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Ethereum’s Subdued Market Performance Follows US Approval of Spot ETFs
24.5.2024
Following the approval of several spot ethereum exchange-traded funds (ETFs) in the U.S., ether’s price has been rather subdued, ranging between $3,640 to $3,740 over the last 12 hours. There’s wasn’t really any substantial upticks other than when the rumors of the approval...
FIT21 Bill Seen As Solution to US Crypto Exodus Concerns, Paving Way for Thriving Market
24.5.2024
The FIT21 approval on Wednesday would align the US with other nations in terms of its regulatory framework for crypto, according to Kyle Bligen, director of financial policy at the Chamber of Progress.
The post FIT21 Bill Seen As Solution to US Crypto Exodus Concerns, Paving Way for Thriving Market...
IMF Calls Zimbabwe’s Gold-Backed Currency an ‘Important Policy Action’
24.5.2024
The International Monetary Fund (IMF) has stated that Zimbabwe’s recently introduced gold-backed fiat currency represents a significant policy step. This is the IMF’s first substantial comment on the currency since its inception. The global lender has reportedly announced plans to send a team...
Indian Central Bank RBI Warns Retail Investors of Crypto’s Lack of Accountability and Stability
24.5.2024
The Reserve Bank of India (RBI)’s May 2024 bulletin warns retail investors that “the crypto ecosystem lacks accountability and stability and is marked by regulatory ambiguity.” The Indian central bank also cautioned that some cryptocurrency systems may be “prone to crisis...
CBDC Anti-Surveillance State Act passes US House in partisan vote
23.5.2024
The potential misuse of the CBDC technology trumped arguments about innovation or even good legal drafting
Crypto for Advisors: Bitcoin ETF vs Direct Ownership
23.5.2024
This article aims to provide financial advisors with a detailed comparison of these investment vehicles, addressing key aspects such as management, custody, trading, and tax implications to inform both advisors and their clients better
Disgraced FTX Founder Sam Bankman-Fried is Being Transferred to California Prison
23.5.2024
Sam Bankman-Fried, sentenced to 25 years for financial fraud, is being moved to a federal correctional facility in California despite his request to stay in New York for appeal preparations.
The post Disgraced FTX Founder Sam Bankman-Fried is Being Transferred to California Prison appeared first...
House Passes Landmark Crypto Bill Marking ‘Historic Day’ for Americans
23.5.2024
The U.S. House of Representatives has approved the Financial Innovation and Technology for the 21st Century (FIT21) Act for the regulation of crypto assets despite opposition from President Joe Biden and SEC Chair Gary Gensler. This landmark legislation secured a bipartisan approval with a vote...
The Financial Innovation and Technology for the 21st Century Act Is a Watershed Moment for Our Industry
22.5.2024
U.S. House Set to Vote for First Standalone Crypto Market Structure Bill
22.5.2024
The U.S. House of Representatives is poised to vote in favor of a crypto market structure bill as a standalone piece of legislation for the first time
Biden Administration Announces Opposition To FIT21
22.5.2024
President Joe Biden’s administration will oppose the passage of Financial Innovation and Technology for the 21st Century Act (FIT21), a Wednesday statement from the White House claims. The White House's announcement comes the same day of the bill's vote in the House of Representatives.
The post...
Prosecutors Recommend 5-7 Year Sentence for Former FTX Executive Ryan Salame
22.5.2024
Prosecutors have proposed a prison term of five to seven years for Ryan Salame, a former executive at FTX, ahead of his sentencing scheduled for May 28, 2024. This recommendation contrasts sharply with Salame’s legal team’s plea for a more lenient punishment of no more than 18 months. Clash Over...
WisdomTree Secures Permission To List Crypto ETPs On the London Stock Exchange
22.5.2024
On May 22, WisdomTree was given permission by the Financial Conduct Authority (FCA) to list WisdomTree Physical Bitcoin (BTCW) and WisdomTree Physical Ethereum (ETHW), two of its cryptocurrency exchange-traded products (ETPs), on the London Stock Exchange (LSE).
The post WisdomTree Secures...
A Financial Professional's Guide to Consensus 2024
22.5.2024
SEC fines NYSE parent company $10M for failing to report cyberattack
22.5.2024
The Intercontinental Exchange will pay a penalty for failing to timely inform a cyber intrusion. The enforcement action affected several ICE subsidiaries, including the New York Stock Exchange
SEC Chair Gary Gensler Slams FIT2I, Cites “Immeasurable Risk” To Investors
22.5.2024
United States Securities and Exchange Commission (SEC) Chair Gary Gensler released a statement Wednesday morning criticizing the Financial Innovation and Technology for the 21st Century Act (FIT21), claiming it would present "immeasurable risk" to investors and markets. Gensler's commentary comes...
BoE regulatory 'culture shift' could open door to new tech
22.5.2024
The Bank of England's proactive regulatory shift aims to integrate emerging technologies, highlighted by the introduction of the Digital Securities Sandbox
Ether ETF confirmed? VanEck spot Ether ETF listed by DTCC
22.5.2024
VanEck’s ETF is currently designated inactive on the DTCC website, meaning it cannot be processed until it receives the necessary regulatory approvals
SEC's Gensler Says House Bill Would 'Undermine' Regulator's Crypto, Capital Markets Oversight
22.5.2024
The Financial Innovation and Technology for the 21st Century Act would hurt investors and hamper the U.S. Securities and Exchange Commission's work, SEC Chair Gary Gensler said Wednesday
Former Treasury Official Graham Steele Gets Pushback On FIT21 Take After DIFA Petition Criticism
21.5.2024
Former U.S. Treasury Graham Steele is receiving backlash after he took to X Monday morning to scrutinize a petition created by Digital Innovation For America (DIFA) for the Financial Innovation and Technology for the 21st Century Act (FIT21). The bill is set for a full House vote taking place...