Altcoin News Daily Official TheBitTimes.com

In what could be yet another major development for the global economy, Japan has agreed to negotiate a new trade deal with the United States. Indeed, US President Donald Trump confirmed the talks were beginning in a post to his Truth Social platform. Since the announcement of his Liberation Day tariff plan, countries have been carefully formulating their response. Several have sought to renegotiate trade deals with the country, with Japan now joining that growing list. Alternatively, it remains embroiled in an ongoing tariff war with China as import duties on the nation are set to reach heights of 245%. JUST IN: Japan agrees to negotiate new trade deal with the United States. — Watcher.Guru (@WatcherGuru) April 16, 2025 Also Read: US Stock Market Could Plunge 50% After Tariffs Resume Japan to Meet With US President Trump, Talk New Trade Deal In recent weeks, the global economy has sought to navigate increasing geopolitical concerns. The US debuted its first string of America-first eco...

Despite its stance against crypto, China still controls 55% of the Bitcoin mining network even though it has a ban on the asset. Indeed, the country is a key player in BTC mining despite the restriction that was imposed on the asset class more than three years ago. The country maintains control over more than half of the entire global network, according to CryptoQuant CEO Ki Young Ju. In a post to X (formerly Twitter), he discussed the dominance of the industry shifting from the United States. Moreover, he discusses how it has transferred to the Eastern Asian nation. Source: newsbtc.com Also Read: Trump Says US Will be Bitcoin Mining Hub If He’s Re-Elected China Controls 55% of Bitcoin Hashrate Despite Ban as US Lags Behind Amid his bid for reelection in 2024, former President Donald Trump has placed a spotlight on crypto. Specifically, he has consistently expressed his desire for the United States to remain the top player in the developing asset class. Although those hopes are possibl...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The year 2024 is shaping up to be a landmark period for the cryptocurrency market. Significant transformations are on the horizon for blockchain and digital currencies, which are expected to be pivotal in shaping their trajectory. A key trend for the next 12 months is the widespread acceptance of cryptocurrencies paired with increased regulatory measures. Let’s explore the additional shifts anticipated within the sector. You might also like: Blockchain developers must pull crypto out of its money laundering peril | Opinion Bitcoin to set a new price record Bitcoin (BTC) is on the cusp of potentially setting new price benchmarks in 2024. Predictions suggest that Bitcoin’s value could soar to $60,000 or even higher. Multiple factors contribute to this optimistic forecast. For instance, the upcoming Bitcoin halv...

Asset manager Hashdex recently met with the U.S. SEC to address the regulator’s concerns over its application for a spot Bitcoin ETF. Asset manager Hashdex recently held a meeting with the United States Securities and Exchange Commission to address the regulator’s concerns about its application to allow the Hashdex Bitcoin Futures exchange-traded fund (ETF) to hold spot Bitcoin, a source familiar with the matter told Cointelegraph.  As per a memorandum released by the Division of Trading Markets, the meeting took place on Oct. 13, with six SEC officials and representatives of Hashdex, NYSE Arca, Tidal Financial Group and law firm K&L Gates in attendance.  In the meeting, Hashdex presented its mechanism allowing spot Bitcoin (BTC) to be traded and held in the ETF on the Chicago Mercantile Exchange (CME), which the Commodity Futures Trading Commission regulates. Hashdex’s filing differs from other spot Bitcoin application s because it doesn’t have a surveillance-sharing agreement w...

SBF's counsel had argued that FTX was not located in the United States, and as SBF did follow regulatory obligations concerning FTX.US, charges related to FTX international shouldn’t apply. The United States Department of Justice filed a court motion on Oct. 4 claiming the lack of crypto regulations in the U.S. is no bar to the criminal charges filed against the former CEO Sam Bankman-Fried of now-bankrupt crypto exchange FTX. The U.S. DOJ’s letter was filed in response to the defendant's request for clarification and reconsideration of charges related to the misappropriation of funds in FTX. SBF’s counsel had argued that their client was “not guilty because FTX was not regulated in the United States and he followed the rules concerning FTX US.” The DOJ called this argument irrelevant claiming that even though the existence of legislation may be necessary to prove a legal obligation, however, the lack of it does not affect whether the defendant's victims committed mon...

The New York financial regulator wants trading firms to clarify how exactly they decide to list or delist a crypto currency. The New York State Department of Financial Services (NYDFS) is set to introduce new guidance about crypto listing process for crypto companies in an effort to make it clear how the industry should self-regulate. A spokesperson for the NYDFS told The Wall Street Journal that the guidance was needed to protect customers even when exchanges have to delist a coin. “When we know that a coin that someone once thought was OK, when we see that new risks have emerged or the coin is being misused, we want our entities to have a way to delist the coin in a way that’s still protective of consumers and protects safety and soundness as well.” Adrienne Harris, NYDFS Superintendent The financial watchdog is particularly asking crypto companies to develop new policies for listing and delisting processes. The firms should focus their policies on three areas: go...

Crypto Misconduct Daunting In response to a question on the US SEC’s strength in terms of having enough staff for enforcing regulation on the crypto ecosystem, Gensler said the agency is far from being overstaffed. United States Senator Catherine Cortez Masto had asked whether the agency was understaffed particularly on the enforcement side. Gensler stated that the agency is only 3% larger in terms of staff count compared to 7 years ago. advertisement “The markets have grown 50-60% in terms of activity and complexity.” He added that in terms of crypto, the SEC Chair said, “I have been around finance 44 years now and I have never seen a field that’s rife with more misconduct. It’s daunting.” In October 2022, CoinGape reported that the SEC staff lacks knowledge required to draft rules for the crypto market. It was revealed that over 20% of the senior attorneys and officials, likely as a result of Gensler’s failure as the Ch...

Also Read: ETH Price $1,630 Support On The Line, Time To Buy Or Sell Ether? advertisement CEO Brian Armstrong Sold Most Shares According to the real time insider trans action data from Dataroma, some of the top executives at the Crypto exchange , including CEO Brian Armstrong and chief legal officer Paul Grewal, initiated as many as 53 sale trans action s worth over $30 million. These Coinbase stock sale trans action s were carried out between 20 June 2023 and September 1, 2023, whereas the SEC lawsuit was filed on June 6, 2023. In a trans action as recent as September 1, 2023, Brock Lawrence, the company’s chief people officer, sold over 19,000 shares. The SEC had in the lawsuit charged Coinbase with operating the crypto trading platform as an unregistered national securities exchange, broker, and clearing agency. The complaint argued that the exchange had since at least 2019 unlawfully facilitated the buying and selling of crypto asset securiti...

A man from Minnesota has fallen prey to a crypto romance scam that has cost him a staggering $9 million. The scam originated from a LinkedIn connection that lured him with false promises of quick wealth and professed love. According to reports on Aug. 2, the scam involved instructing the victim to make substantial deposits from his US Bank account into other bank accounts for supposed crypto currency investments. However, instead of investing on the victim’s behalf, the scammers funneled the money into encrypted digital crypto wallets under their control. The victim was made to believe that he was investing in “Coinrule-web3.” He even witnessed apparent profits, reinforcing his belief in the scheme’s legitimacy. Unfortunately, this was all part of the deception, and the scammers eventually demanded an exorbitant $2.8 million fee to release the alleged windfall. You might also like: Scams surge, crypto regulation in US, Worldcoin’s privacy concerns |...

Also Read: Former MtGox CEO Makes New Revelation That May Excite Creditors advertisement Goolsbee explained that the Fed’s challenge will be to contain inflation without causing a major recession. Meanwhile, uncertainty around interest rates and the macroeconomic scenario has generally been bullish for Bitcoin price, given that traders would look to risky bets in the Crypto Market when fear, uncertainty and doubts persist in the financial markets. Inflation Vs Unemployment Speaking to Reuters, the Chicago Fed President said the US central bank will have to tread carefully between keeping the deflationary path going and avoid huge rise in unemployment. Incoming data on inflation and the unemployment rate will dictate whether or not the US Federal Reserve will be able to curtail inflation while preventing a major recession. “Hopefully we’re going to continue to see improvement on the inflation front; I kind of think that’s the key...

Lummis Aims For Crypto Regulation In US Working alongside Senator Kirsten Gillibrand, Lummis has been working on a revamped bipartisan effort to introduce comprehensive regulations for cryptocurrencies. This legislative endeavor is expected to gain traction on Capitol Hill later this year, paving the way for a much-needed framework in the rapidly evolving digital asset space. Read More: Hong Kong Legislator Invites Coinbase To Establish Crypto Operations While highlighting the fact that the opposition successfully thwarted the inclusion of a 30% digital asset mining tax in the recent debt ceiling deal, Lummis emphasized that the fight to establish a clear regulatory landscape for the crypto sector is far from over. We successfully prevented @POTUS' 30% digital asset mining tax from being included in the debt ceiling deal but the fight is far from over. Recommended Articles Crypto ...

Also Read: Binance US To Remove Hundreds Of Trading Pairs; Halts OTC Trading advertisement Meanwhile, US lawmakers are pushing for clear stance on which crypto currencies to categorize as securities versus commodities through a draft proposal. Overall, the Crypto Market ecosystem in the United States looks to be a negative environment until there are clear laws. USDC To Have Competitive Advantage? As has been seen in the back to back lawsuits against Binance and Coinbase, it is argued that US regulators like the Securities and Exchanges Commission (SEC) is biased against non-US based crypto businesses. Hence, it has long been speculated that USDC would be favored by the U.S. government over the top stablecoin Tether (USDT). Also, Allaire maintained that Circle’s compliance of financial regulations will eventually give USDC an advantage over its rivals. Speaking about the stablecoin bill recently proposed in the U.S. House of Representatives, t...