Crypto firms brace for intensified SEC, CFTC action after regulator warning

Patrick Harker, president of the Federal Reserve Bank of Philadelphia, is confident that central bank digital currencies are inevitable.As Reuters reported on Oct. 2, Harker expressed the idea that central banks — including the Federal Reserve — will inevitably release digital currencies. Still, Harker believes that the United States should not lead the way, given the…

The conversation occurred at a banking committee meeting with Consumer Protections director Rohit Chopra. 310 Total views 4 Total shares U.S. Senator Bill Hagerty (R-VA), who was elected in 2020 to represent Tennessee after a stint as Ambassador to Japan, spoke to newly appointed Consumer Financial Protection Bureau Director Rohit Chopra regarding cryptocurrencies in a…

Name: Wendy O Anonymous: No Twitter followers: 330,000Known for: crypto commentary, shitposting, trading analysis and community initiatives Who is Crypto Wendy anyway?  Wendy is a former healthcare professional turned crypto trader and content creator, or what she describes as a “YouTube shock jock.”  While the switch from health to crypto came about due to a number of…

Peer-to-peer Bitcoin trading is surging in India, with P2P crypto marketplace Paxful reporting significant increases in Indian volume and account registration. 352 Total views 36 Total shares Peer-to-peer Bitcoin (BTC) marketplace Paxful has reported significant increases in Indian trade volume as the country’s regulatory climate warms to crypto.Speaking to Cointelegraph, Paxful CEO Ray Youssef revealed…

China has no specific launch date in mind for its digital currency, its central bank has said in fresh comments contradicting previous statements.Central bank governor: We need time to researchAs local English-language news outlet Global Times reported on Sept. 24, the People’s Bank of China (PBoC) has now denied Beijing is ready to debut its…

Luxury automobile retailer Post Oak Motor Cars is reportedly the first Rolls-Royce, Bentley and Bugatti dealership in the U.S. to accept Bitcoin (BTC) and Bitcoin Cash (BCH) as payment, according to an official press release published September 5.The luxury auto retailer, owned by American businessman Tilman Fertitta, has integrated crypto payment service provider BitPay to…

Leading blockchain intelligence firm Chainalysis has found that the COVID-19 pandemic and global economic contraction is affecting Bitcoin (BTC) consumer habits in surprising ways.In a new report published on March 30, Chainalysis details how Bitcoin spending trends in three areas — merchant services, gambling and darknet marketplaces — have changed, or even reversed. Weakening correlation could…

Staking has been used fluently to describe several actions within the world of crypto, from locking your tokens on a decentralized finance (DeFi) application or centralized exchange (CEX) to using tokens to run a validator node infrastructure on a proof-of-stake (PoS) network.PoS is one of the most popular mechanisms that allows blockchains to validate transactions…

The contributor, “hoak,” said their actions were due to a “crippling gambling addiction” and “psychological factors that went by unchecked.”