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SEC's Lack Of Action On Crypto Regulation Triggers Coinbase's Legal Challenge
Friday, December 15, 2023 - 4:40pm | 552Crypto exchange Coinbase Global Inc. (NASDAQ: COIN) is set to challenge the U.S. Securities and Exchange Commission (SEC) in court following the regulatory body's refusal to establish new rules for cryptocurrencies. The Securities and Exchange Commission (SEC), led by Chair Gary Gensler,...
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Will Donald Trump, Robert Kennedy And Vivek Ramaswamy Face The Crypto Community At Upcoming Forum?
Tuesday, December 5, 2023 - 5:34pm | 377The Stand with Crypto Alliance invited U.S. presidential candidates -- Donald Trump, Robert F. Kennedy Jr., and Vivek Ramaswamy -- to its upcoming forum. As of now, Ramaswamy has confirmed his attendance at the forum. Whether Trump and Kennedy Jr. will show remains to be seen. What Happened: The so...
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Bitcoin ETFs: Taiwan Takes Caution Despite Global Frenzy, Citing Crypto Volatility
Tuesday, December 5, 2023 - 11:30am | 514Taiwan is cautiously approaching the introduction of cryptocurrency exchange traded funds (ETFs), with the Financial Supervisory Commission (FSC) indicating a need to closely monitor global trends in the crypto market. What Happened: The FSC has noted the significant price volatility in...
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With Charlie Munger's Death, Bitcoin's Greatest Critic Departs
Tuesday, November 28, 2023 - 6:07pm | 565The world of finance mourns the loss of Charlie Munger Tuesday, the renowned investor and business partner of Warren Buffett who died at 99. Known for his significant contributions to the investment world and his work alongside Buffett at Berkshire Hathaway Inc (NYSE: BRK-A) (...
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Canada's Crypto Crackdown: Can Transparency Safeguard Country's Financial System?
Tuesday, November 21, 2023 - 12:13pm | 371Canadian regulators have initiated a consultation process focused on the public disclosure of crypto-asset exposures by federally regulated financial institutions (FRFIs). This development comes at a time when digital innovation is rapidly transforming the financial landscape. New forms of...
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New Policy Recommendations Aim To Provide Clarity On Crypto Regulatory Challenges
Friday, November 17, 2023 - 10:27am | 480A leading global standard-setter for securities market regulators, has released its highly anticipated Final Report with Policy Recommendations for Crypto and Digital Asset (CDA) Markets. This development marks a significant step in providing a coordinated global regulatory response to the evolving...
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JPMorgan Casts A Shadow On Bitcoin Rally, Questions Sustainability Post-ETF Hype
Thursday, November 9, 2023 - 1:42pm | 681JPMorgan (NYSE: JPM) analysts have cast doubt on the recent crypto market surge, describing it as “overdone.” They attribute the rally to two main factors: the potential approval of a spot Bitcoin (CRYPTO: BTC) ETF in the U.S., and recent legal victories for the crypto industry. However...
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SEBA Scores SFC License To Offer A Crypto-Related Suite Of Services In Hong Kong
Wednesday, November 8, 2023 - 12:11pm | 593SEBA on Wednesday announced it has extended its regulatory reach to Asia. What Happened: The crypto bank has a new license from the Securities and Futures Commission (SFC) in Hong Kong. Through its subsidiary, SEBA Hong Kong, the firm is now authorized to offer a wide array of regulated...
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Crypto Exchange Giant Coinbase Gets The Axe In Kazakhstan's Regulatory Crackdown
Tuesday, November 7, 2023 - 6:13pm | 729Kazakhstan’s authorities have confirmed the blocking of the website of Coinbase (NASDAQ: COIN), the world’s second-largest crypto exchange. Kazakhstan Blocks Coinbase: The block is a direct response to the company’s operations, which are said to contradict the nation’s...
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SEC Can't Find Crypto Policemen Due To This Pesky Rule
Monday, November 6, 2023 - 4:36pm | 641The U.S. Securities and Exchange Commission's Office of the Inspector General highlighted significant challenges faced by the agency in recruiting experts in the field of cryptocurrencies. Due to ethical rules that prohibit staff from holding investments in the areas it regulates, the...
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British Regulators Relegate Crypto To The Basement With Stablecoins Under Fire
Monday, November 6, 2023 - 12:45pm | 701Financial regulators are scrutinizing stablecoins tied to the British pound, citing concerns about their potential impact on the stability of the financial system. Authorities outlined their approach to managing risks associated with these digital assets, which would fall under the oversight of...
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Here's When You Can Expect The Greenlight For Spot Bitcoin ETF, According To Valkyrie
Friday, November 3, 2023 - 12:50pm | 645Steven McClurg is optimistic the U.S. Securities and Exchange Commission (SEC) might greenlight a spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) in the near term, possibly heralding a significant influx of investment dollars. McClurg is the chief investment officer at Valkyrie, which...
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Bankman-Fried's Father Paid Legal Bills With Alameda Research Money Gifted To Him: Report
Friday, November 3, 2023 - 10:49am | 680As Sam Bankman-Fried, the embattled founder of the now-defunct cryptocurrency exchange FTX awaits his sentencing, the source of his legal war chest has been a substantial monetary gift to his father, made with funds from a loan by FTX's sister company, Alameda Research, according to a...
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Prosecution Slams Sam Bankman-Fried's 'Jewelry Store' Defense In FTX Fraud Case
Thursday, November 2, 2023 - 3:38pm | 704In a dramatic turn of events at the trial of FTX founder Sam Bankman-Fried, the prosecution delivered a piercing rebuttal to the defense's arguments, likening the defendant's actions to stealing from a jewelry shop without a security guard. This vivid analogy was part of the...
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EXCLUSIVE: Bankman-Fried Trial Outcome Casts Positive Light On Blockchain Integrity, Says Wormhole Exec
Thursday, November 2, 2023 - 12:43pm | 676The trial of FTX founder Sam Bankman-Fried is another age-old story of a financial entity defrauding its users, according to Robinson Burkey of the Wormhole Foundation. The majority of the crypto industry will soon rejoice, Burkey predicts. “The majority of the crypto industry is going to be...