Government Policies and Cryptocurrency Adoption 59

Grayscale Wins Legal Victory Against SEC, Ramaswamy Optimistic for US Crypto Innovation

Vivek Ramaswamy, a Republican presidential candidate, has expressed optimism about Bitcoin’s prospects and views Grayscale’s recent victory as a promising indicator for cryptocurrency innovation in the United States. Ramaswamy criticized regulators, such as the Securities and Exchange Commission (SEC), describing them as a shadow government and claiming they were out of control.Grayscale achieved a significant […]

SEC Chair Gary Gensler Testifies Before Congress Amid Crypto Regulatory Debate

The Securities and Exchange Commission (SEC) Chairman Gary Gensler is set to testify before Congress twice in September, once before the Senate Banking Committee and later the House Financial Services Committee. This follows criticism from lawmakers, particularly Republicans, who have accused Gensler of taking an overly aggressive approach to digital asset regulation without providing explicit […]

Pro-Crypto Republican Francis Suarez Withdraws From US Presidential Race

Francis Suarez, the mayor of Miami, has withdrawn from the US Presidential race without providing an exact reason. He is known for his outspoken support of bitcoin and has invested some of his wealth in the digital asset. Suarez also became the first American politician to receive his salary in BTC instead of fiat currency.In […]

South Korea Rejects Motion to Expel Former DP Member Over Crypto Holdings

Kim Nam-kuk, a former member of the main opposition Democratic Party in South Korea, has been spared from expulsion after a parliamentary ethics subcommittee voted down a motion to expel him.The subcommittee rejected the proposal on Aug. 29 after the ruling People Power Party (PPP) and the DP divided evenly over the motion in a […]

Bitget EmpowerX Summit: Exploring the Potential of Crypto and Web3

Bitget, a top crypto derivatives and copy trading platform, is hosting the Bitget EmpowerX Summit in Singapore on September 12, 2023. This event will bring together innovators, creators, and visionaries to explore the potential of Crypto and Web3 and their impact on the economy. A Web3 pitching competition, in collaboration with crypto entertainment mogul HELLO […]

Google Cloud and El Salvador Partner to Digitize Country and Support Bitcoin Adoption

Google Cloud and the government of El Salvador have announced a new partnership to establish an office and provide Google Distributed Cloud (GDC) services in the country. The seven-year partnership aims to digitize the country, update government services and improve the healthcare and education systems. It will also bring infrastructure closer to where data is […]

Binance Redirects Belgian Users to Polish Branch Amid Regulatory Pressure

Binance, the world’s largest cryptocurrency exchange, has devised a strategy to retain its Belgian market following a suspension order by Belgium’s financial market regulator in June. The exchange has redirected all its Belgian users to its Polish branch, which is a registered virtual assets service provider (VASP) in the European Economic Area (EEA). Customers may […]

Grayscale Bitcoin ETF Win Sparks Debate in Crypto Community

The crypto community was delighted when the District of Columbia Circuit Court of Appeals overturned the United States Securities and Exchange Commission’s (SEC) rejection of Grayscale Investments’ Bitcoin spot ETF application. Adam Cochran of Cinneamhain Ventures and Miles Deutscher, an influencer, both expressed their enthusiasm on X. Grayscale’s chief legal officer Craig Salm acknowledged the […]

Binance Weighs Exit from Russia Amid Regulatory Pressure

Binance, the world’s largest cryptocurrency exchange, held its first Community Meetup in Yerevan, Armenia. The event comes amid reports that the crypto giant is considering an exit from Russia due to regulatory pressures from the United States and Europe. Vladimir Smerkis, the General Manager and regional director of Binance in Russia and the CIS countries, […]

DEGA and Unique Network Partner to Empower Builders on Polkadot

DEGA and Unique Network have announced a collaboration to empower builders within the Unique ecosystem. This partnership will allow builders to leverage DEGA’s Initial Stake Pool Offering (ISPO) platform for crowdfunding and community engagement on Polkadot. The Polkadot team has confirmed the collaboration and is looking forward to the upcoming Polkadot Developer Conference, sub0, which […]