Kazakhstan will require 75% of crypto mining revenue sales
The president of Kazakhstan, signed a new law that reaffirmed the country’s opposition to illegal mining operations and the issuing of crypto assets. One of the largest Bitcoin (BTC $21,729) mining centres in the world, Kazakhstan, has revealed plans to establish new crypto legislation to cut down on tax fraud and illegal business practices. On […]
Philippines SEC seeks to toughen regulations on crypto industry
According to new draft guidelines, the Securities and Exchange Commission (SEC) of the Philippines wants to include crypto in its purview and toughen its control over the local cryptocurrency market. The securities regulator submitted draft regulations for financial goods and services which include encompassing cryptocurrencies and digital financial products—for public comment on January 25, the […]
Crypto.com lays off 20% of workforce after FTX collapse
Kris Marszalek, CEO of Crypto.com has announced a new wave of staff layoffs that will reduce its global workforce by another 20%. Kris Marszalek, the co-founder and CEO of Crypto.com , has announced a new round of staff layoffs that will further reduce its global workforce by 20%. He cited weak market conditions and “recent […]
Bankruptcy judge has permitted FTX to sell LedgerX, other assets
The assets that will be sold include the platform LedgerX, Embed and its regional arms, FTX Japan and FTX Europe. The judge presiding over the FTX bankruptcy proceedings has given the struggling cryptocurrency exchange permission to sell some of its assets to help it pay off its creditors. The sale of four important FTX units […]
US senator behind efforts to pass crypto bill won’t run for re-election
Michigan Senator Debbie Stabenow, chair of the United States Senate Agriculture Committee, has announced that she will be leaving office in 2025. Stabenow stated in a Jan. 5 statement that she will serve out the remainder of her 6-year term in the Senate before “pass[ing] the torch” to other US representatives. The senator was one […]