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SEC Denies Coinbase’s Petition for Clear Crypto Regulation — Exchange Responds by Taking the Regulator to Court
17.12.2023
The U.S. Securities and Exchange Commission (SEC) has rejected cryptocurrency exchange Coinbase’s petition for regulatory clarity in the crypto industry. SEC Chairman Gary Gensler backs his agency’s decision to deny Coinbase’s petition. In response, Coinbase has pursued legal...
IMF Chief Calls for Clear Crypto Regulation — Warns High Crypto Adoption Could Undermine Financial Stability
16.12.2023
The head of the International Monetary Fund (IMF) has called for clear crypto regulations worldwide, cautioning that high crypto adoption could undermine macro-financial stability. “Our goal is to make a more efficient, interoperable, and accessible financial system by providing rules...
CFTC Proposes New Rule to Strengthen Customer Protections After FTX Collapse
14.12.2023
Source: Pixabay The Commodity Futures Trading Commission has voted on a proposal to introduce a rule aimed at enhancing safeguards for individuals engaging in trades through a derivatives clearing organization. The rule, called the “Protection of clearing member funds held by derivatives clearing...
IMF Head Urges For Clear Rules and Infrastructure to Curb Crypto Risks
14.12.2023
Source: iStock Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), addressed ways to curb cryptocurrency risks on financial stability. Georgieva stressed that crypto assets need to be regulated with clear rules and infrastructure. Speaking at an international...
Senate Coalition Grows to Crack Down on Crypto’s Use in Illicit Finance
13.12.2023
U.S. Senator Elizabeth Warren’s bill to crack down on crypto’s use in illicit finance has gained more support among lawmakers. “The Treasury Department is making clear that we need new laws to crack down on crypto’s use in enabling terrorist groups, rogue nations, drug lords...
Why Are Early $DOGE Investors Stacking This New Meme Coin?
4.12.2023
Majors rising across the board, stablecoin supply going up, and institutional money scrambling to get on-chain ahead of the Bitcoin ($BTC) Spot ETF. The trajectory is already clear and soon the pre-bull market phase will give way to the authentic bull market. That means another memecoin season...
Celsius Network’s Bitcoin Mining Pivot Faces Hurdles, Judge Suggests New Vote
1.12.2023
Source: Adobe Celsius’ Bitcoin (BTC) mining plans face obstacles as a United States judge hints at a possible new vote to clear deviations. According to a Reuters report on Nov 30, Celsius may require another creditor vote to change its business operations from a mining and staking enterprise...
‘Clear runway’ opens for all Bitcoin ETF approvals in Jan: Analysts
29.11.2023
The SEC’s delays on two spot Bitcoin ETFs could mean it’s lining up to approve all pending applications in one swoop, say analysts
Jim Cramer Shifts to Bullish Outlook for Bitcoin – Will the Inverse Cramer Curse Still Play Out?
28.11.2023
Jim Cramer. Source: CNBC Jim Cramer – the eccentric host of CNBC’s finance show “Mad Money” – has flipped bullish on Bitcoin (BTC), signaling to some investors that it might be time to sell. The famous commentator has spent the past 12 months urging investors to steer clear of crypto markets...
4 Common Cybersecurity Risks To Your Crypto Wallet
23.11.2023
Crypto wallets are vulnerable to hacking. In 2022, cybercriminals stole 3.8 billion worth of crypto. For this year, it’s still not clear how much crypto has been stolen altogether, but it’s estimated that 1.89 billion has been taken from heists alone. What are some of the common cybersecurity...
Coinbase Seeks US Court’s Assistance to Compel SEC on Crypto Rule-Making
22.11.2023
Source: AdobeStock Brian Armstrong-led cryptocurrency exchange Coinbase has again called on the US justice system to persuade the Securities and Exchange Commission (SEC) to provide clear regulatory guidelines on crypto assets. According to the centralized digital asset trading firm,...
JPMorgan: US Crypto Regulations Unlikely to Ease Despite SEC Legal Defeats
13.11.2023
Global investment bank JPMorgan has warned investors that U.S. crypto regulations are unlikely to ease, even though the Securities and Exchange Commission (SEC) has lost several recent court cases against crypto firms. “It is far from clear that the regulatory tightening of the crypto...
US Regulator to Continue Going After Crypto Entities Despite Court Setbacks — Expert
9.11.2023
The U.S. Securities and Exchange Commission is unlikely to issue clear guidelines on the application of the law against the crypto industry before its case against Ripple is finalized, an industry expert has said. The U.S. securities regulator only needs to provide “additional facts”...
Crypto Firms in Dubai Have Until Nov. 17 to Clear all Licensing Requirements: VARA
7.11.2023
Source: Pixabay Dubai’s Virtual Asset Regulatory Authority (VARA) has set a new deadline for all crypto-related businesses to clear their licensing papers. VARA, the license issuing authority for crypto firms, wants all digital asset service providers to get licenses by November 17. According...
Hong Kong Regulator Planning to Widen Purview of Virtual Assets Supervision
6.11.2023
The Hong Kong Monetary Authority is reportedly planning to expand the purview of its supervision of virtual assets to include entities that issue stablecoins. The Hong Kong regulator said it also wants to create a framework that governs banks’ provision of virtual asset custody services. Hong...
SEC Clashes With Do Kwon and Terraform Labs in Court, Alleging ‘Clear, Undisputed’ Fraud
6.11.2023
Last week, lawyers representing Terraform Labs and its ex-CEO Do Hyeong Kwon (Do Kwon) moved to dismiss the lawsuit brought against them by the U.S. Securities and Exchange Commission (SEC). In response, the SEC has countered with a motion of its own, asserting the accountability of both...
Tokenized Future: Hong Kong’s Regulatory Shifts Towards Digital Assets
2.11.2023
Hong Kong is mapping out clear guidelines for tokenization and digital assets. The city aims to achieve a mix of innovation and consumer protection for both the developers and the users. This initiative, as part of a broader push, is steered towards placing Hong Kong at the center of fintech...
Billionaire Stan Druckenmiller: I Don’t Own Bitcoin but I Should
2.11.2023
Renowned billionaire hedge fund manager Stanley Druckenmiller says he doesn’t own any bitcoin but he should. He sees the crypto as a brand. When comparing bitcoin to gold, he said: “It’s clear that the young people look at it as a store of value because it’s a lot easier...
SEC Commissioner Hester Peirce Challenges SEC’s Actions in LBRY Case
28.10.2023
Hester Peirce , a commissioner at the Securities and Exchange Commission (SEC), has expressed her strong disapproval of the agency’s handling of charges against cryptocurrency startup LBRY. In a statement released on Friday, Peirce, known for her favorable stance towards the crypto industry...
China Aiming for International Digital Yuan Expansion – e-CNY Going Global?
26.10.2023
There are clear signs China wants to take the digital yuan, its CBDC, into the global arena – with CIPS and BRI integrations in the pipelines. Per Alpha Factory (via EastMoney), fintech firms such as MOG Digitech Holdings are making headway in the CBDC sector, and are eyeing global uses...