U.S. Congressmen French Hill, Patrick McHenry and Bill Huizenga sent the Federal Deposit and Insurance Commission (FDIC) a joint letter on April 25 requesting information about regulatory efforts to deny banking services to the crypto industry. The Republican lawmakers have set a May 9 deadline for the regulator to provide…
Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong inching close on a clear crypto regulatory pathway A few months after prominent industry players lamented the lack of registration pathways for cryptocurrency exchanges in Hong Kong, some respite may finally be on the…
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The launch of “Robinhood Connect,” a fiat-to-crypto on-ramp featuring support for decentralized applications (DApps) and self-custody wallets, was announced at Consensus 2023 on April 27. Introducing our latest investment in crypto, Robinhood Connect: https://t.co/SmENSYufBA A low-cost, on-ramp for customers, and a seamless integration for developers. Learn more: https://t.co/rnBnR0LYww pic.twitter.com/6uSIAJkudO —…
Coinbase executives discussed their company’s ongoing conflict with the U.S. Securities and Exchange (SEC) in a new video on April 27. Coinbase doesn’t list securities; situation hasn’t changed Coinbase Chief Legal Officer Paul Grewal responded to the SEC’s recent Wells notice, stating: “[The SEC] has reached a preliminary determination that…
The United States House of Representatives was abuzz with talk about crypto on April 27, as both the Financial Services Committee and the Agriculture Committee held hearings with nearly identical titles and covered nearly the same ground with many similar conclusions. The Financial Services Committee, in its hearing “The Future…
A vigilante hacker burned roughly $300,000 worth of Bitcoin found in almost a thousand addresses allegedly linked to Russian intelligence agencies through the OP_RETURN function in 2022, according to Chainalysis research. The anonymous vigilante reportedly found 986 unique Bitcoin addresses between March 2022 and April 2022 that they claimed were…
Belgian cryptocurrency trading platform Bit4You has suspended all operations, including withdrawals, amid an insolvency investigation of one of its key partners. Suite à cela, nous avons immédiatement entamé plusieurs démarches pour comprendre la nature et la portée de cette situation. En savoir plus – https://t.co/wg7iHqN9jt — Bit4you (@Bit4you1) April 26,…
The U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has faced backlash from the crypto community after using a dog-goldfish analogy to explain the importance of compliance with security laws in a video tweet on April 27. In his analogy, Gensler said that crypto platforms were offering “investment contracts”…
The Ether (ETH) price has held above $1,820 for the past three weeks, despite facing a 13.7% correction between April 18-21. Still, analyzing a broader time frame provides a more constructive view, as ETH gained 20.8% in three months while the S&P 500 stock market index stood flat. However, according…