Crypto exchange Gemini co-founder Tyler Winklevoss’ recent comments regarding the “reset” of Vice President Kamala Harris’ stance on cryptocurrencies have stirred up quite a controversy in the industry. Winklevoss labeled Harris’ actions as a “scam” in a post on Friday, accusing the Federal Reserve of tightening its grip on the crypto sector. While his concerns
Risk management
The recent regulatory action taken by the US Federal Reserve against Customers Bank has raised concerns within the crypto community. The Fed found that the bank violated various financial regulations, including the Bank Secrecy Act, Anti-Money Laundering laws, and Office of Foreign Assets Control (OFAC) regulations due to its involvement with digital assets. As a
Thailand’s Securities and Exchange Commission (SEC Thailand) has recently introduced a Digital Asset Regulatory Sandbox to foster innovation within the digital asset sector. This initiative is aimed at supporting the testing and development of services related to digital assets in a structured and regulated environment. By providing a platform for businesses to explore new and
The cryptocurrency market has recently experienced a significant surge, adding a whopping $200 billion in just the past few days. Leading cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) have seen notable increases, with BTC rising by 4.5% to briefly surpass the $63,000 mark, and ETH reclaiming the $3,300 level. The meme coin sector has
Ethereum’s price has recently experienced a decline after facing rejection at the $4,000 resistance level for the second time. The daily chart reflects a pattern of lower highs and lows since failing to break through the $4,000 level. Additionally, the market has broken below the 200-day moving average, hovering around the $3,100 mark. Currently, the
Recent reports have highlighted significant exceptions granted by the US Securities and Exchange Commission (SEC) to certain financial institutions affected by Staff Accounting Bulletin No. 121 (SAB 121). These exceptions have sparked discussions within the industry regarding the implications for crypto accounting compliance and the broader landscape of the crypto industry. The SEC’s decision to
Binance.US, the American arm of Binance, is gearing up for the next phase of its legal battle with the Securities and Exchange Commission (SEC). The recent decision by the Court to allow the SEC’s case against Binance.US to proceed signals that the exchange is in for a tough legal fight. US District Judge Amy Berman
The cryptocurrency market has shown signs of recovery in the past 24 hours, with major digital assets such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) experiencing minor gains. Additionally, AI-related coins like Fetch.ai saw significant pumps, boosting investor confidence in these niche sectors within the crypto market. On the flip side, the price of
XRP recently experienced a slight decline after surpassing the $0.50 mark, but it managed to recover its weekly losses and emerge as the only top cryptocurrency in the green. The surge in open interest among traders suggests that there is growing anticipation for a price increase in XRP. This heightened trading activity could indicate bullish
Bitcoin experienced significant volatility on Monday, with a sharp decline to a new monthly low of $64,000. Altcoins followed suit, with many experiencing massive drops, leading to 190,000 traders facing losses in a single day. After a quiet weekend hovering around $66,000, Bitcoin started the day lackluster but later gained momentum, reaching a peak of