CryptoNews

Fed Chair Powell Reaffirms Stance on Custody Assets Amid SEC Crypto Rule Controversy – News Bytes Bitcoin News

July 11, 2024
On Wednesday, Federal Reserve Chair Jerome Powell testified before the U.S. House Financial Services Committee, where Congressman Josh Gottheimer (D-NJ) questioned him about the SEC’s Staff Accounting Bulletin (SAB) 121. This bulletin mandates that banks include digital assets held in custody on their balance sheets, significantly raising the cost of providing digital asset custody services.
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CryptoNews

Italy Prepares to Issue Guidelines on Implementing EU Crypto Regulation

July 10, 2024
Italy’s central bank will soon release guidelines on implementing the European Union’s Markets in Crypto Assets Regulation (MiCA) Regulation to ensure the payment system’s regular functioning, Bank of Italy Governor Fabio Panetta revealed on Tuesday. In his speech to the Italian Banking Association, Panetta highlighted that MiCA considers electronic money tokens (EMTs) and asset-reference…
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Two More Sleeping Bitcoin Addresses Wake From Slumber, Moving 1,045 BTC

July 8, 2024
Two days ago, a dormant bitcoin wallet moved over 1,000 bitcoins on July 5, and since then, two more notable awakenings have occurred in the past 48 hours. On Saturday, an address created in December 2013 spent approximately 149.99 BTC for the first time in over a decade. On Sunday, another historic wallet from April 1, 2016, transferred 895.11 BTC, valued at $51.3 million. While Bitcoin’s Price…
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CryptoNews

Russian Central Bank Suggests Using Crypto to Counter Western Sanctions – Featured Bitcoin News

July 4, 2024
Russia’s central bank has urged businesses to consider various payment solutions, including cryptocurrencies and digital assets, to manage transactions with foreign partners and counter Western sanctions. Bank of Russia Governor Elvira Nabiullina highlighted that the central bank has softened its stance on the use of cryptocurrencies in international payments. She also mentioned ongoing efforts…
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