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Showing posts with the label regulation

Binance listing fee drama goes nuclear

Binance’s help desk has deleted what it called an “excessive” response to a tweet from Limitless Labs CEO CJ Hetherington after he claimed that it attempted to charge him 8% of his Limitless supply, along with $2.45 million in extra payments, to list the token on the exchange. Hetherington, who runs Limitless on Coinbase’s Base, also suggested that Binance, and its favorite founders and affiliates, were dumping on users. In its response, Binance’s help desk fired back, calling Hetherington’s allegations “false and defamatory,” and claiming “Binance does not charge listing fees.”  offer from @binance: > 1% airdrop on day 1, alpha listing > 3% further airdrops in 6 months > 1% for "marketing" at Binance full discretion > provide 100% of TVL for token pool on Pancake Swap ($1M+) > $250k security deposit > 3% reserved for BNB HODLer programme > $200k… — CJ (@cjhtech) October 14, 2025 Hetherington says he didn...

SEC confirms end of XRP lawsuit

After five years, the long-running Ripple v. the United States Securities and Exchange Commission (SEC) has finally been laid to rest. According to Commissioner Hester Pierce, the SEC can now redirect its efforts toward creating a clear regulatory framework for the U.S. crypto industry. Pierce’s attitude was echoed by SEC Chairman Paul Atkins, who added in a social media post that the agency would also focus on fostering innovation while protecting investors. Commissioner Peirce is right. With this chapter closed, we now have an opportunity to shift our energy from the courtroom to the policy drafting table. Our focus should be on building a clear regulatory framework that fosters innovation while protecting investors. #ProjectCrypto — Paul Atkins (@SECPaulSAtkins) August 11, 2025 The broader market, however, appears most interested in potential new spot XRP ETFs, with Canary Capital CEO Steven McClurg even suggesting that they could outperform Ethereum (ETH...

$2 Trillion in Dollar Stablecoins: US Treasury Backs the Surge

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Dollar stablecoins could reach $2 trillion in market cap as the US Treasury actively supports legislation to boost stablecoin adoption. Treasury Secretary Scott Bessent projects this massive growth will strengthen crypto regulation and drive DeFi growth worldwide. The GENIUS Act creates the regulatory framework needed for dollar stablecoins to cement America’s digital currency dominance. Also Read: Circle and Matera Join Forces to Power Global Stablecoin Use Stablecoin Adoption, Regulation, And DeFi Growth In A $2T Market Source: Watcher.Guru Treasury Secretary’s $2 Trillion Vision Treasury Secretary Scott Bessent has made ambitious estimates of dollar stablecoins, and he is focusing on how they could revolutionize international finance today. The US Treasury faces a huge potential in facilitating the adoption of stablecoins by establishing a comprehensive regulation of crypto assets. At the time of writing, Bessent has been quite vocal about his projections. During recent S...

Expert Insights: Trump's Policies to Skyrocket Bitcoin to $100K in 2025

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Bitcoin reaching a record high of $76,480 after Donald Trump’s victory over Kamala Harris has reshaped the cryptocurrency market outlook. Looking at these numbers today, it’s the kind of price prediction that seems almost unreal – we’re talking about Trump’s policies potentially driving Bitcoin growth beyond $100,000 by 2025. Pretty wild for a digital asset, right? Also Read: Shiba Inu: $10, $100, or $1,000 at $0.0000000013 Grows 5,560,000% How Trump’s Policies Could Propel Bitcoin to New Heights Strategic Bitcoin Reserve Initiative Looking at the immediate aftermath of Trump’s win, Senator Cynthia Lummis dropped some major news about U.S. Treasury plans. Here’s where it gets interesting – they’re looking to treat Bitcoin like they handle strategic oil reserves, the same way Biden managed 180 million barrels back in 2022. WE ARE GOING TO BUILD A STRATEGIC BITCOIN RESERVE — Senator Cynthia Lummis (@SenLummis) November 6,...

Underground crypto mining farms uncovered in Russia’s Dagestan

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Given Russia’s recent pivot toward cryptocurrency adoption at the government level, one might assume that the era of underground digital asset operations is over in the country. Recent developments have, however, proven that exactly the opposite may be happening and that some cryptocurrency mining operations have gone from being metaphorically underground to being literally beneath the surface. To be precise, the authorities in Russia’s Republic of Dagestan have recently showcased a sophisticated cryptocurrency facility dug into the ground, according to a September 24 Reuters report. Picks for you Billionaires are dumping Nvidia stock to buy this Index Fund  24 mins ago Cryptocurrency trader turns $135 into $1.2 million in 15 days ...

Crypto Stories: Charlie Shrem tells how he became a Bitcoin millionaire

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Shrem made a fortune off his Bitcoin payment service, BitInstant, but then went to prison for alleged money laundering. Charlie Shrem went from running a small online business to becoming a Bitcoin millionaire and making the cover of Forbes magazine. And then, he went to prison. In the latest episode of Cointelegraph’s Crypto Stories , Shrem tells the story of how he founded BitInstant, grew it into a multimillion-dollar Bitcoin empire, an then was arrested for his role in it. Shrem’s first business was an e-commerce site that only charged $5 shipping per item. The idea was his cousin’s, but Shrem used his coding skills to create the actual site. The business sold lights, toothbrushes, razors, and other assorted items. In his free time, Shrem hung out on online message boards. That’s where he found out about Bitcoin. At the time, the only way to buy Bitcoin was to wire transfer large amounts of funds to Mt. Gox, and it took a week for the deposit to clear within the banking system. ...

Appeals court rejects Sam Bankman-Fried’s bid for release

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The court cited Sam Bankman-Fried’s alleged witness tampering as the main grounds for rejecting his release bid. FTX founder and convicted fraudster Sam Bankman-Fried will stay jailed after failing to convince a United States appellate court that he should be freed while his legal team appeals his conviction. In a Nov. 21 mandate, the U.S. Court of Appeals for the Second Circuit said Bankman-Fried’s previous attempts to tamper with two witnesses while on pretrial release was a major reason behind rejecting his request. “We have reviewed the Defendant-Appellant’s additional arguments and find them unpersuasive,” the court said. Bankman-Fried’s release motion was rejected by a U.S. appeals court. Source: Courtlistener Government prosecutors accused Bankman-Fried of leaking Caroline Ellison’s diaries to The New York Times in July, which caused his bail to be revoked by a New York District Court. Bankman-Fried argued the New York court failed to consider that he was engaged in activity...

U.S. DOJ seeks $4b settlement from Binance, CEO may face criminal charges

The U.S. Department of Justice proposes a $4 billion settlement with Binance, potentially implicating founder Changpeng Zhao in a landmark case involving allegations of money laundering and sanction violations. The U.S. Department of Justice (DOJ) is reportedly in advanced stages of finalizing a significant financial settlement with Binance. This settlement , potentially exceeding $4 billion, aims to conclude the lengthy investigation into alleged financial misconduct by the company – according to reports from Bloomberg.  Key aspects of the investigation include accusations of money laundering, bank fraud and breaches of U.S. sanctions. Central to these allegations is Changpeng Zhao, the founder and CEO of Binance, who may personally face criminal charges in the United States. Zhao is currently residing in the United Arab Emirates, a nation with no U.S. extradition treaty. US SEEKS MORE THAN $4B FROM BINANCE TO END CRIMINAL CASE — *Walter Bloomberg (@DeItaone)...

Bitcoin ETF approval nearing, but brace for more setbacks: BitGo CEO

In a recent interview with Bloomberg, Mike Belshe, CEO of crypto exchange BitGo, stated that market structure needs to improve before the U.S. SEC will grant approval for Bitcoin ETFs. Mike Belshe, CEO of cryptocurrency exchange BitGo, has suggested that all indications are leaning towards a favorable outcome for a spot Bitcoin (BTC) exchange-traded fund (ETF). However, he emphasized that the journey ahead won't be without challenges. In an interview with Bloomberg on November 16, Belshe explained that based on the discussions taking place between firms seeking Bitcoin ETF approval and the United States Securities and Exchange Commission (SEC), he holds an optimistic view that approval is imminent. However, he pointed out that improving the market structure is a prerequisite before the SEC grants ultimate approval for a Bitcoin ETF: “I think it is quite likely we have another round of ETF rejections before we get the positive news.” Belshe reiterated the SEC's stance on sep...

Bank of England releases stablecoin regulation plan

The UK is setting new regulations for stablecoin s and the wider cryptocurrency market, aiming to enhance financial stability and consumer protection while fostering innovation. The Bank of England (BOE), working with the Financial Conduct Authority (FCA), is rolling out a plan to manage the stablecoin market—cryptocurrencies that are usually tied to a stable asset like the British pound. This move comes right after the UK government shared its own rules for overseeing digital currencies. JUST IN: Bank of England proposes allowing stablecoin s as a payment option for goods and services. — Watcher.Guru (@WatcherGuru) November 6, 2023 By early 2024, the BOE will start regulating stablecoins that are essential to the payment systems, while the FCA will handle the rest of the crypto market. This decision is part of a bigger picture where the UK, under Prime Minister Rishi Sunak, wants to become a key player in the world of crypto. The BOE is focusing on stablecoin s because th...

Bittrex secures court approval to wind down US operations

Seattle-based cryptocurrency exchange Bittrex has received court approval to proceed with its revised bankruptcy plan, aimed at winding down its operations in the United States. On Sep. 30, Judge Brendan Shannon approved the company’s liquidation plan during a hearing in Delaware, aimed at repaying the remaining creditors, according to court filings. “As stated on the record at the hearing, the Court ruled that it would enter a revised Proposed Order, which resolves the SEC’s informal comments.” SEC filing Bittrex initially filed for bankruptcy protection in May, shortly after facing charges from the SEC for operating an unregistered securities exchange. The SEC also accused Bittrex of collaborating with crypto asset issuers to remove statements that could have prompted an investigation into whether these assets should be classified as securities. The exchange chose to shut down its U.S. operations and return assets to customers in the wake of the SEC...

Crypto donations raised by Hamas ‘remain tiny,’ says Elliptic

Elliptic’s statement was framed as a rebuttal to recent articles and letters circulating among the media and U.S. lawmakers this month. Blockchain forensic firm Elliptic says there’s “no evidence” that Hamas is receiving a significant volume of cryptocurrency donations to fund its attacks against Israel. “There is no evidence to support the assertion that Hamas has received significant volumes of crypto donations ,” Elliptic said in an Oct. 25 statement. The amounts raised “remain tiny,” the firm added. Elliptic’s statement was framed as a rebuttal to recent articles and letters written by The Wall Street Journal and United States lawmakers, which the firm says had misinterpreted data to make the case that cryptocurrency is widely used to fund Hamas’ "terrorist” activities. As an example, Elliptic pointed to a “prominent” Hamas cryptocurrency fundraising campaign, operated by Gaza Now, a pro-Hamas news outlet, which has only raised $21,000 since the Hamas attack on Israel on O...

Community reacts to SEC dropping XRP case and LBRY shutdown

While celebrating a new court win in Ripple’s legal battle with the SEC, the community mourns the demise of LBRY, which some say was “regulated to oblivion.” Ripple’s new win in the legal battle against the United States securities regulators has been marred for crypto enthusiasts by news of the blockchain platform LBRY shutting down operations, which has triggered the community to react . The U.S. Securities and Exchange Commission (SEC) announced its intention to dismiss all claims against Ripple CEO Brad Garlinghouse and executive chair Chris Larsen on Oct. 19. The event marked a significant legal win for Ripple in the civil case filed by the SEC in late 2020. On the same day, LBRY, a major blockchain file-sharing and payment network, announced the termination of its operations, citing “several million dollars” in debts owed to the SEC, its legal team and a private debtor. LBRY’s creators are known for building Odysee, an open-source video-sharing website that uses the network, aim...

Hong Kong official states retail stablecoins trading not yet allowed

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Hong Kong official reinforces that retail investors cannot trade stablecoins until they are regulated, likely in 2024. This follows that the virtual asset trading platform JPEX has come under suspicion for its alleged involvement in a conspiracy to commit fraud. Hong Kong’s security concerns Hui Ching-yu, Hong Kong’s Secretary for Financial Services and the Treasury, addressed these concerns during an interview on the Investment Committee program on Oct. 6.  In the interview, he goes on to state the seriousness of the fraud case involving JPEX and how this underscores the need for enhanced supervision for virtual asset trading . He also states that service providers have been using stablecoins like USDT on a broad scale. However, some of these stablecoins have experienced volatility issues in the past. You might also like: Hong Kong Stock Exchange launches smart contract-powered settlement platform Because of these reasons, Hui shares, retail trading of s...

Uzbekistan introduces new crypto mining regulations

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The National Agency for Perspective Projects (NAPP) of Uzbekistan has issued a decree outlining updated requirements for cryptocurrency mining within the country. Uzbekistan’s regulatory body, the National Agency for Perspective Projects (NAPP), has released a decree detailing the requirements for cryptocurrency mining in the country. The document highlights several key changes and clarifications in the regulatory framework. The decree states that only legal entities will be permitted to engage in cryptocurrency mining , disallowing individual operations. This directive is consistent with previous documents issued by the local government, such as the one in April 2022 signed by President Shavkat Mirziyoyev, which highlighted the same prohibition for local residents regarding cryptocurrency transactions and mining . Regarding energy sources, the NAPP specifies that companies should predominantly use solar power for their mining operations. However, the document also menti...

Fuse CEO Mark Smargon says blockchain payments apps will rival Visa, not Ethereum

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Mark Smargon, CEO of Fuse, explains how blockchain-powered payments can fix the “broken traditional payment system.” Episode 16 of Hashing It Out explores one of the most popular cryptocurrency use cases: payments. Mark Smargon, CEO of Fuse, joins host Elisha Owusu Akyaw to discuss various Web3 payment solutions and how Fuse contributes to businesses’ adoption of cryptocurrency payments.  Smargon explained that the payment network’s strategy involves looking beyond investments to focus on everyday use cases like payments, which will likely bring more sustainable adoption. Despite the goal, Smargon recounted the difficulty in convincing people and investors that businesses would adopt blockchain payments when starting Fuse in 2019. Smargon further explained that Fuse is not competing with Ethereum but with Visa and Stripe, and that it’s intended to be the main payment layer for global transactions. On whether the battle of adoption will be won by a few blockchain networks, Smargon m...

EU finalizes controversial smart contract kill switch rules under Data Act

The Data Act was first proposed in early 2022 and passed by the European Parliament on March 14. European Union (EU) lawmakers have reached an agreement to move ahead with the controversial European Data Act, which has previously drawn criticism from the crypto community. The deal was confirmed by the EU’s Commissioner for Internal Markets, Thierry Breton, in a tweet calling it a “milestone in reshaping the digital space.” Another deal! ⁰Tonight’s agreement on the #DataAct is a milestone in reshaping the digital space. Thanks to the swift work of the EP @delcastillop & the Council Presidency, we are on the way of a thriving data economy that is innovative & open — on our conditions. pic.twitter.com/vTWUU8xTx9 — Thierry Breton (@ThierryBreton) June 27, 2023 The European Parliament passed the Data Act on March 14, but negotiations among EU lawmakers on the bill’s final version have been ongoing. The act is focused on the fair use of industrial data and removing barri...