Coinbase Fixes Technical Issue Preventing Payments And Withdrawals For Customers With U.S. Bank Accounts
America’s biggest crypto exchange, Coinbase, has announced that the technical issues causing temporary payment and withdrawal difficulties for customers with U.S. bank accounts has been fixed. Coinbase Suffers Transaction Downtime On Sunday, October 2nd, Coinbase users with U.S. bank accounts were rendered unable to make payments or withdrawals from their accounts due to technical difficulties. […]
Jerome Powell Urges Broader Regulation For Stablecoins
During a virtual conference in which ECB President Christine Lagarde also participated, the Federal Reserve Chairman offered his opinion on stablecoins. Powell acknowledged that interest rate hikes this year contributed to the crypto winter. The president of the US central bank said that the Fed has not yet decided when it will make a decision […]
El Salvador’s Bitcoin decision: Tracking adoption a year later
El Salvador made history last year in September by making BTC a legal tender. One year later, the falling BTC prices and delayed Volcanic bonds have fueled skepticism. This post was originally published on this site
JPMorgan CEO James Dimon Calls Crypto “Decentralized Ponzi Schemes”
“I’m a major sceptic on crypto tokens, which you call currency, like Bitcoin,” James Dimon, CEO of JPMorgan Chase, a New York-based multinational investment bank, said in congressional testimony, where he was asked what keeps him from being more active in the crypto space. “They are decentralized Ponzi schemes,” said Dimon, as he stated strong […]
Algorithmic Stablecoins Could Be Banned For Two Years, According To U.S. Bill
The bill, which will be discussed in the House of Representatives next week, outlines a series of steps to be undertaken before the issuance and circulation of Terra-like stablecoins is approved. The launch of any new stablecoin project in the country would also be subject to prior approval by U.S. regulators. Algorithmic stablecoins similar to […]
Coinbase CEO Brian Armstrong Speaks Out Against Regulations
Brian Armstrong, the co-founder & CEO of U.S. crypto exchange Coinbase, took to Twitter to express his opposition to crypto regulations. Armstrong tweeted: “Regulation by enforcement has a terrible chilling effect, and rhetoric matters – we’ve already seen a huge amount of crypto talent, asset issuers, and startups go offshore.” One of the strongest policy […]
SEC Implies That All Ethereum (ETH) Transactions Fall Under U.S. Jurisdiction
The United States Securities and Exchange Commission has again sparked controversy in the crypto world after making the bold claim that the U.S. government has jurisdiction over all Ethereum (ETH) network transactions. In a civil lawsuit against crypto influencer Ian Balina, the SEC stated: “The U.S.-based investors in Balina’s pool irrevocably committed to the transaction […]
Ripple (XRP) General Counsel Slams SEC For “Crossing Legal Boundaries”
The United States Securities and Exchange Commission’s (SEC) lawsuit against blockchain payment service provider Ripple (XRP) has reached a pivotal point as both parties submitted independent motions for summary judgement, seeking a long overdue end to the case. Following news of the filing, Stuart Alderoty, Ripple’s General Counsel, went on the attack, saying: “Today’s filings […]
SEC Chair Gary Gensler Hints At PoS Coins As Potential Securities
The Ethereum (ETH) blockchain’s long-awaited upgrade may already be at the root of controversy as Chairperson of the U.S. Securities and Exchange Commission Gary Gensler stated that cryptocurrency issuers and intermediaries that allow holders to “stake” their coins may meet key criteria used by courts to determine whether an asset is a security, the Wall […]
Coinbase Rates Politicians On Crypto-Friendliness Ahead Of U.S. Midterm Elections
Coinbase, a popular American publicly traded company that operates a cryptocurrency exchange platform, has released a new feature of a scorecard for politicians, assessing each one of them on their political friendliness. Brian Armstrong, co-founder and CEO of Coinbase, tweeted, “Starting today, Coinbase will begin integrating our crypto policy efforts right into our app. These […]