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A16z is suing IRS over new DeFi rules

Regulation Elliot Langston -
Andreessen Horowitz’s blockchain arm, A16z Crypto, has criticized the US Internal Revenue Service (IRS) and the Treasury Department over their new DeFi rules. In a Dec. 30 post on X, Michele Korver, the head of regulation at A16z, announced its support for the legal challenge led by the Blockchain Association, DeFi Education Fund, and Texas Blockchain Council. These groups argue that...
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Rostin Behnam to step down as CFTC chair as Trump takes office

Rostin Behnam, the Chair of the US Commodity Futures Trading Commission (CFTC), confirmed he will resign from the agency effective Jan. 20, the Financial...

Rumble makes first Bitcoin purchase, hints at future acquisitions

Rumble, a Tether-backed video-sharing platform, has made its first Bitcoin acquisition two months after adopting the top crypto as a strategic reserve asset. On Jan....

BitMEX slapped with $100M penalty for US Bank Secrecy Act violations

The US Department of Justice announced on Jan. 15 that BitMEX and its parent company, HDR Global Trading Limited, have been fined $100 million...

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Regulation

US regulator proposes rule to hold crypto wallets accountable in hacks

The Consumer Financial Protection Bureau (CFPB) proposed a new interpretive rule on Jan. 10 that could extend the Electronic Fund Transfer Act (EFTA) protections to crypto wallets, potentially holding them accountable in case of hacks. The proposed rule, currently open for commentary, clarifies how existing EFTA regulations apply to new payment systems, including stablecoins and other digital payment mechanisms. It...

Regulation

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Phemex reassures users with a compensation plan after $37 million hot wallet breach

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Singapore-based crypto exchange Phemex has temporarily suspended withdrawals following a reported $37 million exploit targeting one of its hot wallets. On Jan. 23, the exchange announced this decision to allow for an emergency inspection and to enhance its...
Regulation

FCA struggles with crypto ads as UK looks to encourage crypto compliance

The United Kingdom faces mounting challenges in regulating crypto advertising as the Financial Conduct Authority (FCA) grapples with widespread violations, the Financial Times reported...
Gaming

Crypto startups secure $691 million in venture capital during September

Venture capital (VC) funds invested over $659 million in crypto startups last month, representing a 3% increase compared to August, according to DefiLlama data. The...
Analysis

Accounting rule changes have turned Bitcoin from risky venture to corporate must-have – Bitwise

Bitwise chief investment officer Matthew Hougan believes that companies adding Bitcoin (BTC) to their balance sheets are no longer an anomaly but a burgeoning megatrend...
Regulation

New York and Bank of England collaborate to align global crypto regulations

The New York Department of Financial Services (NYDFS) has announced a partnership with the Bank of England (BOE) to launch an international regulatory initiative...
News

Texas court orders Bitcoin investor to disclose $124 million in crypto keys

Frank Richard Ahlgren III, an early adopter of Bitcoin (BTC), has been directed by a Texas court to relinquish access to his crypto wallets,...
Exchange

Polymarket’s wildfire betting markets attract public ire amid ongoing CFTC investigation

The decentralized prediction platform Polymarket is facing intense scrutiny from regulators and the public alike for its actions. Over the past day, reports emerged that the...
Analysis

Santiment highlights contrarian opportunities amid mixed market sentiment

The crypto market is navigating a wave of mixed sentiment, with major digital assets showing varying degrees of optimism and skepticism, according to a...
Regulation

Binance becomes first crypto exchange with broker-dealer license in Brazil

Binance, the largest crypto exchange by trading volume, has secured regulatory approval from the Central Bank of Brazil to acquire Sim;paul, a licensed broker-dealer,...

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Memecoin

John McAfee reborn as AI memecoin and chatbot with $27 million market cap

Elliot Langston -
The Twitter/X account of Janice McAfee, wife of infamous cybersecurity expert John McAfee, announced the launch of AIntivirus (AINTI), a memecoin tied to an AI-driven project inspired by her late husband’s legacy. The token, which went live on Jan. 23...

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