US Senator Wants Congress to Get Involved with Crypto Guidelines – Urges SEC to Provide Much More Clarity on Regulations – Bitcoin News Regulation

US Senator Pat Toomey says Congress should step in and provide a regulatory framework for cryptocurrencies. He emphasized that the US Securities and Exchange Commission (SEC) is not sharing its framework for cryptocurrency regulation with lawmakers, noting that Chairman Gary Gensler “owes us much more clarity on how and why he intends to apply the SEC’s regulations.” US senator wants Congress to get involved in cryptocurrency regulation US Senator Pat Toomey (R-PA), a member of the Senate Banking Committee, discussed cryptocurrency regulation in an interview with Bloomberg on Thursday. Commenting on whether the US Securities and Exchange Commission (SEC) is

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Crypto Plummets As CPI Worsens, Any Chance For Reversal?

Crypto prices have maintained a strong correlation with most macroeconomic factors. It’s no longer debatable that inflation affects the trend in the crypto market. Most past digital asset declines took root from the swing in the general global economy. The intensity of the crypto winter through the year’s first half had accumulated strength from potential inflation. However, due to the suspicions of inflation rise in the economy, crypto prices have shown signs of decline. The recent data on CPI have even pushed the market to another red region. The Consumer Price Index (CPI) is an economic indicator that measures inflation

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Binance Sees Record Increase in Indian Users After Government Starts Implementing New Crypto Tax – Bitcoin News Exchanges

The number of Indian users on the cryptocurrency exchange Binance has increased after the Indian government started charging taxes on crypto transactions. Meanwhile, daily trading volume on some major Indian cryptocurrency exchanges has fallen by over 90% since the new tax rules came into effect. Binance sees record number of Indian users The number of Indian user registrations has increased on the global crypto exchange Binance after a 1% tax deducted at source (TDS) went into effect in July, Bloomberg reported Tuesday. The number of downloads of the Binance app in India jumped to 429,000 in August, the publication added,

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Crypto volatility could rise after the big key events ahead

The crypto market has been filled with so much volatility in the past months. Bitcoin price barely rose 1% to $20,373; The prices of Ethereum and other altcoins are still in the dumps. Members of the crypto community and experts predict further declines in October. Amid the ups and downs of the market, the industry will see three significant events this week. Perhaps the market will experience more volatility in the coming months, given the developments in the industry in the previous months. The merger could affect the crypto market This week sees the most intense upgrade in Ethereum history,

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Indian authorities unfreeze Wazirx’s bank accounts, crypto exchange says – Bitcoin Exchange News

India’s Enforcement Directorate (ED) has unfrozen the bank accounts of cryptocurrency exchange Wazirx, the company said. The accounts were frozen as part of a federal agency investigation into 16 fintech companies and instant loan apps. Wazirx says his bank accounts are now unfrozen Indian cryptocurrency exchange Wazirx said on Monday that the Enforcement Directorate (ED), the law enforcement and economic intelligence agency of the government of India, has unfrozen its bank accounts. The company explained that the ED is investigating 16 fintech companies and instant loan apps. Noting that Wazirx has “no connection to any of the alleged accused fintech

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ANKR has gained 12% in the last 24 hours. What’s pushing it?

Although it has not been easy, the crypto market has been on the road to recovery since mid-July. There were some rallies that didn’t last long, followed by extended periods of withdrawal that caused more panic. So no one can say in which direction to expect in the short term. But while some tokens are struggling to stay afloat, others seem to be making positive leaps. For example, ANKR’s price action over the past 24 hours has shocked many in the space. Related reading: Ethereum ETH on the run again, will ETH regain $2,000 again? The token gained 12% between

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US SEC Establishes Dedicated Office to Review Crypto Dossier – Bitcoin News Regulation

The US Securities and Exchange Commission (SEC) is establishing a special office to review filings related to cryptocurrencies. The securities regulator emphasized the need to “provide greater and more specialized support” for crypto assets. The SEC’s dedicated crypto office The US Securities and Exchange Commission (SEC) announced on Friday its plan to establish two new filing review offices. One is the “Office of Crypto Assets” and the other is the “Office of Industrial Applications and Services,” the regulator said, adding that it expects both to be established later this fall. The two new offices will join the agency’s seven existing

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Parent company 21Shares becomes a Swiss crypto giant as it is valued at $2 billion

The popularity of the crypto sector is growing daily. More and more companies are entering the industry, given its great potential to generate higher profits than most conventional means. These emerging companies are making a significant impact on the system by providing unique products and services related to cryptocurrencies. For the success of most of their projects, some of these crypto service firms engage in fundraising. These processes have become one of the famous activities that occur in the crypto industry. Such rounds usually help them generate most of the necessary funds to facilitate their current or future projects. Other

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European Union unveils project to fight counterfeiting using NFTs for 2023 – Bitcoin News

The European Union (EU) is working on a project involving blockchain architecture and the use of non-fungible tokens (NFTs) to combat counterfeiting and counterfeiting. The project is the product of several meetings and blockchain hackathons organized by the European Union Intellectual Property Office and proposes the creation of digital twins of products that will trace their path through supply lines. The European Union will use NFTs to protect intellectual property The European Union recently announced that it is working on a system that will use blockchain and NFTs as part of its fight against counterfeiting of physical goods.

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Why extreme fear is back in crypto in a big way

The data shows that the crypto market has once again sunk into a state of extreme fear after showing some signs of improvement over the past few months. The Crypto Fear and Greed Index says the market is extremely scary right now According to the last weekly report from Arcane ResearchThe market has seen a fearsome sentiment for five months straight. “index of fear and greed” is an indicator that tells us about the general mood among investors in the crypto market. The metric uses a numerical scale ranging from zero to one hundred to represent this sentiment. All values

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