Why the US is one of the most crypto-friendly countries in the world | Last Cryptocurrency News Feed

SEC chair hints at greater regulatory oversight for US crypto exchanges

Gary Gensler said a regulatory framework for digital assets from the SEC or CFTC "could instill great confidence" for investors. 5058 Total views 22 Total shares Recently confirmed U.S. Securities and Exchange Commission chair Gary Gensler punted to congress on providing more regulatory oversight to the crypto space, but also said the commission would act…

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Fed governor says CBDCs remain ‘a solution in search of a problem’

Chris Waller’s comments come after Jerome Powell said the Federal Reserve would be issuing a discussion paper on CBDCs. 96 Total views 2 Total shares Chris Waller, a member of the Board of Governors of the Federal Reserve System, seems to think it’s unnecessary for the U.S. government to develop a central bank digital currency.Speaking…

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Rocky road lies ahead, but here’s 5 altcoins that still look bullish

The United States equities markets plunged on Aug. 26 following Federal Reserve Chair Jerome Powell’s speech where he reiterated the central bank’s hawkish stance. Continuing its correlation with the equities market, Bitcoin (BTC) and the cryptocurrency markets also witnessed a sharp selloff on Aug. 26.Bitcoin has declined about 14% this month, making it the worst…

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FinCEN director warns banks about cryptocurrency risk exposure

FinCEN has warned U.S. banks that it is closely watching how they respond to crypto risk exposure with their AML programs. The U.S. Financial Crimes Enforcement Network (FinCEN) director Kenneth Blanco has warned banks to think seriously about their cryptocurrency risk exposure.During the virtual 2020 ACAMS anti-money laundering Conference in Las Vegas this week, Blanco…

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Ukraine joins the comity of crypto-friendly nations with new regulation

The legal status of cryptocurrencies remains a mixed bag of regulatory positions, depending on the jurisdiction being considered. While some countries move toward blanket prohibitions or stringent regulations, others elect to go with a more open approach to crypto.For Ukraine, the latter path appears to be the case, with the government encouraging legalized crypto operations…

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DATA Ultimatum: CoinMarketCap Requests More Information From Exchanges to Make Market More Transparent

Recently, CoinMarketCap (CMC), arguably the industry’s best-known cryptocurrency market data service, announced an initiative to provide “greater transparency, accountability, and disclosure from projects in the crypto space.” The move followed recent reports on fake volume data and wash trading among cryptocurrency exchanges that were published last month.Now, all exchanges are required to provide mandatory application…

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Bitcoin L2s set to explode as Runes congest BTC network

High transaction fees and network congestion from the Runes protocol are increasing demand for Bitcoin layer-2 solutions.

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Roger Ver Apparently Unconcerned About Coronavirus

Roger Ver, the prominent Bitcoin Cash (BCH) advocate and former CEO of Bitcoin.com, appears to think that the world’s reaction to the COVID-19 pandemic is disproportionate.In a tweet published on March 29, Ver tweeted a screenshot of statistics ostensibly comparing the global COVID-19 death toll with that of other illnesses — including seasonal flu, malaria…

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Bitcoin risks ‘exit pump’ on 3-month DXY highs as BTC price hits $68K

BTC’s price reached its highest level since late July, but US dollar strength is starting to undermine Bitcoin bulls’ confidence.

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