Kamala Harris’s Blockchain Comment Sparks Mixed Reactions in Crypto Community

September 26, 2024 Bitcoin.com

Vice President Kamala Harris’s remarks on fostering technologies like artificial intelligence (AI) and blockchain have sparked plenty of chatter in the crypto community. While some see her words as encouraging and forward-thinking, others believe Harris is merely pandering and looking to gain political support. VP Harris Faces Skepticism Over Blockchain Statement Amid Ongoing Crypto Crackdown […]

Canaan Introduces Bitcoin Mining Home Heaters at CES 2025

CFTC eyeing Polymarket, betting platforms amid US elections: Law Decoded

September 23, 2024 Coin Telegraph

CFTC

Polymarket and other offshore platforms are under CFTC scrutiny for compliance, and the SEC and German authorities are ramping up crypto crackdowns.

The United States Commodity Futures Trading Commission (CFTC) announced during a July 17 discussion at Georgetown Psaros Center for Financial Markets and Policy that it is closely watching Polymarket and other offshore crypto betting platforms.

CFTC Chair Rostin Behnam stated that the commission was “observing any activity” occurring offshore and providing “exposure to US customers.”

Behnam explained that the concern is ensuring that Polymarket and others carry out services “legally and within the bounds of the law.”

Canaan Introduces Bitcoin Mining Home Heaters at CES 2025

Fintech Veteran: Crypto Market Growth Not Tied to US Election Outcome

September 22, 2024 Bitcoin.com

bitcoin.com

While the crypto market’s brief dip after U.S. Presidential candidate Kamala Harris’ debate “win” against Donald Trump suggested the market favours the former president, Ziad El Baba, Ramp Network’s chief product officer, says the drop’s short-lived nature indicates users are wary of both candidates. El Baba also notes the market’s quick recovery reinforces a notion […]

Canaan Introduces Bitcoin Mining Home Heaters at CES 2025

SEC crypto ‘overreach’ cost small investors $15B: John Deaton

September 14, 2024 Coin Telegraph

SEC crypto ‘overreach’ cost small investors B: John Deaton

Coin Telegraph

According to a popular pro-crypto attorney and Senate candidate, the SEC's overreach into the crypto industry has cost retail investors over $15 billion in losses.

According to a prominent pro-crypto attorney and Senate candidate, the Securities and Exchange Commission’s (SEC) excessive intervention in the cryptocurrency industry has resulted in retail investors losing over $15 billion.

The US securities regulator has often been criticized for its enforcement-heavy regulatory regime over the cryptocurrency industry.

The SEC should be held accountable for its actions, as its “gross overreach” cost investors $15 billion, according to John Deaton, lawyer and Republican US Senate candidate.

Canaan Introduces Bitcoin Mining Home Heaters at CES 2025

Nigerian Regulator Threatens Crackdown on Unlicensed Crypto Entities

September 10, 2024 Bitcoin.com

bitcoin.com

The Nigerian Securities and Exchange Commission (SEC) has vowed to crack down on unlicensed cryptocurrency businesses targeting Nigerians. This comes just two weeks after approving two crypto exchanges and promising to consider similar applications. The SEC aims to protect investors without hindering innovation. To achieve this balance, Emomotimi Agama believes Nigeria needs a clear regulatory […]

Canaan Introduces Bitcoin Mining Home Heaters at CES 2025

Kamala Harris Gains Ripple Co-Founder Chris Larsen’s Endorsement

September 8, 2024 Bitcoin.com

bitcoin.com

Eighty-eight business leaders, including Ripple co-founder Chris Larsen, have endorsed Vice President Kamala Harris for president, in a new letter shared by CNBC on Friday. Some crypto investors are puzzled by Larsen’s move, given the Biden administration’s stringent regulatory stance on cryptocurrency and its ongoing lawsuit against Ripple. The U.S. Securities and Exchange Commission (SEC) […]

Canaan Introduces Bitcoin Mining Home Heaters at CES 2025

Why is the SEC going after digital art and monkey pictures? Law Decoded

September 2, 2024 Coin Telegraph

Coin Telegraph

OpenSea faces SEC scrutiny as the debate over NFTs as unregistered securities heats up, causing a stir in the crypto world.

On Aug. 28, the United States Securities and Exchange Commission issued a Wells notice to OpenSea, the non-fungible token (NFT) marketplace.

OpenSea CEO Devin Finzer was “shocked” when the SEC accused the exchange of being a marketplace for unregistered securities.

The announcement resulted in an uprising in the crypto community, led by Finzer’s statement that OpenSea was prepared to “stand up and fight.”

Canaan Introduces Bitcoin Mining Home Heaters at CES 2025

Telegram CEO Pavel Durov arrested in France: Law Decoded

August 26, 2024 Coin Telegraph

BaFin crackdown

The Telegram founder’s unexpected arrest marks a significant development in the ongoing scrutiny of tech leaders amid growing legal challenges facing the crypto industry.

On Aug. 24, Pavel Durov, the CEO and founder of the messaging platform Telegram, was arrested in France, triggering widespread reactions across the tech and crypto communities.

The arrest came as a surprise to many, given Durov’s influential role in the emerging tech and decentralized communities and Telegram’s status as a key platform for the cryptocurrency sector.

French authorities have yet to disclose the specific charges, but the arrest is believed to be linked to ongoing investigations into data privacy and cybersecurity concerns, which have increasingly put tech giants under the legal microscope.

Canaan Introduces Bitcoin Mining Home Heaters at CES 2025

Thai authorities raid illegal Bitcoin mine behind local power outages

August 26, 2024 Coin Telegraph

Bitcoin mining

Illegal Bitcoin mining has been a growing problem in Southeast Asia, with operators exploiting the region’s relatively low electricity costs

Thailand authorities have raided an illegal Bitcoin mining operation in Ratchaburi, a town west of Bangkok, following numerous complaints from residents about persistent power outages.

According to the South China Morning Post, the raid took place on Aug. 23 and revealed that the illegal mining activities were likely the cause of blackouts that had plagued the area for over a month.

An investigation was started after residents reported unexplained power failures that began in mid-July.

Canaan Introduces Bitcoin Mining Home Heaters at CES 2025

CZ and Binance face new lawsuit for alleged laundering of stolen crypto

August 21, 2024 Coin Telegraph

Binance

One legal expert says if the class-action lawsuit progresses, it could put the “efficacy of blockchain analytics itself” on trial.

Binance and its former CEO Changpeng “CZ” Zhao are facing a new class-action lawsuit from three crypto investors who say they couldn’t recover their stolen assets because the exchange failed to prevent money laundering.

In an Aug. 16 class action complaint filed in the U.S. District Court for the Western District of Washington, Seattle, the plaintiffs allege their crypto was stolen, and those funds were sent to Binance by the thieves to “remove the connection between the ledger and their digital assets,” making them untraceable.

Three plaintiffs have filed a civil action complaint against Binance and former CEO CZ. Source: PacerMonitor

Crypto regulation