Former Ohio Senator Sherrod Brown, who lost his US Senate position in 2024 to Republican Bernie Moreno amid over $40 million in expenditures supported by the crypto sector, has initiated an election campaign for 2026.In a Saturday announcement, Brown stated he intends to contend for Republican Senator Jon Husted’s seat in the 2026 US midterm elections — Moreno, who triumphed over Brown in 2024, won’t seek reelection until 2030.The ex-senator, who was one of the more vocal advocates on crypto in the last Congress session, was defeated by Moreno with over 46% of the electorate after a digital asset-supported political…
Autore: wsjcrypto
CMB International Securities Limited, a division of the China Merchants Bank (CMB) — one of China’s leading financial institutions — has inaugurated a cryptocurrency platform in Hong Kong.As per a CMB WeChat announcement released on Monday, the bank has commenced providing virtual asset trading services. This launch follows the Hong Kong Securities and Futures Commission granting approval for the bank’s application for a virtual asset service provider license in mid-July.CMB’s Hong Kong crypto exchange facilitates around-the-clock trading of Bitcoin (BTC), Ether (ETH), and Tether’s USDt (USDT) for eligible investors. Documentation issued by the bank specified that only professional investors qualify…
“`html The Land Bank of the Philippines (LANDBANK) commemorated its 62nd anniversary by recognizing exemplary partners and clients who made significant contributions to nation-building with the Gawad TANYAG (Tanging Yaman at Galing) Awards on Aug. 8. LANDBANK honored remarkable individuals and organizations spanning various sectors—from agriculture and fisheries to micro, small, and medium enterprises, corporations, and financial institutions—whose accomplishments resonate with LANDBANK’s principles of excellence. #PoweredByLANDBANK #EmpoweringFilipinos #GawadTanyag2025 Spotlight is BusinessWorld’s sponsored section that provides advertisers the opportunity to amplify their brand and engage with BusinessWorld’s audience by sharing their stories on the BusinessWorld Web site. For further…
Due to specific regulations and judicial decisions, it is increasingly challenging to safeguard one’s privacy during online communications and transactions, but there are measures we can adopt to uphold our privacy, as outlined by Bitcoin policy advocate Freddie New during my recent discussion with him. Before delving into those measures, however, please allow me to provide some context on how online privacy has been adversely affected recently in both the UK and the US. July 25 ushered in the enforcement of the UK’s Online Safety Act, which mandates that UK internet users provide identifiable information before accessing certain websites to…
“`html Tax authorities in Jeju City, the capital of the South Korean island province of Jeju, have reportedly initiated the procedure of freezing and confiscating the cryptocurrency of individuals suspected of evading tax obligations. This action is part of a wider initiative that prompted officials to investigate 2,962 individuals in default for a total of 19.7 billion won ($14.2 million), to ascertain if they possessed crypto assets that could be seized to cover the outstanding debts, as reported by local media outlet Newsis on Saturday.During the investigation, tax officials scrutinized information from prominent South Korean cryptocurrency exchanges such as Bithumb, Dunamu’s…
“`html Trusted Editorial material, evaluated by top industry professionals and experienced editors. Ad Disclosure Crypto exchange Kraken has revealed a temporary halt on Monero (XMR) token deposits within its platform. This action is a reaction to the ongoing 51% assault on the Monero blockchain, a decentralized protocol focused on privacy. For clarification, a 51% attack denotes a scenario in which a coalition of miners achieves control of over 50% of a blockchain’s mining hash rate. On Tuesday, August 12, Qubic, a venture led by IOTA co-founder Sergey Ivancheglo, asserted that it has acquired dominance over the majority of the Monero…
“`html THE SECURITIES and Exchange Commission (SEC) seeks to ensure that independent directors of publicly traded firms possess security of tenure. SEC Chair Francisco Ed. Lim informed journalists on Friday that they are presently exploring the possibility of releasing a new memorandum circular on corporate governance, which will include provisions for the security of tenure for independent directors. Mr. Lim stated that independent directors ought to enjoy security of tenure throughout their nine-year term, allowing them to voice concerns regarding company policies without the anxiety of dismissal from their position. “We’re still deliberating on the matter because what I envision…
“`html Bitcoin’s price surge has encountered challenges over the last 48 hours, allowing bearish sentiments to resurface. Following a recent peak of $124,128 just three days prior, the foremost cryptocurrency has since retraced by approximately 4.8%, settling back into the $117,000 to $118,000 range at the time of this writing. This decline raises the potential that the widely awaited macro peak may have already occurred, and further declines may ensue if bullish energy remains absent. Related Reading Analyst Outlines Bearish Bitcoin Wave Structure Bitcoin appeared to be gaining traction in early August after bouncing off a dip around $112,000. However,…
The United States administration can acquire additional Bitcoin (BTC) for the US strategic reserve by reallocating portions of the tariff revenue surplus into BTC purchases, as stated by Adam Livingston, author of “The Bitcoin Age and The Great Harvest.”Livingston suggested utilizing a segment of the surpluses accrued from trade tariffs each month and directing that into secure, cold-storage BTC that is neither traded, staked, sold, rehypothecated, allocated for programs, used to secure loans, nor lent out for yield. He remarked:“As of July, we’ve collected $135.7 billion in customs duties — twice last year’s rate. Allow me to reiterate that we’re…
Japan’s Financial Services Agency (FSA) is gearing up to authorize the issuance of yen-backed stablecoins as soon as this autumn, representing the inaugural instance of the nation permitting a domestic fiat-pegged digital currency.The Tokyo-based fintech company JPYC plans to register as a money transfer service within the month and will spearhead the launch, as reported by Japanese news source The Nihon Keizai Shimbun on Sunday.JPYC is engineered to uphold a stable value of 1 JPY = 1 yen, supported by highly liquid holdings such as bank deposits and Japanese government bonds. Following purchase requests from individuals or organizations, the tokens…