California county to regulate Bitcoin ATMs backed by state laws
Chico, California, looks to state and local regulations to oversee Bitcoin ATMs, aiming to limit fraud and ensure transparency.
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Binance dubs barred Russian banks on its platform as ‘Yellow’ and ‘Green’ cards
Binance’s peer-to-peer (P2P) cryptocurrency exchange in Russia has continued facilitating transactions through sanctioned banks like Rosbank after denying relationships with “any banks.”On Aug. 23, multiple local news sources reported that Binance P2P has renamed some of its troubled payment options for withdrawals and deposits, namely the sanctioned Russian banks like Tinkoff and Rosbank.The P2P exchange…

Ethereum’s Shanghai upgrade could supercharge liquid staking derivatives — Here’s how
The crypto market witnessed the DeFi summer of 2020, where decentralized finance applications like Compound and Uniswap turned Ether (ETH) and Bitcoin (BTC) into yield-bearing assets via yield farming and liquidity mining rewards. The price of Ether nearly doubled to $490 as the total liquidity across DeFi protocols quickly surged to $10 billion.Toward the end…

UK should tax crypto buyers to boost stock investing, economy, says banker
The UK should begin taxing crypto purchases in a bid to sway Britons to invest in local stocks, which could boost the country’s economy, says the chair of investment bank Cavendish, Lisa Gordon. “It should terrify all of us that over half of under-45s own crypto and no equities,” Gordon told The Times in a

Experts explain what ‘Big Short’ Michael Burry’s stock exit means for crypto
Michael Burry, the investor who famously shorted the 2008 housing bubble, has dumped nearly all the stocks in his portfolio during Q2, suggesting there may be carnage ahead for stock and crypto markets. According to a 13F disclosure filed with the Securities and Exchange Commission (SEC) on Aug. 15, Burry’s hedge fund Scion Asset Management…

Law Decoded: Insurrections, transitions, monitoring transactions and 2021, Jan. 1–8
Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.Editor’s noteJanuary takes its name from Janus, the god of transitions and the guardian or the gates of Rome, looking always forward and backwards.So while this has been going on for over two millennia, only a week…

Xiaomi India needs regulatory clarity to embrace crypto, says exec
According to Xiaomi India managing director Manu Jain, cryptocurrency is an “extremely interesting” area that is doing “exceptionally well.” 149 Total views 4 Total shares Xiaomi India — the subcontinent's branch of the major mobile phone manufacturer — is interested in the cryptocurrency industry, but needs regulatory clarity from the government.The firm's managing director, Manu…

Record-high inflation prompts investors to take a closer look at Bitcoin
Cryptocurrency values are up, but so is the price of everything else in the United States! Investor curiosity in BTC grows as data shows U.S. inflation rose to a 30-year high. 715 Total views 24 Total shares Consumers in the United States and around the world continue to feel the pinch of inflation and recent…

Deribit hackers move stolen Ether to Tornado Cash crypto mixer
The Deribit hot wallet hacker has transferred 1,610 ETH (over $2.5 million) to Tornado Cash, according to data from the Ethereum block explorer Etherscan. 126 Total views 3 Total shares In the aftermath of the $28 million Deribit hack, the unknown exploiter is moving stolen funds using the decentralized cryptocurrency mixer, Tornado Cash.The Deribit hot…