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Founder of SEC Office of Internet Enforcement Warns of Upcoming Regulatory Siege: ‘Get Out of Crypto Platforms Now’
10.6.2023
John Reed Stark, founder and former chief of the Office of Internet Enforcement of the U.S. Securities and Exchange Commission (SEC), has warned about a new regulatory “siege” against crypto platforms. Reed Stark believes that “crypto trading platforms are high-risk, perilous,...
Former CFTC Chairman Heath Tarbert Joins Circle as Chief Legal Officer
9.6.2023
Tarbert will guide the company’s global strategy as it contends with regulatory issues in the U.S
Report: Pan-African Crypto Exchange Mara Lays Off Majority of Employees
9.6.2023
African crypto exchange Mara has not only parted ways with a reported 85% of its staff but has cut the salaries of workers that have remained. Although Mara has cast the layoffs as an exercise which aims to remove redundant roles, former employees have said the startup’s ballooning marketing...
Circle hires former CFTC, US Treasury executive as chief legal officer
8.6.2023
Heath Tarbert will serve as the company's chief legal officer and head of corporate affairs, bringing experience with all three branches of government
Former Binance.US CEO Brian Brooks Says CZ Was in Charge of the Exchange, Not Him
8.6.2023
Brian Brooks, the former CEO of Binance.US, revealed why he left his post at the exchange, in court documents released this week.
In an interview transcript from December 2021 with the US Securities and Exchange Commission, Brooks was asked about Binance CEO Changpeng Zhao’s role at the...
Ron Paul Warns Fiscal Responsibility Act Will Erode US Dollar Value, Hasten Loss of Reserve Currency Status
8.6.2023
Former U.S. Representative Ron Paul has warned that the Fiscal Responsibility Act, recently signed into law by President Joe Biden, will escalate government spending, debt, and deficits. It will also erode the value of the U.S. dollar, “making it more likely that the U.S. dollar will lose...
Janet Yellen Urges Congress to Enact Stricter Regulations for Crypto Industry Amid SEC Shakedown
7.6.2023
In a recent statement, former U.S. Federal Reserve chair and current Treasury secretary, Janet Yellen, expressed her desire for Congress to enact more regulatory measures concerning the cryptocurrency industry. Yellen cited Treasury reports on cryptocurrencies that have pinpointed various risks...
Former Minnesota Vikings Co-Owner Slapped With 75 Month Jail Term for Processing $750M Worth of Crypto Transactions
7.6.2023
U.S. Attorney’s Office for the Southern District of New York announced on June 5 that the former co-owner of Minnesota Vikings, Reginald Fowler, has been sentenced to 75 months in prison for processing more than $700 million of unregulated transactions on behalf of crypto exchanges. Folwer...
Bitcoin Life Insurance Startup Raises $19M in Seed Rounds Led by Sam Altman and Gradient Ventures
7.6.2023
Meanwhile, a life insurance company that uses bitcoin, has accumulated $19 million through two seed funding rounds. The first round was led by Openai CEO Sam Altman and former Stripe executive Lachy Groom, while Google’s Gradient Ventures took charge of the second round. Crypto Startup...
Former Minnesota Vikings Co-Owner Convicted in $700 Million Cryptocurrency Scam
6.6.2023
The Manhattan federal court has convicted the former co-owner of the Minnesota Vikings, Reginald Fowler, for a $700 million crypto scam.
Washington Post reported that Fowler, aged 64, defrauded the Alliance of American Football (AAF), a now-shut-down professional football league, in a fraudulent...
Former Bitmex CEO Arthur Hayes Predicts Bitcoin Bull Market as US Economy Worsens
5.6.2023
Arthur Hayes, the former CEO of Bitmex, predicted the coming of a bitcoin bull market in the last two quarters of 2023. In his latest article, Hayes states that for investors, patience is vital, as he explains that the U.S. Federal Reserve will be unable to control inflation as the U.S. debt will...
Economist Larry Summers Urges Fed to Consider Half-Point Rate Increase in July
3.6.2023
Larry Summers, the American economist and former U.S. Treasury Secretary, believes that should the U.S. Federal Reserve refrain from increasing the benchmark interest rate this month, a half-point rate hike may be necessary for July. As per the CME Fedwatch tool, there is a 74% likelihood that...
Microsoft pens AI cloud computing deal with former Ethereum miner CoreWeave: CNBC
3.6.2023
The reported deal comes just a few days after CoreWeave announced an additional $200 million worth of funding via an extended Series B funding round
Former House Rep blames industry outsiders for associating crypto with bank's failure
31.5.2023
According to Barney Frank, Signature Bank's only issue prior to regulators seizing control in March was "crypto-fear inaccurate withdrawals."
Crypto Exchange Bybit Granted In-principle Approval to Operate in Kazakhstan
31.5.2023
Cryptocurrency exchange Bybit has received an in-principle approval to work in Kazakhstan, a jurisdiction increasingly seen by crypto companies as a gateway to the former-Soviet space. The trading platform wants to expand its presence in the region and other emerging markets. Bybit on Route...
SEC former chief warns influencers about persecution for crypto price manipulation
31.5.2023
SEC has started to clamp down on crypto influencers and has issued several fines and cease and desist orders over the past few years
Former Coinbase manager & brother settling insider trading charges
31.5.2023
The SEC ( Securities and Exchange Commission) announced that Ishan and Nikhil Wahi have agreed to settle insider trading charges. The former Coinbase product manager and his brother have been charged with insider trading of at least 9 crypto assets. These cryptocurrencies were available on Coinbase...
Former Coinbase Manager and His Brother Agree To Settle SEC Insider Trading Charges
30.5.2023
A former Coinbase manager and his brother have agreed to settle insider trading charges brought by a US regulator.
Ishan Wahi and his brother, Nikhil Wahi, agreed to settle those charges on Tuesday, according to the US Securities and Exchange Commission. ...
Read More: Former Coinbase Manager...
Former Coinbase Employee, U.S. SEC Settle Insider Trading Charges
30.5.2023
The U.S. Securities and Exchange Commission settled charges with a former Coinbase product manager and his brother tied to 2022 allegations of insider trading on certain cryptocurrencies listed by Coinbase, the regulator announced Tuesday
Trade Bloc of Former Soviet States Ditches Dollar in 90% of Settlements
27.5.2023
Trading within a Russia-led regional organization has effectively moved away from the U.S. dollar, according to the deputy head of the Russian government. The use of national currencies in the bloc’s transactions has reached around 90%, the official pointed out. EAEU Replaces Dollar in Trade With...