NEWS | Goblin Crypto

Celsius Exchange Seizes Funds, Announces ‘Freeze’ on Trading After Users Race to Exit: ‘Necessary’ for ‘Our Entire Community’

06/12/2022 10:00 pm 01/18/2023 4:39 pm

Celsius Exchange announced Sunday that it was prohibiting users from moving their funds away from the platform until further notice, saying it was “necessary” for “our entire community.” “Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts,” the company said in a statement. “We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations.” Related: …

Celsius Exchange Seizes Funds, Announces ‘Freeze’ on Trading After Users Race to Exit: ‘Necessary’ for ‘Our Entire Community’ Read More »

Court Rules in Favor of Feds Ambushing Do Kwon at Crypto Conference

06/09/2022 7:00 pm 07/25/2022 7:10 am

A court ruled Wednesday that Terra (LUNA) founder Do Kwon must comply with a subpoena from the Securities and Exchange Commission, despite his objection that federal agents improperly delivered it to him by ambushing him at a conference in September. “The subpoenas were served as part of an SEC investigation into whether appellants violated federal securities laws in their participation in the creation, promotion, and offer to sell various digital assets related to the ‘Mirror …

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Coin Center Sues to Block the Feds’ Plan to Spy on Crypto Wallets

06/10/2022 10:00 pm 06/29/2022 6:28 pm

The nonprofit Coin Center filed suit on Friday against the Internal Revenue Service and U.S. Treasury Department, arguing that a tentative plan to spy on Americans who use cryptocurrency would violate their constitutional right to privacy. The suit is a response to a reporting provision contained in infrastructure legislation that President Joe Biden signed into law in November. The provision would require Americans to begin telling the feds whenever they move more than $10,000 in …

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Ray Dalio: Economic ‘Pain’ is Poised to Become So ‘Great’ that Central Banks Will be Forced to Give Up on Inflation

06/07/2022 8:00 pm 06/08/2022 6:48 am

Ray Dalio predicted Tuesday that economic “pain” will become so significant that central banks will be forced to take a less aggressive approach toward monetary policy by 2024. “We believe that we are in a tightening mode that can cause corrections or downward moves to many financial assets,” the Bridgewater Associates founder said in an interview with The Australian Financial Review. “The pain of that will become great and that will force the central banks …

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Lummis-Gillibrand Proposal Asks Senate to Put an End to Anonymous Crypto Developers

06/06/2022 10:00 pm 07/19/2022 10:36 pm

Sens. Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) are asking their colleagues in the Senate to put an end to anonymous cryptocurrency developers. That’s one detail contained in the latest version of the Lummis-Gillibrand Responsible Financial Innovation Act, which the bipartisan duo leaked to Barrons this week. Disclosure requirements detailed on page 13 of the proposal would apply to any “issuer engaged in business in or affecting interstate commerce, or that is organized outside of the United …

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