Coinbase leads crypto lobby surge with 3,475% spending jump since 2017
Crypto lobby spending in the US has surged 1,386% since 2017, including a huge jump in the last two years.
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The Making of the First US ICO Fraud Case
In common law systems, it is precedent that informs judicial approaches to new and previously unaddressed matters. The precedent that will likely shape the body of U.S. case law on fraudulent initial coin offerings (ICOs) is currently being forged in a federal court in the New York borough of Brooklyn, where a 39-year old entrepreneur,…

India’s Income Tax Department may soon target crypto trades and ecosystem
Indian entrepreneurs believe crypto tax laws are foundational to mainstream crypto acceptance by governments. 408 Total views 33 Total shares As the Income Tax Department of India reportedly considers taxing crypto traders and crypto exchanges soon, experts believe investors should rest assured.According to ET Now’s report, the tax department, which operates under India’s Ministry of…

Bitcoin Shows New Resilience as Markets Shake off Futures Settlement
Bitcoin futures may have expired, but even that failed to produce volatility in cryptocurrency as markets remained flat Saturday, Oct. 27.Market visualization from Coin360Data from CoinMarketCap and Coin360 confirm that the end of the trading week – and with it the payment date for CME Group’s Bitcoin futures – had essentially no effect on either…

Bitcoin Loses $7K Footing Amid Market-Wide Price Correction
Thursday, August 30: following the week’s brief uptick, crypto markets are today seeing widespread corrections, with the top ten coins by market cap losing between 1.5 and 5 percent on the day. All but 13 minor alts among the top 100 ranked cryptos are in the red, as Coin360 data shows.Market visualization from Coin360Bitcoin (BTC)…

US lawmaker calls on SEC chair to reassess stance on crypto following Ripple ruling
Rep. Ritchie Torres shares a surname with Judge Analisa Torres in the SEC v. Ripple case and referred to the XRP court ruling as the “Torres Doctrine." 707 Total views 5 Total shares New York Rep. Ritchie Torres has called on United States Securities and Exchange Commission (SEC) Chair Gary Gensler to reconsider the regulator’s…

Ethiopia takes first step toward CBDC in economic reform
The country plans to have a legal framework and regulatory sandbox in place for CBDC introduction “as necessary.”

Fed Nominee: Need for a Digital Dollar is an “Extremely Important Discussion”
Treasury Secretary Steven Mnuchin wasn’t the only one to make waves at the U.S. Senate this week when it came to the future of currency. Tom Cotton, a Republican senator from Arkansas, spoke at length regarding digital currency while addressing the cameras and a nominee for the Federal Reserve Board of Governors, Judy Shelton:“We need…

Circle to Charge Fees on US-Based Poloniex Traders’ Crypto After Dec. 16
Circle, the parent company of cryptocurrency exchange Poloniex, says it could charge United States users fees and even confiscate users’ entire balances if they do not remove their funds.In a blog post on Dec. 3, Circle warned that U.S. traders have no option but to stop using Poloniex, a policy adopted in preparation for the…