Criptos News

Latest news about blockchain and cryptocurrencies

Cardano Founder Charles Hoskinson Says More Damage Coming From FTX Contagion – New Regulation Coming?

Cardano founder Charles Hoskinson has warned investors that more pain is coming from the recent collapse of cryptocurrency exchange FTX. He also noted that the incident would attract more regulatory scrutiny. In his latest YouTube video, Hoskinson argued that the collapse of FTX was not the failure of crypto itself, but rather the loss of the flawed and centralized infrastructure around the platform…. Read more →

Government Official: FTX Collapse Will Not Stop Hong Kong Becoming Virtual Asset Hub

The abrupt collapse of major crypto exchange FTX has shaken the cryptocurrency markets across the world, but it wil not hamper Hong Kong’s plans of establishing itself as a crypto hub, according to the city’s Financial Secretary Paul Chan. … Read More: Government Official: FTX Collapse Will Not Stop Hong Kong Becoming Virtual Asset Hub… Read more →

Japanese Government: We’ll Take ‘All Possible Measures’ to Help FTX Japan Customers

The Japanese government has vowed that it will do all it can to protect customers of FTX’s Japanese subsidiary, FTX Japan. But the exchange has announced that its clients’ funds are safe. Nikkei quoted the nation’s Finance Minister Shunichi Suzuki as explaining that regulators had hit FTX Japan with a business suspension order, but that the government was taking steps to help the exchange’s customers…. Read more →

Former US Treasury Compares FTX Collapse to Infamous Enron Fraud – Crypto Regulation Incoming?

Former Treasury Secretary Larry Summers has compared the sudden fall of cryptocurrency exchange FTX to energy trader Enron’s scandal in the early 2000s. In a “Wall Street Week” interview with Bloomberg, he said that while “a lot of” people have compared this to Lehman, he believes it is more similar to Enron’s scandal. Read more →

New Regulations Won’t Choke Brazil’s Crypto Progress, Says Regulator

The President of the Brazilian markets regulator has claimed that efforts to police the sector will not hamper the nation’s crypto progress. Portal do Bitcoin quoted the President of the Securities and Exchange Commission (known locally as the CVM) João Pedro Nascimento as speaking at a crypto-focused event named Cryptorama in São Paulo…. Read more →

What is CeDeFi: A Beginner’s Guide to Centralized DeFi

Decentralized finance (DeFi) has grown in popularity to become a billion-dollar market that’s giving users the same financial products as in traditional finance (TradFi), plus earning additional opportunities. These are liquidity provider fees or governance tokens earned through yield farming. However, the lack of regulation in DeFi has raised a lot of concerns about criminals using protocols to launder money and finance illegal activities. Read more →

US Government Owns More Than 1% of Total Bitcoin Supply – Will They Dump It?

The US government now holds more than 214,000 bitcoin (BTC), making up over 1% of the total capped bitcoin supply. The new milestone was reached after a government announcement on Monday said it had seized more than 50,000 BTC associated with the illegal online marketplace Silk Road…. Read More: US Government Owns More Than 1% of Total Bitcoin Supply – Will They Dump It? Read more →

US Revamps Sanctions on Tornado Cash in Bid to Turn Screw on North Korea

The American government has refined its sanctions on the ethereum (ETH) mixing service Tornado Cash – in a fresh round of measures aimed at targeting North Korea…. Read More: US Revamps Sanctions on Tornado Cash in Bid to Turn Screw on North Korea… Continue reading on https://cryptonews.com/news/us-revamps-sanctions-tornado-cash-bid-turn-screw-north-korea.htm Read more →