Today, July 12, onchain data reveals that 9,825 Bitcoin (BTC) worth $302 million, which were seized by the U.S. Department of Justice (DOJ) in connection to the shuttered darknet marketplace Silk Road, have been transferred to new addresses. According to the OKLink dashboard, the BTC was sent in two transactions, with one still pending at
Regulation
U.S. Senator Tommy Tuberville of Alabama and Congressman Blaine Luetkemeyer have raised concerns regarding Prometheum, Inc., a digital asset company, alleging false testimony and potential violations of U.S. securities laws. The legislators have called on Attorney General Merrick Garland and Securities and Exchange Commission (SEC) Chair Gary Gensler to conduct a thorough investigation into the
The Massachusetts Senate recently announced the consolidation of several hearings on blockchain, digital assets, and digital privacy into a single assembly on July 13. This move highlights the growing significance of these topics in the state and reflects the need for thorough discussions and legislative actions. The combined assembly, held by the “Advanced Information Technology,
The recently published minutes of the mid-June meeting of the Federal Reserve provided new insight into the group’s goals and plans for the immediate future. The minutes revealed a commitment to maintaining the current federal funds rate range of 5% to 5.25% and a strong dedication to bringing the inflation rate back to the target
Bitwage, the crypto payroll company, recently made an announcement that it would be disabling payments in USD Coin (USDC) for U.S. residents. This decision comes amid a heightened regulatory scrutiny of the crypto space by financial regulators in the country. The move has raised concerns among users who will need to take action before July
In a groundbreaking move, Valkyrie Investments has resubmitted its spot-Bitcoin exchange-traded fund (ETF) application, signalling a potential shift in sentiment among regulators and the traditional financial industry. This article explores the implications of Valkyrie’s decision, the amendments made to the application, and the significance of the surveillance-sharing agreement with Coinbase. Following the Securities and Exchange
The United Kingdom has made significant strides in the regulation of the crypto industry, with Ripple senior executives Andrew Whitworth and Susan Friedman praising the country’s approach. The recent approval of the Financial Services and Markets Bill by the Royal family has marked a crucial step towards regulating crypto trading in the UK. According to
Circle, the popular stablecoin provider, is setting its sights on the Asia Pacific (APAC) region, which accounted for a staggering 74% of US dollar trade invoicing from 1999 to 2019, according to estimates from the Federal Reserve (FED). In a recent blog post, Circle’s executives highlighted the potential role of their digital dollar, USDC, in
Blockchain technology has the potential to significantly revolutionize the world of payments, but according to Jorn Lambert, Mastercard’s chief digital officer, certain conditions must be met for this technology to achieve mainstream adoption. Lambert believes that in order for blockchain to go mainstream, there is a need for “financially-regulated applications” and “central bank-backed money.” Lambert
The crypto industry has long been concerned about regulatory barriers that restrict the possession and trading of cryptocurrencies. With the launch of EDX Markets, a platform that only lists four cryptocurrencies (BTC, ETH, LTC, and BCH), there is fear that all other cryptocurrencies may be deemed securities and thus barred from trading in the United