Politically themed memecoins defy the crypto market’s drab performance by rallying in excess of double-digit gains.
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The TradFi world has been exploring more ways to use blockchain tech for years now.
But the sheer number of financial players involved in the latest proof-of-concept makes it different from most. Not to mention the size of the entities, and their approach.
Payment giants Visa and Mastercard are coming together with banks JPMorgan, Citigroup and others to test a so-called Regulated Settlement Network.
The proof-of-concept sets out to experiment with shared ledger technology to settle tokenized commercial bank money, wholesale central bank money, US Treasury securities and other tokenized assets, a Wednesday news release notes.
Read more: Digital Asset Summit Day 2: Financial giants say…
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Former SEC commissioner Troy Paredes was not the first to criticize the U.S. financial regulator’s lack of clarity on digital assets.
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Revenue at Digital Currency Group (DCG) increased 51% to $229 million in the first quarter of 2024, driven by the rebound in crypto markets.
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Ripple joins the Hedera and Algorand Foundations and industry players to advance a recovery standard to rival ERC-4337.
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FINTRAC reported that Binance facilitated 5,902 separate transactions of $10,000 or more in crypto from June 2021 to July 2023 and failed to register with the regulator.
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Vlad Tenev, CEO and co-founder of Robinhood, recently highlighted a 224% surge in crypto trading within the first quarter during a CNBC interview. However, progress has stalled with the SEC, as 16 discussions failed to establish a regulatory pathway for cryptocurrency trading.
Expressing strong convictions about the necessity for crypto accessibility, Tenev criticized the SEC’s slow adaptation to crypto regulations, labeling it as “regulation by enforcement.” He argued that this approach not only affects Robinhood but also limits American investors eager to explore cryptocurrency markets.
Amidst these regulatory challenges, Tenev underscored his commitment to advocating for customer access to cryptocurrencies. As the importance of digital assets grows, ensuring that Americans can participate in this evolving market is crucial, especially in light of the Wells Notice from the SEC, which signals potential enforcement actions against Robinhood for alleged securities violations.
The attacker who pulled off a $68 million address poisoning scam has posted two messages agreeing to negotiate with the victim.
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President Joe Biden has promised to back Securities and Exchange Commission Chairman Gary Gensler after a resolution to overturn an agency accounting practice advanced out of the House Wednesday evening.
The House on Wednesday approved joint resolution 109 — which would invalidate the SEC’s Staff Accounting Bulletin (SAB) 121 — in a 228-182 vote. The measure now moves on to the Senate, but Biden’s administration warned it would veto the resolution if it makes it to the president’s desk.
“Limiting the SEC’s ability to maintain a comprehensive and effective financial regulatory framework for crypto assets would introduce substantial financial instability and market…
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Bitcoin price data makes a strong argument for why the current price range is a buy-the-dip opportunity.
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