Crypto: US SEC ready to work with Congress to regulate trading
The United States Securities and Exchange Commission (SEC) head Gary Gensler said that the authority spends only $325 million per year on tech. SEC is looking to cooperate with Congress and other regulators to increase its oversight of cryptocurrency exchanges. Gary Gensler, the newly appointed chairman of the SEC, said that the commission is looking […]
New Investors Led Crypto Selloff Last Week, Miners Had Little Effect
According to Phillip Gradwell, Chief Economist at on-chain analytics and intelligence firm Chainalysis, Bitcoin (BTC) miners did send more Bitcoin to exchanges at the end of last week but so did others. . Miners did not drive further price declines. Meanwhile, most of the BTC and ethereum (ETH ) sellers in the “awful” last week were recent and new […]
Crypto Ban: Restricting trading to millionaires good for Hong Kong
The government is right to ban crypto trading in the city, Hong Kong’s Treasury Secretary says. Hong Kong’s Secretary for Financial Services and the Treasury , Christopher Hui, has defended the recent decision by the city’s Financial Services and the Treasury Bureau to ban retail crypto trading. In a speech delivered at StartmeupHK virtual fintech summit on […]
New Survey: Lack of understanding is the main obstacle to crypto adoption
About 55% of survey respondents said that they were aware of crypto despite never owning it crypto or having a user experience. After many complications associated with cryptocurrencies like Bitcoin (BTC), a new survey shows lack of knowledge and understanding of crypto is the biggest obstacle for wider adoption. The Economist Intelligence Unit , the […]
Michael Saylor denies collusion theories about the ‘Bitcoin Mining Council’
In a video interview this week, MicroStrategy CEO Michael Saylor denies accusations of clandestine motives behind the newly formed Bitcoin Mining Council (BMC). The BMC comprises some of the biggest U.S. miners led by Saylor and Elon Musk. The organization came about following Musk’s apparent U-turn on Bitcoin, in which he raised concerns over the alleged overuse […]