AmberCoin(AMBER)

Polygon’s native token, MATIC, has experienced a significant downturn this week, shedding approximately 23% of its value and currently trading at $0.677. In the midst of this market decline, Amber Group, a prominent player in the crypto space, made a notable move by recharging 12.75 million MATIC tokens to Binance, […]

Ether's 90-day puts trade more expensive than calls on Deribit for the first time since January, according to Amberdata.

Options implied volatility is overpricing the event, Amberdata's Greg Magadini said.

The Department of Energy's statistics wing is feigning an "emergency" to attack legitimate U.S. businesses and score political points, Texas Blockchain Council President Lee Bratcher and Chamber of Digital Commerce CEO Perianne Boring write.

Participants in the raise include Wintermute and Amber, in addition to other notable liquidity providers.

Q Protocol, which provides blockchain governance as a service to Web3 and decentralized autonomous organizations, will use the rules laid out by the International Chamber of Commerce (ICC)'s arbitration court to resolve disputes and enforce awards.

After being approved by the National Assembly Committee, Kenya’s Capital Markets (Amendment) Bill will be presented to the lower chamber of the parliament.

The proposed bill has gained approval from the Chamber of Deputies and is on its way to being approved by President Luiz Inácio Lula da Silva.

Blockchain protocol Algorand (ALGO) has expanded its footprint in India by securing new partnerships with NASSCOM, India's trade body and chamber of commerce for the tech industry, T-Hub, a prominent innovation hub, and the Mann Deshi Foundation which supports India's first rural bank for women.

We’re seeing decent progress on the CPI and hourly earnings trends, giving room for the Fed to speak in a continued dovish tone, Amberdata's Greg Magadini said.

The US Chamber of Digital Commerce says the SEC isn’t interpreting securities law properly.

The Chamber of Digital Commerce asserts that the SEC employs the enforcement-based method to classify digital assets as securities and impose penalties on cryptocurrency businesses.

The new advocacy group already represents over half the country’s Bitcoin hash rate and will seek to shape energy policy and champion Bitcoin and blockchain.

Attorney Patrick V. Kennedy files a motion to appear pro hac vice in the Coinbase vs. U.S. SEC lawsuit for the Chamber of Digital Commerce.

Seoul, South Korea, August 30th, 2023, Chainwire It brings together the most sought-after builders, enterprises, thought leaders, and innovators to spark crucial conversations that shape the future of the industry FactBlock, a Web3 ecosystem accelerator and the organizer of KBW2023 along with the co-host Hashed, a prominent Web3 venture fund based in South Korea, are delighted to announce that delegates attending the 6th Edition of the Korea Blockchain Week will get to witness the most influential people in the industry sharing their learnings and insights on every aspect of crypto, Web3 infrastructure and beyond. It’s where the change makers shape the narratives and set the agenda for the future. This year’s impressive speaker lineup features more than 200 thought leaders and builders including Ethereum Co-founder Vitalik Buterin, Circle CEO Jeremy Allaire, Wemade CEO Henry Chang, Maelstrom CIO Arthur Hayes, Hashed CEO Simon Kim, BitGo Co-founder and CEO Mike Belshe, Polygon Co-founder Sandeep Nailwal, Line Next’s Business Director Woosuk Kim, and SkyBridge Capital’s Founder and Managing Partner Anthony Scaramucci. Seonik Jeon, CEO of FactBlock, said, “Established in 2018 to rectify information imbalances in blockchain and cryptocurrency, KBW now enters its sixth year. Evolving annually, we provide global crypto communities with insightful knowledge, networking, and entertainment. This year, in addition to featuring renowned speakers and diverse sessions to share insights at the Impact conference, we are launching a Web 3-based art and music festival. We anticipate all KBW 2023 participants will relish an immersive week-long engagement with shared knowledge, art, music, and culture in Korea.” Attendees will also have more opportunities than ever before for networking, collaboration, and discussion. As Asia’s most impactful blockchain event, the week-long conference will be a platform where blockchain builders from all over the world discover the future of Web3, and explore its impact on various industries and cultures. The conference will take place from September 4 to September 10, with the main event, KBW: Impact, running from September 5 to 6 at The Shilla Seoul. Simon Kim, CEO of Hashed, stated “KBW is establishing itself as a B2B platform that goes beyond mere conferences and events, generating practical multinational business collaboration opportunities. In this event, we can anticipate not only the participation of exceptional speakers as mentioned above but also the excitement of more than 150 diverse side events scheduled to take place.” With the rising technology, institutional fever, and mass adoption in focus, the organizers aim to make KBW2023 an idea lab rather than an echo chamber. It’s where builders, investors, legacy finance executives, policymakers, and crypto-curious newcomers flock to exchange ideas, collaborate, and find solutions to some of the thorniest challenges facing the industry. The biggest highlight of the upcoming conference will be KBW: IMPACT, the main 2-day event that brings together thought leaders and crypto-curious from around the world to spark discussions along the following core themes: Fundamentals– Dedicated to answering the fundamental questions of blockchain and crypto. Kingdom of Ethereum – Shining light on the future of Ethereum infrastructure and community. Oil the Wheels – Addressing subjects that make blockchain ecosystem and developers’ growth. Way to Billions – Analyzing the key challenges and contributors to mass adoption. What's on Chain – Showcasing and harnessing the power of on-chain data for research, analysis, DeFi, risk management, and more. Regional Taste – A look at how the unique strengths of markets like Korea, Japan, India and Southeast Asia are helping them embrace blockchain technology. Tech Unleashed – A deep dive into emerging trends and technologies such as zero knowledge, shared sequencing, orderbook DEXes, privacy, interoperability, and more. Digital Nation – Dedicated to exploring how blockchain technology will shape the social structures with DAOs, decentralized social graphs, and metaverse. Institutional Fever – Dedicated to the B2B side of blockchain, it would serve as a bridge between Web2 enterprises, financial conglomerates, and Web3 projects. Code in Law – To help the industry players understand the regulatory landscape. The week-long industry gathering will spotlight three main events, an official afterparty, and almost two hundred side events. Highlights include the two-day keystone conference "Impact" on September 5th and 6th; the two-day immersive digital art experience "The Gateway: Korea” with nft now on September 7th and 8th; and the two-day music festival "Micro Seoul: Seoulbound" as the official closing ceremony of KBW. Rounding off the week, "Beyond Seoul" will take center stage as the official KBW afterparty from September 7th to 10th, celebrating the intersection of technology, culture, and self-expression. With over a hundred registered side events, attendees can expect a week brimming with engagement and insight. About Korea Blockchain Week Korea Blockchain Week is the premier blockchain and cryptocurrency event in Asia, bringing together industry leaders, investors, and enthusiasts worldwide to discuss and explore the latest developments and trends. Organized by Factblock and co-hosted by Hashed, the conference features a series of speeches and panel discussions by the leading minds of the blockchain space, as well as a rich selection of side events and networking opportunities to foster collaboration within the Korean and global blockchain community. Buy Tickets Attend as Media Discover Sponsors Check out FAQ Contact Itai [email protected]

Brazilian football legend Ronaldinho Gaúcho is embroiled in a cryptocurrency scandal, facing potential detention due to his alleged involvement in a pyramid scheme. Missed Testimony and Legal Implications The former football star's iconic status reportedly led to financial losses for numerous investors. As a result, he was summoned by the Brazilian Chamber of Deputies’ Financial Pyramids Committee to testify on August 24 regarding his alleged association with the companies 18kRonaldinho and LBLV. However, adverse weather conditions disrupted his travel plans, resulting in the cancellation of flights to the hearing's location in Porto Alegre. The committee has granted Ronaldinho another chance to testify, rescheduling the hearing for August 31. If he fails to appear again, authorities have warned that law enforcement agents could take more drastic measures. Key Players and Allegations Other than the former football player, the investigators are also looking into his brother Assis and business partner Marcelo Lara in their involvement in the venture. The firm, 18kRonaldinho, has been accused of orchestrating a cryptocurrency scam reminiscent of a pyramid scheme by allegedly promising daily returns exceeding 2%. The company lured investors to commit at least $30 worth of cryptocurrency. These investors are now demanding approximately 300 million reais or $61 million for the damages incurred. They claim the venture deceived them through false promises and illegitimate use of Ronaldinho's name and image. Ambassador or Accomplice? Despite the allegations, Ronaldinho is maintaining his innocence in the matter. His legal team has contended that he was merely an "ambassador" for the company, asserting that his name and image were exploited without proper authorization. They argue that he was also a victim of the fraudulent operation, similar to many investors. Despite Assis' claims that Ronaldinho has cooperated with investigations and provided clarifications to the nation's Public Ministry, lawmakers remain skeptical. They insist that Ronaldinho must testify in person to provide a firsthand account of his involvement. However, this isn't the first legal issue Ronaldinho has faced. In 2020, he and his brother Assis were arrested in Paraguay for using forged passports. This incident, combined with Assis' involvement in the ongoing cryptocurrency investigation, raises questions about their credibility. As the rescheduled hearing approaches, Ronaldinho's fate hangs in the balance. The authorities will scrutinize the football star's credibility and alleged role in the cryptocurrency scandal. Investors and fans alike await further developments in this unfolding controversy. Many other football players and sportsperson have hitched their wagons to several crypto projects. Ronaldinho himself has several other projects brewing in the space. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The United States Senate has passed an $886 billion military spending bill with strict anti-money laundering provisions for cryptocurrency. U.S. Senate Takes a Stand on Crypto On Thursday, the U.S. Senate made a significant move by passing the 2024 National Defense Authorization Act (NDAA), a $886 billion military spending bill that contains a provision that will significantly affect the crypto industry. Spearheaded by senators Kirsten Gillibrand, Cynthia Lummis, Elizabeth Warren, and Roger Marshall, the amendment aims to tighten oversight of financial institutions involved in crypto trading and clamp down on the use of crypto mixers and "anonymity-enhancing" assets. The senators hailed it as a substantial step in regulating crypto assets. Merging Existing Acts The amendment draws from two existing acts already presented earlier to the Senate. Elements from the 2023 Lummis-Gillibrand Responsible Financial Innovation Act and portions of Senator Warren’s and Senator Marshall’s Digital Asset Anti-Money Laundering Act, introduced in 2022, have been integrated into the bill. These additions mandate the Secretary of the Treasury to establish examination standards for crypto assets, helping with risk assessment and ensuring compliance with money laundering and sanctions laws. Furthermore, the Treasury Department will be required to conduct a study on countering anonymous crypto transactions, specifically targeting the use of mixers to obscure fund origins. Customary Approach To Legislation The inclusion of crypto-related provisions in a military bill may raise eyebrows. However, the practice of adding non-defense-related amendments to military bills is not uncommon. Furthermore, the senators have defended this move by highlighting the importance of combating illicit finance within the crypto industry. Senator Lummis emphasizes that this measure is crucial for identifying and rooting out bad actors in the sector. Additionally, the bill aims to address concerns related to national security, ensuring that crypto assets are not exploited to evade sanctions or fund terrorist activities. As the House has already passed its version of the NDAA, both chambers will now enter negotiations to reconcile differences and reach a consensus on the final version of the bill. This process is essential for the legislation's passage and enactment. Broader Regulatory Initiatives In conjunction with the NDAA, other congressional committees have also taken steps to address the regulatory challenges posed by the crypto industry. The House Agriculture Committee recently advanced the Financial Innovation Technology for the 21st Century Act to establish a federal regulatory framework for cryptocurrencies in the United States. The House Financial Services Committee passed its version a day earlier, focusing on establishing clear criteria for classifying crypto assets as securities or commodities. As the House and Senate continue their negotiations, the outcome will determine the extent of regulatory measures imposed on the crypto sector and its impact on financial institutions and traders alike. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Russia's bill regarding the digital ruble is now signed into law and will take effect on August 1, 2023. Russia’s CBDC Legislation Finally Signed into Law Russia moves forward with the launch of its central bank digital currency (CBDC), digital ruble, thus taking a step towards crypto regulation in the country. The digital ruble legislation bill was first introduced to the lower chamber of the Federal Assembly of the Russian Federation, the State Duma, in December 2022. The bill passed its first reading in March 2023 and its third final reading on July 11, 2023. On July 24, Russia’s president Vladimir Putin finally signed the CBDC bill into law which is scheduled to come into force on August 1, 2023. The new law introduces amendments to several articles of the Russian Federation Civil Code. According to the law, the digital ruble will be treated as a means of cashless payment. Russia’s central bank will be the main entity responsible for the digital ruble’s infrastructure and the safety of the stored assets. How the Digital Ruble Is Expected to Work The digital ruble is primarily designed to be a means of payment or a money transfer method and not aimed at investment purposes. Russia’s central bank reported that transfers and payments in digital rubles will be free for regular citizens, although corporate clients will have to pay 0.3% of the payment amount. The authorities have referred to the digital ruble as a “new opportunity for citizens and businesses”. It’s also important to note that the use of the new currency in the country will be completely voluntary. “No one is going to force anyone into the digital ruble. Its use is absolutely voluntary, it is an additional opportunity for people: they can use it if they want to.” – said the governor of Bank of Russia, Elvira Nabiullina. The government authorities previously reported that trials of the CBDC were to be run in collaboration with 13 local banks that have passed the necessary technical stages of preparation. The digital ruble wallet and transfers should be available in any of the Russian banks’ mobile apps, although all the operations will be carried out by the Central Bank itself. The Bank of Russia highlights the reliability, security, and efficiency of the CBDC operations thanks to their centralized regulation. Olga Skorobogatova, the Bank of Russia’s deputy governor, compared the digital ruble to other digital assets: "the digital ruble is not a cryptocurrency or a stablecoin, where either there is no issuer, or it is not clear who it is." The mass adoption of the digital ruble in Russia is expected in 2025-2027. The CBDC could be a way to avoid sanctions against Russia imposed by the West when making cross-border payments. It could also be part of the effort to regulate the use of digital assets in the country. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Document faces confirmation in the higher chamber of Russian parliament and, afterward, the President’s signature.

The UK parliament has passed a bill that could help the authorities to seize and freeze cryptocurrencies that have been used for crime. Cryptos Can Be Seized Under New Bill? In a significant move to combat cryptocurrency-related crime, the UK House of Lords has passed a bill that empowers authorities to seize and freeze digital assets involved in illegal activities. The legislation aims to address the growing concern of cryptocurrencies being exploited by criminals for money laundering, fraud, and other illicit purposes. The bill, titled “Economic Crime and Corporate Transparency Bill,” received overwhelming support from the House of Lords on Tuesday. Under the provisions of the bill, authorities will have the power to freeze and seize cryptocurrencies suspected to be linked to criminal enterprises. The bill had been previously amended to include terrorism cases. The legislation also mandates exchanges and custodian services to cooperate with law enforcement agencies, providing them with access to relevant transactional information. How Is The Bill Becoming A Law? The bill was first introduced in September 2022, when Director General of the National Crime Agency, Graeme Biggar, said, "Domestic and international criminals have for years laundered the proceeds of their crime and corruption by abusing U.K. company structures, and are increasingly using cryptocurrencies. These reforms – long awaited and much welcomed – will help us crack down on both." Later in March, the government revealed its three-year economic crime agenda which including the fight against criminal abuse of crypto. As a part of the agenda to help identify digital assets linked to criminal activities, crypto tactical advisers have been incorporated into nationwide police departments. In the next step, the bill will now proceed to the House of Commons for further review and debate. It will be passed back and forth between the chambers of Parliament until the House of Lords and the House of Commons both sign off on the document. Once an agreement is reached, it will be presented before the king, who can then sign it into law. UK Continues Its Crypto Stride The UK government has recognized the need to adapt its legal framework to keep pace with technological advancements and emerging threats in the digital realm. Most recently, the House of Lords passed the Financial Services and Markets Bill to regulate Bitcoin and crypto in the UK. By bringing cryptocurrencies under the purview of existing anti-money laundering and asset forfeiture regulations, the bill aims to close existing loopholes and strengthen the country's financial integrity. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The Financial Services and Markets Bill has received approval from the House of Lords and will enter the final stages before becoming legislation. The Financial Services and Markets Bill (FSMB) on Monday received approval from the second chamber of the Houses of Parliament, the House of Lords. The bill already received support from the House of Commons and will now enter its final stages: Consideration of Amendments and Royal Assent. Lawmakers indicated that the June 19 proceedings were part of a “tidy up” operation to ensure the bill is “effectual.” #HouseOfLords conducts ‘tidy up’ of the #FinancialServicesBill from 3.15pm before it is returned to @HouseOfCommons to consider Lords changes.

In Todays Headline TV CryptoDaily News: UK crypto, stablecoin laws approved by Parliament UK parliamentarians have voted through a new bill that could recognize crypto as a regulated activity in the country. The approval of the Financial Services and Markets Bill by Parliament’s upper chamber, the House of Lords, means the bill is going to enter the final stages before it is put into law. BOB coin prices slide Prices of meme coin BOB slid as much as 45% as its popular automated Twitter bot was suspended after the social media giant's owner Elon Musk called the account a “scam." Binance UK subsidiary cancels unused FCA permissions The UK subsidiary of the world’s largest crypto exchange has canceled its registration with the Financial Conduct Authority. Binance’s deregistration with the FCA did not have an operational impact, as it had never done business in the United Kingdom, the firm said. BTC/USD skyrocketed 1.4% in the last session. The Bitcoin-Dollar pair skyrocketed 1.4% in the last session. The CCI is giving a positive signal. Support is at 26035.3333 and resistance at 26873.3333. The CCI is currently in the positive zone. ETH/USD gained 0.5% in the last session. The Ethereum-Dollar pair gained 0.5% in the last session after rising as much as 1.6% during the session. The CCI is giving a positive signal. Support is at 1697.3267 and resistance at 1758.1467. The CCI is giving a positive signal. XRP/USD skyrocketed 1.4% in the last session. The Ripple-Dollar pair skyrocketed 1.4% in the last session. The Ultimate Oscillator is giving a negative signal. Support is at 0.4644 and resistance at 0.5087. The Ultimate Oscillator is currently in the negative zone. LTC/USD rose 0.3% in the last session. The Litecoin-Dollar pair gained 0.3% in the last session. The MACD is giving a negative signal. Support is at 75.31 and resistance at 79.41. The MACD is currently in the negative zone. Daily Economic Calendar: AU RBA Meeting Minutes The minutes of the Reserve Bank of Australia meetings give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee. Australia's RBA Meeting Minutes will be released at 01:30 GMT, Finland's Unemployment Rate at 06:00 GMT, and Japan's Capacity Utilization at 04:30 GMT. FI Unemployment Rate The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market. JP Capacity Utilization Capacity Utilization is the percentage of production capacity that is actually used over a short time period. It is indicative of overall growth and demand. DE Producer Price Index The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all states of processing. Germany's Producer Price Index will be released at 06:00 GMT, the US Housing Starts at 12:30 GMT, and the US Redbook Index at 12:55 GMT. US Housing Starts The Housing Starts captures how many new single-family homes or buildings were constructed. It is a key indicator of the housing market. US Redbook Index The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

U.S. Senator Cynthia Lummis joined Chamber of Digital Commerce CEO Perianne Boring on stage at Bitcoin Miami 2023 for a lengthy discussion on regulation.

The Chamber of Digital Commerce has urged Congress to set up a Digital Asset and Blockchain Technology Solarium Commission to develop crypto regulation.