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The response from the United States Securities and Exchange Commission (SEC) and crypto exchange Binance has been submitted regarding the entity "Eeon," which has sought to intervene on behalf of customers in the case. Both the SEC and Binance are against Eeon's petition to intervene, citing that it does not
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Nearly two weeks after three United States banks collapsed — Silicon Valley Bank (SVB), Silvergate Bank and Signature Bank — U.S. Treasury Secretary Janet Yellen said the federal government is ready to take action if needed. According to a Bloomberg report of excerpts from a speech Yellen will give on Tuesday at the
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The Japanese yen’s exchange rate versus the U.S. dollar recently plunged to its lowest rate in 32 years — 147.66 JPY per dollar. The yen’s latest fall comes less than a month after its slip in September prompted authorities to enter foreign exchange markets for the first time since 1998.
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The BOE, Fed, and other major central banks poured billions of dollars into the financial system via QE in the aftermath of the coronavirus-induced crash of 2020, triggering an unprecedented bull run in crypto and traditional markets. Now, however, rampant inflation has forced those central banks to reverse course, sending
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Certain services are suspended while the country's Capital Markets Authority reviews the exchange's licenses. Source
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Last year, El Salvador dominated headlines as the first country to adopt Bitcoin as legal tender. The move is controversial both in and outside of the country, heralded for its potential to bring financial services to large portions of El Salvador’s unbanked population and criticized for its top-down implementation. This
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“Publication of Tether’s Reserves: On at least a quarterly basis for a period of two (2) years following the effective date of this Settlement Agreement, Tether will publish the categories of assets backing tether (e.g., cash, loans, securities, etc.), specifying the percentages of each such category, and specifying whether any
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BlockFi has been focusing its efforts to go public long before the regulations grew deep.The documents circulated in the media have given an edge to the growing speculation highlighting the intention of BlockFi to go public in the next 12-18 months. The documents are also suggesting that the company will
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A push by the Trump administration has got Microsoft to consider a massive acquisition of TikTok’s global operations. It remains to be seen if Microsoft is willing to shell some more tens of billions of dollars for this deal.A recent report from the New York Times has brought a new
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The response to the Covid-19 pandemic has been ruthless on the global economy and during the last six months, traditional stocks and commodities have felt extreme market volatility. Coinshares published a comprehensive report this week in regard to how bitcoin performed during the coronavirus outbreak. The seven-page study highlights
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