SEC Statement: Proof-of-Work Mining Not Considered Securities Dealing

The U.S. Securities and Exchange Commission (SEC) has provided clarification regarding the legal status of Proof of Work (PoW) mining operations. The SEC concluded that PoW activities do not necessarily constitute the issuance of securities and therefore may not fall under the regulatory purview of the SEC. This clarification comes as a relief to many [...]

The post SEC Statement: Proof-of-Work Mining Not Considered Securities Dealing appeared first on Crypto Breaking News.

View Details

EU Securities Watchdog ESMA Warns of Unregulated Crypto, Gold Investment Offerings

The European Securities and Markets Authority (ESMA) has issued a warning regarding investments in assets like cryptocurrencies. They will remain unregulated in most countries until the EU’s Markets in Crypto Assets (MiCA) law is enforced across the Union, the regulator pointed out. ESMA Highlights Risks Related to Unregulated Products and Services for Crypto and Other

The post EU Securities Watchdog ESMA Warns of Unregulated Crypto, Gold Investment Offerings appeared first on BTC Ethereum Crypto Currency Blog.

View Details

Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025

Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run. Fed Raises Rate Despite Calamity in the U.S. Banking Sector It’s been [...]

The post Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025 appeared first on Crypto Breaking News.

View Details

USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley Bank (SVB) and New York’s Signature Bank. [...]

The post USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement appeared first on Crypto Breaking News.

View Details

NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout

On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department, and FDIC explained that all Signature depositors would be [...]

The post NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout appeared first on Crypto Breaking News.

View Details

Circle marks a possible $3B loss from Binance stablecoin conversions

Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX.

View Details

Tesla’s Latest Financial Statement Shows Bitcoin Worth $1.26 Billion – Finance Bitcoin News

Elon Musk’s electric car company, Tesla, did not sell any bitcoin in the fourth quarter, according to the company’s latest financial statement. Tesla is holding bitcoin worth $1.26 billion. The company still has not resumed accepting bitcoin payments but now accepts the meme cryptocurrency dogecoin (DOGE) for some merchandise. Tesla Did Not Sell Bitcoin in […]

View Details

Chia Network Files for IPO With the SEC, Eyes Public Listing

On Friday, Chia Network Inc. announced that it had submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), requesting an initial public offering (IPO). The blockchain network company, founded by Bittorrent creator Bram Cohen, will initiate the IPO after the U.S. securities regulator approves the filing. Bittorrent Creator’s [...]

The post Chia Network Files for IPO With the SEC, Eyes Public Listing appeared first on Crypto Breaking News.

View Details

Bitfarms to Restate Financials Following SEC Review of Digital Asset Proceeds

Bitfarms Ltd. will restate its financial statements for 2022 and 2023 after identifying a material error in the classification of digital asset sale proceeds. (Read More)

View Details

Exclusive: Financial Auditor Flags 2.5B Capital Gap, XRP and Crypto Deficits at Coins.ph

Coins.ph's 2023 audited financial statements reveal a 2.5 billion capital deficiency, a 192 million XRP reserve shortfall, and a 'going concern' warning from its auditor.

View Details

EigenLayer says $5.7M hack isolated incident, no vulnerability on protocol

EigenLayer said that some of the stolen funds have been frozen as part of ongoing recovery efforts.

View Details

Celsius Network to File Disclosure Statement for Restructuring Plan

Crypto lender Celsius Network will file a disclosure statement on April 12 regarding its Chapter 11 restructuring plan. The statement is aimed at providing adequate information for claim holders to vote on the proposed plan, which would create a public platform fully owned by Earn creditors called NewCo. The committee of unsecured creditors will appoint the majority of the firm’s board members, with no Celsius founder involvement or relationship. (Read More)

View Details

Celsius Network Announces Disclosure Statement for Chapter 11 Plan

Celsius Network, a bankrupt crypto lender, has announced it will move forward with its Chapter 11 restructuring plan by filing a disclosure statement on April 12. The statement is aimed at providing "adequate information" for claim holders to vote on the proposed restructuring plan sponsored by NovaWulf. The plan proposes creating a public platform fully owned by Earn creditors called NewCo, with no involvement from Celsius founder. (Read More)

View Details

Crypto Lender Celsius to Proceed with Chapter 11 Restructuring Plan

Celsius Network, the bankrupt crypto lender, has announced it will proceed with its Chapter 11 restructuring plan, with a disclosure statement containing information for claim holders to be filed on April 12. The proposed restructuring plan is sponsored by NovaWulf. (Read More)

View Details

X Will ‘Never’ Launch a Crypto Token, Says Musk

Tech investor Elon Musk said that his social media platform X, formerly Twitter, will never launch its own cryptocurrency token. He made the statement in response to a post by a user of the networking service warning about fake coin projects exploiting Musk’s name and that of the platform. Elon Musk Categorically Rejects Notion of [...]

The post X Will ‘Never’ Launch a Crypto Token, Says Musk appeared first on Crypto Breaking News.

View Details