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Designating them as “systemically risky” and thus eligible for oversight is one option available, the article said. Saying the rush to bring stablecoins under regulatory control might be “the most important conversation in Washington financial circles this year,” the New York Times published an explainer article on the type of cryptocurrency and laid out what the author (and perhaps her sources) sees...
The major funding will be used to inject liquidity into Avalanche-based DeFi platforms. Fresh on the heels of a $180 million incentive program, the Avalanche Foundation announced on Thursday a $230 million raise to jumpstart liquidity in the network’s burgeoning decentralized finance (DeFi) ecosystem. The Avalanche Foundation said in a statement it will use the funds “to support and accelerate the rapid...
Fidelity Investments privately prodded the U.S. Securities and Exchange Commission (SEC) last week to approve its bitcoin exchange-traded fund (ETF), according to recent filings. The multinational, financial services giant urged the regulator to approve its fund by citing increased investor interest in crypto. Fidelity also pointed to the rising number of investors holding bitcoin and similar funds worldwide. Bloomberg first reported the news...
The Cathie Wood-founded firm disclosed the move through a revised prospectus to the SEC. Ark Investment Management revised the prospectus for its ARK Next Generation Internet ETF (ARKW) to open the possibility of investing in crypto exchange-traded funds (ETFs) in Canada, according to a filing with the U.S. Securities and Exchange Commission (SEC) Friday. “The fund may have exposure to cryptocurrency, such...
Payments giant Mastercard has agreed to buy CipherTrace, a firm that scans blockchains for illicit transactions. The surprise acquisition announced Thursday by the companies in a press release gives Mastercard the ability to track over 900 cryptocurrencies. Details of the acquisition were not disclosed. The deal is the latest sign of robust activity in the crypto tracing sector as governments and...
The securities regulator is threatening to sue Coinbase should the exchange launch its Lend product, Brian Armstrong claimed in a Twitter thread. U.S.-based cryptocurrency exchange Coinbase says the Securities and Exchange Commission (SEC) has threatened to sue over its yet-to-be-launched “Lend” program. Coinbase said it had been in discussions with the SEC over its program for almost six months....
The regulator is seeking information about how investors use the decentralized exchange and how it is marketed. The U.S. Securities and Exchange Commission (SEC) is investigating the developer of decentralized exchange Uniswap, the Wall Street Journal reported Friday. The SEC is seeking information about how investors use the exchange and how it is marketed, the report said, citing people familiar with the...
A listing would be a boon for the embattled Binance brand. Changpeng “CZ” Zhao, CEO of one of the world’s largest exchanges, Binance, says its U.S. affiliate is eyeing an initial public offering within three years. According to a report by The Information on Wednesday, Zhao said “Binance.US is just going to do what Coinbase did” by following in the...
The U.S. Securities and Exchange Commission (SEC) has won a judgment against Steven Seagal after the famous actor failed to pay the agreed sum to settle the crypto fraud case he was involved in. Seagal, now living in Russia, has been ignoring the SEC’s attempts to contact him. Steven Seagal Ignores SEC, Fails to Pay Settlement A federal judge for...
RMB internationalization is inevitable, wrote People’s Daily. China aims to build an international clearing and settlement network for mobile payments using the digital yuan, the People’s Daily wrote in an op-ed Monday. The network will be a “breakthrough point” in the cross-border use of the digital currency, the op-ed said. China also wants to use the digital yuan to improve...
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