Crypto Updates – Page 5 – WORLD CRYPTO BUSINESS

Binance CEO: Most Governments Understand Crypto Adoption Will Happen Regardless

[ad_1] Binance CEO Changpeng Zhao (CZ) says that most governments know that crypto adoption will happen regardless of what they do. “It’s better to regulate the industry instead of trying to fight... Read more »

Singapore Regulator Explains Action Against Binance vs FTX — Warns Even Licensed Crypto Exchanges Can Fail

[ad_1] The Monetary Authority of Singapore (MAS), the regulator overseeing the crypto sector, has defended the action it took against crypto exchange Binance and not the collapsed crypto platform FTX. The central... Read more »

NY Attorney General Urges Congress to Ban Crypto in Retirement Accounts

[ad_1] New York Attorney General Letitia James has urged Congress to pass a law prohibiting crypto investments in retirement accounts. “Hardworking Americans should not have to worry about their retirement savings being... Read more »

Report: Kenyan Lawmaker Proposes Introducing Crypto Income and Capital Gains Tax

[ad_1] According to a capital markets amendment bill reportedly sponsored by Kenyan lawmaker Abraham Kirwa, cryptocurrency holders in the country will be obliged to pay taxes on gains. In addition, the bill... Read more »

US Lawmaker: FTX Collapse Isn’t a Crypto Failure — It’s a Failure of SEC, Bankman-Fried, Centralized Finance

[ad_1] U.S. Congressman Tom Emmer says the FTX meltdown is not a crypto failure but a failure with SEC Chairman Gary Gensler, former FTX CEO Sam Bankman-Fried, and centralized finance. “We need... Read more »

NYC Mayor Undeterred by FTX Collapse — Insists Crypto Is an Industry ‘We Must Embrace’

[ad_1] The mayor of New York City, Eric Adams, is not discouraged by the collapse of crypto exchange FTX and heavy market sell-offs. Noting that crypto is coming whether we like it... Read more »

New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels

[ad_1] A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. Businesses engaged in proof-of-work mining in the state will not be able... Read more »

Bank of England Deputy Governor: FTX Collapse Highlights Urgent Need for Tighter Crypto Regulation

[ad_1] Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, says the collapse of cryptocurrency exchange FTX has highlighted the urgent need for tighter crypto regulation. “We should not wait... Read more »

Federal Reserve Bank President Says ‘Entire Notion of Crypto Is Nonsense’

[ad_1] The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, says crypto exchange FTX isn’t “one fraudulent company in a serious industry.” Stating that the “Entire notion of crypto is... Read more »

Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value

[ad_1] Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar... Read more »