The U.S. Securities and Exchange Commission (SEC) has warned investors about the “risks with accounts that pay interest on crypto-asset deposits.” The warning coincides with the first enforcement action the agency took against crypto lending platforms. SEC Warns About Risks in Interest-Bearing Crypto Accounts The U.S. Securities and Exchange Commission’s Office of Investor Education and…
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Exchange-traded funds (ETFs) backed by bitcoin (BTC) futures contracts traded in the US largely retained their trading volumes last week, despite a slump in the bitcoin price over the course of January. According to exchange data, the ProShares Bitcoin Strategy ETF (BITO) – the first bitcoin ETF to go live in the US in…
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Binance CEO Changpeng Zhao allegedly has connections to two market makers buying and selling crypto on Binance.US. The U.S. Securities and Exchange Commission (SEC) has reportedly launched a probe into major crypto exchange Binance’s U.S. arm regarding trading firms connected to Binance CEO Changpeng Zhao. According to a Tuesday report from the Wall Street Journal,…
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A deputy governor of India’s central bank, the Reserve Bank of India (RBI), likens cryptocurrencies to Ponzi schemes, emphasizing that they cannot be regulated. “It would be futile to regulate cryptocurrencies,” he claims, stating that they should be banned. RBI’s Deputy Governor Sees Crypto Ban as ‘the Most Advisable Choice Open to India’ A deputy…
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The Canadian government has invoked the Emergencies Act to deal with the Freedom Convoy protests, said Prime Minister Justin Trudeau. The scope of Canada’s anti-money laundering and terrorist financing rules is also broadened to cover crowdfunding platforms and “all forms of transactions, including digital assets such as cryptocurrencies.” Canadian Government Invokes Emergencies Act Canadian Prime…
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Senior officials from the Russian government and the Bank of Russia, the country’s crypto-skeptic central bank, did not manage to reach an understanding on the means to regulate the Russian cryptoasset market — while the Deputy Finance Minister now proposes a buying limit for “unqualified investors” of USD 665. … Read More: Russian Central Bank…
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“For cryptocurrency to grow and thrive … we must provide more direction and certainty to the marketplace …,” said Josh Gottheimer. House Financial Services Committee member and New Jersey Representative Josh Gottheimer has introduced legislation that would have the Federal Deposit Insurance Corporation back stablecoins in a manner similar to fiat deposits. In a draft…
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The Deputy Prime Minister and Finance Minister of Canada has claimed that banks in the country could be asked to immediately freeze or suspend the bank accounts of individuals in the country, as the “truck drivers’ protest” over Canadian COVID-19 restrictions continues…. Read More: Canada Joins Lebanon and Turkey in ‘Bitcoin’s Marketing Team’ Read…
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Liquidators of Mirror Trading International (MTI) have attacked the claim that declaring the collapsed bitcoin investment platform an unlawful scheme would jeopardize investors’ chances of recovering their funds.
The Unsubstantiated Claim
South African liquidators of Mirror Trading International (MTI) have rejected the claim that declaring the collapsed bitcoin investment platform an unlawful operation…
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The U.K.’s. HM Revenue & Customs (HMRC) has made its first non-fungible token (NFT) seizure. British authorities also seized some crypto and arrested three people in a fraud case involving 250 allegedly fake companies. “Our first seizure of a non-fungible token serves as a warning to anyone who thinks they can use crypto assets to…
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