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Jamie Dimon Attacks Crypto Tokens as ‘Decentralized Ponzi Scheme’ But He’s Happy With Regulated Stablecoins
22.9.2022
Jamie Dimon, the chairman and CEO of Wall Street investment bank JPMorgan, has taken another swing at cryptocurrencies, with a particular focus on bitcoin (BTC), telling the U.S. Congress that cryptos were “decentralized Ponzi schemes”. At the same time, Dimon said he accepts the added value...
SEC Orders Crypto Firm to Pay Harmed Investors $35 Million — Charges Influencer Ian Balina
20.9.2022
The U.S. Securities and Exchange Commission (SEC) has ordered crypto firm Sparkster and its CEO to pay $35 million into a fund for distribution to harmed investors. The securities regulator also charged crypto influencer Ian Balina for promoting crypto tokens without disclosing compensation...
Gary Gensler Asks SEC Staff to Fine-Tune Crypto Compliance — Says ‘Vast Majority Are Securities’
12.9.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, revealed that he has asked staff at the SEC to fine-tune compliance for crypto tokens and intermediaries. He emphasized that the vast majority of crypto tokens are securities. SEC Chairman Gary Gensler on Crypto...
4 Crypto Tokens Reap Hashpower From The Merge, ETC Secures Most of the Hashrate Leaving ETH
9.9.2022
20 days ago, a poll was shared on Twitter asking miners where they planned to dedicate their hashrate, after The Merge transitions Ethereum into a proof-of-stake (PoS) blockchain. The proof-of-work (PoW) contenders at the time were tokens like ravencoin, ergo, flux, and ethereum classic. When...
IMF Warns of Further Crypto Selloffs and More Coins Failing
29.7.2022
A director with the International Monetary Fund (IMF) has warned of further selloffs in both crypto assets and equities. He further warned that more crypto tokens could fail. IMF Foresees More Crypto Selling Pressure Tobias Adrian, director of Monetary and Capital Markets for the International...
SEC Criticized for How It Regulates Crypto — Chair Gensler Says Most Crypto Tokens ‘Have Attributes of Securities’
25.7.2022
The U.S. Securities and Exchange Commission (SEC) has been heavily criticized for its approach to regulating the crypto sector. The criticism followed the securities regulator’s action against a former Coinbase employee in an insider trading case, in which the SEC named nine crypto tokens...
BNB Was the Top Ten’s Best Market Performer in Q2, Bitcoin Takes Second Place — Solana Performed the Worst
23.7.2022
With the first half of the year gone, statistics from the second quarter of 2022 indicate that the crypto economy has tumbled significantly in value, and crypto tokens in the top ten market positions have lost 30% to 60% in USD value during the past three months. Q2 data further shows that binance...
SEC Slaps Former Coinbase Manager With Insider Trading Charges — Identifies 9 Crypto Tokens as Securities
22.7.2022
The U.S. Securities and Exchange Commission (SEC) has announced insider trading charges against a former Coinbase manager, who has been arrested and is also facing criminal charges. The regulator has identified nine crypto tokens as securities in the complaint. U.S. Attorney Damian Williams says...
The Central African Republic Says Sale of 210 Million Sango Crypto Tokens to Commence in Late July
17.7.2022
The sale of the Central African Republic (CAR)’s 210,000,000 Sango coins is set to begin on July 25 and participating investors will have to buy tokens worth at least $500. In return for buying and locking in the Sango coins, investors will gain citizenship and a piece of real estate...
Rebase Token Economy Dropped From $8 Billion to $577 Million in 7 Months
11.7.2022
Seven months ago, the top rebase crypto tokens by market capitalization were collectively worth $8.03 billion and since then, the entire rebase token economy has lost more than 92%, dropping to $577 million. Olympus has dropped 99% since the asset’s all-time high (ATH), klima dao shed 99.9%...
Bollywood A-lister-backed GARI token plunge sparks rug pull rumors
5.7.2022
GARI token was launched by Salman Khan, an A-list celebrity from Bollywood, with an aim to help Indian creators monetize their content over a short video application Chingari
Terra’s Crypto Tokens UST and Luna Classic Mysteriously Pumped This Week, UST Climbed by 470%
1.7.2022
After the downfall of the two most popular crypto assets on the Terra blockchain, the digital currencies terrausd (UST) and luna classic (LUNC) increased a great deal in value against the U.S. dollar in recent times. During the last seven days, LUNC has risen 96.3% and the once-stable coin UST...
Rewards4Earth plans to roll out crypto rewards to 1000 sports clubs in Australia
1.7.2022
Even a small adoption of the reward token could see up to $300 million used to fund environmental initiatives and provide clubs with funding to benefit the community
SEC Chair Gensler Warns a Lot of Crypto Tokens Will Fail Following LUNA, UST Collapse
20.5.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that a lot of crypto tokens will fail and many crypto investors will get hurt following the collapse of terra (LUNA) and stablecoin terrausd (UST). SEC Chair Gensler’s Warning After LUNA and...
Terra’s Tendermint Touch — Cosmos-Based Token Economy Hit Hard by LUNA’s Demise
17.5.2022
Since last week’s Terra implosion and the demise of the blockchain project’s native token LUNA — and the algorithmic stablecoin terrausd (UST) — crypto tokens based on the Cosmos ecosystem have seen significant losses. Two months ago, the top Cosmos ecosystem coins...
Three Crypto Tokens to Invest in Now: NEAR Protocol (NEAR), Terra (LUNA), and Seesaw Protocol (SSW)
20.4.2022
A good investor is always on the move, looking for where they can get themselves in a project that can make potentially good returns on capital investments. One of these projects that have been popular amongst investors is simply crypto. Cryptocurrency is a sea of a lot of things, and in that...
Regulator in UAE’s Special Economic Zone Unveils Consultation Paper on ‘Crypto Tokens’
10.3.2022
The regulatory arm of the United Arab Emirates (UAE)’s special economic zone, the Dubai International Financial Centre (DIFC), has unveiled a consultation paper outlining its proposed regulatory regime for crypto tokens. Changes to the Draft Legislation The Dubai Financial Services Authority...
Building blocks: Gen Y can use tokens to get on the property ladder
11.2.2022
SEC Chair Gensler Discusses How Securities Laws Apply to Crypto Tokens — Won’t Say if Ethereum Is a Security
12.1.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has explained how securities laws apply to cryptocurrency tokens as he outlined the commission’s priorities in regulating the crypto space. “Our role at the SEC is to ensure that the public still gets...
Virtual Metaverse Plots Outpace Top NFT Collection Sales, Play-to-Earn Tokens Surged in Value This Year
6.12.2021
During the last seven days, virtual lands sold in the metaverse have outpaced a great number of non-fungible token (NFT) sales. Moreover, metaverse native crypto tokens like axie infinity, sandbox and decentraland and play-to-earn digital assets in general have jumped significantly in value this...