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Head of Portugal Central Bank deems crypto unsustainable, calls for global regulation

Mário Centeno, the Governor of Banco de Portugal, joins a chorus of regulators, claiming that national efforts to oversee crypto wouldn’t work correctly without a global framework. A section of Mário Centeno's speech. Source: Publicnow.comIn his opening speech at the 2023 Banco de Portugal Financial Stability Conference on Oct. 2, Centeno

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US SEC deems spot Bitcoin ETFs filings as inadequate: Report

There may be a longer wait for a spot Bitcoin exchange-traded fund (ETF) in the United States as the Securities and Exchange Commission (SEC) labeled investment managers' recent applications inadequate.According to the Wall Street Journal, the securities regulator told the Nasdaq and the Chicago Board Options Exchange (Cboe) that their

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Binance CEO CZ deems SEC’s request for emergency relief unwarranted

Changpeng 'CZ' Zhao, the CEO of Binance, expressed his happiness and sense of relief as the prolonged dispute with the United States Securities and Exchange Commission (SEC) has been successfully resolved. The SEC's ongoing scrutiny had created a tense and uncertain period for the company, making the resolution a significant

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SEC Deems DASH, ALGO, and OMG ‘Unregistered Securities’ in Bittrex Lawsuit – Regulation Bitcoin News

According to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news follows the SEC’s designation of several crypto assets as securities, including the case

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Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’ – Bitcoin News

On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that are “unbacked” and “traded without fundamental anchors.” The White House insists that crypto assets do

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CFTC Deems Ethereum A Commodity In Recent Court Filing

Cryptocurrencies like Ethereum have their fair share of controversy regarding categorization. Government regulatory bodies like the Securities and Exchange Commission (SEC) and the U.S. Commodities Futures Trading Commission (CTFC) have had past battles with other digital assets. The SEC is currently embroiled in a long-running case with Ripple Labs, with the

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Glassnode Deems 2022 Bear Market As The Most Atrocious For BTC And All Cryptocurrencies

According to the details, this year’s bearish market trend is the worst in history for BTC and other coins. It records many BTC traders engaging in panic sell-offs even with losses to ensure they are not drowned. Volatility is one attribute that marks digital currencies. Unfortunately, it’s a trend that could

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US SEC Deems $1.7 Billion Telegram Offering Illegal, Orders Halt

The United States Securities and Exchange Commission (SEC) has announced that Telegram and the forthcoming GRM token constitute an unregistered digital token offering.Per an Oct. 11 press release, the SEC has filed an emergency action and restraining order against Telegram and the Telegram Open Network (TON) in a complaint

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