Texas Lawmaker Launches Resolution to Protect Bitcoin Investors, Support BTC Economy

by webwriter | Mar 23, 2023 | Crypto Updates

A legislative proposal has been introduced to support the bitcoin economy in the U.S. state of Texas. “The individuals who own bitcoin should be protected” under the Texas Constitution, the proposal describes. “No citizen of Texas shall ever be deprived of their right...

US Senator Introduces Bill to Ban Direct-to-Consumer Central Bank Digital Currency

by webwriter | Mar 23, 2023 | Crypto Updates

U.S. Senator Ted Cruz has introduced “legislation to prohibit the Federal Reserve from developing a direct-to-consumer” central bank digital currency (CBDC). The lawmaker warned that it “could be used as a financial surveillance tool by the federal government.”...

SEC Informs Crypto Exchange Coinbase of Potential Securities Law Violations

by webwriter | Mar 23, 2023 | Crypto Updates

The U.S. Securities and Exchange Commission (SEC) has sent Coinbase a “Wells notice” about potential violations of securities law. The Nasdaq-listed cryptocurrency exchange noted that, unlike what SEC Chairman Gary Gensler said, the securities regulator “will not let...

Taiwan’s Financial Supervisory Commission Set to Regulate Country’s Virtual Assets Industry

by webwriter | Mar 22, 2023 | Crypto Updates

Taiwan’s Financial Supervisory Commission is set to be announced as the body that will oversee and regulate the virtual asset industry. According to a report, the collapse of crypto exchanges like FTX prompted Taiwanese officials to seek ways of protecting users...

Crypto Ads in Belgium to Feature ‘Punchy Warning’ of Risks, New Rules Imply

by webwriter | Mar 22, 2023 | Crypto Updates

The financial regulatory body of Belgium has been tasked by the government to regulate advertisements for cryptocurrencies. New rules, set to enter into force in May, oblige advertisers to clearly warn investors of the risks associated with the digital assets. Belgium...

Bitcoin Network Preps for Another Difficulty Spike as Hashrate Remains Strong and Miners Profit Amid Price Surge

by webwriter | Mar 21, 2023 | Crypto Updates

Following the last two difficulty increases on the Bitcoin network, another rise in difficulty is expected to take place on March 24, 2023. Statistics show that Bitcoin’s hashrate has remained high despite the last two adjustments, and block times have been faster...