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EXCLUSIVE: 5ire CEO Unveils Transformative Blockchain Vision For Global Finance and Payments
Tuesday, November 21, 2023 - 2:26pm | 670Highlighting blockchain technology's transformative impact on global finance and the payment industry, Pratik Gauri, the CEO of 5ire on Monday delved into the global shift towards sustainable digital finance and the unique approaches of countries like the UAE, Nigeria,...
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What's Stopping Bitcoin ETFs? BitGo's CEO Reveals The Challenges
Thursday, November 16, 2023 - 6:09pm | 284BitGo CEO Mike Belshe expressed on Friday a cautious outlook for Bitcoin (CRYPTO: BTC) ETF approvals, anticipating further rejections. In an interview with Bloomberg, Belshe highlighted the evolving regulatory landscape, particularly the concerns of SEC Chair Gary Gensler regarding market...
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IMF's Call To Arms For The CBDC Revolution At The Singapore FinTech Festival
Wednesday, November 15, 2023 - 2:32pm | 701IMF Managing Director Kristalina Georgieva called for faster adoption of central bank digital currencies (CBDCs) to improve sluggish and costly cross-border payments at the Singapore FinTech Festival on Wednesday. Georgieva’s Keynote Address Highlights: During her address,...
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Original Bitcoin Innovator Craig Wright Scores Victory In Billion-Dollar Court Case
Friday, October 27, 2023 - 12:30pm | 690In a recent U.S. Appeals Court verdict, Craig Wright — who asserts he is the founder of Bitcoin (CRYPTO: BTC) — secured a victory in a contentious crypto court case. What Happened: Wright wasn't in a legal partnership with the late David Kleiman when they mined Bitcoin together...
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FTX Founder Bankman-Fried Testifies On Controversial Borrowing Practices: 'I Believed It Was Permissible'
Thursday, October 26, 2023 - 5:53pm | 645FTX founder Sam Bankman-Fried on Thursday shed light on his company's controversial practices in his testimony regarding borrowing from assets held as collateral for margin positions in crypto exchange FTX for trading in Alameda Research. Bankman-Fried stated unequivocally, "I...
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SEC Chief Gary Gensler Affirms Crypto As Securities, Cites 'Fraud, Scams, Bankruptcies'
Wednesday, October 25, 2023 - 4:31pm | 621SEC chief Gary Gensler remains resolute in his belief that many digital currencies fall under existing securities regulations, despite significant resistance from the crypto community. This perspective, which emphasizes that cryptocurrency enterprises are bound by the same guidelines as...
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UK's Economic Secretary Challenges New Crypto Advertising Regulations
Monday, October 16, 2023 - 3:29pm | 543The UK's Economic Secretary to the Treasury Andrew Griffith is voicing concerns over the country's upcoming cryptocurrency advertising regulations, emphasizing the growing rift between the government and regulators concerning digital assets. Griffith's concerns were communicated to...
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Crypto Analyst Says Altcoins Could See Steeper Declines Than Bitcoin
Friday, October 13, 2023 - 11:30am | 558Renowned crypto analyst Jason Pizzino sounded the alarm for altcoin investors, indicating a potential downturn in Bitcoin's (CRYPTO: BTC) value could spell disaster for the broader cryptocurrency market. Pizzino on his YouTube channel noted, “So, it looks like [Bitcoin is] coming...
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Tether Names Paolo Ardoino As New CEO, Aiming For Tech-Centric Evolution
Friday, October 13, 2023 - 9:56am | 251Stablecoin issuer Tether (CRYPTO: USDT) announced on Friday the appointment of Paolo Ardoino as its CEO, effective from December 2023. He will succeed Jean-Louis van der Velde, who will remain involved in an advisory capacity while maintaining his CEO position at crypto exchange Bitfinex...
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Prosecutors Target FTX Founder Bankman-Fried's Luxury Jets In DOJ Forfeiture Action
Thursday, October 5, 2023 - 10:27am | 411U.S. prosecutors have set their sights on two luxury aircraft believed to be associated with former FTX (CRYPTO: FTT) CEO and founder Sam Bankman-Fried. These jets, although reportedly owned by Bankman-Fried, have never been utilized by the disgraced entrepreneur. This revelation comes...
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EDX Markets CEO Calls For Accountability For Lost Customer Funds In Wake Of Bankman-Fried Controversy
Wednesday, October 4, 2023 - 12:45pm | 513Jamil Nazarali, CEO of crypto exchange EDX Markets, shared his perspective on the ripple effects caused by the controversy surrounding crypto tycoon Sam Bankman-Fried. In an interview with Benzinga, Nazarali emphasized, "A lot of people in the crypto industry want accountability for all...
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DOJ: SBF's Compliance With Other Regulations Isn't Evidence Of General Good Faith
Wednesday, October 4, 2023 - 9:07am | 540The U.S. Department of Justice (DOJ) explained in a letter that existing laws are sufficient to charge disgraced FTX (CRYPTO: FTT) founder Sam Bankman-Fried for his alleged involvement in fraudulent activities. The DOJ's letter to Judge Lewis Kaplan highlighted the defendant's request...
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Coinbase Secures 'Major Payment Institution' License From Singaporean Authorities
Monday, October 2, 2023 - 12:31pm | 433Coinbase (NASDAQ: COIN) Singapore has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). This follows their initial in-principal approval and allows them to offer Digital Payment Token services in Singapore. Singapore has become a significant locale...
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CFTC Comes After DeFi Firms: 'Smart Contracts Don't Make Unlawful Transactions Legal'
Friday, September 8, 2023 - 11:28am | 564The U.S. Commodity Futures Trading Commission (CFTC) has taken stringent action against three decentralized finance (DeFi) firms. This latest development comes as the world of digital assets continues to draw attention, a focus that will also be explored in the upcoming Benzinga's Future of...
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SEC To Approve Multiple Spot Bitcoin ETFs In October? JPMorgan Analyst Bets 'Yes'
Thursday, September 7, 2023 - 12:48pm | 608JPMorgan Chase & Co (NYSE: JPM) anticipates that the U.S. Securities and Exchange Commission (SEC) may simultaneously greenlight multiple spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs). This prediction comes in light of the SEC's recent interactions with Grayscale Investments, a...