Jai Sahu, Author at Coinroot

On March 27, Judge Katherine Polk Failla of the US District Court for the Southern District of New York decided the legal battle between the US Securities and Exchange Commission (SEC) and Coinbase can move forward. The judge’s verdict was delivered following Coinbase’s attempt to have the SEC’s lawsuit dismissed. This lawsuit claims the exchange […]

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Russian government agencies might be getting ready to officially recognize the practice of large-scale cryptocurrency mining. Yet, there’s still potential for a significant obstacle from a key government body. For a long time, miners have been requesting that Moscow formally acknowledge mining as a legitimate business activity. This month, they have proposed a new law […]

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The United Arab Emirates (UAE) is gearing up to introduce a central bank digital currency (CBDC) for both retail and wholesale transactions, as announced by the Central Bank of UAE (CBUAE) on Saturday. The national bank commenced its digital dirham implementation plan during a signing event on March 23, partnering with R3 and G42 Cloud […]

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Story Highlights Ripple’s technical lead alerts users to the risks of Automated Market Maker (AMM) deposits, advising caution. It’s recommended that users equally fund both assets in AMMs for a safer investment strategy. Schwartz discusses how trading issues arise when AMM liquidity doesn’t match deposit amounts. Ripple’s digital currency, XRP, is introducing an exciting development: […]

As interest in NFTs and Web3 begins to diminish, Starbucks has made the decision to shut down its Web3 loyalty program, Odyssey, which had been in beta since late 2022. According to the official FAQ, the beta phase of Odyssey is set to conclude on March 31, 2024. Users are urged to wrap up any […]

IRS’s Initial Prosecution for Crypto Tax Evasion Highlights Strengthened Enforcement Efforts A recent case involving crypto tax fraud underscores the IRS’s increased focus on enforcing tax laws in the cryptocurrency sphere. In a significant move, the agency, in collaboration with the Department of Justice, pressed criminal charges against Frank Richard Ahlgren III of Austin, Texas, […]

Crypto.com has been slapped with a €2.85 million ($3.1 million) fine by the Netherlands Central Bank for conducting business in the country without the necessary registration for a duration of two years. The sanction is aimed at Forix DAX Mt, Crypto.com’s Dutch trading arm. A statement on March 13 disclosed that the Apex Bank levied […]

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SEBI Chief Madhabi Puri Buch highlights the need for instant settlement in traditional markets to prevent investors from shifting to cryptocurrency. SEBI’s head states traditional markets need instant settlements to compete with crypto. “Investors are likely to move to crypto if traditional markets cannot offer tokenization and instantaneous settlement,” said SEBI’s Madhabi Puri Buch. The […]

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Thailand has given the green light to U.S. Spot Bitcoin ETFs for institutional players, indicating a notable change in its approach to cryptocurrency investments. MAIN POINTS Thailand permits institutional investors to engage in U.S. Spot Bitcoin ETFs. The SEC warns of the significant risks involved in investing in digital assets. Other international entities are also […]

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Mudrex, a startup supported by Y-Combinator and headquartered in California, has a branch that is officially registered with the Intelligence Unit of India. The cryptocurrency investment platform Mudrex is introducing U.S. spot-bitcoin exchange-traded funds (ETFs) to its Indian clientele. Initially, Mudrex will introduce four spot ETFs – BlackRock, Fidelity, Franklin Templeton, and Vanguard. The plan […]

Author: Jai Sahu

Coinbase SEC Lawsuit Advances After Judge Denies Dismissal

Crypto Mining Legalization Under Review by Russian Government Authorities

UAE Unveils Strategy for CBDC Implementation

Ripple’s CTO Urges Caution: Know AMM Risks Before Depositing!

Starbucks Shuts Down Its NFT-Based Loyalty Program, Odyssey

IRS Gets Serious: First Prosecution for Crypto Tax Evasion

Crypto.com fined €2.85 million by the Dutch Central Bank for regulatory noncompliance

India’s Market Regulator Urges Instant Settlements to Compete with Crypto

Thailand Allows U.S. Spot Bitcoin ETFs for Institutions, Highlighting Crypto Investment Shift

Mudrex, an Indian Cryptocurrency Investment Platform, Plans to Provide U.S. Bitcoin ETFs to Indian Investors

Russia Proposes 15% Tax on Crypto and Mining Restrictions

WazirX Plans to Launch New Decentralized Exchange

Binance, Indian Police Bust Energy Scam, Recover $100K USDT

Indian Govt. Officials Probe Crypto Exchange WazirX's $234M Hack

Dubai's VARA Updates Marketing Regulations and Guidelines for VASPs

Germany Shuts Down 47 Crypto Exchanges for Illegal Activities

𝗬𝗼𝘂𝗿 𝗜𝗻𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝘁 𝗖𝗿𝘆𝗽𝘁𝗼 𝗮𝗻𝗱 𝗚𝗹𝗼𝗯𝗮𝗹 𝗡𝗲𝘄𝘀 𝗔𝗹𝗹𝘆

Coinroot is dedicated to delivering current, accurate, and comprehensive news in the dynamic world of cryptocurrency and global events. We aim to simplify complex crypto-economic concepts for our audience, providing a trusted source of information for crypto enthusiasts and the wider public alike.