Bahamas Seeks to Tighten Its Crypto Laws Following FTX Collapse

BowTiedBullPresidentBowTied JungleThe pseudonymous investor BowtiedBull explores the BowtiedJungle, where citizens swap advice on investing, job-seeking, ...BowTiedBullPresidentBowTied JungleThe pseudonymous investor BowtiedBull explores the BowtiedJungle, where citizens swap advice on investing, job-seeking, ...Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.BowTiedBullPresidentBowTied JungleThe pseudonymous investor BowtiedBull explores the BowtiedJungle, where…

A Binance executive was the main controller of five bank accounts belonging to the crypto exchange's supposedly independent U.S. unit, Reuters reported on Monday, citing bank records.Guangying Chen was authorized by the now bankrupt crypto lender Silvergate Bank to operate the accounts between 2019 and 2020, Reuters said. Binance.US had to ask Chen and her…

Crypto exchange Binance will expand its zero-free trading promotion to all trueUSD (TUSD) trading pairs starting June 30, the firm announced on Wednesday.The blog post said that traders will benefit from zero maker fees with all TUSD spot and margin trading pairs, expanding the promotion from the bitcoin (BTC)-TUSD pair. Users will also be able…

news After a four-day vote open to all token holders, users of MakerDAO’s dollar-pegged, ethereum stablecoin DAI have voted to increase the costs associated with its primary service – programmatic lending.  Finalized Thursday, the first round of voting will put in motion another vote to raise the “DAI Stability Fee” that would increase this cost to users…

NEWS Bitcoin mining giant Bitmain has denied widely circulated reports that its co-CEO, Jihan Wu, has been ousted from the board of BitMain Technologies Holding Company, the entity currently seeking to go public on the Hong Kong Stock Exchange (HKEX). The news first emerged on a Chinese cryptocurrency media site on Monday, which suggested that Wu…

As expected, the Federal Open Market Committee of the U.S. Federal Reserve Wednesday held its benchmark fed funds rate range at 5.25%-5.50%, but its economic outlook now calls for just one 25 basis point rate cut this year."In recent months, there has been modest further progress toward the Committee's 2 percent inflation objective," said the

news Jared Rice Sr., founder of crypto bank AriseBank, pleaded guilty to one count of securities fraud Wednesday in federal court The Dallas News reported Thursday that Rice, who was arrested last year, admitted to scamming investors out of $4.2 million by selling AriseCoin tokens and promising that customers would receive Visa credit cards and…

Rosie Perper is the Deputy Managing Editor for the Web3 news section, focusing on the metaverse, NFTs, DAOs and emerging technology like VR/AR. She has previously worked across breaking news, global finance, tech, culture and business. She holds a small amount of BTC and ETH and several NFTs.Crypto price tracking site CoinMarketCap is diving into…

Aug 19, 2020 at 20:21 UTCCoinDesk 20 Bitcoin Price IndexMarket Wrap: Bitcoin Sinks to $11.6K as Ether’s Gas Keeps RisingBitcoin traders are hitting the sell button. On Ethereum, DeFi is boosting fees again. Bitcoin (BTC) trading around $11,658 as of 20:00 UTC (4 p.m. ET). Slipping 2.6% over the previous 24 hours.Bitcoin’s 24-hour range: $11,613-$12,100BTC…