Compound Treasury Rated by S&P in Historic First for DeFi

The “Big Three” credit rating agency awarded a junk grade of B-, a move that nonetheless marks a major milestone for decentralized finance.

NFT Design Works: A new creative agency in the NFT space

With the emergence of blockchain technology and cryptocurrency’s growing popularity in recent years, the digital assets ecosystem has redefined the dynamic notion of trading, purchasing, and reselliThe post NFT Design Works: A new creative agency in the NFT space appeared first on AMBCrypto.

Russia’s Anti-Monopoly Agency Proposes Higher Electricity Rates for Home Crypto Miners

The anti-monopoly service of Russia has suggested that Russians minting digital currencies at their homes should pay more for the spent electrical energy.

Crypto Giant Binance Obtains First Global Regulatory Approval Operation from French

Binance, one of the leading cryptocurrencies exchange, has been approved by the French regulatory agency, the first country to allow the exchange to legally operate trading globally.

From within: Dubai's virtual asset regulator plans to open HQ in metaverse

The move came less than two months after Sheikh Mohammed bin Rashid Al Maktoum established VARA and announced a new legal framework for crypto in Dubai. The Dubai Virtual Asset Regulatory Authority, or VARA, has purchased land in the virtual reality world The Sandbox (SAND) as part of its plans to set up a metaverse headquarters.In a Tuesday announcement from Emirates news agency WAM, VARA said the metaverse entry was aimed at facilitating “collaborative engagement” between virtual asset service providers, international regulatory authorities, and industry leaders.

Weiss Ratings Report Claims Crypto-Backed Home Loans Spell Trouble

A report published on May 2 by the rating agency Weiss Ratings warns that crypto-backed mortgages “spell risk.” Weiss editor Jon D.

SEC Doubles Crypto Unit Size to Strengthen Investor Protection

The US SEC's Crypto Assets and Cyber Unit will consist of 50 experts who will work for maximum protection for crypto investors, the agency said.

Uzbekistan's president issues decree to adopt special crypto framework

The Republic of Uzbekistan is preparing to adopt a new crypto regulatory framework including a 7.5% income tax on crypto-related salaries. The Republic of Uzbekistan continues to progress with local cryptocurrency regulations, with Uzbek President Shavkat Mirziyoyev issuing a new decree regulating the industry.Released on April 27, the new decree instructs a reorganization of a major presidential agency known as the National Agency for Project Management (NAPM).

Weiss Ratings Agency Warns About Crypto-Backed Mortgage Risks

Crypto-backed mortgages should be approached with caution, according to a new report by Weiss Ratings.

VanEck Announces Launch of NFT Collection Powered by Ethereum

VanEck has partnered with South Korean creative NFT agency for the launch of is new NFT collection.

Jack Dorsey, Michael Saylor and Bitcoin Community Pen Letter to Environmental Protection Agency To Refute Myths

A group of executives from within the Bitcoin industry has written a letter to the US Environmental Protection Agency (EPA) in an effort to debunk myths about the environmental dangers of crypto mining.

Bitcoin miners rebut claims made by US Democratic legislators to EPA administrator

In a note authored by Michael Saylor, Nic Carter and Darin Feinstein, the Bitcoin Mining Council alleges that lawmakers can't tell the difference between a data center and a power plant. The Bitcoin Mining Council (BMC) responded to a letter sent to the United States Environmental Protection Agency (EPA) administrator Michael Regan by Democratic legislators last month with a letter of its own seeking to rectify inaccuracies about Bitcoin (BTC) mining and its environmental impact. Penned by MicroStrategy CEO Michael Saylor, Castle Island Ventures partner Nic Carter and Darin Feinstein of Core Scientific, the BMC letter, which has over 50 signers, highlights alleged misconceptions in the document sent to Regan.

Belgium's FSMA takes initiative to regulate crypto-businesses, services

Belgium's Financial Services and Markets Authority (FSMA) has announced a new rule requiring all crypto-exchanges and custodial wallet services in the region to register with the agency from 1 May. The post Belgium's FSMA takes initiative to regulate crypto-businesses, services appeared first on AMBCrypto.

Belgian financial regulator FSMA to regulate crypto exchange services

Crypto service providers must fulfill seven conditions that include being constituted in the form of a company with a minimum capital of roughly $52,725 (EUR 50,000). A new rule imposed by Belgium’s financial regulatory agency, the Financial Services and Markets Authority (FSMA), will now require crypto exchanges and custodial wallet services in the region to register within a sharp deadline.Starting tomorrow, May 1, legal individuals and entities that wish to provide crypto exchange services or custodial wallets in Belgium will have to register in advance, according to the information released by the FSMA.As from 1 May 2022, providers of exchange services between #virtual #currencies and legal currencies, or custody #wallet services will have to register with the #FSMA.

NYDFS calls for crypto firms to use blockchain analytics

The regulatory agency asked crypto firms to adopt methods to ensure greater risk assessment for potentially problematic transactions.

FTX executive Wetjen calls CFTC application an opportunity for the agency to innovate

Former CFTC head Giancarlo said a “central bank mindset” is holding crypto back, and Wetjen saw the need for more entrepreneurialism in regulatory agencies. Former Commodity Futures Trading Commission (CFTC) chairman Chris Giancarlo, known by some as Crypto Dad during his tenure from 2017 to 2019, spoke Thursday at the Crypto Bahamas conference on the topic of US crypto regulation.

Russian security agency wants exchanges to share data with crime investigators

The measure comes along with a proposed ban on advertising of non-licensed crypto services.

Argentinian Tax Agency Supports Creation of Global Crypto Report System to Avoid Evasion

The AFIP, the Argentinian tax agency, is supporting the creation of a centralized system that serves as a registry for cryptocurrency holders.

Georgians Sell Russian Regions as NFTs to Raise Money for Ukraine

A tech innovations firm based in Georgia’s capital Tbilisi is now “selling Russia piece by piece” in the form of NFTs.

USSS Seized Over $102 Million in Crypto Since 2015: Assistant Director David Smith

The agency tracked illicit transactions on blockchain networks and cracked down on fraud and money laundering cases.

US Lawmakers Call for More Oversight of Cryptocurrency’s Environmental Impacts

Twenty-three US lawmakers have called on the US Environmental Protection Agency (EPA) to increase oversight of cryptocurrency’s environmental impacts.

US Democratic Lawmakers Call on Environmental Protection Agency To Probe Crypto Operations

More than 20 Democrats in the US House of Representatives are calling on the Environmental Protection Agency (EPA) to probe crypto mining facilities within the United States.

Helping Ukraine without donating: Laura’s DeFi staking plan

Laura K. Inamedinova is a marketing agency CEO from Lithuania who started early with ICOs, a journey that has led her to launch UkrainianPool, an initial staking pool offering raising money for the Ukrainian government.Inamedinova got into ICOs right out of university in 2016 and is shy to mention the name of the first crypto fundraising project she worked for.

US lawmakers sound alarm to EPA over environment concerns of crypto mining

In addition to air and water pollution as a result of energy production, the lawmakers pointed to electronic waste from mining rigs, and noise pollution in surrounding communities. United States House of Representatives member Jared Huffman and 12 other lawmakers have requested the Environmental Protection Agency, or EPA, assess crypto mining firms potentially violating environmental statutes.In a letter addressed to EPA administrator Michael Regan on Wednesday, Huffman said he and other Democratic House members had “serious concerns” around crypto firms in the United States reportedly contributing to greenhouse gas emissions and not operating in accordance with either the Clean Air Act or the Clean Water Act.

AUSTRAC releases 2 new guides to help spot illicit crypto use

AUSTRAC also urged financial institutions from debanking clients who may be engaged in suspicious account activity, as a mistake could be costly to “Australia’s economy.” Australian financial compliance enforcement agency AUSTRAC has released two new guides to help entities to spot when customers are using crypto for illicit means, or when they are being forced to pay the creators of ransomware.But it warned that debanking customers merely on suspicion of such activity was a harmful practice with serious negative effects.In an announcement posted earlier today, AUSTRAC noted that the growing acceptance, value and adoption of crypto and blockchain tech has been accompanied by an increase in cybercrime.

Marketing Agency Majinx launches a Social Initiative to Help Ukrainians

[PRESS RELEASE – Please Read Disclaimer] Want to support Ukrainians? Give them a job! Amidst a war in Ukraine, Majinx.io have launched a “JOB for UKRAINIANS in Crypto” initiative.

SEC v. Ripple - How did agency's 'Estabrook Notes' win affect XRP

Ripple Labs, the San Francisco-based fintech firm, has maintained its offensive attacks against the SEC amidst the ongoing lawsuit.

Agent Smith says Secret Service seized $102M in crypto in 254 cases since 2015

The US Secret Service says the immutable and transparent aspect of the blockchain ledger allows the agency to track transactions made by criminals easier than cash in some cases.

Animoca Brands Acquires Aussie Digital Agency (Report)

Animoca Brands doubled down on its acquisition spree as this time it purchased the Australian digital agency - Be Media.

Animoca Brands Soon to Acquire Australia's Be Media for Blockchain Development

Hong Kong-based Animoca Brands has announced that it will soon acquire Australian digital marketing agency Be Media to explore the opportunities centred around blockchain development in the country.