Bitcoin drops $1,100 in minutes after Binance delists CNY pairings

‘Clean’ Bitcoin (BTC) mining is coming via this Ohio nuclear plant With China’s current negative stance towards Bitcoin mining plus Elon Musk’s Tesla insistence that they would only accept the digital asset as a payment method only if the mining process of the coin becomes more environmentally friendly, many crypto miners have been left to…

Crypto NFT unicorn Sorare hit by UK regulators over operating a ‘gambling’ platform

The U.K. Gambling Commission, the country’s premier gambling watchdog, has launched an investigation into cards trading platform Sorare, said a notification released Monday.  The commission alleged Sorare offered and operated an unregistered gambling platform targeted towards UK citizens. The country has strict laws to keep gambling and other speculative activities in check and requires such…

Over 20 crypto firms leave China because of ban

‘Bitcoin Mining Council’ says 56% of all mining is sustainable The Bitcoin Mining Council, a self-regulating group they aren’t ‘responsible” that assesses Bitcoin mining companies and mining activities, has revealed the result of its Q2 findings based on electricity consumption and sustainable power mix. 2 min read →

XRP holders won’t join as defendants in the SEC vs. Ripple case

US District Judge Analisa Torres ruled on Monday that a group of individuals who own XRP can offer their “meaningful perspective” in the US Securities and Exchange Commission’s (SEC) case against Ripple, despite denying their motion to intervene as defendants. The US regulator filed a lawsuit against the blockchain company in December last year, alleging…

The US SEC is investigating crypto firm Circle over USDC product

The United States Securities and Exchange Commission is investigating crypto payments company Circle. This was revealed by the crypto firm via a regulatory filing that it received an “investigative subpoena” from the enforcement division of the SEC in July. Circle under SEC radar since July In the July subpoena, Circle had stated its plans to…

Altcoin exchange Kucoin to cease China operations amid regulatory woes

It appears centralized exchanges are the most affected in China’s new ban on crypto trading as another exchange, KuCoin, has advised its China’s mainland users to move their digital assets to another platform before the end of the year. Kucoin tells Chinese users to use other platforms KuCoin, which is one of the world’s largest…

Nigeria suspends launch of ambitious e-naira project

The apex bank of Nigeria has announced the postponement of the launch of the country’s CBDC project, eNaira. According to a local media report, the bank cited important events lined up in preparation for the country’s 61st Independence anniversary. Nigeria suspends “eNaira” launch Central Bank of Nigeria’s (CBN) Director of Communications, Osita Nwasinobi, on Thursday,…

How do the recent U.S. treasury sanctions impact crypto accessibility?

On September 21, the US Treasury Department announced that it will sanction a crypto exchange for its role in facilitating financial transactions for ransomware actors. The cryptocurrency exchange SUEX, a private company registered in the Czech Republic, has facilitated transactions involving illicit proceeds for at least eight ransomware variants. The Treasury Department pointed out that…

U.S Senate candidate proposes Fort Nakamoto as a strategic Bitcoin reserve

The COO of VC firm Thiel Capital and U.S Senate candidate Blake Masters wants to set up “Fort Nakamoto” – a “strategic reserve of Bitcoin,” which he likened to Fort Knox and gold. This move was inspired by China’s renewed crackdown on cryptocurrency last week, which led to further downturns across the market. Masters intends…