Congressman Tom Emmer Accuses SEC Chair Gary Gensler Of Being A ‘Bad Faith Regulator’

Tom Emmer, a politician known for his support of cryptocurrencies, criticized Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), for his stance on regulating crypto. Emmer referred to Gensler as a “bad faith regulator” in his criticism. In an interview on Laura Shin’s Unchained podcast on April 7th, Tom Emmer expressed …

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Binance, Bybit, And Other Platforms Have Been Flagged By Japan’s FSA For Operating Without Registration

News, Policy / By Mark Davis

On Friday, Japan’s Financial Services Agency (FSA) released a warning letter stating that several foreign cryptocurrency exchanges were conducting business in the country without proper registration. The exchanges mentioned include Binance, Bybit, MEXC Global, and Bitget. According to the FSA, these exchanges have violated Japan’s fund settlement laws by conducting crypto asset exchange business without …

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Debate On Stablecoin Backing Reignited By Cardano Djed Depegging

News / By Jessica Baker

Just recently, Cardano’s new stablecoin called Djed grabbed headlines for all the wrong reasons. The stablecoin, launched with much fanfare, saw its value fall below the $1 mark, thereby losing its peg to the U.S. dollar. This event serves as a crucial reminder of the significance of having a robust regulatory framework in place for …

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Mastercard Unveils Web3 Artist Accelerator on Polygon to Support Emerging Talent

News, Policy / By John Williams

Mastercard and Polygon Join Forces to Help Emerging Musicians Leverage Web3 and NFTs for Success. The Web3 Artist Accelerator program would make it happen. Mastercard, the leading digital payments company renowned worldwide, has joined hands with Polygon. Both have announced their joint venture Web3 Artist Accelerator to help musicians and similar artists advance their careers. …

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Although The Proof Of Reserves System Is Improving, There Are Still Certain Issues To Be Resolved.

News, Policy / By Mark Davis

The benefits of active development initiatives are clear. But a compliant and well-behaved community depends on sound regulation as well. Proof of reserves (PoR) gives birth to rise from buzzword to growl in recent days. As the crypto globe attempts to bounce back from the fright and damages of the present crypto winters. Following a …

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First Cbdc Test Was Completed By Turkey’s Central Bank. More To Follow In 2023!

News, Policy / By Emily Carter

Turkey’s Central Bank Completed First CBDC Test The Central bank of Turkey completed its first CBDC test. It has a lot more additional tests to perform in 2023. The first test of CBRT Central Bank Digital Currency is now complete (CBDC). It tested Digital Turkish Lira, and has indicated intentions to carry out more trials …

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Nic Carter Delves Into Attestations From Ranks And Proof Of Reserves

News, Policy / By Jessica Baker

The top two crypto trading platforms in terms of proof of reserves scores were Kraken and BitMEX. Due to shortcomings, Binance ranks low. Bitcoin supporter Nic Carter has ranked the attestations supplied through well-known crypto trading platforms. He further published an in-depth review of centralized exchange proof-of-reserves. From various exchanges, Carter published a thorough analysis …

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In 2023, MicroStrategy Will Release Software Apps That The BTC Lightning Network Will Power

News, Policy / By Jessica Baker

According to Michael Saylor, MicroStrategy will run a new BTC Lightning Network that will go live in 2023. As per WU, one of these applications, in particular, would be a Lightning Network browser. Executive Chairman Michael Saylor in recent Twitter Spaces announced. He stated that the business intelligence company would release Lightning Network-based software products. …

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Brazil Legalizes Cryptocurrency Payments, Boosting Adoption and Investment in Digital Assets

News, Policy / By Jessica Baker

Brazil legalizes Cryptocurrency! Would it transform the investment sector? Will it accelerate the use of virtual assets and transform the industry drastically? Amidst the ups and downs of cryptocurrency, any amateur cannot permit market value. This makes Crypto a highly volatile asset. Yet investors for high returns and decentralization choose to invest in it. Recently, …

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The United Kingdom seeks to Launch a Regulatory Environment Regarding Stablecoin Payments

News, Policy / By Chloe Roberts

The HM treasury of the UK is engaged in installing a safe framework for the usage of stablecoins. The FSM Bill intends to regulate crypto acquisitions. On Friday, the United Kingdom HM treasury declared the Edinburgh reforms to push expansion and competitiveness in the economic sector. The Treasury is an abbreviation for His Majesty’s Treasury …

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