FTX EU launches withdrawal website to pay back European users
FTX EU was only approved by the Cyprus regulator in March 2022, about seven months before FTX collapsed in November. Go to Source Powered by WPeMatico
Month: March 2023
Russia talks up prospects of BRICS countries developing new currency
A top Russian official has reportedly claimed that the BRICS alliance is working on creating its own currency. Go to Source Powered by WPeMatico
‘Biased, deceptive’: Center for AI accuses ChatGPT creator of violating trade laws
The group believes GPT-4 violates Section 5 of the Federal Trade Commission Act, which prohibits “unfair or deceptive acts or practices in or affecting commerce.” Go to Source Powered by WPeMatico
SEC Takes Action Against Crypto Trading Platform Beaxy and Its Executives
The U.S. Securities and Exchange Commission (SEC) has filed charges against crypto trading platform Beaxy and its executives. Additionally, the regulator alleged that the cryptocurrency exchange’s founder raised $8 million in an unregistered crypto token offering and “misappropriated at least $900,000 for personal use, including gambling.” SEC Charges Crypto Exchange Platform Beaxy The U.S. Securities … Read more
DAO treasuries top $25 billion for the first time: DeepDAO
Assets held in DAO treasuries have more than doubled since the beginning of 2023, according to DeepDAO. Go to Source Powered by WPeMatico
Economist Peter Schiff Warns of US Dollar Devaluation and ‘Biggest Economic Disaster’ in History
Economist Peter Schiff has warned of “the biggest economic disaster” in U.S. history. He stressed that we are on the cusp of a financial crisis and “it’s going to be much bigger than the last.” In addition, he said the U.S. dollar is being debased in order to fund the bank bailouts. Peter Schiff Foresees … Read more
Polls suggest Elizabeth Warren’s anti-crypto army strategy may not pay off
Elizabeth Warren has long been a crypto-critic, and appears to be making it a focus as her re-election bid kicks off. Go to Source Powered by WPeMatico
‘Killer use case’: Citi says trillions in assets could be tokenized by 2030
The bank predicts the private equity market to become the most “tokenized” asset class because it is more liquid and can be fractionalized. Go to Source Powered by WPeMatico
Gary Gensler: SEC Needs New Tools, Expertise, and Resources to Regulate Crypto Industry
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said in a congressional hearing that the securities regulator “requires new tools, expertise, and resources” to combat misconduct in the crypto space. “We’ve seen the Wild West of the crypto markets, rife with noncompliance, where investors have put hard-earned assets at risk in a highly speculative … Read more
US and China try to crush Binance, SBF’s $40M bribe claim: Asia Express
Binance’s future threatened after superpowers try to crush it, SBF accused of massive bribe over trading in China, former OKX exec charged. Go to Source Powered by WPeMatico