The Federal Reserve Bank of Atlanta has raised warning over risks associated with blockchain and cryptos. Per statement released Monday, the Atlanta Fed advised banks and financial service providers to exercise caution while dealing with cryptos. “Banking organizations and their service providers should have systems to identify, monitor, and control risks,” the statement read. The...
ARK Invest, the asset management firm and Bitcoin exchange-traded fund (ETF) issuer led by Bitcoin advocate Cathie Wood, has sold a significant amount of Coinbase, Robinhood, and Nvidia stocks. According to Ark Invest Daily’s Feb. 26 reveals, the ARK Innovation ETF (ARKK) sold 35,509 Coinbase (COIN) shares worth $6.89 million based on its closing price...
The market capitalization of Circle’s USDC moved past $28 billion with a gradual increase from Q4 2023 amid wider institutional investments. A new Coinbase report shows a resurgence in the USDC market following the general market upturn and growth in non-U.S markets. The market cap for stablecoins is rising… and USDC is outperforming – up...
OKX, a leading global Web3 technology company and crypto exchange, has officially unveiled OKX TR, its crypto exchange tailored for users in Turkey. The launch marks a significant step in providing Turkish users with a trusted, compliant, and transparent gateway to crypto trading and decentralized finance (DeFi). The company revealed the launch on February 27. OKX TR...
US Senators have renewed their assault on any potential central bank digital currency (CBDC) based on the dollar. Republican lawmakers including Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd, and Mike Braun, yesterday filed The CBDC Anti-Surveillance State Act. Their proposal pulls no punches. One part amends the Federal Reserve Act to read: ‘‘no Federal...
Spain’s financial regulator has issued warnings to investors regarding 18 companies offering services in the country despite facing registration issues. The National Securities Markets Commission (CNMV) published a list of 18 financial firms operating without the regulatory nod on Feb 26. The list, which is comprised of several traditional finance firms, includes three cryptocurrency companies:...
Binance Labs, the venture capital arm of cryptocurrency exchange Binance, has demonstrated a significant vote of confidence in the future of Bitcoin by strategically investing in Babylon, a pioneering Bitcoin staking protocol. The $10 billion venture capital and incubator has invested strategically in Babylon, further signaling its interest in startups within the staking and restaking...
The United States Securities and Exchange Commission (SEC) will continue to “ramp up” its ruling-by-enforcement approach to crypto regulations in 2024, according to Norton Rose Fulbright’s 2024 FinTech Outlook released last week. The global law firm expects “to see even further ramp-up in enforcement and regulatory actions in respect to US securities laws in the...
A US appeals court has upheld the prior sentencing of “My Big Coin” fraud founder Russell Crater. Crater will serve over 8 years and pay $7.6 million for orchestrating a fraud from 2013 to 2017, facing charges including wire fraud, unlawful transactions, and running an unlicensed money business. He contended his Sixth Amendment rights were...
On February 25, renowned crypto attorney Steven Nerayoff expressed concerns that the legal challenges faced by former Binance CEO and founder Changpeng Zhao could cause trust issues in the crypto industry. Changpeng Zhao’s (CZ) trial has taken a new turn in the last few days. Reports indicate that the United States Attorney’s Office advocates for...