Bitcoin Rush, Regulations and More News
As more push for regulation continues to loom, we take a look at the top news in Cryptocurrency and Technology.
US House Financial Services Committee Passes Bill to Establish Regulatory Framework for Crypto
The U.S. House of Representatives’ Congressional committee has passed a crypto regulatory framework bill, signaling progress in the ongoing efforts to regulate the cryptocurrency industry.
The bill aims to establish a comprehensive regulatory framework for cryptocurrencies and other digital assets, addressing issues such as investor protection, market integrity, and consumer safeguards.
RFK Jr. Officially Confirms Recent Bitcoin Purchases
Robert F. Kennedy Jr. has officially admitted that he owns Bitcoin (BTC) despite previous denials.
The confirmation came during a Twitter Spaces on Wednesday with The Wolf of All Street podcast host Scott Melker.
“Right after the Bitcoin Conference, I decided to put my money where my mouth is and bought two Bitcoins for each of my seven children,” said Kennedy.
Apple Faces $1 Billion UK Lawsuit by App Developers
Apple has found itself the target of a 785 million pounds ($1 billion) class action lawsuit.
The suit was Filed by over 1,500 app developers in the UK over Apple’s App store fees. The lawsuit bothers mainly on the 15% to 30% commission that the company charges app makers for use of an in-app payment system.
XRP Crowned Top-traded Altcoin of the Year
XRP has been crowned the top traded altcoin of the year, as revealed by data from Kaiko, a cryptocurrency market data provider.
Despite facing regulatory challenges and legal battles, XRP has maintained significant trading activity, solidifying its position as a popular altcoin among traders.
CZ Reveals Binance Japan to Launch Services in August
Binance CEO CZ has announced that Japan operations will commence by August.
Prior to this recent development, the crypto company purchased the complete ownership of Sakura Exchange Bitcoin (SEBC), which is a crypto trading platform located in Japan. CZ disclosed this via a video at the Web3 conference WebX held in Tokyo on Tuesday, July 25.
According to the CEO’s remark, Japan’s clear regulatory atmosphere prompted Binance to establish its platform in Japan.
UK Crime Agency Scouts for Seasoned Crypto Investigators
The UK’s National Crime Agency (NCA) has announced its plans to hire crypto and blockchain investigators
These specialized investigators will be tasked with handling cases involving digital assets and blockchain technology to combat financial crimes and illicit activities within the crypto space.
Binance Withdraws Crypto License Application in Germany
Binance, the world’s leading Cryptocurrency exchange, has withdrawn its crypto license application in Germany.
This follows reports that the German financial regulator had denied the exchange a crypto custody license. A Binance spokesperson said, “Binance confirms that it has proactively withdrawn its BaFin application.”
