Bookmarking Crypto Insights
Auto Added by WPeMatico
The crypto exchange claimed that none of its listed assets were considered securities, and any potential targeting of its wallet was based on a “misunderstanding” by SEC officials. Go to Source Powered by WPeMatico
When integrated into the economy, a CBDC or stablecoin would compete with bank deposits to the public benefit, at least until a financial crisis. Go to Source Powered by WPeMatico
Two U.S. senators cited the collapse of FTX when writing to the PCAOB chair Erica Williams in January, but now suggest improper auditing could have affected three banks as well. Go to Source Powered by WPeMatico
Bitzlato is yet to resolve the issue with the remaining 50% of user funds and may eventually compensate using its own funds. Go to Source Powered by WPeMatico
Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011. Last year, Crystal’s intelligence team documented 199 incidents resulting in the theft of $4.17 … Read more
Those wishing to offer feedback to the IRS on having NFTs treated as collectibles such as coins or works of art have until June 19 to submit comments. Go to Source Powered by WPeMatico
The Treasury Secretary of the U.S. Janet Yellen said the federal government will intervene if it is necessary to protect other small lenders. Go to Source Powered by WPeMatico
“What the central bank digital currency is all about is surveilling Americans and controlling behavior of Americans,” said Ron DeSantis at a ‘Big Brother’s Digital Dollar’ podium. Go to Source Powered by WPeMatico
Interest in the U.S. banking crisis has risen greatly over the past two weeks, as shown by Google Trends data. There has been a sharp increase in queries related to search terms such as “banking crisis,” “bank collapse,” and “bank failure.” On March 13, 2023, the search term “banking crisis” reached the top Google Trends … Read more
The invitation was mediated by former CFTC Commissioner Mark Wetjen, who joined FTX US as the Head of Policy and Regulatory Strategy in Nov. 2021. Go to Source Powered by WPeMatico