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US Regulators Have Imposed $2.5 Billion Penalties on Crypto Firms and Individuals – Regulation Bitcoin News

A new report shows that U.S. regulators have imposed fines and penalties totaling $2.5 billion on crypto firms and individuals so far. The U.S. Securities and Exchange Commission (SEC) has imposed the most fines, followed by the Commodity Futures Trading Commission (CFTC). Meanwhile, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) is the latest government agency to come after crypto firms. ....

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Grayscale Becomes Official Digital Currency Asset Management Partner of New York Giants

Grayscale Becomes Official Digital Currency Asset Management Partner of New York Giants
May 6 2021 · 09:19 UTC | Updated
7 hours ago
Giants Chief Commercial Officer, Pete Guelli; Grayscale CEO, Michael Sonnenshein. Photo: New York Giants
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The New York Giants did an evaluation of the crypto space before concluding in collaborating with Grayscale.
The world’s largest cryptocurrency asset manager, Grayscale has recently announced a partnership with the American football team The New York Giants. Grayscale has now become the first crypto partner of an NFL team. Also, the partnership makes Grayscale the Official Digital Currency Asset Management Partner of the American football team. ....

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Spanish bitcoin startup Bitnovo is working on a universal POS for stores to accept cryptocurrencies as a means of payment

Spanish bitcoin startup Bitnovo is working on a universal POS for stores to accept cryptocurrencies as a means of payment
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Cryptocurrencies have been on everyone s lips over the last few weeks due to their sharp rise in price and the popularized dogecoin, both driven to some extent by Elon Musk s tweets.
Other institutional investors and large corporations have also shown their support for these assets in recent months. Significantly, Paypal, which drove up the price of bitcoin in October and marked the start of a bull
rally in which the cryptocurrency is still riding.
Encouraged by the price rise and institutional backing, ....

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IPO Mania | Eight Crypto Firms Eye Initial Public Offerings; Investors Worried About Froth: Report

IPO Mania | Eight crypto firms eye initial public offerings; investors worried about froth: Report
There are concerns that IPOs are just as chronically frothy as the cryptocurrency, and together they may result in a market bubble.
January 24, 2021 / 07:02 PM IST
The red-hot IPO mart is likely to get hotter as after observing how investors turned around the fortunes of several blank-cheque companies and firms that made their market debuts, at least eight companies dealing in cryptocurrency are planning to go public, as per a report.
According to Renaissance Capital, among the new entrants could be crypto firms such as Coinbase, eToro, MicroBT, Gemini Trust Co, Bitmain Technologies, and Bitfury, said a Business Standard report quoting news agency Bloomberg. ....

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Paxful to Enforce Mandatory ID Verification in Cameroon Starting December 2020

Bitcoin KE
Cameroon is the only African country out of a list of 43 countries where ID verification on Paxful will be mandatory.
In a blog post, Paxful stated that users from these countries have until December 2020 to verify their identity on the platform. Non-compliance will result in limited use on Paxful such as the inability to trade or create offers.

Nigeria
CFA Franc is the official currency of Cameroon
The move to enforce mandatory verification was likely influenced by these high trading volumes and the need to ensure security for both vendors and users of the platform.
In early 2020, Paxful partnered with Chainalysis, the leading blockchain and crypto analysis firm globally, for increased overwatch of transactions on the platform. ....

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