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SEC Chair Gary Gensler Issues Crypto Investing Advice — Lawyers See as Prelude to Spot Bitcoin ETF Approval
10.1.2024
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has advised investors to be cautious when considering crypto investments. His advice followed a series of warnings he issued the day before regarding the risks of crypto investing. The SEC is expected to green-light multiple spot...
SEC Chair Gary Gensler Issues Crypto Warnings as Spot Bitcoin ETF Decision Looms
9.1.2024
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has issued warnings about crypto investing amid soaring anticipation for potential spot bitcoin ETF approvals. The SEC chief stressed that crypto investors “should understand they may be deprived of key info”...
SEC Chair Gary Gensler Issues Twitter Thread Advising Crypto Investors Ahead of Potential Spot Bitcoin ETF Approval
8.1.2024
SEC chair Gary Gensler. Source: A video screenshot, YouTube / SEC The United States Securities and Exchange Commission (SEC) Chairman Gary Gensler has issued a warning for those considering investing in crypto assets ahead of potential Spot Bitcoin ETF approval. A thread ???? Some things to keep...
Bitcoin Price Prediction: SEC Alerts, ETF Optimism and a 6000% Growth Outlook
8.1.2024
In the rapidly evolving world of cryptocurrency, Bitcoin continues to capture headlines and investor interest, trading at $43,548 with a slight decrease of nearly 1% as of Monday. Amidst this fluctuating landscape, the U.S. Securities and Exchange Commission (SEC) has issued a fresh warning about...
Bankruptcy Move: FTX Ventures Cuts Deal with Dave for $100 Million Stake
6.1.2024
Source: Sora Shimazaki / Pexels Dave, a fintech firm specializing in financial services through its mobile application, is set to acquire a $100-million convertible promissory note previously issued to FTX Ventures, the venture capital arm of bankrupt crypto exchange FTX. The deal involves Dave...
CoinDCX Reports 2000% Increase in Deposits Since India’s Crackdown on Offshore Exchanges
5.1.2024
Source: Shutterstock India’s leading crypto exchange CoinDCX has reported a 2000% increase in deposits from customers since the finance ministry issued a show cause notice to 9 major offshore exchanges, including Binance on December 28. Offshore exchanges Binance, Kucoin, Huobi, Kraken, Gate.io...
Bain and Company: Tokenization Can Unlock a $400B Yearly Alternative Investment Opportunity
5.1.2024
A report issued in December by Bain and Company and JPMorgan executives recognized the impact that tokenization can have in bringing alternative investments (such as private equity, private credit, real estate, and hedge funds) to individual investors. The document states that this can be a $400...
Nigeria’s Central Bank Rolls Out Regulations For Financial Institutions Dealing with VASPs
4.1.2024
Source: AdobeStock The Central Bank of Nigeria (CBN) has issued new regulations to guide banks and other financial institutions that offer domestic accounts for virtual assets service providers (VASPs). In an official circular released on its website on Jan 3, the country’s leading banking...
South Korean Gaming Giant WeMade Must Pay $41M ‘Crypto Tax’ Bill
4.1.2024
Source: Zerbor/Adobe The South Korean gaming firm WeMade has been hit with a $41 million tax bill for its crypto-related activities. Yonhap reported that the National Tax Service (NTS) issued the bill following an investigation into the firm’s historic crypto business operations. The NTS said...
Former Binance CEO Changpeng Zhao Barred from Travel by US Judge
30.12.2023
Source: X / @cz_binance Former Binance CEO Changpeng Zhao, commonly known as CZ, has been blocked from traveling again as his sentencing for criminal charges approaches in late February. On December 29, in the U.S. District Court for the Western District of Washington in Seattle, Judge Richard...
China Tightens Grip on Cryptocurrency Trading, Targets Use of Tether in Foreign Exchange
29.12.2023
Source: AdobeStock / Wit Chinese authorities have issued a stern directive for an enhanced crackdown on the use of cryptocurrencies, emphasizing their role in illegal foreign exchange trading as part of ongoing efforts to mitigate financial risks. In a joint statement released on Wednesday,...
India’s Finance Ministry Seeks to Block Binance and Other Major Offshore Exchanges
28.12.2023
Source: Pexels The Indian finance ministry has issued compliance show-cause notices to nine offshore cryptocurrency exchanges, including major players like Binance, Kucoin, Huobi, and others, accusing them of operating illegally in India without adhering to local money laundering laws. The affected...
Crypto Guide for Seniors
26.12.2023
Source: Pixabay It’s never too late in life to dabble in cryptocurrency investing – For seniors unfamiliar with the sector cryptocurrency is a type of digital or virtual currency that uses cryptography for virtual transactions. Unlike traditional currencies issued by governments (like the...
Report: British Virgin Islands Court Freezes 3AC Assets Worth Over $1 Billion
23.12.2023
A court in the British Virgin Islands has issued an order to freeze assets worth over $1 billion belonging to the founders of the defunct crypto hedge fund Three Arrows Capital. The worldwide freeze order also bars Kelly Chen, the wife of Kyle Davies, from transferring or selling...
SEC Chair Gary Gensler Issues Crypto Warnings as Anticipation of Spot Bitcoin ETF Approval Soars
23.12.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has issued warnings regarding cryptocurrency investments. “There is a lot of noncompliance in the crypto space,” he stressed, emphasizing that it “undermines confidence when so many people have been hurt and...
Paxos Expands to Solana Following NYDFS Nod, Widening Stablecoin’s Horizon
22.12.2023
The tokenization and stablecoin platform Paxos has revealed plans to broaden its stablecoin issuance to the Solana blockchain. The company, which oversees the pax dollar (USDP), anticipates that Solana-issued USDP will be publicly available starting Jan. 17, 2024. Paxos Set to Launch Stablecoin...
Argentina’s President Javier Milei Issues Major Deregulation Measures via Executive Order
22.12.2023
Javier Milei, president of Argentina, has issued an emergency executive order repealing a series of laws to prepare the state for upcoming privatization and modernization moves. The executive order, which has 366 articles, touches on major aspects of Argentine life, including rents, job regulation...
Hong Kong Financial Regulator Prepared to Accept Applications for Spot Crypto ETFs
22.12.2023
Source: Adobe/leungchopan Hong Kong’s Securities and Futures Commission (SFC) has expressed its readiness to consider applications for spot crypto exchange-traded funds (ETFs). The SFC and the Hong Kong Monetary Authority (HKMA) have issued a joint circular addressing the increasing interest...
New York Offers New Virtual Currency Guidance
22.12.2023
On Nov. 15, 2023, the New York Department of Financial Services (NYDFS) issued new standards for virtual currency (coin) listings and delistings. These new regulations apply to Bitlicensees and limited-purpose trust companies and include business model considerations for virtual currency entities...
Economist Harry Dent’s Grim Prediction — 2024 Market Crash to Eclipse Great Depression
21.12.2023
In a recent interview with Fox News, renowned economist Harry Dent issued a dire prediction for the global economy, forecasting 2024 to be the year of the most significant financial crash in living memory. Citing a combination of overvalued markets, excessive stimulus spending, and artificial...