The U.S. Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, have been targeted by the Chamber of Digital Commerce for their “regulation by enforcement” strategy, which poses a danger to the U.S. digital assets market and investors. The Chamber of Digital Commerce argued in an amicus brief in
According to Agustin Carstens, the head of the Bank of International Settlements, there is no longer a compelling case for the adoption of digital currency as a replacement for fiat currency. Technology, Carstens claimed in an interview with Bloomberg TV, could not be relied upon as a reliable means of
Kevin O’Leary, of “Shark Tank,” has given his thoughts on the cryptocurrency market after the SEC has taken many enforcement actions. The Shark Tank star tweeted: “Venture funding for new crypto projects is virtually dead and aftermarket trading for existing projects is at massive discounts. Reason? The regulator is now
The two Solana shops will be shut down since they were unable to attract as many customers as expected. The company announced the closures through Twitter on February 21 and included a message from founder Vibhu Norby. Norby had launched Solana Spaces in the first half of 2022. He said
Yandex, the most popular search engine in Russia, now offers its users data on more than 140 of the most widely used cryptocurrencies in addition to information on the currencies of dozens of other nations. The newest update to the business’s currency converter now includes cryptocurrency rates, the company said.
Jaime Rogozinski, the founder of WallStreetBets (WSB), filed a complaint against Reddit this week, saying that the platform violated his trademark rights by removing him as a moderator in 2020. Established in 2012, WSB quickly became known on Reddit as the place to go to see risky stock trades. Members
The minister of technology and science of Zambia, Felix Mutati, has said that the central bank and the Securities and Exchange Commission of Zambia are “testing” technologies to regulate cryptocurrencies. Mutati said on the ministry website that Zambia has to govern this “revolutionary technology.” Because it represents the future the
The U.S. government’s clampdowns and the lack of regulatory clarity have frustrated blockchain and digital currency executives. Both Coinbase CEO Brian Armstrong and Kraken CEO Jesse Powell have urged lawmakers to establish uniform regulations for digital currencies. The CEO of Custodia, Caitlin Long, said in a blog post on February
After his takeover of the social media company Twitter last year, Elon Musk implemented many of the promised reforms. Even Twitter’s CEO, Elon Musk, has already said that individuals would have the option to monetize their tweets. At that time, Dogecoin saw a spectacular surge in value. On Saturday, one
There is an effort afoot to broaden the scope of Brazil’s recently enacted cryptocurrency regulations. Which were signed into law by departing President Jair Bolsonaro on December 21. Reports from regional media suggest that the Ministry of Finance is drafting a decree. To rectify some of the ambiguities that arose
