Crypto
What’s in Store for Crypto Regulations in 2024?
Federal judges won’t be hurried into ruling on the weighty questions of defining tokens as securities. And if the commission led by crypto adversary Gensler chooses to make everything last as long as possible, delay costs the industry more than it costs the SEC’s legal team. In the meantime, the SEC and the Internal Revenue…
U.S. SEC Denies Coinbase’s Push for Crypto Regulations as ‘Unwarranted’
intermediaries in the trading, settlement, and custody of those securities is unworkable,” the five-member commission concluded in its two-page response, which said the agency had given the request careful consideration. “The commission concludes that the requested rulemaking is currently unwarranted and denies the petition.” Source link
JPMorgan Is Cautious About Crypto Markets Into 2024
While there has been some improvement in decentralized finance (DeFi) activity, the “biggest disappointment continues to be the inability of DeFi to encroach into the traditional financial system, which is necessary for the crypto ecosystem to transition from crypto native to real world applications,” the report added. Source link
Qredo Closes Crypto Exchange Ankex, CEO Michael Moro Leaves
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Crypto Firm SafeMoon Files for Chapter 7 Bankruptcy, SFM Plunges 42%
The firm’s executives were arrested last month on multiple charges. Source link
Alleged Crypto Investment Scam Worth $80M Sees Four People Charged With Money Laundering in U.S.
The four allegedly obtained the money through so-called pig-butchering and other fraudulent schemes. Source link
Financial Stability Oversight Council Reiterates Call for Legislation to Address Crypto Risks
FSOC, a financial stability watchdog composed of the heads of most major U.S. financial regulators, published its annual report after one of the group’s meetings, taking a look at the past year in climate, banking, cybersecurity, artificial intelligence and other issues. As it has in years past, crypto received a section. Source link
Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat
The Dogwifhat (WIF) memecoin is Solana’s latest joke token. One trader turned $1000 into $100000 buying it. Source link
JPMorgan Cautious About Crypto Markets in 2024
Cathie Wood’s investment firm, ARK Invest, offloaded a sizeable chunk of Coinbase as the shares of the Nasdaq-listed crypto exchange rose to a 20-month high on Wednesday. ARK sold 283,104 shares worth $42.6 million based on Coinbase’s last close of $150.46. The firm has sold over $150 million worth of the shares since Dec. 5….
Rulematch, a Swiss Crypto Exchange for Banks, Goes Live With Spain’s BBVA Among Its Clients
“The crypto spot market is really dominated by players which do not really fulfill the very high requirements of a regulated participant,” CEO David Riegelnig said in an interview. “Primarily, the mix of functions that so-called crypto exchanges typically do, which makes them much more of a broker than actual exchange, was what triggered us…