FTX goes up in flames and impacts broader crypto industry, causing regulators...
Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This WeekFTX and Binances ongoing saga: Everything thats happened until nowAn earthquake rattled the crypto space this week, its impact felt in numerous related stories regarding FTX, Alameda Research and Binance. Although the bad news came rolling in this week, suspicions relating to FTXs status appear to have started on....
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Regulators in the U.S. and U.K. have met to discuss broader crypto regulatory initiatives. They reaffirmed their commitment to “continued cooperation to support safe financial innovation, as well as to strengthen regulatory outcomes for stablecoins across jurisdictions.”
US and UK Regulators Collaborate on Crypto Regulation
The U.S. Department of the Treasury published a joint statement last week on the U.K.-U.S. Financial Regulatory Working Group.
The group held a meeting on July 21. Participants included officials and senior staff from HM....
The crypto industry and regulators need time to collaborate on better regulations. Jeremy Allaire, CEO and co-founder of peer-to-peer payments firm Circle, sent a letter to senior staff of the United States Department of the Treasury on Dec. 9, appealing for regulators to collaborate with the industry in adopting crypto regulations. Allaire warned U.S. regulators that some of its proposed rules pose a direct risk to the country’s competitiveness and could potentially trigger unintended consequences around crypto and blockchain-related use cases.The exec specifically referred to a new....
Over the past years, Bitcoin has raised concerns on the environmental impacts of crypto mining, and as the Lightning Network and other crypto innovations come to life, the time has come when they have figured out some solutions to the question… how will Bitcoin work when environmental impacts are mitigated? “Crypto Has A Carbon-Intensity Problem” […]
Bitcoin has been causing the entire crypto market to see some uncertainty, which has had grave impacts on Ethereum and many other altcoins Ethereum is now consolidating alongside the benchmark crypto as it trades within the $350 region Where it trends next will likely depend on whether Bitcoin breaks out, or breaks down, from its range between $10,600 and $10,800 One analytics platform is noting that data shows Ethereum’s social volume is crashing at the […]
Twenty-three U.S. lawmakers have called on the U.S. Environmental Protection Agency (EPA) to increase oversight of cryptocurrency’s environmental impacts. “We request that the EPA evaluate ‘Proof-of-Work’ mining facilities’ compliance with environmental statutes,” they said.
Lawmakers Want More Oversight of Bitcoin Mining Industry
U.S. Representative Jared Huffman (D-CA) and 22 other Congress members jointly sent a letter to Environmental Protection Agency (EPA) Administrator Michael Regan regarding cryptocurrency mining operations....