Interim Speaker McHenry’s Role in Limbo as House Struggles to Elect New Speaker

North Carolina Representative Patrick McHenry, a strong advocate for cryptocurrencies, is currently serving as the interim Speaker of the United States House of Representatives. This position was temporarily assigned to him after his Republican colleague, Kevin McCarthy, was ousted on October 4th. However, McHenry’s authority is limited to the Speaker vote and he cannot move […]

Uniswap Introduces 0.15% Swap Fee on Select Tokens, Raises Questions for Traders

Uniswap, a decentralized exchange, has implemented a 0.15% swap fee on certain tokens, sparking questions about its impact on traders. This fee change could generate daily fees ranging from $388,000 to $444,000 on Uniswap V3. Approximately 35% to 40% of the platform’s transaction volume occurs on the front end. The targeted tokens for this fee […]

European Union’s Crypto Investor Protections Delayed, Caution Urged

The European Union’s efforts to regulate the crypto industry and provide confidence to investors may take longer than expected. The transition to the Markets in Crypto-Assets Regulation (MiCA) framework, which aims to standardize regulations for crypto assets and service providers across the EU, has been delayed. The European Securities and Markets Authority (ESMA) has stated […]

ESMA Warns Crypto Investors of Risks as MiCA Implementation Delayed

ESMA, the European Securities & Markets Authority, has issued a warning to crypto investors regarding the implementation of the Markets in Crypto-Assets Regulation (MiCA). The regulatory framework, approved by the European Union earlier this year, is expected to take until December 2024 to be fully implemented. This means that crypto investors will remain at risk […]

South Korea’s Financial Supervisory Service to Introduce New Regulations for Virtual Assets

South Korea’s Financial Supervisory Service (FSS) is working on regulations to complement the Virtual Asset Users Protection Act, which was recently passed. The FSS aims to have these regulations ready by January, well in advance of the law taking effect. During an audit conducted by the South Korean National Assembly Political Affairs Committee, FSS head […]

Binance Halts New User Registrations in the UK Amid FCA Restrictions

Major cryptocurrency exchange Binance has temporarily halted the onboarding of new users from the United Kingdom. This decision comes after the exchange’s previous local partner, Rebuildingsociety.com Limited (REBS), was restricted by the UK financial regulator, the Financial Conduct Authority (FCA), from approving cryptocurrency marketing materials. Binance is now searching for a new FCA-authorized partner to […]

Cryptocurrency Creator Warns of Dangers of Central Bank Digital Currencies

Cardano creator Charles Hoskinson believes that the real battle in the digital asset space is between cryptocurrencies and central bank digital currencies (CBDCs). In an interview, he warns of the dangers of CBDCs and emphasizes the importance of decentralized crypto. Hoskinson argues that the game is not about Ethereum versus Cardano or other specific cryptocurrencies, […]

Fantom Foundation Confirms $550K Loss in $7M Attack, Employee Possibly Loses $3.4M

The Fantom Foundation has confirmed that it and its employees suffered losses in a recent attack, with a total of $550,000 worth of Fantom Foundation funds being compromised. However, the majority of the Foundation’s holdings, more than 99%, were unaffected by the attack. The Foundation also revealed that one of its employees was targeted in […]

Australian Government Proposes Licensing Requirement for Crypto Exchanges

The Australian government is proposing a new regulation that would require cryptocurrency exchanges to obtain a license from the country’s financial services regulator in order to operate. Under the proposal, digital asset intermediaries would need to obtain an Australian financial services license from the Australian Securities and Investments Commission (ASIC) to issue and deal in […]