DOJ Crypto Unit Closure Sparks Scrutiny Of Deputy AG’s Personal Crypto Stakes
The Justice Department’s move last year to shut a specialized crypto enforcement team is drawing fresh fire after six US senators pressed the deputy attorney general for answers about his personal stakes in digital assets. The lawmakers say the timing and Deputy Attorney General Todd Blanche’s holdings raise real questions about conflicts that need clear […]
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A deputy governor of India’s central bank, the Reserve Bank of India (RBI), likens cryptocurrencies to Ponzi schemes, emphasizing that they cannot be regulated. “It would be futile to regulate cryptocurrencies,” he claims, stating that they should be banned. RBI’s Deputy Governor Sees Crypto Ban as ‘the Most Advisable Choice Open to India’ A deputy governor of the Reserve Bank of India (RBI), T. Rabi Sankar, shared his view on cryptocurrency and what Indian crypto policy should be during his keynote address at the Indian Banks Association 17th....
On July 18, the most valuable cryptocurrency in terms of dollars per unit, is bitcoin which is currently trading for $31,693. Besides all the wrapped bitcoins and synthetic bitcoin pegs, the second-highest valued crypto-asset per unit is yearn finance and maker follows behind. Removing the market capitalization positions and viewing crypto assets in this way gives a user an entirely different perspective. A Look at the Top Digital Currencies by Price per Unit At the time of writing, there are only two crypto assets worth five-digits in USD value and only two worth four-digits. Looking at....
Ethereum’s (ETH) performance has come under sharp scrutiny following claims by a leading crypto pundit that the network is “dying.” The remakes surfaced after fresh data revealed a staggering decline in ETH’s revenue and core fundamentals, raising questions about its long-term sustainability despite price milestones. Ethereum Revenue Decline Sparks “Dying” Narrative Messari Crypto Enterprise Research […]
OKX, a prominent global cryptocurrency exchange, has decided to discontinue services in Nigeria. This move comes amidst a backdrop of increasing regulatory scrutiny in the country. Starting from August 16, 2024, Nigerian users will no longer be able to initiate new trades or access other services provided by OKX. This decision marks a significant shift […]
The U.S. Securities and Exchange Commission (SEC) has nearly doubled the size of its Enforcement Division’s crypto unit. SEC Chairman Gary Gensler said the regulator “will be better equipped to police wrongdoing in the crypto markets while continuing to identify disclosure and controls issues with respect to cybersecurity.”
SEC Strengthens Enforcement Division’s Crypto Unit
The U.S. Securities and Exchange Commission announced Tuesday that it has nearly doubled the size of the Division of Enforcement’s unit “responsible for protecting....