Newsletter
Whales are losing millions of dollars on the decline of the Trump-linked WLFI token, but most of the pre-sale participants are still holding the coin.
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Government News
Led by people in various positions of power, governments create and enforce different laws and guidelines. Governments worldwide vary significantly in approach, procedures, laws, etc. With the advent of the internet and social media, government news is now readily accessible to the public online.
Government cryptocurrency overwatch has increased in the years since Bitcoin’s launch in 2009. The European Union has taken a ground-breaking step by enacting regulations requiring crypto service providers to spot and suppress illegal cryptocurrency activity. Similarly, the Canadian government has established itself as a proactive regulator by authorizing the nation’s first Bitcoin exchange-traded fund (ETF).
In contrast to Singapore’s policy of not taxing long-term capital gains, Japan has taken a progressive stance by recognizing cryptocurrencies as legal property under the Payment Services Act. However, China is a leader in developing its government-backed digital currency, the digital yuan (e-CNY), with numerous pilot projects underway. China has outlawed cryptocurrency exchanges, citing unlawful public financing.
Additionally, government news also throws some light on major economies like the EU, the United Kingdom and the United States that are actively developing and exploring their own central bank digital currency (CBDC) initiatives, while nations like the Bahamas and Nigeria have already implemented CBDCs.
- Explained
Bitcoin may be decentralized, but its price isn’t immune to the influence of whales, protocol upgrades, ETF approvals and global regulations.
- News
The proposed rule changes potentially affecting SEC guidelines on broker-dealers, custody and reporting could allow crypto companies to operate in the US with less oversight.
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The WLFI token became the ninth-most-bearish by investor sentiment, as whales lost millions on its more than 40% post-launch decline.
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Tate is back in the Hyperliquid trenches, betting on the WLFI token despite his account nearing $700,000 in total losses.
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Coinbase and OKX are moving into Australia’s pensions through SMSFs, while the United States revamps rules on how crypto fits into retirement plans.
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The crypto company tied to the US president and his family unlocked 24.6 billion tokens, making their holdings worth about $5 billion.
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According to some Republican lawmakers, the first crypto-related priority in the Senate will be to pass legislation for market structure.
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Crypto markets are seeing a “natural rotation” into Ether and altcoins with more potential upside, Nansen’s research analyst told Cointelegraph.
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Avalanche transaction growth topped all blockchain networks with 66%, as the smart-contract network saw more government implementation and renewed ETF applications.
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PYTH surges 70% after the US government tapped Pyth Network and Chainlink to help publish official economic data on multiple blockchains.
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Philippine Senator Bam Aquino plans to file a bill to put the country’s national budget on a blockchain for greater transparency and accountability.
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Kristin Johnson, the CFTC's last remaining Democratic commissioner, confirmed she will leave the regulator on Sept. 3.
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UAE’s holdings were previously speculated to be as much as 420,000 Bitcoin from sources such as criminal seizures. The new figures are far less impressive.
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Japan’s Finance Minister Katsunobu Kato said crypto deserves a spot in portfolios, while pledging to build a sound trading environment for the sector.
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