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The U.S. Department of Justice (DOJ) targeted several Chinese businesses and their employees Tuesday in the latest round of charges tied to production and trafficking of fentanyl – a network that depended on cryptocurrency payments, according to authorities. Original Source
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A lot of the day-to-day transactions from crypto investors happen only internally at the handful of major exchanges, recorded by the companies rather than on public blockchains, but this bill would call for regulated repositories to gather the data for each trade of a “digital commodity, digital asset, or digital
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The U.S. Department of Justice said in a Wednesday court filing that Sam Bankman-Fried's latest move for a temporary release – even with severe restrictions – should be denied. Source
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“The positive correlation between cryptocurrencies and the stock market is temporarily back on track,” shared Alex Kuptsikevich, the FxPro senior market analyst, in a note to CryptoX. “Despite the storm in the equity markets, the crypto market remains subdued, losing only 0.3% in 24 hours to $1.045 trillion.” Source
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SEC lawsuits, ambiguous taxation rules, and strict regulations are stirring unease in the American crypto community, possibly endangering the U.S. dominance in the crypto realm. In the heart of the financial world, a significant discussion is unfolding regarding cryptocurrency’s position in the United States. The U.S. Securities and Exchange Commission (SEC)
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The U.S. Securities and Exchange Commission (SEC) should listen to the courts and give up its efforts to block exchange traded funds (ETFs) holding bitcoins, a bipartisan group of lawmakers argued in a letter to SEC Chair Gary Gensler. Source
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"Going from zero to 2% was almost no increase. Going from zero to 5% caught some people off guard, but no one would have taken 5% out of the realm of possibility," Dimon said, during an interview with the Times of India. "I am not sure if the world is
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“If the government shuts down, forward progress on bills will be stalled,” said Sheila Warren, CEO of the Crypto Council for Innovation, an industry advocacy organization, who says she’s concerned about lawmakers losing the focus that’s been a challenge for the industry to build. “In the aftermath of a shutdown,
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CoinShares, a European crypto investment firm, has launched a new hedge fund aimed at qualified U.S. investors as part of the company’s strategy to expand its geographical coverage. In a press statement, the firm said its new hedge fund division called “CoinShares Hedge Fund Solution” will be offering a diverse range
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"The long-awaited return of interest rate-driven volatility is a great opportunity that we plan to capture with our novel fund products," Lewis Fellas, CoinShares' hedge fund head, said in the statement. "Each product that will be offered is designed to mitigate counterparty risk whilst providing investors with clearly defined asset
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