Cryptocurrency news
Musk Scraps $42B Deal to Buy Twitter, Prompting Board to Threaten Suit
Tesla (TSLA) CEO Elon Musk scrapped his $42 billion takeover deal to buy Twitter (TWTR), claiming the information provided by the social media giant was false and misleading, prompting the company to threaten to sue to enforce the agreement. Musk, in a filing with the U.S. Sec...
Crypto owners banned from working on US Government crypto policies
US government officials who privately own cryptocurrencies are now banned from working on regulations and policies that could affect the value of digital assets. A new advisory notice released by the US Office of Government Ethics (OGE) on Tuesday stated that the de mini...
Italian government will provide $46 million in subsidies for blockchain projectsly
The Ministry of Economic Development of Italy has announced that certain blockchain projects will qualify to apply for up to $46 million in government subsidies starting from September. In a Tuesday announcement, the Ministry said companies and public or private research...
Singapore's Central Bank Weighs Further Safeguards on Retail Crypto Trading
The Monetary Authority of Singapore (MAS) is considering introducing further safeguards on access to crypto among the general public, a senior government minister said. Tharman Shanmugaratnam, minister in charge of MAS, said in parliament on Monday that the central bank may "p...
USD stablecoin premiums surge in Argentina following economy minister's resignation
Argentina, a country with one of the highest crypto adoption rates in the world, saw the price of dollar-pegged stablecoins surge across exchanges on Saturday after the abrupt resignation of its Economy Minister, Martin Guzman. The minister’s shock exit, confirmed on his Tw...
Singapore Central Bank Censures 3AC for Misleading and False Disclosures
Singapore's central bank, the Monetary Authority of Singapore (MAS), reprimanded embattled hedge fund Three Arrows Capital (3AC) for misleading it with false information. MAS said the fund failed to disclose ownership information and exceeded the threshold set for assets under...
EU officials reach agreement on AML authority for supervising crypto firms
The European Council has reached an agreement to form an anti-money laundering body that will have the authority to supervise certain crypto asset service providers, or CASPs. In a Wednesday announcement, the council said it had agreed on a partial position of a proposal...
Argentina's Customs Office Seizes $21M in Crypto Mining Equipment
Argentina’s customs office seized 2,233 crypto mining rigs that it claims were improperly invoiced at about $5 million more than their actual value, reported newspaper Ámbito Financiero. According to a complaint filed by the agency on Thursday, the machines were val...
US Banking Watchdog Says Crypto Turmoil Reinforces Cautious Approach
Michael Hsu, acting chief of the Office of the Comptroller of the Currency (OCC), said the recent fireworks in the crypto industry have further cemented his resistance to allowing lenders unfettered exposure to the digital assets markets. Hsu is one of the top U.S. banking regul...
2022 bear market has been the worst on record — Glassnode
Several factors have contributed to making the current crypto bear market the worst ever recorded as most Bitcoin traders are underwater and continue to sell at a loss, according to Glassnode. Blockchain analysis firm Glassnode’s June 24 report titled A Bear of His...