Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher Regulations

March 29, 2023 Bitcoin.com

On Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing to discuss the recent bank collapses in the United States and the regulatory response. Throughout the testimonies, digital assets and crypto businesses were mentioned. Senate Banking Committee chairman Sherrod Brown claimed on Tuesday […]

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Republican Congressman Tom Emmer Queries FDIC on Alleged Efforts to Purge Crypto Activity from US

March 17, 2023 Bitcoin.com

anti-crypto message

On Wednesday, Tom Emmer, the U.S. Republican congressman from Minnesota, revealed he sent a letter to Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation (FDIC), regarding reports that the FDIC is “weaponizing recent instability” in the U.S. banking industry to “purge legal crypto activity” from the United States. Specifically, Emmer asked Gruenberg if […]

China Unearths Massive Gold Veins That Could Reshape Global Markets

Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply

March 16, 2023 Bitcoin.com

American Banks

The U.S. government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial institutions, Silicon Valley Bank (SVB) and Signature Bank (SNBY), this week, with bids due by March 17. However, sources familiar with the matter said the qualifications to purchase the banks are stringent, and reportedly, the purchasers cannot deal […]

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London Crowned World’s Leading Cryptocurrency Hub, According to Study

February 2, 2023 Bitcoin.com

Bangkok

According to research from Recap, a cryptocurrency tax software company, London has become the world’s leading hub for cryptocurrencies. The researchers analyzed eight indicators, including the number of cryptocurrency businesses and the quantity of cryptocurrency ATMs in each country. Key Findings of Recap’s Study on Global Cryptocurrency Hubs Crypto tax firm Recap released a research […]

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Crypto Lender Blockfi Files for Bankruptcy Protection to ‘Maximize Value for All Clients’

November 28, 2022 Bitcoin.com

Bankruptcy

On Nov. 28, 2022, the crypto lender Blockfi informed the public via a press release that the company has voluntarily petitioned for Chapter 11 bankruptcy protection. Blockfi is now one of many digital currency businesses dealing with significant financial hardships and bankruptcy proceedings in 2022. Blockfi Voluntarily Petitions for Chapter 11 Bankruptcy Protection Blockfi has […]

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Crypto Boutique Law Firm Roche Freedman Removed From Class Action Against Tether

October 14, 2022 Bitcoin.com

bitcoin.com

After a Manhattan federal judge blasted Roche Freedman LLP founding partner Kyle Roche’s public statements, the judge has removed the crypto boutique law firm from the market manipulation lawsuit against Tether and Bitfinex. The recent hearing has shown that U.S. district judge, Katherine Polk Failla, believes the litigation process could be derailed. She further stressed […]

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Poloniex, Bittrex Want Kyle Roche’s Law Firm Removed From Class-Action Against the Exchanges

September 3, 2022 Bitcoin.com

bitcoin.com

Following the controversy surrounding Kyle Roche, the attorney and founding partner of the litigation firm Roche Freedman LLP, the two crypto exchange firms Bittrex and Poloniex want the law firm removed from the class-action lawsuit against them. Similar to the attorney representing Tether, the lawyers representing Bittrex and Poloniex argue that “Mr. Roche’s recent statements […]

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Tether Asks Court to Remove Crypto Boutique Law Firm Roche Freedman From Class-Action Lawsuit

September 2, 2022 Bitcoin.com

bitcoin.com

Kyle Roche, an attorney and founding partner of the crypto boutique litigation firm Roche Freedman LLP, recently withdrew from a number of class-action lawsuits initiated by the law firm. The attorney’s withdrawal follows videos that circulated showing the lawyer discussing associations with cryptocurrency companies. After the attorney’s initial filing, the stablecoin issuer Tether is requesting […]

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UK Government Reverses Stance on Data Collection of Self-Custody Crypto Wallets

June 22, 2022 The Daily Hodl

Blockchain

The United Kingdom’s finance ministry is issuing new guidance on when crypto businesses can collect identifying information relating to self-custody wallets. After extensive consultation, the UK Treasury says crypto businesses will now be required to collect self-custody wallets’ identifying information only for transactions suspected of illegal activities. “Instead of requiring the collection of beneficiary and […]

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China Unearths Massive Gold Veins That Could Reshape Global Markets

Bank of Russia Lists Crypto Companies Among Financial Pyramids

September 24, 2021 Bitcoin.com

Authority

The Central Bank of Russia has recently expanded its database of financial market players suspected of illicit activities. Several crypto companies have been added to the list along with entities bearing signs of Ponzi schemes, as well as illegal credit organizations and forex dealers. Central Bank of Russia Blacklists Crypto Platforms As part of its […]

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