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Segantii Capital Management and its chief investment officer face insider dealing charges in the First District Court, according to apps.sfc.hk. (Read More)
WazirX, a popular cryptocurrency exchange, has announced that its restart plan is progressing as planned after it faced a temporary suspension from the authorities. The exchange is currently waiting for a sanction hearing in mid-May. In recent weeks, WazirX has been under scrutiny by regulatory bodies over compliance concerns. The exchange was briefly halted to [...]
The post WazirX on track for restart as it anticipates May sanction hearing appeared first on Crypto Breaking News.
The US House Financial Services and Agriculture Committees, along with the Digital Assets, Financial Technology and Inclusion Subcommittee, and the Commodity Markets, Digital Assets, and Rural Development Subcommittee will hold joint hearings in May to establish regulatory clarity for the digital asset ecosystem. Representative Patrick McHenry, the House Financial Services Committee chairman, has announced that the hearings aim to establish a bill providing regulatory clarity to the crypto sector, which adds to the work on a bipartisan bill led by crypto-friendly Senator Cynthia Lummis and Senator Kirsten Gillibrand. (Read More)
SEC chief Gary Gensler will face questioning from the House Financial Services Committee on April 18 regarding his approach toward the crypto ecosystem. The committee will focus on Gensler's rulemaking and approach toward crypto assets and lay down a regulatory sphere for digital assets. (Read More)
Paul Atkins, former SEC commissioner, recently appeared before a Senate committee hearing to discuss financial disclosure rules. During the hearing, Atkins faced questions regarding his spouse’s financial dealings and the potential conflicts of interest they may pose. Atkins’ wife, a prominent lobbyist, has been the subject of scrutiny due to her clients’ interests potentially conflicting [...]
The post SEC Nominee Atkins Reveals Assets Worth Over $327 Million Prior to Confirmation Hearing appeared first on Crypto Breaking News.
Patrick McHenry suggested that the hearings will look to add to the regulatory efforts being done on the bipartisan bill led by Senator Cynthia Lummis and Senator Kirsten Gillibrand.
According to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that Bankman-Fried allegedly gave “at least $10 million” from the now-defunct quantitative trading firm Alameda Research to his [...]
The post FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense appeared first on Crypto Breaking News.
Brad Sherman makes it painfully obvious, his anti-crypto stance does not come from doing research, becoming educated on the topic, and coming to an honest conclusion. The traditional finance companies that tell him what to say probably should have had him rehearse.
Worth Another Look: In a report we published back in 2019, we exposed everything from his top campaign donor charged with processing illegal transactions and using shell companies to avoid anti-money laundering laws, to why women feel "uncomfortable" in his office. The full article is here. Subscribe to GCP in a reader
In the wake of the US government being accused of covering up extraterrestrial activity, crypto degens were quick to sprout a shiny batch of memecoins.
Bankrupt crypto exchange FTX is seeking to recover $460 million of allegedly misappropriated customer funds from venture capital (VC) firm Modulo Capital, which received a sizeable investment from Alameda Research last year. As previously reported, FTX’s sister trading firm, Alameda Research was understood to have invested around $400 million in Modulo in 2022 — one [...]
The post FTX seeks to claw back $460M from Bankman-Fried-backed VC firm appeared first on Crypto Breaking News.
In a congressional hearing, White House economist Jared Bernstein says there’s “some evidence” that China wants the U.S. dollar to lose its status as the world’s reserve currency. However, U.S. Senator Bill Hagerty stressed that the biggest threat to the USD dominance comes from within. China Wants to See U.S. Dollar Losing World’s Reserve Currency [...]
The post White House Economist Warns China Wants to Weaken US Dollar’s Reserve Currency Status — Senator Says Biggest Threat Comes From Within appeared first on Crypto Breaking News.
Sam Bankman-Fried's last tweet before his arrest for allegedly committing wire fraud was denying his involvement in a group chat called “Wirefraud.”
The Texas Securities Board has asked the judge to consider leveling a cease-and-desist order, administrative fines, and forced refunds against SBF and FTX US.
Jerome Powell’s Congressional Hearing remarks on the crypto markets paint a bullish picture for the asset class’s future. Oh? — Will Clemente (@WClementeIII) March 2, 2022 Okay, this response may have come from a question about the World Economic Forum’s plan to use a basket of currencies as monetary backing, but crypto proponents like us […]
The post Crypto Market Responds To Jerome Powell’s Congressional Hearing Remarks appeared first on CryptosRus.
A lack of knowledge on proof of work prevailed by most Representatives as they questioned the energy use of bitcoin mining.
A diverse set of bitcoin mining insiders and outsiders will testify at the House tomorrow.
2021 was a massive year for Sam Bankman-Fried and his crypto exchange FTX. Let’s look back on the crypto billionaire CEO’s busy 2021. Covered: Sam Bankman-Fried Solana Call Sam Bankman-Fried Becomes Richest Under 30 Sam’s Congressional Hearing Comments FTX Year-In-Review FTX founder and CEO Sam Bankman-Fried has had a monster year in the crypto space […]
The post Top Three Sam Bankman-Fried Moments Of 2021 appeared first on CryptosRus.
Former US Comptroller and current Bitfury CEO Brian Brooks pointed out some underreported aspects of stablecoins. Covered: Brian Brooks Speaks To Congress Brian Brooks Says Stablecoins Are “New Payments Technology Difference Between Banks And Stablecoins The Not Necessarily Inherent Risk Of Crypto Investing Brian Brooks: Stablecoins Are “New Payments Technology” Brian Brooks is the true […]
The post Brian Brooks: “Stablecoin Issuers Don’t Present All The Risks That Banking Presents.” appeared first on CryptosRus.
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, would not answer a direct question in a congressional hearing about whether ether is a security. While the SEC chair insisted that the law is clear on crypto, Congressman Patrick McHenry argued that the SEC’s regulatory actions say “there’s a great deal of [...]
The post Ether’s Security Status Remains Unclear as SEC Chair Gensler Fails to Answer Lawmaker’s Question appeared first on Crypto Breaking News.
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