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  • bitmart-seeks-restraining-order-to-prevent-hackers-from-selling-fake-bsv

    Bitmart seeks restraining order to prevent hackers from selling fake BSV

    The owner of crypto exchange Bitmart has asked a New York judge to intervene to prevent hackers from selling the fraud-begotten coins on the open market. The owner of crypto exchange Bitmart has filed a bid for pre-arbitration injunctive relief to prevent Chinese hackers from making illicit transfers using fraudulent Bitcoin SV (BSV) on its… More

  • sec-commissioner-concerned-about-the-us-lagging-behind-global-bitcoin-etfs

    SEC Commissioner concerned about the US lagging behind global Bitcoin ETFs

    “We’re not a merit regulator, so we shouldn’t be in the business of deciding whether something is good or bad,” SEC Commissioner Hester Peirce said. Securities and Exchange Commissioner Hester Peirce has voiced concerns over the United States lagging behind global jurisdictions in adopting cryptocurrency exchange-traded funds (ETFs).During an online appearance at the Bitcoin (BTC) conference “The… More

  • coinbase-and-top-execs-face-securities-class-action-over-nasdaq-listing

    Coinbase and top execs face securities class action over Nasdaq listing

    Alongside Coinbase itself, the class action names CEO Brian Armstrong, CLO Paul Grewal, other top executives and several of its venture capital backers as defendants. A Coinbase shareholder has filed a securities class action against Coinbase for allegedly misleading investors ahead of its public listing about the company’s financial state and resilience as a crypto… More

  • binance-us-‘looking-at-ipo-route,’-cz-says

    Binance US ‘looking at IPO route,’ CZ says

    Binance is set to face heavy regulations in the future with the mindset of shifting from a tech startup to a financial service, Changpeng Zhao said. Binance US, a United States-based cryptocurrency exchange operating separately from Binance, is looking to go public despite the ongoing regulatory crackdown on Binance.Changpeng Zhao, founder and CEO of the… More

  • fed-and-yale-researchers-lay-out-2-regulatory-frameworks-for-stablecoins

    Fed and Yale researchers lay out 2 regulatory frameworks for stablecoins

    Yale Professor Gary B. Gorton and Jeffery Zhang of the Board of Governors of the Federal Reserve System have co-authored a 49-page paper called, “Taming Wildcat Stablecoins.” The Federal Reserve’s ongoing research into central bank digital currencies, or CBDCs, has broadened to include stablecoins and whether they can be effectively regulated. In their paper, which was… More

  • softbank-leads-$800m-investment-for-banking-app-revolut

    Softbank leads $800M investment for banking app Revolut

    Now valued at $33 billion, Revolut didn’t rule out a potential IPO this year, but the firm’s CFO suggested that it was unlikely. Revolut, a major British banking app featuring cryptocurrency investment, has secured $800 million in a new funding round.The new investment round is led by Japanese financial giant SoftBank and United States hedge… More

  • sec-charges-individuals-connected-to-former-iced-tea-turned-mining-company

    SEC charges individuals connected to former iced tea-turned-mining company

    According to the regulatory body, an investor was tipped off that the company would be rebranded, a move that resulted in a huge surge in Long Blockchain’s stock price. The U.S. Securities and Exchange Commission has filed charges against three people accused of insider trading with the Long Blockchain Company related to changing its name… More

  • ‘compliance-is-a-journey,’-says-binance-ceo-amid-regulatory-scrutiny

    ‘Compliance is a journey,’ says Binance CEO amid regulatory scrutiny

    The crypto industry has massively evolved since Binance’s launch four years ago, but it still needs more regulatory certainty, Binance’s CEO said. Amid intensifying concerns over Binance’s global regulatory issues, the company’s CEO and founder, Changpeng Zhao, has underscored the exchange’s commitment to cooperating with regulators.In an open letter on Tuesday, Zhao emphasized that the… More

  • crypto-ownership-has-nothing-to-do-with-distrust-in-fiat:-bis-study

    Crypto ownership has nothing to do with distrust in fiat: BIS study

    Cryptocurrency owners are “generally more educated than the average,” according to a new study by the Bank for International Settlements. The Bank for International Settlements (BIS), a global financial institution owned by some of the world’s biggest central banks, is trying to dispel the theory that cryptocurrency ownership is linked to distrust in traditional finance.On… More

  • expect-even-more-oversight-of-crypto-from-regulators,-says-etoro

    Expect even more oversight of crypto from regulators, says eToro

    Yoni Assia believes that unprecedented retail investor interest will push regulators to be more proactive about crypto regulation. Crypto-friendly trading platform eToro is expecting regulators to ratchet up their oversight of the crypto industry, given the increasingly high levels of participation by retail traders and smaller investors. In comments for the Financial Times, eToro CEO… More

  • foreign-cbdcs-and-stablecoins-unlikely-to-threaten-us-dollar,-says-fed-vice-chair

    Foreign CBDCs and stablecoins unlikely to threaten US dollar, says Fed vice chair

    Though Randal Quarles said there was a “legitimate and strong regulatory interest in how stablecoins are constructed and managed,” a U.S. dollar-pegged coin could help provide support for its fiat counterpart. Randal Quarles, vice chair for supervision of the Federal Reserve Board of Governors, said he believed neither dollar-pegged stablecoins nor digital currencies issued by… More

  • sec-inquiry-regarding-robinhood’s-crypto-business-reportedly-delays-ipo

    SEC inquiry regarding Robinhood’s crypto business reportedly delays IPO

    Robinhood had initially hoped to begin its public offering after American investors returned from the July 4 holidays. Major cryptocurrency and stock trading app Robinhood is reportedly struggling to move forward with its initial public offering due to an ongoing review from securities regulators.According to a Thursday report by Bloomberg, the United States Securities and… More

  • sec-opens-to-comments-on-whether-to-approve-vaneck-bitcoin-etf

    SEC opens to comments on whether to approve VanEck Bitcoin ETF

    The filing came before the commission’s June 17 deadline to approve or disapprove of the Bitcoin ETF following an extension in April. The U.S. Securities and Exchange Commission has issued an order allowing the public to comment on the proposed rule change surrounding the Bitcoin exchange-traded fund from asset manager VanEck.According to a Wednesday filing… More

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