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A commissioner from the Commodity Futures Trading Commission (CFTC) has called on Congress to stop allowing cryptocurrency exchanges to “self-certify” and list tokens without oversight.CFTC commissioner Christy Goldsmith Romero told an audience at a Jan. 18 University of Pennsylvania event focused on FTX that the current process wasn't adequate to
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Japan has reportedly urged other countries, including the U.S., to regulate crypto exchanges like they do banks. A top official at the Financial Services Agency explained that the recent FTX implosion wasn’t brought on by crypto technology but by “loose governance, lax internal controls, and the absence of regulation and
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Cryptocurrency exchange Bitzlato, better known to the Russian-speaking segment of the market, has been taken down as part of an “international cryptocurrency enforcement action,” the U.S. Justice Department announced. The Russian owner of the platform has been arrested for his role in the alleged transmission of illicit money. Bitzlato claimed
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Week-over-week, a steady 22% of SHIB’s circulating supply is parked on crypto exchanges, with Binance, the world’s largest exchange, holding more SHIB than any other; Crypto.com is second-highest. Notably, Binance’s total SHIB deposits have dropped by 1.6 trillion tokens in seven days, while smaller exchanges such as OKX have seen
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The groups that are here – the Global Blockchain Business Consortium, Casper Labs, Circle, the Filecoin Foundation, 1inch – are varying their offerings as well. United Nations representatives, Commodity Futures Trading Commission officials and lawmakers from different countries are all here for the crypto conferences. Source
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Bitcoin fell 2% to trade at the $20,700 level, while ether was trading down 3% to the $1,530 level. Equities closed down. Source
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Token-based fundraising can help more than underserved markets, projects and entrepreneurs, says CoinDesk columnist Noelle Acheson. It can also help other new technologies evolve. Original Source
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At the risk of offending their crypto employers, Goldsmith Romero said the experienced hands – also including the investment firms backing these companies – “need to step up, and call for compliance, controls and other governance, without allowing the promise of riches and the company’s marketing pitch to silence their
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Scaramucci’s firm, which has $2.2 billion in assets under management, had a $45 million tie to failed crypto exchange FTX when founder Sam Bankman-Fried bought an estimated 30% stake. According to Scaramucci, SkyBridge then bought $10 million worth of FTX’s native token, FTT, which it later sold at an estimated
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“Today, nearly 50% of young investors hold cryptocurrency, and over 80% have stated they are interested in investing in alternative assets,” said Patel. “With Arch, individuals can use crypto assets as collateral for loans, granting the ability to access capital to make other investments or make other large purchases to
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