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Weekly overview

Biden budget proposes 30% tax on crypto mining electricity usage

  • Post author:admin
  • Post published:March 10, 2023
  • Post category:Weekly overview

The tax would be phased-in at 10% per year over three years and covers electricity generated from both on and off-grid sources. United States crypto miners could eventually be subject…

Continue ReadingBiden budget proposes 30% tax on crypto mining electricity usage

Investors might have avoided FTX if the SEC had addressed Bitcoin ETFs, says BitGo CEO

  • Post author:admin
  • Post published:March 10, 2023
  • Post category:Weekly overview

According to Mike Belshe, the United States Securities and Exchange Commission’s reluctance to address a “basic” regulatory issue like the issuance of a BTC ETF could have paved the way…

Continue ReadingInvestors might have avoided FTX if the SEC had addressed Bitcoin ETFs, says BitGo CEO

NY AG sues KuCoin for selling securities and commodities without registration

  • Post author:admin
  • Post published:March 10, 2023
  • Post category:Weekly overview

New York Attorney General Letitia James says the suit is the first time a regulator has claimed that Ether is a security in court. New York state Attorney General Letitia…

Continue ReadingNY AG sues KuCoin for selling securities and commodities without registration

Blockchain.com suspends its asset management subsidiary launched in April: Report

  • Post author:admin
  • Post published:March 10, 2023
  • Post category:Weekly overview

The timing of opening the subsidiary was unfortunate, a spokesperson told Bloomberg, although the company held up to the crypto winter for quite a while. Cryptocurrency financial services company Blockchain.com…

Continue ReadingBlockchain.com suspends its asset management subsidiary launched in April: Report

Crypto industry braces for impact with Silvergate exit

  • Post author:admin
  • Post published:March 10, 2023
  • Post category:Weekly overview

Silvergate’s closure may increase risks related to banking concentration and introduce new challenges for venture capital firms, sources claim. The closure of Silvergate Bank is not a systematic risk for…

Continue ReadingCrypto industry braces for impact with Silvergate exit

CBDCs threaten our future, so it’s time to take a stand

  • Post author:admin
  • Post published:March 10, 2023
  • Post category:Weekly overview

Central bank digital currencies will give governments around the globe unprecedented power to surveil (and control) your financial activity. If the development of blockchain technology was a financial revolution, central…

Continue ReadingCBDCs threaten our future, so it’s time to take a stand

Bitcoin price drops to $20.8K as regulatory and macroeconomic pressure mounts

  • Post author:admin
  • Post published:March 10, 2023
  • Post category:Weekly overview

BTC margin and options markets are steady, even as investors run for cover as crypto and stock prices fall. Bitcoin (BTC) traders saw continued downward pressure after the 5.5% decline…

Continue ReadingBitcoin price drops to $20.8K as regulatory and macroeconomic pressure mounts
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