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Report: FTX Promised High Earnings to African Students That Successfully Recruited Fellow Learners
17.2.2023
The collapsed crypto exchange FTX reportedly used the lure of high earnings to convince African university students to become its ambassadors. In addition to encouraging new FTX investors to use the platform, student ambassadors were also required to teach them about crypto and the blockchain. Some...
Cardano Price Forecast as Founder of Crypto Capital Venture Says ADA is Likely Not a Security – ADA to the Moon?
16.2.2023
ADA, the ticker for cryptocurrency Cardano, the token that powers the smart-contract-enabled Cardano blockchain, is seeing a modest pull-back on Thursday in the wake of a ferocious two-day rally. Since Monday’s lows under $0.35, Cardano has seen a stunning nearly 18% rally, with ADA/USD last...
SEC Chairman Proposes Amending Federal Custody Rules to Cover ‘All Crypto Assets’
16.2.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal custody rules to cover “all crypto assets.” The SEC chief said: “Though some crypto trading and lending platforms may claim to custody investors’ crypto, that does not mean they...
Security Tokens and Tokenized Securities Are Not the Same Thing
15.2.2023
Income Movement Rightfulshare Says It Has Launched ‘First Unconditional’ Crypto UBI in South Africa
15.2.2023
Rightfulshare, an income equality advocacy movement, recently said it has launched what it describes as the “first unconditional” crypto universal basic income (UBI) transfer. According to Karen Jooste, the crypto UBI not only expands the possibilities for unemployed South Africans...
Crypto regulation decided by Congress, not the SEC: Blockchain Association
15.2.2023
The group's policy head doubted a divided Congress can create crypto legislation but said it doesn’t give regulators absolute authority in the interim
Stablecoins Are Not New. So Why Are Regulators Attacking Paxos?
14.2.2023
Stablecoins not the target in BUSD crackdown: Matrixport head of research
14.2.2023
Crypto financial service Matrixport’s head of research believes regulators are not targeting all stablecoins with the regulatory crackdown on BUSD issuer Paxos
Policymakers Need to Focus on Tokenization, Not Just Tokens
13.2.2023
Representing real-world assets on a blockchain could allow everyday Americans to buy into durable prosperity, says John Rizzo
Coinbase Argues Its Staking Services Are Not Securities, Criticizes SEC Regulatory Approach
13.2.2023
Coinbase, one of the biggest cryptocurrency exchanges in the U.S., has stated that the staking services offered on its platform do not constitute securities. The statements, made in the wake of the $30 million settlement that Kraken, another U.S.-based crypto exchange, completed with the U.S....
Are stablecoins securities? Well, its not so simple, say lawyers
13.2.2023
One lawyer said that while stablecoins are meant to be stable, buyers may possibly profit from a range of arbitrage, hedging, and staking opportunities
Bitcoin price eyes $22K rebound with BTC market structure 'not yet broken'
12.2.2023
Crypto sentiment is "hysterical" with Bitcoin under $22,000, but no major trend lines have been lost yet, one analyst argues
IMF Report on El Salvador’s Bitcoin Adoption: Risks Averted, but Transparency Needed
12.2.2023
According to a recent mission statement published by the International Monetary Fund (IMF), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states that the risks have not materialized due to the limited use of bitcoin. However, the United Nations financial...
Economist Peter Schiff Warns of Financial Crisis and ‘Much More Severe Recession’ Than the Fed Recognizes
12.2.2023
Economist and gold bug Peter Schiff has warned of a financial crisis and a much more severe recession than the Federal Reserve recognizes. “The economy is not only going to weaken, but weaken much more than the markets expect,” the economist stressed. Peter Schiff’s Warning Gold...
Ground Handling Firm to Use a Blockchain Document Solution at 28 Saudi Airports
11.2.2023
The Kingdom of Saudi Arabia-based airport ground handling services firm, Saudi Ground Services, has said it plans to implement a blockchain-based document solution that allows it “to issue over 10,000 digital documents annually including licenses.” According to the firm’s Ayman...
Former SEC Attorney: Kraken Action Not a Condemnation of 'Staking Writ Large'
10.2.2023
Zachary Fallon, a partner at law firm Ketsal, says that because the government agency relies on a circumstances based test, it may need to adjust its response to other crypto firms that engage in staking-as-a-service
Stablecoins Are Not Worth the Risk
10.2.2023
SEC Did Not Consult Industry Before Kraken Crypto Staking Charges: Commissioner Peirce
10.2.2023
The U.S. Securities and Exchange Commission did not attempt to consult with the crypto industry before this launching this week’s unregistered securities crackdown on staking-as-a-service, Commissioner Hester Peirce said Friday
Federal Reserve Officials Say More Interest Rate Hikes Are Needed to Curb Inflation
10.2.2023
Several Federal Reserve governors and presidents say that more interest rate hikes are needed to curb inflation. “We are not done yet with raising interest rates,” Fed Governor Lisa Cook said. “We need to raise rates aggressively to put a ceiling on inflation,” Minneapolis...
Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers
9.2.2023
Brian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. Armstrong insisted that “staking is not a security” and that the trend allows users...