SEC under fire for regulation by enforcement in Kraken staking action
SEC under fire for regulation by enforcement in Kraken staking actionThe U.S. securities regulator was blasted for its ham-fisted approach to staking regulation.
Happy Friday!The global crypto market cap is $1.01 trillion with a 24-hour volume of $69.37 billion. The price of Bitcoin is $21,642.81 and BTC market dominance is 41.4%. The price of Ethereum is $1,522.43 and ETH market dominance is 18.5%. The best performing cryptoasset sector is Adult, which gained 5%.
Latest NewsSEC under fire for regulation by enforcement in Kraken staking action
The U.S. securities regulator was blasted for its ham-fisted approach to staking regulation. Ordinal Punks NFTs called out as ‘sketchy’A look into the world of Bitcoin NFTs reveals an inadequate infrastructure and strong FOMO, even for clone collections. Only 58% of American crypto investors reported tax returns in 2022 – CoinLedgerThe survey was conducted by CoinLedger in December 2022 and included 305 American adults who own or invest in crypto. Optimism sheds 10% following 11M token airdropOptimism's OP token fell 13% in the last 24 hours to $2.33 as of press time, according to CryptoSlate data. CryptoSlate Daily wMarket Update: Red day sees $49B wiped from crypto market capThe wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays. Ripple CEO praises ‘positive global regulatory developments’ happening outside USGarlinghouse praised regulators in Dubai, the U.K., Australia, Brazil, and South Korea for providing "leadership" and "clarity" for crypto firms. Paxos refutes bank charter rejection rumorsStablecoin issuer Paxos said that it has not been denied a national bank charter from the Office of the Comptroller of the Currency (OCC). Move over Hydra, OMG!OMG! is the darkweb’s latest trojan horseA new Chainalysis report finds that the whack-a-mole between law makers and the darkweb is heating up. SEC chair Gensler spins staking rules positively: “Not your keys, not your crypto”The regulatory leader said that staking rules will protect investor funds. New York Fed says Bitcoin shares most features of ‘a store of value’A new report called ‘The Bitcoin-Macros Disconnect” compares Bitcoin to gold.
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Research: BTC, ETH address momentum shows significant divergence
Thursday, February 9, 2023
The new address momentum metrics indicate a sturdy network growth for BTC while showing an opposite sentiment for the ETH network.
IRS broadens tax requirements for crypto to encompass everyone
Wednesday, February 8, 2023
The IRS said tax and reporting requirements are now mandatory for everyone who received, earned, transferred, or sold cryptocurrencies.
Turkish watchdog stretches rules and allows crypto wallets to collect aid
Tuesday, February 7, 2023
A Turkish singer convinced the country's watchdog to allow three wallets to collect funds, even though the act isn't currently legal in Turkey.
Binance is suspending USD-based bank transfers
Monday, February 6, 2023
Binance said its users' could use all other methods of buying and selling crypto, including bank transfers in other fiat currencies like Euros.
UK looks to launch digital pound by 2030, roadmap to be released soon
Sunday, February 5, 2023
The Bank of England and the Treasury believe that the UK will "likely" need a digital pound amid declining cash usage.
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