The United States Securities and Exchange Commission has ramped up its crypto enforcement efforts in 2023, despite an industry-wide cry for clear rules. Coinbase, the largest crypto exchange in the U.S., decided to take the SEC to court over this perceived lack of clarity on what digital assets constitute securities. But undaunted by the wide range of support that…
The BRICS countries are developing guidelines in response to increasing demand from countries seeking to join, according to South Africa’s Foreign Affairs Minister Naledi Pandor. “BRICS is attracting a lot of interest from a number of countries, and our sherpas are working on the concept of how the group can respond to this interest,” she…
A Canadian economist and professor at the University of British Columbia says the role of the U.S. dollar in international trade and as a reserve currency has been declining. “Other currencies have been getting more important in international transactions and as reserve currencies,” he stressed. Economist Highlights Rising De-Dollarization Trend Canadian economist James Brander shared…
Proper vetting of potential Web3 partners includes looking both at traditional business fundamentals and industry-specific USPs. When considering Web3 partnerships, the background and perspective of the evaluator may lead to blind spots. Traditional companies and investors may know the business fundamentals and financial metrics to examine but be unclear on industry-specific “must-haves” such as necessary…
The reprimand was also sent to OPNX founders Mark Lamb and Sudhu Arumugam as well as it Chief Executive Officer Leslie Lamb. OPNX – the project created by the defunct hedge fund Three Arrows Capital (3AC) founders – has been controversial from the very start. The exchange has now been reprimanded for conducting unregulated activity….
The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, says the current banking crisis has pushed the U.S. economy closer to a recession. “We have fundamental issues, regulatory issues facing our banking system,” the Fed official stressed. Neel Kashkari on U.S. Economy, Banking Crisis, Recession Federal Reserve Bank of Minneapolis President Neel Kashkari…
Bank of America is preparing for a possible U.S. debt default, says CEO Brian Moynihan. He is not a fan of eliminating the debt ceiling altogether as some lawmakers have proposed. Meanwhile, Treasury Secretary Janet Yellen says “every responsible member of Congress must agree to raise the debt ceiling.” Bank of America CEO Brian Moynihan…
Buy Bitcoin with Apple Pay using iPhone and iOS devices on various leading cryptocurrency exchanges including Binance, Coinbase, BitPay and more. Cryptocurrency exchanges are introducing various ways to buy Bitcoin using the Apple Pay payment mod. This comes as a good move for Bitcoin adoption since the Apple Pay digital wallet accounts for more than…
U.S. authorities are requesting information from investment firms on cryptocurrency exchange Binance, according to the Washington Post.
The post US authorities request information from hedge funds about Binance: WaPo appeared first on The Block.
Federal prosecutors are looking at transfers between DCG and Genesis, while the Securities and Exchange Commission has also started a probe, Bloomberg reported.
The post Digital Currency Group’s transfers to Genesis draw US investigations: Bloomberg appeared first on The Block.