FTX US to launch stock trading against stablecoins
FTX Stocks will allow retail investors to fund their accounts with fiat-backed stablecoins like USD Coin via the FTX US crypto exchange. Go to Source Powered by WPeMatico
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SEC chair uses crypto enforcement in justification for FY2023 budget
“We’re not trying to grow really significantly, but resources to grow at least six percent to grow our enforcement arm in this space,” said Gary Gensler. Go to Source Powered by WPeMatico
Study: Amid Mining Bans, China Still Commands World’s Second-Largest Share of Bitcoin Hashrate
New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China commands close to 22% of Bitcoin’s global hashrate, the United States currently dominates with 37.69%, according to CCAF researchers. China Is Still the World’s … Read more
China returns as 2nd top Bitcoin mining hub despite the crypto ban
China still hosts 21% of the total global Bitcoin hash rate after the local government banned all crypto operations in the country last year. Go to Source Powered by WPeMatico
US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions
An unnamed individual allegedly sent more than $10 million in Bitcoin to an exchange in a country for which the U.S. currently imposes sanctions. Go to Source Powered by WPeMatico
CFTC commissioner appoints senior policy adviser experienced in digital asset regulation
Keaghan Ames worked at Credit Suisse for more than two years as vice president and head of U.S. regulatory policy, which included advising executives on digital assets regulation. Go to Source Powered by WPeMatico
US Senate confirms Jerome Powell for another four years as Fed chair
In a 80–19 vote in the Senate, U.S. lawmakers confirmed Jerome Powell as the next chair of the Federal Reserve System, where he will also serve as a board member until 2028. Go to Source Powered by WPeMatico
Stablecoins’ recent de-pegging is not a ‘real threat to financial stability,’ says Janet Yellen
Terra’s UST dropped as low as $0.29 and Tether’s USDT stablecoin briefly de-pegged from the dollar to hit $0.96 on Wednesday. Go to Source Powered by WPeMatico
Why the world needs a spot Bitcoin ETF in the US: 21Shares CEO explains
Total assets invested in crypto ETFs and ETPs hit $16.3 billion by the end of the first quarter, but the community is still waiting for a spot Bitcoin ETF in the U.S. Go to Source Powered by WPeMatico
5 state regulators allege organization is tied to Russia, scamming users using metaverse casino
“The same rules that apply to investments in the physical world continue to apply to investments in virtual worlds,” said the regulators. Go to Source Powered by WPeMatico