Today News

Block Inc faces million fine for lax Bitcoin transactions oversight

Block Inc faces $40 million fine for lax Bitcoin transactions oversight

Leave a Comment / Bitcoin, Block, crypto, Featured, Jack Dorsey, New York, Regulation / best time

Block Inc., the company behind Cash App and led by Jack Dorsey, has been fined $40 million by the New York Department of Financial Services (NYDFS). The penalty, announced on April 10, stems from widespread lapses in the company’s anti-money laundering (AML) and compliance systems related to its virtual currency operations. NYDFS Superintendent Adrienne Harris […]

Block Inc faces $40 million fine for lax Bitcoin transactions oversight Read More »

SEC and Ripple file joint motion to pause appeals to pursue settlement terms

Leave a Comment / crypto, Featured, Legal, Regulation / best time

The US Securities and Exchange Commission (SEC) and Ripple Labs have jointly filed a motion to hold their appeals in abeyance, citing an agreement in principle to resolve their long-standing case. The motion, submitted to the United States Court of Appeals for the Second Circuit on April 10, seeks to suspend proceedings while the parties

SEC and Ripple file joint motion to pause appeals to pursue settlement terms Read More »

Corporate Bitcoin holdings concentrated in few custodians pose systemic risk

Leave a Comment / crypto, Featured, Regulation, Technology / best time

As Bitcoin’s (BTC) appeal as a treasury asset grows, Casa co-founder and CSO Jameson Lopp assessed that concentrating the amount of BTC on a few custody service providers might pose a systemic risk. Lopp said: “The ‘Bitcoin Corporate Treasury’ narrative is a footgun if it’s not accompanied by the sovereignty via self custody narrative. Number

Corporate Bitcoin holdings concentrated in few custodians pose systemic risk Read More »

Former CFTC Chairman Timothy Massad On Bitcoin And Digital Asset Privacy

Leave a Comment / CFTC, MIT Bitcoin Expo, Politics, Privacy, Regulation, Regulators / best time

While attending the MIT Bitcoin Expo this past weekend, I was afforded the opportunity to sit down with Timothy Massad, Research Fellow at the Kennedy School of Government at Harvard University and former Chairman of the U.S. Commodities and Futures Trading Commission (CFTC). Massad served as the head of the CFTC from 2014 to 2017,

Former CFTC Chairman Timothy Massad On Bitcoin And Digital Asset Privacy Read More »

EU Regulator: Crypto Assets Pose No Significant Risk to Financial Stability

Leave a Comment / European Union (EU), Regulation / best time

The securities regulator believes that crypto assets currently pose a minimal risk to financial stability due to their relatively small size and limited integration with traditional financial systems. Crypto Assets 1% of Global Financial Assets The European Securities and Markets Authority (ESMA) said crypto assets currently pose no significant risk to financial stability. The regulator

EU Regulator: Crypto Assets Pose No Significant Risk to Financial Stability Read More »

Crypto-friendly Paul Atkins confirmed by Senate to lead the SEC

Leave a Comment / Regulation / best time

Key Takeaways Paul Atkins confirmed as SEC chair, replacing Gary Gensler. Atkins aims to introduce a rational crypto framework at SEC. Share this article The US Senate on Wednesday confirmed Paul Atkins as head of the US Securities and Exchange Commission (SEC) in a 52-44 vote. He is expected to be sworn in and assume

Crypto-friendly Paul Atkins confirmed by Senate to lead the SEC Read More »

Russia’s businesses are testing digital assets, showing interest in crypto settlements, central bank governor says

Leave a Comment / Regulation / best time

Key Takeaways Businesses in Russia are testing digital financial assets for cross-border transactions. The Bank of Russia plans to expand the digital ruble pilot program by the end of the year. Share this article Businesses in Russia are exploring digital financial assets and showing interest in crypto settlements under an experimental legal regime, central bank

Russia’s businesses are testing digital assets, showing interest in crypto settlements, central bank governor says Read More »

Shaquille O’Neal to Pay M in Final Settlement Over Astrals NFT Lawsuit

Shaquille O’Neal to Pay $11M in Final Settlement Over Astrals NFT Lawsuit

Leave a Comment / nft, NFT News, Regulation / best time

Former NBA legend Shaquille O’Neal has agreed to pay $11 million to resolve a class-action lawsuit tied to his involvement in the Solana-based Astrals NFT project. A Florida federal judge, Federico Moreno, approved the final settlement on April 1, with the order made public on April 8. The settlement establishes an $11 million fund for

Shaquille O’Neal to Pay $11M in Final Settlement Over Astrals NFT Lawsuit Read More »

Ripple Urges UK to Speed up Crypto Rules at Policy Summit

Leave a Comment / Regulation, ripple xrp, United Kingdom UK / best time

Ripple is sounding the alarm for immediate UK regulatory action to capture a multi-trillion-dollar digital asset opportunity and lead the future of global crypto finance. Ripple Calls for Urgent UK Action on Crypto Regulation At a recent summit hosted by Ripple in London, policymakers and industry experts assembled to explore how the United Kingdom can

Ripple Urges UK to Speed up Crypto Rules at Policy Summit Read More »

US DOJ scraps crypto crime team under Trump’s new policy era

Leave a Comment / Regulation / best time

Key Takeaways The US Department of Justice disbanded its National Cryptocurrency Enforcement Team under Trump’s administration. Trump’s administration is easing crypto regulations and issued executive orders to provide clarity to the industry. Share this article The US Department of Justice has dissolved its National Cryptocurrency Enforcement Team (NCET), a unit focused on investigating and prosecuting

US DOJ scraps crypto crime team under Trump’s new policy era Read More »