Biden budget proposes 30% tax on crypto mining electricity usage
The tax would be phased-in at 10% per year over three years and covers electricity generated from both on and...
Day: March 9, 2023
Investors might have avoided FTX if the SEC had addressed Bitcoin ETFs, says BitGo CEO
According to Mike Belshe, the United States Securities and Exchange Commission’s reluctance to address a “basic” regulatory issue like the...
NY AG sues KuCoin for selling securities and commodities without registration
New York Attorney General Letitia James said the suit is the first time a regulator has claimed Ether is a...
Blockchain.com suspends its asset management subsidiary launched in April: Report
The timing of opening the subsidiary was unfortunate, a spokesperson noted to Bloomberg, although the company held up to the...
Crypto industry braces for impact with Silvergate exit
Silvergate may not pose a systematic risk for the U. S. banking system, but it could raise risks related to...
CBDCs threaten our future, so it’s time to take a stand
Central bank digital currencies will give governments around the globe unprecedented power to surveil (and control) your financial activity. If...
Alameda Research to sell interest in Sequoia Capital to Abu Dhabi for $45M
FTX’s sister company, Alameda Research, agreed to sell its interest in Sequoia Capital to Abu Dhabi’s sovereign wealth fund for...
New York Attorney General Files Lawsuit Against Kucoin and Declares Ethereum a Security
On March 9, 2023, New York attorney general Letitia James announced that her office had once again cracked down on...
US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution
According to a recent warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations,...
Bitcoin price drops to $20.8K as regulatory and macroeconomic pressure mounts
BTC margin and options markets are steady, even as investors run for cover as crypto and stock prices fall. Bitcoin...
Women in Web3 advocate for increased diversity in the ecosystem
Several women suggested that education and grassroots training can be effective tools in promoting diversity within the Web3 ecosystem. Although...
Expert Warns of Possible Deflationary Depression as Money Supply Contracts: ‘Pay Attention to QT and the Money Supply’
During the Covid-19 pandemic, central banks such as the U.S. Federal Reserve loosened fiscal and monetary policy. Now, these same...
House Republicans directly criticize Biden administration for digital asset policies
"Because of actions taken by this Administration, the United States is at risk of pushing the digital asset ecosystem overseas,”...
Judge refuses to consolidate class-action lawsuits against FTX
A U.S. judge denied the request to consolidate, saying that the defendants had not had the opportunity to respond. A...
Elizabeth Warren Blames ‘Crypto Risk’ for Silvergate Bank’s Liquidation, Critics Dismiss Senator’s Claims as ‘Terribly Misinformed’
After Silvergate Bank announced its voluntary liquidation, U.S. senator Elizabeth Warren is attributing the financial institution’s downfall to “crypto risk.”...
