Crypto-promoting firms in the United Kingdom have been found to be in breach of the country’s new crypto marketing rules on multiple occasions. According to the Financial Conduct Authority (FCA), these firms have violated the rules at least 221 times since they came into effect in early October. The FCA has identified three common issues […]
Asset manager Hashdex recently met with the U.S. Securities and Exchange Commission (SEC) to address concerns about its application for a Bitcoin Futures exchange-traded fund (ETF). The meeting, which took place on October 13, included representatives from Hashdex, NYSE Arca, Tidal Financial Group, and law firm K&L Gates. Hashdex presented its mechanism for trading and […]
A company called Unciphered has offered to help former Ripple CTO Stefan Thomas recover more than 7,000 Bitcoin (BTC) that he has been unable to access for years. Thomas forgot the information needed to access an IronKey hard drive containing the Bitcoin, and he has used eight out of his ten attempts to enter the […]
Sam Bankman-Fried, the former CEO of FTX, will testify at his criminal trial, according to his defense lawyers. He is expected to take the stand along with three witnesses after the prosecution completes its case. Meanwhile, Matrixport, a cryptocurrency trading firm, has reiterated its prediction that Bitcoin will reach $45,000 by the end of 2023. […]
The UK’s Financial Conduct Authority (FCA) has revealed that many cryptocurrency firms are failing to comply with its new promotional rules. These rules, which came into effect on October 8, require companies to warn users about the potential risks of investing in certain crypto products and prohibit them from offering referral bonuses. The FCA has […]
Tom Emmer, a vocal advocate for cryptocurrencies, has been nominated by Republican members as their nominee for the position of Speaker in the U.S. House of Representatives. This nomination reflects the growing interest in cryptocurrency-related issues within the Republican party. The Speaker’s seat has been vacant since October 3, leading to the removal of Representative […]
Bitfinex Securities has announced the launch of its first tokenized bond offering, marking a new era for capital raises through deep liquid markets and stock/fond markets. The bond, labeled ALT2611, is a 36-month offering denominated in USDT and carries a 10% coupon rate. It leverages Blockstream Liquid, a sidechain-based settlement network for Bitcoin. The bond […]
Coinbase, a major player in the cryptocurrency exchange industry, is challenging the authority of the U.S. Securities and Exchange Commission (SEC) in a legal dispute. The crux of the matter revolves around the definition of an investment contract. The SEC argues that if someone invests money with the expectation of future profits, it qualifies as […]
Helsinki, the capital of Finland, is a vibrant city that has shown a growing interest in cryptocurrency and blockchain technology. The city has become a hub for crypto enthusiasts and is home to notable figures in the industry. One such figure is Martti Malmi, who made history by being the first person to sell Bitcoin […]
The United Kingdom’s Financial Conduct Authority (FCA) has implemented new marketing rules for cryptocurrency firms. These rules aim to protect consumers by ensuring clear and transparent promotion of products and services. The regulations include a ban on referral bonuses and the introduction of a 24-hour cooling-off period for first-time crypto investors. The cooling-off rule is […]
