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Crypto
318 stories in this section
O’Leary expects Congress to revisit crypto market structure bill early next year
Kevin O’Leary expects Congress to revisit the Clarity crypto market structure bill early next year as lawmakers advance legislation to establish tax rules for digital assets, CoinDesk reports.
SEC Advances Tokenized Stock Trading Rules Despite Clarity Act Delay
The SEC is advancing work on tokenized stock trading despite lawmakers holding back the long-awaited Clarity Act, Bitcoin Magazine reports. The move signals continued U.S. regulatory activity around crypto markets and blockchain-based financial products.
BitMEX Faces Celsius Estate Lawsuit Over 6,360 BTC Liquidation
The Celsius estate is suing BitMEX over the alleged wrongful liquidation and seizure of 6,360 BTC, worth nearly $490 million, during the March 2020 market crash. The lawsuit comes ahead of BitMEX’s exchange closure.
Six indicators suggest crypto winter may be ending
CoinDesk reviews six indicators that may signal the end of crypto winter. The analysis is linked to Ontology Gas (ONG) and WINk (WIN), but the supplied material gives no details on the indicators or price outlook.
Celsius estate files $495 million lawsuit against BitMEX over 2020 liquidations
Celsius’s bankruptcy estate is suing BitMEX for $495 million over alleged fraud, market manipulation and wrongful liquidations during Bitcoin’s March 2020 market turmoil. The complaint says losses exceeded 6,360 BTC.
UK Commits $676 Million and 500 Officers to Money-Laundering Fight
The UK will provide $676 million and add 500 officers to its money-laundering crackdown. The Home Office cites crypto, fintech and AI among the forces driving a threat estimated by the NCA at £100 billion a year.
CoinEx to Shut Down After Nine Years, Giving Users Until December to Cash Out
Hong Kong-founded crypto exchange CoinEx is shutting down after nine years. The platform cited a prolonged crypto winter and rising compliance costs, while users have until December to cash out their holdings.
Crypto Long Positions Worth $570 Million Liquidated After Clarity Act Fails
About $570 million in bullish crypto futures positions were liquidated over 24 hours after the Clarity Act failed, with Bitcoin and ether longs recording the largest losses, CoinDesk reported.
CLARITY Act Keeps Procedural Path Open After Senate Setback
The CLARITY Act retains a procedural route after Senator Thom Tillis moved to reconsider a failed cloture vote. Crypto executives are divided over whether Congress has enough time remaining to advance the legislation.
H.R. 10357 seeks easier crypto use while raising an additional $500 million in taxes
H.R. 10357 would ease rules for crypto payments, fees and qualifying loans while expanding loss-deferral and trader-accounting provisions. CryptoSlate reported that the proposal is expected to raise an additional $500 million in taxes.