Crypto Updates – Page 31 – WORLD CRYPTO BUSINESS

G7 Finance Leaders Call for Swift and Comprehensive Crypto Regulation

[ad_1] The G7 finance ministers and central bank governors have called for a swift and comprehensive regulation of crypto assets. The G7 decision followed the recent crypto market turmoil, including the collapse... Read more »

SEC Chair Gensler Warns a Lot of Crypto Tokens Will Fail Following LUNA, UST Collapse

[ad_1] The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that a lot of crypto tokens will fail and many crypto investors will get hurt following the... Read more »

Cyprus Drafts Crypto Rules, May Introduce Them Before EU Regulations

[ad_1] Cyprus has prepared its own legislation to regulate crypto assets and is likely to adopt it before Europe finalizes a common regulatory framework, a government official has indicated. The authorities in... Read more »

Panama President Mulls Crypto Bill Approval Due to Money Laundering Concerns

[ad_1] The president of Panama, Laurentino Cortizo, has declared he will not sign the recently approved cryptocurrency bill passed by the National Assembly of the country in its current form. Cortizo stated... Read more »

Despite Criminalizing Mining, Abkhazia Uncovers Another Crypto Farm

[ad_1] Even after introducing fines and criminal liability for cryptocurrency mining, Abkhazia continues to find underground facilities for digital currency extraction. This week, law enforcement officials have confiscated dozens of mining devices... Read more »

Bank of England’s Cunliffe Warns Crypto Will See Tough Times as Federal Reserve Tightens Financial Conditions

[ad_1] Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned of hard times ahead for cryptocurrency investors as the Federal Reserve and other central banks tighten monetary policy.... Read more »

Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid Scheme

[ad_1] Chinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data Chain (MDC) pyramid scheme. The pyramid is thought to have... Read more »

Study: Amid Mining Bans, China Still Commands World’s Second-Largest Share of Bitcoin Hashrate

[ad_1] New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China... Read more »

Indian Regulator SEBI Proposes Banning Public Figures From Endorsing Crypto Products

[ad_1] The Securities and Exchange Board of India (SEBI) has reportedly proposed banning public figures, including celebrities and sportsmen, from advertising and endorsing crypto products. The regulator also proposed that public figures... Read more »

Despite the Low Price, Bitcoin’s Hashrate Remains Elevated as Difficulty Taps an All-Time High

[ad_1] Amid the Terra blockchain meltdown, Bitcoin’s hashrate has been well above the 200 exahash per second range, at 212 EH/s at the time of writing. Bitcoin’s hashpower has remained high after... Read more »