Gary Gensler finds new audience for his crypto skepticism: The US Army
The U.S. Securities and Exchange Commission chair called crypto “the Wild West” and urged troops not to “get caught up in the FOMO.” Go to Source Powered by WPeMatico
Month: January 2023
Judge slams senators’ letter against FTX lawyers as ‘inappropriate’
Bankruptcy judge John Dorsey called the bipartisan letter “inappropriate,” and that he won’t take it into account in his decision for an independent examiner. Go to Source Powered by WPeMatico
Uphold exchange denies owing millions to failed crypto lender Cred
Cred sued Uphold in June 2022 over a jointly promoted crypto yield product called CredEarn. Go to Source Powered by WPeMatico
Despite SEC Objection, Court Greenlights Billion-Dollar Asset Purchase Deal Between Binance US and Voyager
The asset purchase agreement between Binance US and bankrupt crypto lender Voyager Digital has reportedly received initial court approval despite objections from various regulators, including the U.S. Securities and Exchange Commission (SEC). Court Lets Binance US Buy Voyager’s Assets The proposed asset purchase deal between the U.S. arm of cryptocurrency exchange Binance (Binance US) and … Read more
The Fed Will Keep Focusing on Crypto — Fed Governor Says ‘We Do Not Want to Hinder Innovation’
Federal Reserve Governor Michelle Bowman says while “cryptocurrency activities can pose significant risks,” the Fed does not want to “hinder innovation.” She added: “By inhibiting innovation, we could be pushing growth in this space into the non-bank sector, leading to much less transparency and potential financial stability risk.” Fed Governor on Crypto, US Economy, and … Read more
FTX customers are safe from being doxxed, for now
The decision comes after a Jan. 8 filing by FTX’s lawyers who argued that public disclosure could create an undue risk of identity theft or unlawful injury to FTX creditors. Go to Source Powered by WPeMatico
El Salvador passes landmark crypto bill, paving way for Bitcoin-backed bonds
The “Digital Asset Issuance” legislation will also create a regulatory body, and establish a legal framework for all digital assets. Go to Source Powered by WPeMatico
Let’s go! Bitcoin surges above $18K to cap 8-day winning streak
The last time Bitcoin saw such a long streak of green candles was July 2021, during the height of the pandemic. Go to Source Powered by WPeMatico
JPMorgan CEO Jamie Dimon on US Economy: ‘I Shouldn’t Ever Use the Word Hurricane’
JPMorgan Chase CEO Jamie Dimon says he “shouldn’t ever use the word hurricane” when warning about the U.S. economy. However, he insisted that there are “storm clouds” that “could be a hurricane.” JPMorgan CEO Jamie Dimon on US Economy The chief executive of global investment bank JPMorgan Chase, Jamie Dimon, discussed the U.S. economy in … Read more
From Bernie Madoff to Bankman-Fried: Bitcoin maximalists have been validated
The parallels between Sam Bankman-Fried and Bernie Madoff are ample. On the bright side, both men highlighted the fact that Bitcoin maximalists are immune to Ponzi schemes. Go to Source Powered by WPeMatico
