News

Fed Governor Questions Need for US Central Bank Digital Currency

October 18, 2023 0

A top Federal Reserve official said Tuesday she has yet to be convinced there is a need for the U.S. central bank to develop a digital currency. Fed Governor Remains Unconvinced on U.S. CBDC, Cites Existing Innovations and Risks In a discourse at Harvard Law School, Fed Governor Michelle Bowman

News

SEC Chairman Gary Gensler Warns AI Could Spark Financial Crisis in Next Decade

October 18, 2023 0

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that artificial intelligence (AI) could spark a financial crisis in the next decade. Noting that he has raised this concern at the Financial Stability Board and at the Financial Stability Oversight Council, the SEC chief stressed: “I think it’s really a cross-regulatory challenge.” SEC […]

News

SEC to Intensify Crypto Market Monitoring and Examinations

October 18, 2023 0

The U.S. Securities and Exchange Commission (SEC) has published its examination priorities for 2024 which include crypto monitoring and examinations. The securities regulator disclosed: “Examinations of registrants will focus on the offer, sale, recommendation of, advice regarding, trading in, and other activities in crypto assets or related products.” Division of

News

Swiss Bank Offers Clients Crypto Lending Product

October 18, 2023 0

Swiss online bank Dukascopy has introduced a new lending product that enables customers to borrow against their cryptocurrency. The solution allows users to receive 50% of the value of their digital assets in fiat currency while retaining their original crypto investments. Switzerland-Regulated Dukascopy Bank Launches Automated Crypto Lending Feature Geneva-headquartered

News

Binance Stops Accepting New Users in UK to Comply With Crypto Regulations

October 18, 2023 0

Binance has announced that it will no longer accept new users in the U.K. in order to comply with new crypto regulations from the Financial Conduct Authority (FCA). Binance explained that it is currently looking for an FCA-authorized firm to review and approve its U.K. financial promotions in compliance with the new rules. Binance Halts […]

News

Salvadoran Vice President Felix Ulloa: Bitcoin Adoption Fueled El Salvador’s ‘Rebirth’

October 18, 2023 0

The Salvadoran vice president, Felix Ulloa, has given his opinion about the relationship between the “rebirth” of the country and the adoption of bitcoin as legal tender in a recent interview. For Ulloa, bitcoin has been an important factor, alongside others, in this revamp of El Salvador, drawing crypto-related investments and tourists to the country. […]

News

Blackrock CEO Larry Fink Sees Global Demand and ‘Pent-up Interest in Crypto’ Amid Israel-Hamas War

October 18, 2023 0

Larry Fink, the CEO of the world’s largest asset manager, Blackrock, sees the recent bitcoin rally as “an example of the pent-up interest in crypto.” Noting that as the Israel-Hamas war rages on, more people will be running to bitcoin as “a flight to quality,” the executive emphasized: “We are hearing from clients around the […]

News

Bitcoin Changing Hands Cycle Signals Bear Market Recovery, Glassnode Study Shows

October 17, 2023 0

New research shows bitcoin investors are rotating from long-term holders to short-term speculators, indicating the cryptocurrency market is recovering from the lengthy bear market. Study Indicates Crypto Winter Recovery as Long-term Holders Give Way to Short-term Speculators A recent report by the onchain analytics firm Glassnode examines how bitcoin (BTC) changes hands

News

Sam Bankman-Fried’s Digital Footprint Jumps Amid Trial, But Fails to Surpass FTX Collapse Peak

October 17, 2023 0

According to Google Trends statistics, Sam Bankman-Fried’s search popularity surged just before his trial, maintaining an upward trend. Yet, it hasn’t matched the peak seen during FTX’s November 2022 collapse and his arrest that followed the next month. Trials and Trends: Web Search Patterns Chronicle Bankman-Fried’s Ongoing Scandal Since October 3, 2023, Sam Bankman-Fried

News

Biggest Movers: TON Hovers Above $2, ADA Bears End 4-Day Winning Run

October 17, 2023 0

Toncoin rose for a third straight day on Tuesday, despite crypto markets mostly stalling in today’s session. At the time of writing, the global market cap is up 0.02%, as traders move to secure Monday’s gains. Cardano was in the red, following a four-day bull run. Toncoin (TON) Toncoin was a big mover in today’s […]