The measure received 535 votes for with 57 against and 60 abstentions in a plenary session.
Bitcoin at $25K: Discount or disaster?
This week, The Market Report discusses Bitcoin’s recent dip below $25,000 and what it means for the near future. Was it a discount or a disaster?
OneCoin co-founder Greenwood gets 20 years in US jail for fraud, money laundering
Karl Greenwood will also have to pay back the $300 million he made in commissions in the OneCoin pyramid scheme.
NYU law professors argue ‘personal growth bets’ using smart contracts should be legal
The duo’s paper says self-contracts can help a user quit smoking or lose weight, but incentives such as putting a bomb in one’s own skull would surely test the limits of the law.
PayPal enables US users to sell cryptocurrency via MetaMask wallet
PayPal continues expanding its digital asset services, integrating new methods to sell cryptocurrencies like Bitcoin.
Former Celsius CEO Mashinsky seeks dismissal of FTC case
The former Celsius CEO is currently out on bail facing multiple charges of criminal fraud and market manipulation from various U.S. regulatory agencies.
Blockchain could authenticate AI as crypto racks up court victories: Rep. Emmer
U.S. Rep. Tom Emmer told an audience at Permissionless II that things are looking up for crypto and it’s time to concentrate the narrative on innovation.
XRP bucks trend as crypto assets experience 4th straight week of outflows
Solana slid into the outflow column this week as Bitcoin’s outflows streak continued.
India working on 5-point crypto legislation as ban is ruled out
Indian crypto platforms could attain similar status as authorized dealers (similar to banks) under the guidelines of the Indian Central Bank RBI.
AI token trading volume steady amid Worldcoin buzz — Kaiko
The data revealed an increase in the trading volume of AI tokens in August, reaching approximately $870 million, up from $570 million at the close of July.
Terra Luna Classic contemplates deposit hike to curb spam proposals
This measure is intended to counteract the influx of “spam” and irrelevant proposals submitted for voting within the Terra Luna Classic community.
Ripple’s CLO calls SEC’s latest filing “Hypocritical Pivot”
He pointed out that Gensler had requested an urgent appeal while simultaneously asserting that crypto regulations and rules were clear and must be adhered to by the industry.
Rep. Tom Emmer seeks amendment to limit SEC’s crypto oversight
Emmer intends to introduce an appropriations amendment that will limit the SEC’s utilization of funds for digital asset enforcement until comprehensive rules and regulations are implemented.
Blockchain Association responds to US lawmakers’ request for crypto tax guidance
Lawmakers with the U.S. Senate Financial Services Committee announced in July they would be accepting suggestions on how to tax crypto until Sept. 8.
The Fed could lose $100B — Does this spell catastrophe for Bitcoin?
On the latest episode of “Macro Markets,” Marcel Pechman explains the potential implications for crypto of the Federal Reserve losing $100 billion.
DeFi enforcement sparks dissenting opinion from CFTC commissioner
The commissioner advocates public and stakeholder engagement through rulemaking, not just enforcement.
Turkish crypto exchange Thodex CEO gets 11,000-year sentence for $2B scam: Report
The Thodex founder fled the country in 2021 only to be detained in Albania in August 2022 and extradited to Türkiye in April 2023.
Blockchain could have prevented Nigeria’s naira scarcity — Local experts
According to Christopher Eniayemo, the decision to print new naira notes could have occurred via DeFi, involving Nigerians and aiding readiness for the change.
Africa’s blockchain journey begins with poverty alleviation – CEO Sumotrust
Africa must erase the poverty in general and help people into the middle class in order to drive faster blockchain technology incorporation.
CFTC commissioner calls for crypto regulatory pilot program
Commissioner Caroline Pham called for the pilot program to kick off with a stakeholder roundtable and for the CFTC to propose and adopt rules on the risks retail investors face.