Category: Uncategorized

A Second Round of the Lummis-Gillibrand Crypto Bill Elevates CFTC, Defines DeFi
The U.S. Securities and Exchange Commission (SEC) would take a back seat in a crypto oversight bill being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), which would require that crypto exchanges be overseen by the Commodity Futures Trading Commission (CFTC) and all stablecoin issuers be regulated depository institutions.

Layer-2 Blockchain Starknet's ‘Quantum Leap’ Upgrade Goes Live, for Speedier Transactions
The upgrade went live following a community vote that overwhelmingly agreed to deploy it to mainnet.

Stablecoin Issuers Urged to Anticipate MiCA Rules by EU Banking Agency
Regulators can be notified of stablecoin-related operations now even though the rules don’t take effect until June 2024, the European Banking Authority said.

Stablecoins Pose 'Existential Threat' to Policy Sovereignty, Says India Central Bank Official: Report
“If large stablecoins are linked to some other currency, there is a risk of dollarization,” RBI Deputy Governor Rabi Sankar has said.

EU Securities Agency Issues First Batch of Detailed Crypto Rules Under MiCA Law
Consultations cover authorization and conflict-of-interest rules for crypto companies under the landmark digital assets law

Bitcoin Liquidations Drop to Lowest Since April, Indicating Waning Interest Among Futures Traders
Trading volumes slumped 55% on Tuesday compared to Monday in a sudden market shift, data shows.

MicroStrategy Only Needs to Liquidate Bitcoin in Extreme Price Corrections: Bernstein
A more robust bitcoin price means the company has a stronger balance sheet, a higher share price and easier debt repayment without the need to sell down its cryptocurrency holdings, the report said.

U.S. Senate Finance Committee Asks Crypto Industry for Tax Guidance
The committee sought input from the cryptocurrency industry to better understand the tax challenges presented by digital assets.

South Korea Wants Companies to Disclose Crypto Holdings
Companies that issue or own crypto will have to make disclosures in their financial statements from next year onwards, say draft rules.

Crypto Traders Prepare for Bitcoin Volatility as Focus Shifts to U.S. CPI
Crypto traders anticipates a big move in bitcoin as Bollinger bands have tightened to the lowest level since early January.