1 / 1 Relevant items tagged with #Crackdown
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Crypto Billionaire Flees London Over Offshore Tax Concerns
[Oct 1, 2024 11:20 AM] Christian Angermayer, a billionaire crypto investor, has reportedly moved from London to Switzerland as the UK considers tightening tax policies on offshore wealth. Angermayer’s relocation signals the potential departure of other wealthy…
Iran Escalates Crackdown on Illegal Crypto Mining Amid Severe Power Crisis
[Aug 16, 2024 1:30 AM] Iran is aggressively cracking down on illegal cryptocurrency mining as the nation faces a severe power crisis exacerbated by an intense heatwave. Iranian authorities claim that unauthorized crypto mining has significantly strained Iran’s…
Coinbase Seeks Expansion in Markets With Clear Crypto Rules Unlike US
[Sep 9, 2023 2:30 PM] America’s leading cryptocurrency exchange, Coinbase, plans to expand its business in jurisdictions that are adopting clear regulations for the sector. These include markets in Europe, Asia and the Americas as opposed to the United States which, the…
Another Executive Exits Binance Amid Regulatory Scrutiny
[Sep 6, 2023 5:30 AM] Mayur Kamat, head of product at Binance, is leaving the crypto exchange which has seen several executive exits in recent months. His and the other departures coincide with an ongoing regulatory clampdown on crypto business that has placed the…
Binance Users Reach 150 Million, CZ Reveals
[Aug 5, 2023 12:00 AM] Registered users of Binance have hit 150 million, the crypto exchange’s founder and CEO, Changpeng Zhao (CZ), announced on social media. The milestone has been reached despite increased regulatory pressure on the world’s largest trading platform…
Crypto Mining Crackdown in Malaysia: Sarawak Police and Energy Plant Dismantle Illegal Mining Operation
[Jul 30, 2023 11:30 PM] A covert cryptocurrency mining operation, suspected of electricity theft, was uncovered in a Marina Square shophouse in Miri, Malaysia. Representatives from the Sarawak police and Sarawak Energy plant revealed that the successful operation was made…
Binance Reportedly Lays Off Over 1,000 Employees, CZ Says Exchange Is Hiring
[Jul 15, 2023 2:00 PM] Leading crypto exchange Binance has cut hundreds of jobs after a string of executive exits, according to a media report. The news, which comes as the coin trading platform marks its sixth anniversary amid increased pressure from regulators, was…
UK Regulator Continues Crackdown on Crypto ATMs, Checks 18 New Sites
[Jul 11, 2023 3:30 PM] The U.K.’s Financial Conduct Authority (FCA) is proceeding with efforts to shut down all bitcoin ATMs “illegally operating” in the country. After more inspections in the past couple of months, the watchdog vowed to continue to take action against…
Crypto Market Remains in ‘Bitcoin Season’ as ‘Altcoin Season’ Drought Hits Record Two-Year Mark
[Jul 11, 2023 9:30 AM] According to data, the cryptocurrency ecosystem has endured its longest stretch without an altcoin season. So far, it has been more than two years without an altcoin season, and there have been no signals indicating one might emerge. Altcoin Season…
CZ Says News of Exec Departures at Binance Is FUD
[Jul 9, 2023 12:00 AM] Founder of Binance, Changpeng Zhao (CZ), sought to downplay the significance of the exits of some executives at the crypto exchange, describing news about them as “more FUD” (fear, uncertainty, and doubt). The managers are leaving during an ongoing…
Binance US Market Share Shrinks Amid Legal Battle With SEC
[Jun 22, 2023 3:30 AM] The market share of the U.S. subsidiary of Binance has declined amid an ongoing crackdown by America’s securities regulator. According to new data, leading U.S. crypto exchange Coinbase, also sued by the Securities and Exchange Commission (SEC), is…
Which altcoins will survive the SEC crackdown? Bitcoin OG explains
[Jun 16, 2023 11:00 AM] Bitcoin OG and educator Dan Held points out which crypto assets are most likely to avoid the ongoing SEC crackdown.
Microstrategy’s Saylor Envisions Bitcoin-Only Future for Crypto Industry as US Regulators Hammer the Sector
SEC Actions in US May Affect Binance in Other Regions, Hong Kong Lawyer Says
[Jun 7, 2023 11:30 PM] The crackdown initiated by the U.S. Securities and Exchange Commission (SEC) may affect Binance in other regions and its license application in Hong Kong, according to a crypto-compliance lawyer. The expert believes the regulator wants the largest…
Robinhood ‘Actively Reviewing’ Listed Coins After SEC Sues Binance and Coinbase
[Jun 7, 2023 3:30 PM] Robinhood is reviewing its crypto offerings after the U.S. Securities and Exchange Commission (SEC) went after major digital assets exchanges. In lawsuits against Binance and Coinbase, the regulator claims that a number of tokens listed by the…
SEC Reduces LBRY’s Fine From $22 Million To $111,000 After Revision of Punishment
[May 15, 2023 5:00 PM] The US Securities and Exchange Commission (SEC) has revised the initial punishment against a blockchain-based content provider, LBRY. It has significantly reduced the penalty from the previous $22 million to a revised amount of approximately…
The average person’s wealth will be 'completely destroyed by inflation,' says Arthur Hayes
[May 2, 2023 11:00 AM] Investing in assets "outside of the traditional financial system” is the only way to preserve one’s wealth, according to the former BitMEX CEO.
SEC’s war on crypto: How far will it go?
[Apr 26, 2023 10:45 AM] The latest Cointelegraph Report tries to make sense of the Security and Exchange Commission's ongoing crypto crackdown, its rationale, and the potential outcome.
Police in Kosovo Seize Crypto Mining Rigs From Serbs
[Apr 16, 2023 3:30 PM] Kosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of the country. Authorities in Pristina and Belgrade exchanged accusations over the move, which has the potential to raise tensions in…
Several Crypto Mining Operations Busted in Russia
[Mar 19, 2023 2:30 AM] Authorities and power utilities in various Russian regions have shut down illegal crypto mining farms, seizing hardware and taking operators to court. The action against the coin minting facilities comes amid discussions on a proposal to introduce…
Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry
[Feb 18, 2023 9:30 AM] Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law…
Crypto regulation decided by Congress, not the SEC: Blockchain Association
[Feb 14, 2023 7:19 PM] The group's policy head doubted a divided Congress can create crypto legislation but said it doesn’t give regulators absolute authority in the interim.
At Least 1,000 Lawsuits Filed Against Crypto Miners in Russia’s Irkutsk Region
[Feb 13, 2023 7:30 PM] Authorities in the Russian region of Irkutsk have so far filed 1,000 lawsuits against what they call “gray” miners, or people minting coins in their homes. In over half of these cases, courts have ordered the defendants to compensate the operators…
Daily Raids on Crypto Farms as Abkhazia Intensifies Mining Crackdown
[Feb 12, 2023 1:00 AM] Authorities in Abkhazia are stepping up efforts to clamp down on cryptocurrency mining amid electricity shortages in the winter months. The government of the breakaway Georgian region announced it’s also taking measures to prevent imports of mining…
Stiffing the Staker: The SEC’s Latest Crackdown on Crypto Innovation
[Feb 11, 2023 3:30 PM] The crypto world was jolted last week when the Securities and Exchange Commission (SEC) shut down Kraken’s staking program, much to the satisfaction of Chairman Gary Gensler and his team. But what does this mean for the future of…
Several Crypto Exchange Websites Taken Down in Kazakhstan
[Jan 26, 2023 4:30 AM] Financial authorities in Kazakhstan have targeted at least five online platforms exchanging cryptocurrencies outside the law. Documents, computer equipment, and cryptocurrency wallets have been seized during searches in the northern part of the…
Russia Cracking Down on Crypto Miners Minting in Residential Areas
[Dec 14, 2022 6:30 AM] Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are detecting their increased consumption and trying to…