Search
SEC Chairman Gary Gensler Warns AI Could Spark Financial Crisis in Next Decade
18.10.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that artificial intelligence (AI) could spark a financial crisis in the next decade. Noting that he has raised this concern at the Financial Stability Board and at the Financial Stability Oversight Council, the SEC chief...
Hong Kong’s attitude toward crypto sours after JPEX saga: Survey
18.10.2023
41% of respondents said they prefer not to hold virtual assets or cryptocurrencies — up 12 percentage points from an earlier study
SEC to Intensify Crypto Market Monitoring and Examinations
18.10.2023
The U.S. Securities and Exchange Commission (SEC) has published its examination priorities for 2024 which include crypto monitoring and examinations. The securities regulator disclosed: “Examinations of registrants will focus on the offer, sale, recommendation of, advice regarding, trading in,...
EU Formally Agrees on New Crypto Tax Data Sharing Rules
17.10.2023
The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities
Australia Government Wants Crypto Exchanges to Possess a Financial Services License
17.10.2023
Australia-based crypto exchanges may soon be required to hold a financial services license issued by the Australian Securities and Investments Commission. The Australian government expects to have the draft legislation ready in 2024. According to the proposals, crypto exchanges will be given...
SEC's Surrender: Bitcoin ETF on the Horizon, Experts Predict
17.10.2023
The Securities and Exchange Commission (SEC) has seemingly conceded its battle against a Bitcoin (BTC) exchange-traded fund (ETF) as the deadline for an appeal passed on Friday.
With the agency's inability to appeal a key court ruling, many now predict that a Bitcoin ETF will soon make its way...
FTC Warns Consumers Crypto Deposits Are Not FDIC Insured
17.10.2023
The U.S. Federal Trade Commission (FTC) has warned consumers that crypto deposits are not insured by the Federal Deposit Insurance Corporation (FDIC). “That money isn’t FDIC insured or protected if the crypto company goes under,” the agency cautioned. “If something happens,...
Wipe Out — Fake SEC Approval Report Erases $71M in Bitcoin Short Positions
16.10.2023
In the wake of fabricated news asserting the U.S. Securities and Exchange Commission (SEC) green-lit Blackrock’s Ishares spot bitcoin exchange-traded fund, short positions worth $78.92 million were cleared out. This sum represented 57% of the overall $136.29 million in short positions erased...
Bitcoin Surges on Fake Blackrock ETF Approval News: Misinformation Ripples Through Crypto Markets
16.10.2023
On a bustling Monday, the cryptocurrency-focused news platform Cointelegraph broadcasted that the U.S. Securities and Exchange Commission (SEC) had given the green light to Blackrock’s Ishares spot bitcoin exchange-traded fund (ETF). The unverified news spread like wildfire, and in its wake...
Bitcoin, Ethereum Technical Analysis: BTC Nears $28,000 as Hopes for Grayscale’s ETF Rise
16.10.2023
Bitcoin surged towards $28,000 on Monday, as markets continued to react to the Securities and Exchange Commission (SEC) decision not to appeal the Grayscale ruling. The decision now means that Graycale could soon move to convert its bitcoin trust into an exchange-traded fund (ETF). Ethereum edged...
SEC Suffers Another Setback Against Ripple — What Next?
14.10.2023
On October 3, U.S. District Judge Analisa Torres denied the Securities and Exchange Commission’s (SEC) interlocutory appeal of her July 13 decision. Judge Torres’ decision marked another public defeat for the SEC, and if you haven’t read about the case, check out our earlier...
CFTC Sues Former CEO of Crypto Lender Voyager for Fraud
14.10.2023
The U.S. Commodity Futures Trading Commission (CFTC) charged the former CEO of bankrupt cryptocurrency lender Voyager Digital with fraud. The regulator accused Stephen Ehrlich and the company of luring investors with promises of high-yield returns while breaking derivatives rules. Ehrlich was also...
SEC Reportedly Decides Not to Appeal Its Bitcoin ETF Court Loss Against Grayscale
13.10.2023
The decision, reported by Reuters, boosts the odds that Grayscale Investments will be able to turn its Grayscale Bitcoin Trust (GBTC) into a more investor-friendly ETF
Nigerian Court Convicts P2P Crypto Trader Accused of Operating a Pig Butchering Scam
13.10.2023
A Nigerian court recently convicted and fined a peer-to-peer (P2P) crypto trader accused of running a pig butchering scam. According to the Economic and Financial Crimes Commission, the crypto trader’s activities were “contrary to and punishable under the Cybercrimes (Prohibition etc.)...
Voyager Digital was ‘no better than a house of cards’ — CFTC commissioner
13.10.2023
CFTC Commissioner Kristin Johnson’s comments came after separate lawsuits from the CFTC and FTC were filed against Voyager and its former CEO Stephen Ehrlich
Voyager Ex-CEO Charged by U.S. Regulators With Fraud, Making False Claims
12.10.2023
U.S. regulators have targeted former Voyager Digital CEO Stephen Ehrlich with lawsuits claiming he engaged in fraud and deliberately misrepresented his customers’ government protections
Ethereum DeFi Protocol BarnBridge Faces SEC Action and Fines, Opens Token-Holder Voting
12.10.2023
Decentralized finance (DeFi) lending project BarnBridge has announced a token-holder voting to tackle the legal charges that the project is facing from the US Securities and Exchange Commission (SEC), along with fines.
BarnBridge confirmed in July that is it facing a probe from the US regulators...
State Securities Regulators Support SEC in Lawsuit Against Crypto Exchange Coinbase
11.10.2023
A group uniting regional securities regulators in North America has backed the U.S. Securities and Exchange Commission (SEC) in its Coinbase lawsuit. The move goes against arguments in favor of adopting dedicated rules for crypto assets in the United States as opposed to implementing existing...
Tesla CEO Elon Musk Predicts ‘Comprehensive Overhaul’ of SEC With 100% Probability
8.10.2023
Billionaire Elon Musk has called for a “comprehensive overhaul” of regulatory agencies, which includes the U.S. Securities and Exchange Commission (SEC). The Tesla and Spacex CEO added that there needs to be a commission to take punitive action against individuals who abuse their regulatory power...
Investment Manager Expects SEC to Approve All Bitcoin ETF Applications in 3-6 Months
7.10.2023
Steven Schoenfeld, former head of International Equity Product Strategy at Barclays Global Investors (now Blackrock), expects the U.S. Securities and Exchange Commission (SEC) to approve all spot bitcoin exchange-traded fund (ETF) applications in three to six months. He also anticipates that...