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Insight财经
Insight财经
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Bitcoin has repeated corrections, the Federal Reserve is hawkish, WLD is gradually reducing its positions, Ethena and Mode airdrops are worthy of attention, and Ethereum may reach $10,000 by the end of the year. The Fed minutes were hawkish, and Bitcoin was dragged down. Similar to previous market corrections, the fundamentals have not changed and Bitcoin remains bullish. Federal Reserve meeting minutes: Policy interest rates may have reached the peak of this cycle, and most officials noted the risk of cutting interest rates too quickly. https://gostake.io/resource/breakingnews/e32338d62c29944a8995c880ad7399f0 Arthur Hayes: The importance of narrative in the crypto market often exceeds the technology itself, and altcoins are being watched https://gostake.io/resource/news/ca6e208cfbe1834b864611be4e4b5fad Whether it is a bull market or a bear market, currency prices are driven by narratives. After the narrative comes out, we should exit with profits. So WLD should appear. The Sora narrative has come out, and the question is how long it will burn. After the heat burning is over, the old iron who is currently entering the game will be trapped on the top of the mountain. WLD's fully diluted market value exceeds OpenAI's https://gostake.io/resource/news/84cb1b6fe6fdab0e963cf4734fde02df Metis is a cliche, but when the decentralized sorter was launched, the coin went up. Metis: MetisEDF will allocate 4.6 million METIS to support the ecosystem https://gostake.io/resource/news/ad9d0fbee719dcb95772a05c9014d494 Ethena and MODE are both good, and they are the two most noteworthy projects among the new project airdrops. [Ethena has raised the cap of the USDe pool to US$100 million] On February 22, according to official news, USDe developer Ethena Labs announced that it had raised the cap of the USDe pool to US$100 million. The current TVL of the pool is US$66.25 million. Mode goes online on Layer 3 network Mode Flare https://gostake.io/resource/news/44d9ebec1c37dfb2f66d7b1b974b288a In this bull market we could see Ethereum reach $10,000. [Coinbase elaborates on three major reasons for recommending that the SEC approves the Grayscale Spot Ethereum ETF] Insight Finance reported that Coinbase today responded to the SEC’s request for comment on the conversion of Grayscale Ethereum Trust (ETHE) to a spot ETF. Page's comment letter provides legal, technical and economic reasons why the SEC should approve: 1)ETH is not a security. In fact, before and after the merger, the SEC, CFTC and the market no longer regarded ETH as a security, but as a commodity. 2) ETH’s proof of equity has obviously strong governance capabilities and shows strong characteristics in terms of ownership concentration, consensus, liquidity and governance, thus reducing the risk of fraud and manipulation. 3) The economics show that ETH is as resilient as BTC in meeting the committee’s ETP approval criteria. Coinbase said it is committed to urging the SEC to make informed regulatory decisions in the rapidly evolving cryptocurrency environment, support innovation and cultivate a transparent, secure and inclusive financial ecosystem through continued dialogue and research. https://gostake.io/resource/news/9b8aa0b08cdb489eb9f50ea46a2d263e

4 days ago
CryptoPotato
CryptoPotato
US Government Charges Digitex Futures Exchange CEO With Bank Secrecy Act Violation
7 days ago
COINCU
COINCU
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Key Points: Tiffany Fong shares a photo of Sam Bankman-Fried in jail, showing significant physical change. Bankman-Fried reportedly faces challenges in detention, including extortion attempts. Speculation surrounds lighter sentencing for Bankman-Fried, potentially influenced by FTX's reimbursement plans for fraud victims. Cryptocurrency influencer Tiffany Fong has unveiled a startling image purportedly showing Sam Bankman-Fried in jail during his pretrial detention at the Metropolitan Detention Center (MDC) in Brooklyn. Read more: FTX Collapse Connects To CFTC vs. Binance Event And Its Consequences Cryptocurrency Influencer Reveals Shocking Photo of Sam Bankman-Fried in Jail The photo, shared on the X platform, captures Bankman-Fried appearing thin and disheveled, a far cry from his previous persona. Fong claims it to be the sole image of Sam Bankman-Fried in jail since his imprisonment following a fraud conviction in August 2023. In the image, Bankman-Fried, positioned second from the right, is noticeably emaciated with unkempt hair and beard. Fong, who has obscured the faces of other inmates except for Bankman-Fried and someone identified as G Lock, suggests that Bankman-Fried has faced significant challenges behind bars. According to Fong, G Lock, described as a former Blood gang member, remarked on Bankman-Fried's condition, stating he's "obviously going through a lot" but acknowledged him as a "good guy." Despite reports of Bankman-Fried neglecting personal hygiene, G Lock noted that he hadn't faced severe violence or intimidation. Bankman-Fried Faces Extortion and Physical Decline Earlier, Fong interviewed Gene Borrello, another former MDC inmate, who claimed Bankman-Fried became a target for extortion due to his perceived vulnerability. Borrello described Bankman-Fried as appearing "cowardly and nervous" during their interactions. The unfolding FTX debacle, marked as one of the largest financial frauds in recent memory, has cast a shadow over Bankman-Fried's impending sentencing on March 28, 2024, overseen by District Judge Lewis A. Kaplan. Speculation abounds regarding a potentially lighter sentence, possibly influenced by FTX's efforts to reimburse affected customers. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

5 days ago
Cryptopolitan
Cryptopolitan
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Gary Gensler, the chair of the Securities and Exchange Commission, is not someone who blends into the background. With a passion that rivals the intensity of a Wall Street trading floor, Gensler has embarked on a crusade that could easily be mistaken for a Hollywood blockbuster plot. Only, in this scenario, the drama unfolds in the regulatory arena, and the stakes are as high as they get in the financial world. Gensler’s mission since taking office in 2021 has been clear: shake up the status quo. With an agenda that includes overhauling decades-old rules, it’s no wonder his actions have ruffled feathers across the financial district. The man is on a regulatory blitzkrieg, proposing an eye-watering 67 rules, outpacing nearly all his predecessors and leaving the industry struggling to keep up with these changes. A Regulatory Onslaught Central to Gensler’s approach is a self-acclaimed fundamental belief that the financial markets should work for the investors and issuers, not the other way around. This principle has guided his crackdown on what he perceives as intermediaries exploiting their central position in the financial ecosystem. His efforts to democratize the markets, however, have placed him squarely in the crosshairs of Wall Street’s power brokers. The backlash has been fierce, with a barrage of lawsuits aimed at derailing his reforms. Gensler drives an unapologetic push towards what he believes to be transparency, fairness, and efficiency. From tightening the reins on hedge funds and private equity to redefining the rules of stock trading and government bonds, his agenda is as broad as it is bold. Yet, this has led to an outcry from industry groups, who argue that the rapid pace and volume of these changes could stifle innovation and competitiveness. The crypto industry, too, feels the heat. Gensler, seeing through the Wild West façade of digital assets, insists existing securities laws suffice. The industry begs to differ, branding his approach as counterproductive. Yet, the SEC boss remains on duty, ready to enforce the law. The crypto industry has proven unable to fight back against him. However, Wall Street, with its deep pockets and influence, has pushed back hard against Gensler’s agenda, launching lawsuits to counteract what they perceive as regulatory overreach. These legal challenges target a spectrum of SEC’s initiatives, from the extensive rules on climate-related disclosures, which demand unprecedented transparency from companies regarding their environmental impact, to the stringent regulations governing the operations of hedge funds, private equity, and venture capital firms. The argument posited by these industry titans hinges on accusations of regulatory overreach, asserting that Gensler has exceeded his authority by enforcing rules that they claim are not only burdensome but also detrimental to America’s capital markets’ competitiveness on the global stage. The Legacy Before his SEC chairmanship, Gensler’s career spanned from Wall Street to public service, offering him a unique perspective on the markets he now regulates. His tenure at the Commodity Futures Trading Commission (CFTC) was marked by aggressive enforcement and substantial rule-making, foreshadowing his current regulatory blitz. At the SEC, Gensler has not only maintained this momentum but accelerated it, targeting areas from cryptocurrency to climate disclosure, and reshaping the oversight of the $26 trillion Treasury bond market. Critics and supporters alike recognize the transformative potential of Gensler’s tenure, though the industry’s pushback and legal challenges pose significant hurdles. The outcome of these battles could either cement Gensler’s legacy as a regulatory titan or underscore the limits of regulatory reach in the face of entrenched financial interests.

6 days ago
奔跑财经-FinaceRun
奔跑财经-FinaceRun
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This article briefly: · Digitex Futures CEO Adam Colin Todd has been accused of failing to have an anti-money laundering program in place. ·If convicted, Todd could face up to five years in prison for violating U.S. financial regulations. ·In July 2023, the U.S. Commodity Futures Trading Commission (CFTC) fined Todd $15 million for price manipulation and unauthorized futures issuances. Adam Colin Todd, CEO of Digitex Futures, faces serious charges for allegedly violating US law. As a result, Todd was charged in federal court in Miami with knowingly neglecting to establish an anti-money laundering (AML) program under the Bank Secrecy Act (BSA). The BSA requires financial institutions, including cryptocurrency exchanges like Digitex Futures, to keep strict records and report certain transactions to the Financial Crimes Enforcement Network (FinCEN). This is essential to prevent illegal activities such as money laundering and terrorist financing. However, the charges against Todd clearly departed from these basic legal requirements. Digitex cryptocurrency exchange CEO could face up to five years in prison Todd is accused of operating the online futures exchange Digitex Futures between January 2018 and April 2022, without

10 days ago
Coinscreed
Coinscreed
CoinEdition
CoinEdition
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The SEC might settle its lawsuit with Ripple, claims crypto lawyer James Murphy. The upcoming US elections might change the outcome for many crypto lawsuits. Murphy also expects Coinbase to secure victory against the agency. The United States Securities and Exchange Commission (SEC) might settle its lawsuit against blockchain firm Ripple and lose against American exchange Coinbase, says James “MetaLawMan” Murphy, a lawyer with expertise in digital assets and Web3.  Speaking at the ‘Thinking Crypto’ podcast on February 10, Murphy pointed out that the SEC’s lawsuit against Ripple might end up with a settlement due to 2024 being an election year and new management taking over the agency.  Settlement with Ripple Murphy said that there is a difference between buying XRP and shares of a company like Amazon, with the latter being categorized as a security. He stated that US District Judge Analisa Torres made the correct decision in the case by granting Ripple a partial win while considering the blockchain firm’s sale of XRP tokens to institutions as security.   Murphy said that as the lawsuit carries on, both the SEC and Ripple are going to appeal, with the former arguing that many institutional sales were made outside the regulator’s jurisdiction. “One of the things I find really interesting is this is an election year and things could change dramatically,” Murphy noted while adding: “The election could change the direction of the SEC right and as a result we could see not just Ripple but in other cases a very different counterparty in this litigation where they might be very much more interested in a reasonable settlement.” Losing the Coinbase Lawsuit Murphy highlighted the fact that it was the SEC that allowed Coinbase to go public in 2021 and asked Congress to provide the agency with the authority to regulate cryptocurrency exchanges. SEC Chair Gary Gensler acknowledged that his agency and the Commodity Futures Trading Commission (CFTC) lacked the power to take enforcement actions against these firms in front of the House Financial Services Committee just twenty days after it allowed Coinbase to go public, Murphy noted. “Then two years later he pivots and sues Coinbase for not registering as a Securities Exchange broker deal and clearing agency under existing SEC law for Nasdaq New York Stock Exchange,” Murphy pointed out. Murphy said that Gensler’s acceptance that his agency lacks authority to regulate digital assets is on tape, and the public has seen it. The lawyer sees the regulator’s action in suing the crypto exchange as a breach of the Magna Carta and the American Constitution. “I believe Coinbase will win eventually,” said MetaLawMan while noting that the 2024 elections will bring in a new SEC Chair and things might change for the digital asset sector. The post SEC Might Settle with Ripple, Lose Coinbase Suit: Says Lawyer appeared first on Coin Edition.

13 days ago
BeInCrypto
BeInCrypto
ZyCrypto
ZyCrypto
followers

Crypto expert and former Ethereum advisor Steven Nerayoff has raised concerns about the degree of Chinese influence and control in the Ethereum ecosystem. Nerayoff argues that the outsized control of tokens by the Chinese Communist Party poses a significant threat to the entire cryptocurrency sector. China’s Deep Ties With Ethereum  Steven Nerayoff has highlighted the deep involvement of the Chinese Communist Party (CCP) in the Ethereum network. In a post on X, Nerayoff argued that crypto fans are ignoring a glaring pattern with the CPP and ether’s deep-seated vulnerabilities. The former Ethereum executive revealed that the Chinese Communist Party’s “stake in Ethereum jeopardizes the entire crypto world”. Nerayoff’s comments echoed the investigative findings of cyber sleuth TruthLabs. As per TruthLabs, the CPP holds up to 66.6% of all ETH in circulation. If this claim is true, this massive concentration of ETH in wallets associated with the Chinese government increases the risk of a centralized attack on the Ethereum network. Moreover, it undermines the blockchain’s credibility as a decentralized ecosystem. In Nerayoff and TruthLabs’ opinion, the U.S. Securities and Exchange Commission (SEC) as well as the Commodity Futures Trading Commission (CFTC) have both been compromised. But crypto enthusiasts keep overlooking a crucial truth: The CCP's stake in Ethereum jeopardizes the entire crypto world. It's inevitable. Ethereum has vulnerabilities—that's a fact. The SEC and other entities are compromised. We can't ignore this; we must confront the… https://t.co/LNpPCRJYsw — Steven Nerayoff (@StevenNerayoff) February 8, 2024 This is after Prometheum, the only American registered securities platform, announced this week that it would start to custody ETH as its first digital asset. Prometheum, deeply involved with Chinese conglomerate Wanxiang Group, was already the first and only special-purpose crypto broker-dealer after securing unique approval from the SEC. “Prometheum’s declaration of ethereum as a security extends beyond regulatory semantics; it’s a move by entities with deep CCP ties, aiming to control the narrative and the crypto space,” Nerayoff further remarked, adding: “The silence on this matter, especially from figures like @GaryGensler, only deepens the intrigue. Our very own Chair of the SEC, Gensler, gave @PrometheumInc an unprecedented “magic bullet” license that effectively allowed them to declare ETH a security.” How Deep Does The Chinese Connection Go? Ethereum has cemented its position as the go-to smart contract platform, with an exceptional array of decentralized finance and non-fungible token projects built atop it. But, for understandable reasons, lingering concerns abound regarding just how decentralized the Ethereum network really is. Ethereum’s China links are not breaking news. Besides holding huge chunks of ETH, the personal interest of Ethereum founder Vitalik Buterin in all things Chinese is well-documented. Buterin strived to learn Chinese as early as January 2014. Furthermore, the crypto poster child aspired to issue a Chinese-language version of the Ethereum white paper in January 2015, roughly six months before the network’s mainnet launch in July of the same year. Buterin was named Wanxiang Blockchain Labs’ chief scientist when the company was established in the second half of 2015. A 2016 Facebook post mentioned Buterin as one of WBL’s co-founders, along with Xiao and Bo Shen — co-founders of the Bitshares decentralized exchange. That being said, any blockchain network proclaiming decentralization credentials must pinpoint and tackle centralization any risks seriously. For Ethereum, offering clarity on its ties with Chinese entities is a key first step.

15 days ago
WISE CRYPTO NEWS
WISE CRYPTO NEWS
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#Launchpool Ripple CEO and CFTC commissioner to host epic crypto discussion in DavosDisclaimer: 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice.Ripple has announced that its #Ceo , Brad Garlinghouse, will be sharing the stage with Caroline D. Pham, a commissioner of the Commodity Futures Trading Commission ( #CFTC ), the federal agency that oversees the derivatives markets, including futures, options and swaps.Garlinghouse and Pham will speak on Tuesday at 4:20 p.m. CET in a session titled "Crypto at a Crossroads: Future-proofing Digital Assets" at Bloomberg House in Davos. The event will be livestreamed on YouTube.LFG! 2024 is going to be big. https://t.co/3CcCQNo4D9— Brad Garlinghouse (@bgarlinghouse) January 16, 2024The World Economic Forum (WEF) is presently convening its 54th annual meeting in the Swiss city of Davos. The five-day gathering is attracting participation from international organizations, civil society leaders, social entrepreneurs and the media.The announcement of Garlinghouse's panel discussion with that of the CFTC commissioner has sparked excitement among the  #XRPcommunity , given Ripple's landmark ruling in July 2023 in the SEC lawsuit, which determined $XRP was not a security.The CFTC, in particular, has been viewed as a more friendly and supportive regulator for the crypto industry, having considered most cryptocurrencies as commodities rather than securities, and has allowed the creation and trading of crypto derivatives products, such as futures and options.The visit of the CFTC commissioner to Ripple's office in September 2022 sparked a whole lot of excitement and speculation, with Pham stating the visit was part of her "learning tour."This time, the excitement remains palpable, with expectations that XRP will be projected to the world, and the discussions spearheaded by the #RippleCEO and CFTC commissioner will also pave further ways for more positive developments in the general crypto space.

about 1 month ago

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