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Australia crypto regulations

Australia to Release Crypto Regulatory Framework Soon

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The Australian government is developing regulations for the cryptocurrency sector. Treasurer Jim Chalmers announced that soon the country will introduce a public advisory paper on the subject. The framework called "token mapping" will be a priority to figure out which cryptos are used in...

Hayes

Arthur Hayes bets on the growth of Ether after the activation of the Merge fork

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According to the ex-head of the BitMEX crypto exchange Arthur Hayes, in the event of a successful update of the Ethereum, the value of the network's underlying asset - ETH will begin to add. The sellers capitulated, the expert believes. Those who do not believe in its future have left the asset,...

FDIC crypto FTX

US FDIC Warns FTX and Others to Stop "Misleading" Claims

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On August 19, The Federal Deposit Insurance Corporation of the US released cautionary letters to 5 entities, and individuals saying they've made false and deceptive descriptions about digital asset products and the agency. The firms receiving such letters are FTX US, Cryptonews.com, Cryptosec.info,...

Crypto liquidations

Around $560 M Crypto Positions Were Liquidated

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Prices of cryptocurrencies started to decline again after a market rise for several days. In the last 7 days, Bitcoin dropped by 13.5% and now trades at around $21,200. Ether fell by 17% and trades at around $1,600. Global financial markets are unstable amid the growing inflation over the world. A...

South Korea

South Korea Urges Crypto Exchanges to Obtain Licenses by September 24

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Cryptocurrency exchanges must obtain licenses by September 24 to operate legally on the South Korean market. According to the Financial Services Commission (FSC), 16 foreign marketplaces operate in the country without licenses. If they do not complete registration within the deadlines set by the...

Genesis

Crypto company Genesis cuts staff by 20%

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Many companies in the crypto sphere are forced to lay off employees to reduce operating costs. Moreover, some teams have cut staff by more than 50% after the industry was in a state of crisis caused by the outflow of capital from digital currencies. Now this list has been added to the Genesis...

Ether Ripple Vitalik Buterin

Vitalik Buterin's Tweet About XRP Started a Debate

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Ethereum co-founder Vitalik Buterin replied to a tweet by Bankless founder David Hoffman about the new crypto regulatory changes in Canada. The rules define that investors are allowed to buy an unlimited amount of Bitcoin, Ether, Litecoin, and Bitcoin Cash. However, there is a $20,000 limit for...

Jesse Powell

Kraken CEO criticizes US authorities for sanctions against Tornado Cash

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The imposition of sanctions against the Tornado Cash cryptocurrency service caused discontent among many experts and businesses focused on the blockchain industry. Jesse Powell, CEO of the Kraken exchange, joined the critics of the decision of the US Treasury. He believes that limiting the...

Doge

Dogecoin corrects as sales resume

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The Dogecoin rate soared to $0.0876 last Tuesday, the highest value since the beginning of June 2022. Altcoin began to add value at the end of last week. The Santimemt team has spotted a spike in whale activity on the Dogecoin network. The blockchain saw a surge in transactions of over $100,000....

OTR gas stations crypto payments

Australian Gas Station OTR Now Accepts Cryptocurrencies

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On The Run (OTR) petrol stations partners with the crypto exchange company Crypto.com and payment terminal provider DataMesh Group to offer customers the opportunity to pay in cryptos. Due to the partnership, customers can pay directly in-store for everyday goods through the Crypto.com application...

Mining

Losses of the largest bitcoin miners exceeded $1 billion

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As a result of the collapse of bitcoin, the largest mining companies suffered heavy losses. The list of victims is headed by miners Core Scientific, Marathon, and Riot. Their total losses have exceeded $1 billion since the collapse of the Terra ecosystem. Other companies Bitfarms and Greenidge also...

Google crypto investments

Google's Parent Company Alphabet Is the Leader in Crypto Investments

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New research by the intelligence platform Blockdata shows that from Sept. 2021 to mid-June 2022, crypto startups received investments from forty public companies. Together investments reached $6 bln. Based on the analysis, Google is the number one by the amount invested in blockchain/crypto. The...

Coinbase

Coinbase Plans to Suspend ERC-20 Token Transactions During Merge Update

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The largest American cryptocurrency exchange Coinbase announced the suspension of transactions with ERC-20 standard tokens during the September Merge update. Last Tuesday, the company's press service announced support for the long-awaited fork, designed to complete the transition of Ethereum to the...

Tether

Capitalization of Tether increased by $2 billion

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In early August, the US Treasury imposed sanctions against the Tornado Cash service, which allows anonymous sending of digital currencies. Washington has evidence that this site was used for money laundering. The capitalization of the stablecoin Tether (USDT) has increased by almost $2 billion...

investor

Institutional investors again began withdrawing capital from crypto funds

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CoinShares analysts recorded the first outflow of institutional capital from crypto funds in the last six weeks. The researchers estimate that over seven days, large investors withdrew $17 million from crypto-focused funds. Bitcoin instruments lost $21 million, but traders put $2.6 million into...

Chainalysis crypto crime

Crypto Crime Fell by 25% This Year, Chainalysis Reports

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Blockchain data platform Chainalyis released an update on the mid-year crypto crime. According to data, illicit activities fall and notable expectations are predicted. Chainalyis says 2022 has been a significant year for the crypto industry, with essential price declines across all digital assets...

Inc. 5000 Ripple

Ripple, Distributed Ledger, and BlockFi Listed in the Inc. 5000

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Inc. 5000 magazine, which introduces the fastest growing companies in the United States, released its 2022 edition. Companies on the list are ranked according to percentage revenue growth from 2018 to 2021. To be on the list, companies must have been founded and generating revenue by March 31,...

Celsius bitcoin mining

Court Allowed the Bankrupt Celsius to Mine and Sell Bitcoin

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Crypto platform Celsius got approval from a U.S bankruptcy judge to mine and sell bitcoins. According to the court document, mining is one of the main operations of Celsius, which Debtor subsidiary Celsius Mining LLC is among the largest crypto mining firms in the US. The release also noted the...

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