In an Oct. 31 statement, Commodity Futures Trading Commission (CFTC) commissioner Christy Goldsmith Romero said most of the tips received this year involved crypto which she claimed was “an area that continues to have pervasive fraud and other illegality.”Continue Reading on Cointelegraph More
Cryptocurrency prices spiked notably at the end of 2020 and 2021, driven by increased investor optimism and institutional interest. Major financial institutions and hedge funds began viewing Bitcoin (BTC) not just as a speculative asset but as a hedge against inflation and a potential store of value. Large companies like Square and MicroStrategy added major Bitcoin holdings to their balance sheets, further solidifying this image shift.Continue Reading on Cointelegraph More
The Floki team claimed that Bitget listed the token before it was launched, referring to the Bitget listing as a “fake token,” while Bitget claimed that the Floki team was “suspected of market manipulation by maliciously controlling the initial liquidity.”Continue Reading on Cointelegraph More
The GAO was acting on a letter sent by Lummis to the U.S. Comptroller General in August 2022. It considered whether the bulletin was a rule subject to the Congressional Review Act (CRA). Under the CRA, a report on an agency rule must be submitted to the comptroller general and both chambers of Congress, with a procedure for Congress to disapprove the rule. Using the definition of a rule found in the Administrative Procedures Act (APA), the GAO found the SEC bulletin to be subject to the CRA. The GAO said:Continue Reading on Cointelegraph More
For this reason, it’s challenging to present a bearish thesis for BTC as data reflects the post-FTX-Alameda Research collapse recovery period and is also influenced by the recent increase in interest rates by the U.S. Federal Reserve.Continue Reading on Cointelegraph More
The update gathers a significant amount of information about the central bank digital currency (CBDC) bridge that had been scattered or completely unavailable until now. The governance structure is explained in general terms, and technical details are slipped into the text at a level of readability that makes it accessible to non-specialists.Continue Reading on Cointelegraph More
Bastion has acquired MTLs in New Hampshire and Arkansas, the first two licenses obtained by the firm, Bastion announced on Oct. 31.Continue Reading on Cointelegraph More
As of October 2023, Binance’s trading volumes fell to 50%, down from 74% in December 2022. This decline occurred as Bitcoin’s value rose to $34,000 and competitor OKX saw its market share surge over 50%.Adding to the company’s woes, several high-ranking executives have left Binance. The list includes Stephanie Cabossioras, Jonathan Farnell, Brian Schroeder, Krishna Juvvadi, Sidney Majalya, Patrick Hillmann, Mayur Kamath, Helen High, Vladimir Smerkis, Gleb Kostarev, Leon Fung, Matthew Price, Stephen Christie, Hong Ng, and Steve Milton.The crypto exchange has also been facing legal problems on multiple fronts. The company lost its licenses in several European countries and faced charges from the United States, France, Brazil, and Great Britain. The allegations include money laundering, trading unregistered securities, and violating international sanctions against Russia. In France specifically, Binance’s division is under investigation for operating without a license and is facing aggravated money laundering allegations.These challenges have had a substantial impact on Binance’s CEO Changpeng Zhao. His fortune has plummeted from $96.6 billion in January 2023 to $17.2 billion as of October 2023.Despite these setbacks and growing security concerns prompting calls for users to withdraw funds, Binance remains the largest crypto exchange. The company reported a revenue of $7.6 billion in 2023.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
