Word on the Street is that about $3 billion of institutional money moved into Bitcoin this week, leading to a rally in Bitcoin that took the token above $25,000 for the first time since the […]
Month: February 2023
Binance Expected to Pay Monetary penalties to US Authorities
Binance, the world’s largest cryptocurrency exchange, expects to pay monetary penalties to settle existing U.S. regulatory and law-enforcement investigations of its business, the firm’s chief strategy officer said in an interview. Binance grew quickly and began as […]
SEC charges Milan Patel in multi-million dollar scheme
SEC Charges Final Participant in Multi-Million Dollar Scheme to Spread and Trade On False Rumors About Public Companies Litigation Release No. 25641 / February 16, 2023 Securities and Exchange Commission v. Milan Patel, Civil Action […]
Investment Banks Increase Federal Reserve Rate Hikes This Year; Now 3 hikes of 25bps expected in March, May and June
Goldman: “In light of the stronger growth and firmer inflation news, we are adding another 25bp rate hike to our Fed forecast. We now expect three more 25bp hikes in March, May, and June, for […]
SEC Charges Terrafrom and CEO Do Kwon With Defrauding Investors in Crypto Schemes
SEC Charges Terraform and CEO Do Kwon with Defrauding Investors in Crypto Schemes FOR IMMEDIATE RELEASE2023-32 Washington D.C., Feb. 16, 2023 — The Securities and Exchange Commission today charged Singapore-based Terraform Labs PTE Ltd and […]
SEC proposes Enhanced Safeguarding rule for crypto
Washington D.C., Feb. 15, 2023 — The Securities and Exchange Commission today proposed rule changes to enhance protections of customer assets managed by registered investment advisers. If adopted, the changes would amend and redesignate rule […]
Brian armstrong of coinbase says staking is not the same as securitizing
Coinbase’s staking services are not securities. And here’s why. Coinbase posted a blog this morning on its website confirming the obvious: Staking is not a security under the US Securities Act, nor under the Howey test. […]