Author: American Coins & Gold

Bitcoin Hangs on Just Above K Ahead of Fed Rate Decision
The Fed on Wednesday is widely expected to hold rates steady, but investors will monitor new economic projections and Chairman Powell’s press conference for clues about the direction of future policy.

U.S. SEC’s Crypto Enforcement Chief Warns More Charges Coming to Exchanges, DeFi
The U.S. Securities and Exchange Commission (SEC) isn’t done chasing down crypto exchanges and decentralized finance (DeFi) projects it sees as violating securities laws in the same vein as Coinbase Inc. (COIN) and Binance, said David Hirsch, head of the agency’s Crypto Assets and Cyber Unit.

Does Coinbase Have a Diversification Problem?

Crypto Wants a De Minimis Tax Exemption in the U.S.
The leaders of the Senate Finance Committee, Sens. Ron Wyden (D-Ore.) and Mike Crapo (R-Idaho) published an open letter in July asking the crypto industry to weigh in on crypto tax issues, including loans, staking, mining, constructive sales and wash trading. These comments were due earlier this month.

Binance’s Bitcoin Trading Volume Plunges 57% as Regulatory Pressure Mounts
As legal challenges against Binance mount, the average spot BTC trading volume on the platform has decreased 57% since Sep. 1

Sam Bankman-Fried’s Dad Thought His Son Wasn’t Paying Him Enough, So He Got Mom Involved
The alleged dispute over Joe Bankman’s $200,000 FTX salary versus his desired $1 million points to an unusual family dynamic at the former cryptocurrency colossus.

Eventually, We Are All Ethereum
History suggests that, slowly but surely, all layer 2s will migrate to the Ethereum, says EY’s Global Blockchain Leader.

Appeal Court Punts on Bankman-Fried's Bid to Secure Release from Jail
The one-time crypto exchange executive has made several arguments to get out of jail before his trial.

Some Binance EU Users Find Fiat Withdrawals Cut Off Even Before Paysafe Ends Service
Binance says Paysafe gave it short notice that a “very small portion” of European users will be subject to an earlier closure before the payments provider pulls support for the exchange on Sept. 25.

CZ Denies Binance.US Used Ceffu or Binance Custody in Apparent Contradiction
Binance.US previously told a DC court it used custody software offered by Binance’s international arm that was later rebranded Ceffu.