risk disclosures, ensure that […] Source: https://news.bitcoin.com/taiwans-regulator-allows-professional-investors-to-access-digital-asset-etfs/