Why global coordination on crypto regulation is paramount
In the race to tame crypto’s excesses, we need to avoid regulatory clashes while DeFi draws lessons from TradFi, writes Rachel Lin of SynFutures.
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CFTC chair calls Ethereum a commodity, in contrast to SEC chair Gensler’s position
CFTC chair Rostin Behnam has called Ethereum a commodity and not a security, in apparent contrast to past statements from SEC Chairman Gary Gensler.
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China’s parliament member to propose NFT regulation at ‘Two Sessions’
NFTs have entered China’s Two Sessions, with a delegate to propose an NFT regulatory framework.
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Crypto mining rig maker Canaan shares slump after Q4 revenue sank 82%
Canaan’s shares on Nasdaq closed 3.83% lower at US$2.51 on Wednesday after the cryptocurrency mining rig maker reported an 82% year-on-year drop in revenue on Tuesday for the fourth quarter of last year, citing “lackluster market demand” for mining machines as the price of Bitcoin fell.
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Crypto bank Silvergate to close, return all deposits; becomes latest victim of 2022 crypto turmoil
Silvergate Capital said Wednesday it will cease operations and liquidate its bank unit.
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Bitcoin crashes through US$22,000 floor as failure of Silvergate crypto bank hits market
The shuttering of Silvergate Bank was not unexpected, but it still drove Bitcoin and most of the top 10 non-stablecoin cryptocurrencies lower on Thursday morning in Asia.
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How Singapore’s crypto ambitions are taking shape and what other nations can learn
Unique in the world, Singapore is a big investor and player in digital assets while advancing regulations that favor institutions over individual crypto users, writes Danny Chong of Tranchess.
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Voyager gains court approval to sell assets to Binance U.S. in US$1.3 bln deal
Bankrupt crypto lender Voyager Digital received court approval from bankruptcy Judge Michael Wiles on Tuesday to sell its assets and transfer its customers to Binance’s U.S. arm, in a US$1.3 billion deal.
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Thailand to offer tax breaks to firms issuing investment tokens
The Thai Finance Ministry will waive corporate income tax and value-added tax for firms that conduct initial coin offerings (ICOs), according to a spokesperson.
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Silvergate teeters as regulators circle and crypto firms cut ties
Top blockchain and crypto news: Silvergate woes spark bankruptcy talk. LDO dips on false enforcement rumors. Chinese leaders push digital development.