Gensler’s approach toward crypto appears skewed as criticisms mount

Since taking over at the United States Securities and Exchange Commission (SEC), chairman Gary Gensler has repeatedly been referred to as the “bad cop” of the digital asset industry. To this point, over the past 18 months, Gensler has taken an extremely hard-nosed approach toward the crypto market, handing out numerous fines and enforcing stringent …

ARK Invest’s Cathie Wood Predicts FTX Implosion Will Massively Boost One Crypto Sector

ARK Invest founder and CEO Cathie Wood is predicting that the high-profile implosion of FTX will be a boon for one crypto sector. Wood says in a Yahoo! Finance interview that the collapse of FTX and other crypto firms will boost decentralized finance (DeFi) networks. “We do believe DeFi will actually get a boost coming …

AI Crypto Project Explodes 87% This Week Amid Platform Upgrade and Widespread Industry Buzz

An under-the-radar crypto project involving artificial intelligence (AI) has surged by 87.5% this week amid the rollout of a new wallet upgrade. Fetch.ai (FET), a platform that aims to bring together technologies such as machine learning, artificial intelligence and blockchain, rallied to a weekly high of $0.12, up from $0.064 a week ago. The 283rd-ranked …

Bitcoin bulls protect $17K as trader eyes key China BTC price catalyst

Bitcoin (BTC) maintained $17,000 support into Dec. 10 ahead of a critical week of macro data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView CPI print will make Fed “slow down” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it traded sideways after the close of trading on Wall Street. The pair looked set …

Florida best-prepared US state for widespread crypto adoption: Research

It’s not just pro-crypto regulations but also a supporting infrastructure that allows sustainable crypto adoption in any jurisdiction. Weighing in factors such as the number of Bitcoin (BTC) ATMs, blockchain companies and public interest in cryptocurrencies, Florida comes out as the most crypto-ready state in the United States. The US hosts a network of 33,865 …

Bank of Russia Backs Crypto Mining Bill But Insists Minted Coins Should Be Exported

The monetary authority in Moscow has expressed support for the latest legislative attempt to legalize cryptocurrency mining. However, the regulator wants the extracted digital currency to be sold outside the country or only under special legal regimes in Russia, as an exception. Russia’s Central Bank Suggests Restrictions Be Added to Proposed Crypto Mining Law The …

Report: Chipper Cash Valuation Dropped to $1.25 Billion After it Secured Additional Funding From FTX

After Chipper Cash ended 2021 as one of Africa’s most valued fintechs, the FTX-backed startup’s valuation dropped from $2 billion to $1.25 billion after it reportedly received a $35 million simple agreement for future equity (SAFE) grant from the now-collapsed crypto exchange FTX. Chipper Cash has also reportedly laid off 50 employees as it seeks …

European Union to Put a 10,000-Euro Limit on Cash Payments; Transactions Over €1,000 in Crypto Will Be Scrutinized

The states of the European Union have convened to establish a new limit on cash purchases and to strengthen the controls on cryptocurrency transactions. On Nov. 6 the bloc agreed to put a limit of €10,000 ($10,557) on cash payments and to exert stronger oversight on crypto transactions of over 1,000 euros ($1,055). European Union …

Veteran Crypto Trader Tone Vays Says Bitcoin (BTC) Is Priming for a Major Move – Here’s His Outlook

Seasoned cryptocurrency analyst Tone Vays is predicting that Bitcoin (BTC) is likely to experience an adverse move ahead before a bullish cycle can be confirmed. Vays tells his 123,000 YouTube subscribers that Bitcoin is likely to plunge by over 13% from the current price before meaningful chances of a rally can arise. “I still think …

US DOJ reportedly investigating FTX CEO for siphoning funds out of the US

While many crypto fraudsters were able to slip through the cracks in the past, the same does not hold for FTX CEO Sam Bankman-Fried (SBF). Running parallel to the ongoing scrutiny related to FTX frauds, the United States Department of Justice (DOJ) is reportedly investigating a potential fraud that involves SBF siphoning funds offshore just …

Bahamian attorneys pursue access to FTX data of international customers

Authorities across the globe are fighting against time to bring justice to the millions of people impacted by the financial frauds committed by FTX CEO Sam Bankman-Fried. As part of the ongoing investigations, attorneys representing the Securities Commission of the Bahamas seek access to FTX’s database with international customer information. The Bahamian attorneys filed an …

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