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North Dakota Senate Passes Crypto ATM Bill to Create Licensing Regime

Published

8 часов ago

19 марта, 2025

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The U.S. State of North Dakota is close to creating a licensing regime for crypto ATMs after its Senate passed a bill that provides a regulatory framework for the industry.

Originally introduced on Jan. 15, House Bill 1447 aims to protect consumers from scams involving crypto ATMs by mandating operators to issue on-screen fraud warnings to users, obtain money transmitter licenses, use blockchain analytics software to detect and combat fraud, as well as submit quarterly reports on kiosk locations and transactions.

Additionally, operators must appoint a compliance officer.

A report by TRM Labs found that crypto ATMs have facilitated at least $160 million in illicit transactions since 2019, CoinDesk previously reported, with law enforcement worldwide viewing them as a major money laundering and scam risk.

FTC data also shows a nearly tenfold rise in bitcoin ATM scam losses since 2020.

In the United Kingdom, the Financial Conduct Authority, the country’s markets regulator, has been increasing scrutiny on the sector with crackdowns on unregistered operators.

In 2024, the FCA charged Olumide Osunkoya for running illegal crypto ATMs that processed $3.4 million, marking the first such prosecution in the country. Osunkoya was recently sentenced to four years for his role in the illegal crypto ATM network, and was also convicted for forgery, using false identity documents, and possessing criminal property.

With rising fraud and regulatory scrutiny, the number of crypto ATMs are not growing despite BTC’s price growth in 2024. Market data from CoinATMRadar shows that the number of crypto ATMs in the U.S. has been roughly flat since 2022.

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XRP Zooms 10% as Garlinghouse Says SEC is Dropping Case Against Ripple

Published

2 часа ago

19 марта, 2025

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XRP jumped 10% on Wednesday during U.S. morning hours as Ripple CEO Brad Garlinghouse said the U.S. Securities and Exchange Commission (SEC) is set to drop its appeal against Ripple, the company closely adjacent to XRP tokens

«This is it – the moment we’ve been waiting for. The SEC will drop its appeal,» Garlinghosue posted on X. «A resounding victory for Ripple, for crypto, every way you look at it.»

Reports last week alleged that the long-standing legal battle between Ripple and the U.S. agency is nearing its end. The SEC’s lawsuit against the crypto company, which Garlinghouse described as the «first major shots fired in the war on crypto,» had resulted in $15 billion in losses for holders of XRP.

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CoinDesk 20 Performance Update: Index Rises 3.4% as All Assets Trade Higher

Published

2 часа ago

19 марта, 2025

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CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

The CoinDesk 20 is currently trading at 2652.8, up 3.4% (+86.98) since 4 p.m. ET on Tuesday.

All 20 assets are trading higher.

Leaders: NEAR (+7.3%) and AAVE (+6.1%).

Laggards: BCH (+1.9%) and BTC (+2.0%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

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Bitcoin, Ether, Solana Likely to See 3%- 5% Price Swings on FOMC Rate Decision, Volmex’s Data Suggests

Published

2 часа ago

19 марта, 2025

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The Federal Open Market Committee (FOMC), the U.S. Federal Reserve’s monetary policy-making body, is slated to publish its rate review later in the day, along with growth and inflation projections and interest rate forecast.

The widely-watched event is likely to breed crypto market volatility, spurring 3% to 5% price swings in bitcoin (BTC), ether (ETH) and solana (SOL). That’s the message from Volmex’s one-day implied volatility indices tied to BTC, ETH and SOL.

At 12:30 UTC, the bitcoin one-day IV index (BVIV) signaled an annualized volatility of 63.32%, equating to an expected 24-hour price swing of 3.31%. The daily move is calculated by dividing the annualized figure by the square root of 365, the total number of trading days in a year.

Similarly, ether and solana volatility indices suggested 24-hour price swings of 5.25% and 5.73%, respectively.

These figures might be scary for equity or currency traders but do not represent a major deviation from the normal in the crypto market. In other words, the Fed event, though pivotal, is unlikely to result in an immediate volatility explosion.

The central bank is widely expected to keep the benchmark borrowing cost steady while signaling an end of its prolonged quantitive tightening program. However, gains in risk assets may be tempered by a potential stagflationary adjustment in the summary of economic projections.