Biden’s Potential Shift in Crypto Policy: A Comparison with Trump The crypto world has been keeping a close eye on the new administration in the United States, with many anticipating potential changes to the regulatory landscape under President Joe Biden. While former President Donald Trump’s administration took a largely hands-off approach towards digital currencies, there…
Bitcoin Stands Strong in Face of Nearly $$1 Billion German Liquidation: An In-depth Analysis The recent news of a nearly $1 billion liquidation order from a German bank sent shockwaves through the Bitcoin market. However, despite this significant selling pressure, BTC has managed to hold its ground and even made a slight recovery. Background: The…
South Korea’s New Regulation on Continuous Monitoring for Crypto Transactions: An In-Depth Outline South Korea, a prominent player in the global cryptocurrency market, has recently introduced Real-Name System regulations to enhance transparency and prevent illicit activities related to digital assets. One of the new measures includes the requirement for continuous monitoring of cryptocurrency transactions, a…
MiCA Stablecoin Rules: A Game-Changer for Nigeria’s Crypto Community The MiCA (Markets in Crypto-Assets) regulatory framework proposed by the European Union (EU) is set to bring a seismic shift in the crypto industry, and Nigeria’s vibrant crypto community stands to gain significantly from this regulatory development. The MiCA rules , which are expected to be…
OpenAI’s Decision to Halt API Access in China: An In-depth Analysis In a stunning turn of events, OpenAI, the renowned artificial intelligence (AI) research lab co-founded by Elon Musk, announced on March 17, 2023, that it would be halting API access to its ChatGPT model in China. This decision, which came suddenly and without prior…
US Treasury and IRS Finalize Crypto Tax Reporting Rules for Brokers: An In-Depth Outline Background The Internal Revenue Service (IRS) and the U.S. Department of the Treasury have finalized new rules requiring brokers to report certain cryptocurrency transactions to the IRS. This long-awaited regulation, which came into effect on January 1, 2023, represents a significant…
SEC’s Request for Revisions: The Securities and Exchange Commission (SEC) has once again delayed its decision on the proposed Spot Ethereum Exchange-Traded Fund (ETF) from Grayscale Investments, citing the need for additional information and revisions. This news comes as a setback for investors who were eagerly anticipating the launch of the first Ethereum (ETH) ETF…
SEC Lawsuit: ConsenSys Accused of Violating Securities Laws Through MetaMask Background: The United States Securities and Exchange Commission (SEC) has recently filed a lawsuit against ConsenSys, a leading Ethereum software development studio. The allegation? ConsenSys is accused of violating securities laws through its popular product, MetaMask. Allegations: The SEC asserts that ConsenSys, through MetaMask, sold…
Nigeria’s SEC Chief Explores the Potential of Cryptocurrencies in Banking the Unbanked Population (Approximately 40 Million) Mary Uduk, the Acting Director-General of the Securities and Exchange Commission (SEC) in Nigeria, has expressed her belief in the potential of cryptocurrencies to bank the unbanked population in the country, which is estimated to be around 40 million…
Analysis of the Prospects for Approval of a Solana Exchange-Traded Fund (ETF) in 2023: A Comprehensive Outline Background: Solana (SOL) is a high-performance blockchain platform aimed at providing decentralized finance (DeFi) solutions that rival Ethereum. With its fast transaction speeds and low fees, Solana has garnered significant attention from the crypto community. An ETF based…
Denmark’s Proposed Ban on Unregulated Bitcoin Wallets: An In-Depth Outline Background Denmark, a European Union (EU) member country, is planning to implement a ban on unregulated Bitcoin wallets. This move comes as part of the Danish Financial Authority’s (Danish FSA) efforts to strengthen its regulatory framework for digital currencies. The proposed ban aims to protect…
US Supreme Court Limits SEC’s Authority in Enforcing Securities Laws: An In-Depth Outline Background The Securities and Exchange Commission (SEC) is the primary regulatory body responsible for enforcing securities laws in the United States. However, the scope of the SEC’s authority has long been a subject of debate and controversy. In a recent landmark decision,…
In the news-finder.com/category/world-news/international-news/” target=”_blank” rel=”noopener”>world of cryptocurrencies, every little news event can trigger massive price movements. For crypto traders, anticipating such events and making informed decisions before they impact the markets is a crucial part of their strategy. One such event that has drawn significant attention from traders recently is the Presidential Debate between Donald…
It’s Time for China to Adjust Its Stance on Cryptocurrency: As the world embraces the digital economy, it is crucial that China, as a major global economic power, keeps up with the trend. The cryptocurrency market , in particular, has gained significant attention and momentum in recent years. However, China’s stance on cryptocurrencies has been…
Bitstamp Delists Euro Tether (EURT) in Response to MiCA Regulations In a recent announcement, leading European cryptocurrency exchange, Bitstamp, revealed that it would be delisting Euro Tether (EURT) due to regulatory compliance with the Markets in Crypto-Assets (MiCA) framework. This decision comes as part of an ongoing effort by cryptocurrency exchanges and regulators to ensure…
Why Ethereum ETFs’ Billion-Dollar Hopes Could End in Disappointment: An In-Depth Analysis The crypto market has seen significant growth over the past few years, with Bitcoin leading the charge. However, the focus has recently shifted towards Ethereum, the second-largest cryptocurrency by market capitalization. Ethereum’s potential as a digital gold or programmable money has attracted the…
Ripple CEO’s Controversial Claim: Gary Gensler Could Cost Biden the Election The cryptocurrency community was abuzz with controversy when Ripple CEO Brad Garlinghouse made a bold claim that Gary Gensler, President Joe Biden’s nominee for Chair of the Securities and Exchange Commission (SEC), could potentially cost Biden the upcoming midterm elections. In an interview, Garlinghouse…
FDIC and Federal Reserve Call for Revisions to Living Wills of Top Banks: An In-depth Analysis The FDIC and the Federal Reserve, two key regulatory bodies in the US financial sector, have recently called for major revisions to the living wills of 30 of the largest banks in the country. These institutions, which collectively hold…
Legal Clash Escalates: US-Nigeria Tug of War over Detained Binance Executive The US Department of Justice (DoJ) and the Nigerian Economic and Financial Crimes Commission (EFCC) have found themselves in an unprecedented legal standoff over the detention of Ngige Ukoha, a Binance executive. Ukoha, who was arrested in Lagos on December 14, 2022, is wanted…
Nigeria’s Economic and Financial Crimes Commission (EFCC) Stands Firm Against Binance: The Controversial Detention of Tigran Gambaryan The Economic and Financial Crimes Commission (EFCC) in Nigeria has made headlines recently due to its controversial detention of Tigran Gambaryan, a high-profile suspect in a major money laundering case linked to the cryptocurrency exchange Binance . The…
