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U.S. Congress members have challenged Treasury Secretary Janet Yellen‘s call for stronger crypto regulation, pointing out the Howey Test’s shortcomings in consumer protection in a recent letter.

US Congress challenges Yellen on crypto regulation, seeks clarity on Howey Test’s role

A new letter published by US members of Congress asks for clarity on the role of the country’s top regulatory in adopting crypto specific legislation. The letter was ba...

7 months ago

MetaMask Integrates with Robinhood for Direct Crypto Access

MetaMask Partners with Robinhood to Simplify Crypto Transactions

MetaMask has collaborated with Robinhood to enable direct crypto purchases for users, according to a press release shared with Cryptonews on Feb.7. MetaMask’s...

7 months ago

Thailand Suspends 7% VAT Requirement

Thailand Pushes Towards Digital Asset Hub with Introduction of VAT-Free Crypto Trading

In a move to position Thailand as a leading digital asset hub, the country’s Finance Ministry has announced the exemption of value-added tax (VAT) on digital asset trading. The d...

7 months ago

A decision for approving or denying a joint Ether ETF product has been pushed back, in line with analyst expectations.

SEC Delays Another Ether ETF Application

The U.S. Securities and Exchange Commission (SEC) on Tuesday delayed a decision on a spot ether (ETH) exchange-traded fund (ETF) jointly proposed by Invesco and Galaxy Digital, a ...

7 months ago

Grayscale CEO Michael Sonnenshein urged regulators to approve spot Bitcoin exchange-traded fund (ETF) options in a statement on Feb. 5.

Grayscale CEO advocates for spot Bitcoin ETF options to gain approval

He noted that the New York Stock Exchange (NYSE) and other national securities exchanges have recently submitted filings that would allow options trading on commodity-based ETFs like Grayscale&r...

7 months ago

A closely followed trader says he’ll become one of Bitcoin’s (BTC) biggest bulls if the crypto king manages to stay above a key resistance level.

Veteran Trader Tone Vays Says He’ll Become ‘Super Bullish’ on Bitcoin Once BTC Starts Closing Above This Level

In a new strategy session, veteran trader Tone Vays tells his 122,000 YouTube subscribers that Bitcoin is trading within a very tight range, but he sees a path for BTC to break out and rally to ...

7 months ago

South Korean prosecutors announced the arrests of Haru Invest CEO and two other execs two days after Haru posted another “no information” update.

Haru Invest execs arrested in South Korea on embezzlement charges

South Korean prosecutors have arrested several executives of the troubled cryptocurrency yield platform Haru Invest, which suspended withdrawals in June 2023. The virtual asset crime i...

7 months ago

Hacking Threats Remain a Top Security Concern in Crypto

Kraken’s Security Team Keeps a Low Profile on Social Media By Design

Crypto exchange Kraken is prioritizing security and ensuring its security team maintains a low public profile. Chief security officer Nick Percoco recently told Financia...

7 months ago

According to the U.S. SEC, Brian Sewell allegedly never launched the crypto hedge fund that promised to use AI and other strategies for maximizing returns.

Crypto teacher loses student’s $1.2M investment in fake hedge fund

A crypto trading course instructor is facing charges from the United States securities regulator for misleading 15 students into investing a combined $1.2 million in a hedge fund that promised t...

7 months ago

An employee was invited to an online meeting with the firm’s chief financial officer and other staff, except none of them were real.

Employee loses $25M of firm’s funds after call with deepfake colleagues

Deepfake scammers managed to trick an employee at a multinational firm into sending out more than $25 million of company funds in an elaborate scam that impersonated multiple company executives ...

7 months ago