Barclays-backed Copper withdraws UK crypto license application

December 20, 2024 Coin Telegraph

Barclays

The UK FCA previously said that almost 90% of annual crypto license applications had failed as of September.

Update (Dec. 20, 10:40 am UTC): This article has been updated to include exclusive interview comments from Copper.

Copper Technologies, a cryptocurrency custody firm backed by British multinational bank Barclays, has withdrawn its crypto license application in the United Kingdom.

Copper withdrew its application to register with the UK’s Financial Conduct Authority on Dec. 20, saying it will shift focus to foreign hubs under its new CEO, the firm confirmed to Cointelegraph on Friday.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Coinbase prepares to delist Tether’s USDT stablecoin in Europe

December 12, 2024 Coin Telegraph

Coin Telegraph

Coinbase said it will assess reenabling services for stablecoins that achieve MiCA compliance at a later date.

Cryptocurrency exchanges in Europe are preparing to delist locally noncompliant stablecoins as European crypto regulations near an enforcement deadline.

Coinbase Europe, Coinbase Germany and Coinbase Custody International will delist Tether’s USDt (USDT) and five other stablecoins on Dec. 13, Coinbase told Cointelegraph on Thursday.

“Based on the latest information, we currently expect we will have to restrict services for the following assets: USDT, PAX, PYUSD, GUSD, GYEN, and DAI,” Coinbase said, referring to the coins as assets restricted by Europe’s Markets in Crypto-Assets Regulation (MiCA).

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Binance, WazirX among crypto firms evading taxes in India, says gov’t

December 4, 2024 Coin Telegraph

Binance

India has recovered $14 million in goods and services tax from crypto firms like WazirX, but Binance has yet to pay its $85 million tax evasion liabilities, the minister said.

The Indian government has detected a significant amount of unpaid goods and service taxes (GST) by major cryptocurrency exchanges, including Binance and WazirX.

India’s Minister of State for Finance, Pankaj Chaudhary, said the government has found 824 crore Indian rupees ($97 million) in GST in unpaid taxes by several crypto exchanges, The Economic Times reported on Dec. 3.

Authorities have reportedly initiated multiple related investigations into crypto exchanges, including WazirX, CoinDCX and CoinSwitch Kuber.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Trump’s likely SEC pick fuels RSR token rally to multiyear high

December 3, 2024 Coin Telegraph

advisor

The community has linked the 88% spike in the price of the Reserve Rights token to Donald Trump, who is likely to pick Paul Atkins as the next SEC chair.

The Reserve Rights (RSR) token saw a sharp increase in value as speculation built around former United States President Donald Trump’s expected nomination of a new US Securities and Exchange Commission chair.

Some members of the cryptocurrency community have linked the token’s rise to rumors that Trump may appoint former SEC Commissioner Paul Atkins, who has previously advised the Reserve Rights Foundation, the entity behind the RSR token.

Source: Henshaw Udowo

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Crypto community hopeful about new Senate leader John Thune

November 14, 2024 Coin Telegraph

Bitcoin

Not endorsed by Donald Trump, Senator John Thune defeated the Elon Musk-supported Senator Rick Scott to become the new Senate majority leader.

The cryptocurrency industry has high hopes for regulatory clarity in the United States as the Republican Party elected Senator John Thune of South Dakota as the new Senate majority leader.

Thune won the Senate majority leader race on Nov. 13, defeating the Elon Musk-endorsed Senator Rick Scott of Florida.

“We will work to make America prosperous again by streamlining the bureaucratic machine and overturning costly Biden-Harris regulations,” Thune stated in a speech after winning.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Crypto.com sues SEC to ‘protect the future of crypto’ in US

October 8, 2024 Coin Telegraph

Coin Telegraph

Crypto.com’s lawsuit against the US SEC follows the exchange’s receipt of a Wells notice from the agency.

Major cryptocurrency exchange and service provider Crypto.com is launching a legal battle against the United States Securities and Exchange Commission with the goal of protecting the future of the crypto industry in the country.

Kris Marszalek, co-founder and CEO of Crypto.com, took to X on Oct. 8 to officially announce that the company has filed a suit against the US SEC.

“This unprecedented action by our company against a federal agency is a warranted response to the SEC’s regulation by enforcement regime, which has hurt more than 50 million American crypto holders,” he wrote.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Kamala Harris finally breaks silence on crypto: Report

September 23, 2024 Coin Telegraph

Coin Telegraph

Kamala Harris has spoken publicly about crypto for the first time, pledging support for the industry while stressing consumer protections.

Kamala Harris made her first public statement amid her campaign for the United States presidency — vowing to encourage investment in artificial intelligence and digital assets during a Wall Street fundraiser.

“We will partner together to invest in America’s competitiveness, to invest in America’s future. We will encourage innovative technologies like AI and digital assets while protecting our consumers and investors,” Harris said at a fundraiser in Manhattan, Bloomberg reported on Sept. 22.

“We will create a safe business environment with consistent and transparent rules of the road,” Harris said. “We will invest in semiconductors, clean energy and other industries of the future, and we will cut needless bureaucracy.”

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Crypto execs plan to raise $100K for Harris at fundraiser: Report

September 2, 2024 Coin Telegraph

Crypto execs plan to raise 0K for Harris at fundraiser: Report

Coin Telegraph

A group of crypto industry players wants to sway Kamala Harris to soften on crypto as she maintains a slight lead in national polling over Donald Trump.

Crypto executives and industry advocate groups are reportedly planning to raise $100,000 for United States Vice President Kamala Harris in a bid to sway her toward a relaxed stance on crypto if she wins the presidency in November.

The group, which includes industry advocate body the Blockchain Foundation, is planning the fundraiser for Sept. 13 in Washington with tickets priced between $500 to $5,000, Reuters reported on Aug. 30.

The effort shows some in the industry are backing Harris over rival Donald Trump despite Harris being relatively quiet on her crypto stance compared to Trump.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Peter Schiff Expects Gold Mining to Be Best-Performing Sector This Decade — Foresees ‘Major Bull Market’

August 20, 2024 Bitcoin.com

bitcoin.com

Economist and gold advocate Peter Schiff predicts that “precious metals mining will be the best-performing sector” this decade. He highlighted that “gold mining stocks are a steal” and anticipates “a major bull market.” Additionally, Schiff cautioned that the Federal Reserve risks making a policy mistake by cutting interest rates too soon. ‘The Stage Is Set […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

IMF execs float raising crypto mining electricity prices by 85%

August 16, 2024 Coin Telegraph

Carbon Emissions

A tax on the energy used by crypto miners could cut emissions by 100 million tons a year, equal to Belgium’s emissions, say two IMF executives.

Two executives from the International Monetary Fund (IMF) say increasing the average crypto mining electricity costs globally by as much as 85% through taxes could put a huge dent in carbon emissions.

A tax of $0.047 per kilowatt hour “would drive the crypto mining industry to curb its emissions in line with global goals,” the IMF Fiscal Affairs Department’s deputy division chief Shafik Hebous and climate policy division economist Nate Vernon-Lin wrote on Aug. 15.

If accounting for miners’ local impact on health, the tax would rise to $0.089 per kilowatt hour, the pair said.

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