Crypto industry calls on Congress to block new DeFi broker rules
The new IRS rules classifying DeFi protocols as brokers have triggered a swift backlash in the crypto industry, with calls for Congress to overturn the rules.
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Bitcoin price bottom is in, says Fidelity exec as crypto market exits ‘extreme fear’
Macro comparisons suggest that there's no more room for dips on BTC/USD, suggests Jurrien Timmer. 1405 Total views 2 Total shares Bitcoin (BTC) has already hit its price bottom, one of the industry's top executives believes as BTC price action stays above $40,000.In a tweet on June 14, Jurrien Timmer, director of global macro at…

FCA releases guidance for compliance with new UK crypto asset promotion rules
The regulator has made a few efforts to help crypto firms comply with the rules that came into force on Oct. 8. 381 Total views 4 Total shares Rules for crypto asset promotion that came into force in the United Kingdom on Oct. 8 have led to some confusion, judging from the low level of

Uniswap responds to SEC Wells notice: ‘We are ready to fight’ for DeFi
The company called for supporting U.S. lawmakers in favor of the Financial Innovation and Technology for the 21st Century Act, hinting the bill could nullify the SEC’s case.

India Supreme Court Lifts RBI Ban on Banks Servicing Crypto Firms
The Supreme Court of India has struck down the Reserve Bank of India’s (RBI) controversial ban on banks’ dealings with crypto-related firms. The court’s bench of Justices Rohinton Nariman, S Ravindra Bhat, and V Ramasubramanian, delivered the judgment earlier today, March 4, litigation news site Live Law reported.Landmark rulingIndia’s central bank, RBI, had imposed a blanket…

Hong Kong crypto firms seeing interest from Chinese banks: Report
Several Chinese banks have been seeking to offer services to crypto firms in Hong Kong, despite a ban on crypto on the Chinese mainland. 350 Total views 6 Total shares Own this piece of history Collect this article as an NFTCrypto firms setting up in Hong Kong ahead of a new licensing regime for crypto…

Lending network enables transparent credit history in Africa via blockchain partnership
Creditcoin founder Tae Oh said the partnership brings them closer to their goal of giving the unbanked a fairer shot. 158 Total views 3 Total shares African mobile banking platform Aella has partnered with Creditcoin Network to make credit histories transparent by integrating all its transactions into Creditcoin’s public blockchain.In an announcement sent to Cointelegraph,…

Bitcoin price returns to troubled waters hours after Elon Musk’s BTC tweet
When Bitcoin's (BTC) price dropped 10% to $29,150 on Jan. 27, something unusual happened with the Chicago Mercantile Exchange (CME) BTC futures contracts. As the price fell, these CME Bitcoin futures traded at a 1% discount to Coinbase, which signaled a disarrangement between both markets.Good morning.Bitcoin spot has almost full retraced the weekly.CME bitcoin futs are…

Kazakhstan to let crypto exchanges open bank accounts
Exchange platforms will get an opportunity to operate legally in Astana international finance center in 2022. 92 Total views 1 Total shares In addition to its swift advances toward regulating crypto mining, Kazakhstan will launch a pilot project for crypto exchanges in the special economic zone of Astana International Finance Centre. The Ministry of Digital Development,…