Industry
Fidelity Leads the Charge: Seventh Applicant of the Year Pushes for Spot Wise Origin BTC Trust
Fidelity Investments, an asset manager, has submitted an application for a spot bitcoin exchange-traded fund (ETF), as stated in a filing by Cboe BZX Exchange with the US Securities and Exchange Commission (SEC) on June 19.Hallie GillAnthony Scaramucci Slams Sam Bankman-Fried: A Damaging Blow to the Industry
Speaking at the Collision 2023 conference in Toronto, Skybridge Capital founder and Former White House communications director, Anthony Scaramucci, criticized cryptocurrency executive Sam Bankman-Fried for causing regulatory challengesJerry McNeillCoinbase Fights Back: Urges Dismissal of SEC Lawsuit, Citing Excessive Abuse of Process
Coinbase, the US-based cryptocurrency exchange, has filed a motion to dismiss the Securities and Exchange Commission's (SEC) complaint in their ongoing legal battle.James DeanSlovakia Takes Bold Step: Parliament Votes to Slash Cryptocurrency Taxes
The National Council of the Slovak Republic, the country's parliament, has approved a measure to lower taxes on cryptocurrencies, among other changes affecting cryptocurrency holders.Barry StidhamUS Contemplates Stricter Controls on AI Chip Exports: Implications for Global Innovation
US officials are considering implementing stricter export controls to limit the supply of artificial intelligence (AI) chips to China. Sources close to the officials have indicated that these regulations would involve restricting the computing power of exported chips.Cornell RachelHester Peirce Challenges US Crypto Law: Rejects Assumption of 'Everything as a Financial Asset
Hester Peirce, a commissioner at the US Securities and Exchange Commission (SEC), has expressed her view that cryptocurrency laws in the United States should adopt a more nuanced approach.Wayne IngramBank of Italy Urges Action: Establishing a Framework to Prevent Stablecoin Runs
Italy's top banking authority has urged the establishment of a robust and risk-based regulatory framework for stablecoins to prevent potential risks and a worst-case scenario of a "run" on stablecoins.Hallie GillCountdown to Showdown: SEC's Response to Coinbase's Legal Defense Set for July 13
The US Securities and Exchange Commission (SEC) will provide its response to Coinbase's initial legal defense on July 13. as stated in a court order published on Thursday, June 29.Craig GreenBreaking News: South Korea Takes a Stand Against Unfair Trading with New Cryptocurrency Bill
The South Korean government has passed a new crypto bill, known as the Virtual Asset User Protection Act, aimed at safeguarding cryptocurrency investors and preventing incidents like the implosion of Do Kwon's Terra ecosystem. On June 30.Christopher SmithUS Senators Call for Action: Tech Firms Urged to Label AI-Generated Content
US Senator Michael Bennet is calling on tech companies to label content generated by artificial intelligence (AI) and to closely monitor any misleading information produced by AI systems.Cornell RachelCombatting Cryptocurrency Scams: Australian Blockchain CEO Champions Unity for Effective Solutions
Simon Callaghan, the newly appointed CEO of Blockchain Australia, is urging Australian banks, the government, and the crypto industry to collaborate in combating the increasing number of cryptocurrency scams.Martha GrizzardCFTC Slams the Gavel: $54 Million Default Judgment Against Crypto Fraudster in Landmark Case!
In 2022. two major cryptocurrency Ponzi schemes, Forsage and Trade Coin Club, faced prosecution for defrauding investors.Wayne IngramMaple Finance Unleashes Direct Lending Solution, Filling the Void Left by BlockFi and Celsius
Maple Finance, a web3 lending platform, has unveiled its direct lending program as a replacement for now-defunct lenders such as Celsius and BlockFi, according to a fact sheet released on June 28.Hallie GillExciting FTX Reboot on the Horizon: CEO Engages in Talks With Key Stakeholders
Bankrupt cryptocurrency exchange FTX is making progress towards relaunching with a new exchange, according to The Wall Street Journal.Jerry McNeillBlackRock Embraces the Power of AI: Hails it as a 'Tremendous Force' Driving Phenomenal Returns
BlackRock, a global investment giant managing $10 trillion in assets, has expressed its belief that artificial intelligence (AI) is a "massive force" capable of generating impressive returns for investors,Sherry CantwellEmbracing the Future: FedNow Early Adopters Prepare to Innovate, with Blockchain Integration on the Horizon
On June 29. FedNow, the Federal Reserve's forthcoming instant payments system, published a list of certified "early adopters."James DeanRBNZ Takes a Stance: Cryptocurrency Regulation Can Wait, Says Central Bank
The Reserve Bank of New Zealand (RBNZ) has announced increased monitoring of stablecoins and crypto assets following a public submission, although it has not called for immediate regulatory action.Wayne IngramFiery Clash: US House Committee Chair and Blockchain Association Take Aim at SEC Chairman Gensler
Three Chairmen of CommitTees in the us house of represses, namely Jim Jordan, James ComEr, and Patrick Mchenry, have sent a letter to Gensler, seeking Updates on their Previous Inquiry Regarding The Secliance with Record-Keeping Requirements.Hallie GillResilience Tested: Major US Banks Triumph in 'Severe Recession' Stress Test
The Federal Reserve recently released its stress test report, revealing that all 23 of the largest banks in the United States are well-equipped to withstand a severe recession.Jerry McNeillBinance's Eurobank Partnership in Jeopardy: Support Set to Vanish
Binance, a prominent cryptocurrency exchange, has notified its users that its current euro banking partner, Paysafe Payment Solutions, will no longer support the exchange.Sherry Cantwell
