President Zelenskyy Signs Ukraine’s Law ‘On Virtual Assets’

President Volodymyr Zelenskyy has signed the law “On Virtual Assets” which aims to regulate the crypto market in Ukraine. The approval comes as his country is increasingly relying on cryptocurrency donations to... Read more »

US Treasury Official: We Don’t See That Crypto Could Be Used in Large-Scale Way to Evade Sanctions

The U.S. Department of the Treasury does not see that cryptocurrency could be used in a large-scale way to evade sanctions. “Its share as a medium for illicit finance is not anywhere... Read more »

Facebook Owner Meta Sued for Publishing Scam Crypto Ads by Australian Regulator

The Australian Competition and Consumer Commission has filed a lawsuit against Meta, formerly Facebook, for “publishing scam advertisements featuring prominent Australian public figures.” The regulator said, “The essence of our case is... Read more »

8 US Lawmakers Urge SEC to Stop Crippling Crypto, Stifling Innovation

Eight U.S. lawmakers have sent a letter to the chairman of the U.S. Securities and Exchange Commission (SEC) regarding how the agency collects information from crypto companies. According to the crypto community,... Read more »

US Senators Introduce Crypto Sanctions Bill — Expert Says It’s Overbroad, Unconstitutional

U.S. Senator Elizabeth Warren and 10 other lawmakers have introduced the “Digital Asset Sanctions Compliance Enhancement Act of 2022.” The bill “would place sweeping restrictions on persons who build, operate, and use... Read more »

Dubai’s New Virtual Asset Regulator Licenses Crypto Exchanges Binance, FTX

Dubai’s Virtual Asset Regulatory Authority has licensed two cryptocurrency exchanges: Binance and FTX. The regulator was formed last week when Dubai approved its first law to regulate crypto assets. Dubai Licenses Binance... Read more »

Bitcoin Miners Catch a Second Break With Another Downward Difficulty Adjustment

Five days ago, Bitcoin’s hashrate had shown improvement as it increased 15% over the course of ten days and today, the computational power remains above the 200 exahash per second (EH/s) region.... Read more »

EU Regulators Warn Crypto Unsuitable as Investment or Means of Payment for Most Retail Consumers

Several European regulators have issued a joint warning on crypto assets. “These assets are not suited for most retail consumers as an investment or as a means of payment or exchange,” they... Read more »

ASIC Mining Rig Manufacturer Canaan Reveals $100 Million Stock Buyback Program

The application-specific integrated circuit (ASIC) manufacturer Canaan has revealed the firm is offering a stock buyback for up to $100 million. Canaan’s chairman and CEO Nangeng Zhang highlighted in a U.S. Securities... Read more »

Crypto Assets Can Help Russia Return to Global Financial Market, Lawmaker Says

Digital financial assets like cryptocurrencies can help Russia to reach the global financial market despite western sanctions, a lawmaker working on crypto regulations has stated. The official believes the country is capable... Read more »