CFTC’s Johnson urges Congress for expanded powers in crypto oversight

Commodity Futures Trading Commission (CFTC) Commissioner Kristin Johnson has urged Congress to adopt legislation that “closes the current gap in the oversight of crypto spot markets.” During a speech at the digital assets conference at Duke University on Jan. 21, Johnson proposed a number of amendments that would enable the CFTC to conduct “effective due diligence” […]

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Crypto Markets Shrug Off Latest US Productivity, Jobs Data; Bitcoin’s Price Hovers at $22.9K

Equity markets continued their uneven climb upward this year with the tech-heavy Nasdaq and the S&P 500, which has a hefty technology component, jumping 1.8% and 1.1%, respectively, even as fourth quarter earnings continued to tilt negative and a rising number of firms announced layoffs in anticipation of an economic contraction. Since the start of […]

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Coinbase fined for operating in the Netherlands: here’s why

Dutch Central Bank announces a $3.6 million fine on Coinbase. It says the crypto exchange has been in a regulatory violation. Shares of Coinbase Global Inc ended roughly flat on Thursday. Coinbase Global Inc seems to be up for another regulatory fine. On Thursday, the Dutch Central Bank forced a $3.60 million penalty on the […]

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Data shows pro Bitcoin traders want to feel bullish, but the rally to $23K wasn’t enough

Bitcoin (BTC) price had a mixed reaction on Jan. 25 after the United States reported a 2.9% gross domestic product growth in the fourth quarter, slightly better than expected. Still, the sum of all goods and services commercialized between October and December grew less than 3.2% from the previous quarter. Albeit somewhat optimistic, another data […]

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DeFi protocol Aave to deploy V3 upgrade on Ethereum

Aave holders approve major technical upgrade dubbed Aave Ethereum V3. The vote results showed a total of 706,258 AAVE, or 100% support. Aave Ethereum V3 is set for activation following the governance vote. The Aave community has approved an Aave Improvement Proposal (AIP), a governance proposal seeking to activate Aave V3 on the Ethereum network.  […]

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Barry Silbert keeps quiet as Genesis goes down in flames

Just two months after the collapse of FTX, Genesis is following suit. Against an increasingly disheartening backdrop of “Big Cryptos” going bust, Barry Silbert’s cryptocurrency lender, Genesis Global Holdco, is the latest firm to file for bankruptcy, and if things always come in three, it might not be the last. Genesis Capital’s parent company, Digital […]

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El Salvador’s volcano-powered Bitcoin City wins design award

El Salvador is the first country that recognised Bitcoin as legal tender. Bitcoin City has been recognised as a sustainable and highly efficient project. El Salvador is building the new city in the country’s East, with clean energy entirely sourced from nearby volcanoes. El Salvador made history when it became the first country in the […]

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US Justice Department seizes website of prolific ransomware gang Hive

According to United States Federal Bureau of Investigation Director Christopher Wray on Jan. 26, international law enforcement groups have dismantled the infamous Hive cryptocurrency ransomware gang. He claimed that the operation has recovered over 1,300 decryption keys for victims since July 2022 and prevented $130 million in ransomware payments. Officials raised the example of one […]

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Derivatives Body ISDA Hopes New Digital Asset Norms Will Avoid FTX-Style Losses

“Recent failures in the crypto market have emphasized the importance of having a clear, consistent contractual framework that spells out the rights and obligations of both parties following a default,” said Scott O’Malia, ISDA’s chief executive, in a statement, adding that new definitions would aid legal certainty.

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