ECB President, Christine Lagarde made anti-crypto comments on "The David Rubenstein Show: Peer-to-Peer Conversations". On the issue of crypto’s global purpose and whether it’s too early to determine one, Lagarde claimed that the decentralized sphere is supported by a highly speculative asset class, which stands nowhere close to the definition of currency. “Cryptos are not The post ECB President asserts “Cryptos are not...
60 crypto exchanges in South Korea have been asked by the regulatory body to either partially or completely halt their services and inform the customers about it by Friday. The shut down of these exchanges comes as they failed to comply with the latest set of regulations that come into effect from next week. In The post S.Korea Crypto Crackdown: 60 Crypto Exchanges...
The moves by the South Korea Ministry of Strategy and Finance to tax incomes bordering on digital currencies as planned by January 1 may be an exercise in futility. Faulting the plans, one of the country’s lawmakers, Rep. Noh Woong- rae of the Democratic Party of Korea said the relevant authorities or stakeholders lack the right The post South Korean Lawmaker Says Deferring Crypto...
Chinese Crypto Crackdown is now extended into rural China with the latest shut down of Chenggu County’s "National Blockchain Application Operation Vocational Qualification Training Center", an illegally operating cryptocurrency training center. Cryptocurrency investment began to spread in rural China, and a cryptocurrency training center was closed in Chenggu County, Shaanxi Province, China. https://t.co/lYRYYzW9R9 -- Wu The post China Crypto Crackdown: Chenggu County shuts...
Coinbase Inc ($COIN), one of the top global crypto exchanges based out of New York has filed with the National Futures Association (NFA) to offer crypto futures services. The crypto exchange filed the application on September 15 and if approved it would join the likes of FTX.US who recently acquired a CFTC approved derivative platform The post Just-In: Coinbase ($COIN) Files For Crypto...
XRP price struggles to sustain around $1.1 amid bearish calls that risk another drop to $0.92. The US SEC maintains that the DPP protects its internal documents, and therefore Ripple has no right to request access. Ripple is dancing around $1 after plunging from a September high of $1.4 and testing support at $0.92. The The post XRP Price Prediction: XRP Struggles At...
Securities and Exchange Commission (SEC) Chairman, Gary Gensler has received considerable criticism from republicans as well as the crypto community for his Tuesday’s testimony before the Senate Banking Committee. While testifying, Gensler claimed that most digital assets that are allowed to trade on crypto exchange platforms are required to register with the SEC. Gensler argued The post Ripple’s Garlinghouse Criticizes Gensler’s unclear testimony...
The latest update in the XRP lawsuit saw the plaintiff file a Letter Brief in the DPP dispute, supporting the allegedly privileged data it is keeping from Ripple. The SEC asserted that all documents that will be reviewed by Judge Netburn, in-camera are “pre-decisional and deliberative”, and henceforth protected by the Deliberative Process Privilege (DPP). The post XRP Lawsuit: SEC files letter brief,...
Senator Elizabeth Warren (D-MA), known for her skepticism of the digital currency ecosystem has taken new jibes at the cryptocurrency industry, citing a number of inconsistencies that make the nascent digital trading world unhealthy for the average investor. Speaking in a Tuesday hearing of the Senate Committee on Banking, Housing, and Urban Affairs with Securities The post Senator Elizabeth Warren Takes a Jibe...
China’s Hebei Province has joined the trail of the locally spreading crypto crackdown in the authoritarian state. Hebei Province’s authorities have announced that they will begin investigation and crackdown of cryptocurrency mining and trading from October. The declaration was made through an article that identified virtual currencies as a national threat in lieu of their The post China Crypto Crackdown: Hebei Province claims...
South Korea’s Financial Services Commission (FSC) has announced a potential regulatory clampdown upon firms’ failure to meet the new compliance requirements by 24th September. The FSC highlighted that the inability to meet the mentioned deadline may cause the closure of 40 out of 60 exchanges in South Korea. “Huge investor losses are expected with trading The post South Korea Crypto Crackdown: FSC to...
The latest development in the ongoing XRP lawsuit saw the SEC file further responses to its letter motion compelling discovery of Ripple’s internal meetings’ audio-visual recordings. In the response letter, SEC noted, now that the plaintiff’s motion has been declared moot, the commission will not engage and thereafter shall not correct “various inaccuracies” in Ripple’s The post XRP Lawsuit: SEC files further response...
SIX, the Switzerland Stock exchange has been cleared by FINMA to launch a digital token exchange. The new entity would be called the Swiss Digital Exchange that would allow the trade of blockchain-based securities or digital tokens. The platform obtained two licenses from the country's watchdog allowing it to offer regulated trading, settlement, and custody The post Breaking: Switzerland's SIX Stock Exchange Gets...
The latest update in the XRP lawsuit could be grounds for the final verdict. Ripple's first request for admissions (No.99) to the SEC, which was attached to the recent court filing unveiled the most crucial information for the lawsuit, to date. The document confirms that the SEC never informed any third parties that XRP was The post XRP Lawsuit: SEC officially admit it’s...
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