FinCEN Proposed Crypto Wallet Rule Frozen By Biden – January 21


📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$33,198

Bitcoin price is sliding further heading into Thursday, as price briefly falls through the $33,000 level.

Top-20 altcoins also continue to follow suit, as Ethereum falls another 8%, XRP drops almost 5%, and Litecoin takes an 11% tumble.

Top Stories for January 21, 2021 🔥

👉 FinCEN Proposed Crypto Wallet Rule Frozen By Biden

FinCEN’s controversial proposed crypto wallet rule has been frozen – along with all agency rulemaking – by new US president Joe Biden.

If enacted, the rule would force exchanges to keep personal details on customers transferring more than $3,000 in crypto per day, as well as file currency transaction reports for transactions of over $10,000.

The administration had only provided a 15 day comment period on the rule, just a quarter of the more-common 60 days.

👉 BitMEX Research Detects Double-Spend On Bitcoin Network

A double-spend transaction has been identified on the Bitcoin blockchain by BitMEX Research, with a value of just $21.

The research team provided mixed messages on the origin of the double-spend, at first claiming it was not the product of a common “replace-by-fee” transaction, but later backtracking on the statement.

👉 Tether Lawyer Claims Firm Has Almost Produced All NYAG-Requested Docs

A recent court filing has shown that Tether and Bitfinex have provided almost all of the documents requested by the New York Attorney General, in a drawn-out court case between the parties.

Tether and Bitfinex had attempted to avoid producing the documents throughout the proceedings in 2020, before being ordered to do so by the court.