Paul Ryan urges the U.S. to speed up stablecoin legislation to counter China’s digital finance progress. He warns China’s digital yuan could threaten $USD dominance and suggests stablecoins could boost U.S. Treasury bonds’ appeal. Ryan opposes a U.S. digital dollar. #FinanceNews
South Korea to review 600+ crypto listings in July under the new Virtual Asset User Protection Act, impacting exchanges like @UpbitGlobal, @BithumbOfficial, and Coinone. Quarterly reviews aim to enhance security and compliance. #CryptoRegulation
The @ASX will launch its first Bitcoin ETF, VanEck Bitcoin ETF, on June 20, offering regulated exposure to $BTC. This follows the U.S. SEC’s approval of a spot Bitcoin ETF and aligns with Australia’s strategy to stabilize crypto markets. #CryptoNews
Gemini to pay $50M to users of the collapsed Earn program, benefiting over 230,000 investors, including 29,000 in NY. This settlement, announced by @NewYorkStateAG, ensures digital asset access and bars Gemini from crypto lending in NY. #CryptoNews
LBank received a warning from Japan’s FSA for unregistered crypto transactions, operating with an “unknown address” and “unknown representative.” This follows similar warnings to Bybit, MEXC, Bitget, and Bitforex in March 2023. #CryptoRegulation
From June 8-15, 2024, 32 crypto projects raised nearly $139M, led by Nexus securing $25M for Zero-Knowledge Proofs and BITAI with $20M for an AI-powered exchange. Layer3 and Nuffle Labs also raised $15M and $13M respectively. #CryptoInvestments
Gemini will pay $50M to defrauded investors of its Earn program and is banned from lending in NY. The settlement, announced by AG Letitia James, affects over 230,000 investors, including 29,000 New Yorkers. #CryptoRegulation
Former @Binance CEO Changpeng Zhao owns 64% of $BNB, worth over $56B, making him the 24th richest globally. Despite serving jail time, BNB surged by 141% in 14 months and returned 1,497,749% since 2017. #cryptonews
Polkadot founder Gavin Wood announces a $65M prize pool for the JAM upgrade, promoting innovation in the ecosystem. The community-backed initiative supports diverse protocol implementations. #Polkadot #BlockchainUpdates
India’s FIU receives petitions from four offshore crypto exchanges to resume operations. Following approvals of @binance and KuCoin, India’s crypto landscape evolves with 46 registered firms, aiming for enhanced market stability and compliance. #CryptoNews
? At BTC Prague 2024, @Trezor launched the Trezor Safe 5, a secure hardware wallet with a color touchscreen and Shamir’s Secret Sharing backup system. Available in July 2024 for $169. Personal consultations via Trezor Expert at $99. #CryptoSecurity
President Biden has renominated Democrat Caroline Crenshaw as SEC Commissioner, sparking backlash from the crypto community due to her anti-crypto stance and vote against spot Bitcoin ETFs. Critics highlight tensions between Biden’s policies and crypto supporters. #CryptoNews
BEER project faces insider trading allegations as token value drops 80%. Crypto expert Wazz accuses developers of unloading $15M in tokens. Gotbit and Bybit investigate. #CryptoNews #BEERToken
Uzbekistan cracks down on crypto: Hamster Kombat players face jail or fines up to $808 for trading tokens. Stricter regulations on crypto start Jan 2024. #CryptoRegulation #Uzbekistan
