Crypto

JPMorgan’s Jamie Dimon and Sen. Elizabeth Warren Team Up to Bash Crypto

JPMorgan Chase CEO Jamie Dimon has never been shy about trashing crypto, even while his giant Wall Street bank became a leader in using blockchain technology to move billions. At a U.S. Senate hearing Wednesday, he slammed the industry again, to the delight of Sen. Elizabeth Warren (D-Mass.), who is trying to impose restrictions to…

Hong Kong Crypto Exchange Bitzlato Co-Founder Pleads Guilty to U.S. Money Transmitter Charge

Anatoly Legkodymov, a co-founder of Hong Kong-based crypto exchange Bitzlato, pleaded guilty to operating an unlicensed money transmitter tied to allegations that the exchange processed funds from ransomware attacks, illicit drug deals and other crimes, U.S. officials announced Wednesday. Source link

U.S., South Korea, Japan Discuss North Korean Crypto Thefts in Trilateral Meeting

U.S. National Security Advisor Jake Sullivan, Republic of Korea National Security Advisor Cho Tae-Yong and Japan National Security Advisor Takeo Akiba met in Seoul, South Korea to discuss various issues, including the Democratic People’s Republic of Korea (DPRK, the official name for North Korea) and its ongoing weapons of mass destruction program, a White House…

India Unlikely to See a Crypto or Web3 Bill for 18 Months, Senior Lawmaker Jayant Sinha Reveals

“In India where we have capital controls when you can’t freely trade the rupee for us to enable crypto assets is not really feasible,” Sinha said. “Unlike other economies like Singapore, or Korea or the US that have freely tradable currencies, and can get into crypto with a lot less trepidation. As far as India…

Crypto Provisions Dropped From 2023 U.S. Defense Bill

Two crypto provisions addressing anti-money-laundering concerns were dropped from a joint version of the National Defense Authorization Act, a military-funding bill viewed as must-pass legislation, ending a backdoor effort to get digital-asset rules passed this year in the U.S. Source link

Bitcoin (BTC) Price May Pull Back to $40K; ADA, ALGO, SOL Lead Crypto Gains

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Bitcoin (BTC) Halving Is Poised to Unleash Darwinism on Crypto Miners

Historically, the event has increased bitcoin prices exponentially, creating generational wealth for investors – but a presenting challenge for the miners that actually create BTC. During the third halving, which occurred in 2020, bitcoin’s price went from around $8,500 to nearly $18,000 within a few months, while the reward for successfully mining a block was…

Crypto Exchange Binance Ends Abu Dhabi License Application: Reuters

OpenAI CEO Sam Altman-Backed Crypto Startup Meanwhile Starts Bitcoin (BTC) Private Credit Fund With 5% Yield

“A thriving Bitcoin economy is inevitable, but to realize this future and maximize its potential, robust capital markets are essential,” Zac Townsend, co-founder and CEO of Meanwhile Group, said in the press release. “This private credit fund offers unparalleled potential for institutional investors to unlock the full value of their BTC holdings without compromising their…

Robinhood (HOOD) Broadens Crypto Service to Europe, Notes Region’s Digital Asset Regulation

“The EU has developed one of the world’s most comprehensive policies for crypto asset regulation, which is why we chose the region to anchor Robinhood Crypto’s international expansion plans,” Robinhood Crypto’s general manager Johann Kerbrat said in the blog post. Source link