Monthly archives: August 2024

The latest draft form eliminated asking US taxpayers the time of day a crypto transaction occurred and identifying the “broker type.”

The program will be open to a limited number of participants initially but will expand at a later date.

This week’s Crypto Biz examines Hong Kong’s crypto ETF market, Morgan Stanley’s green light for Bitcoin funds, Xapo Bank license in the UK, and Core Scientific’s billionaire deal with CoreWeave.

The governing body of the Federal Reserve System has issued an enforcement action against Customers Bancorp, the parent company of state-chartered Customers Bank known for doing business with crypto exchange platforms and stablecoin issuers. The Federal Reserve Board (FRB) says the Pennsylvania-based bank holding company and its subsidiary have significant deficiencies in risk management practices …

Continue reading “U.S. Federal Reserve Hits Customers Bank With Enforcement Action Related to Crypto Services”

Analyst Benjamin Cowen is saying that the altcoin market could stop bleeding against Bitcoin (BTC) when one key event occurs. In a new video, Cowen tells the 806,000 subscribers of his YouTube channel that a reliable gauge of the altcoin market is the performance of Ethereum against Bitcoin (ETH/BTC). Cowen suggests that once the ETH/BTC …

Continue reading “Here’s When the Altcoin Market Could Stop Bleeding Against Bitcoin, According to Top Analyst Benjamin Cowen”

A US court has ordered bankrupt crypto exchange FTX to pay $12.7 billion in monetary relief to customers who suffered losses when the company collapsed in 2022. In a new statement, the Commodity Futures Trading Commission (CFTC) says the order requires FTX to pay $8.7 billion in restitution and $4 billion in disgorgement to further …

Continue reading “US Court Orders Bankrupt Crypto Exchange FTX To Pay $12,700,000,000 to Former Customers and Fraud Victims”

The Securities and Exchange Commission (SEC) of Thailand is launching a new crypto asset regulatory sandbox to test its digital asset-related services. In a new announcement, the securities regulator says it’s launching the sandbox – a controlled environment set up by regulators where companies can test their services and products – as a means of …

Continue reading “Thailand Securities Regulator Launches Digital Asset Regulatory Sandbox for Crypto Testing”

While selecting the right stocks to invest in is crucial for every trader’s success, it isn’t easy, even for experienced investors. There’s no particular approach to picking the best stocks for your investment portfolio. It’s dependent on numerous factors. Discussed below is how to pick stocks to invest in. 1. Determine a stock’s intrinsic value …

Continue reading “Four Considerations When Selecting Stocks to Invest In”

XRP surged by more than 27% in the 24 hours after a judge issued a long-awaited order in the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple Labs. In an order filed on Wednesday, District Judge Analisa Torres imposed a $125 million civil penalty against the San Francisco-based payments company. In March, the SEC …

Continue reading “XRP Skyrockets by 27% in 24 Hours After Judge Orders Ripple To Pay $125,000,000 in SEC Lawsuit”

Americans are holding a whopping $7.162 trillion in uninsured cash in their bank accounts, according to an under-the-radar report from the Federal Deposit Insurance Corporation (FDIC). The agency says the data, which was captured at the end of March, shows the amount of unprotected cash in US banks is increasing for the first time since …

Continue reading “$7,162,000,000,000 in Uninsured Deposits Brewing in US Bank Accounts As Customers Risk Zero Protection From Federal Government: Report”