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The CFTC said that My Big Coin investors might not get their money back as the alleged operators “may not have sufficient funds or assets.” The alleged operators of My Big Coin have been ordered to pay around $25.8 million in fines to the Commodity Futures Trading Commission for their roles in the crypto scheme….
CFTC acting chair Caroline Pham says the agency won’t ease up on crypto just because the Trump administration has pledged to support the industry. The Trump administration’s more relaxed attitude to crypto doesn’t mean the Commodity Futures Trading Commission will give the industry an easy ride, says the agency’s acting chair, Caroline Pham. “There is…
ASIC alleges Glenda Maree Rogan told clients they were investing in a high-yield fixed-interest account but sent their funds to a crypto exchange listed as a scam. Australia’s markets regulator has banned a financial adviser from offering financial services for 10 years, alleging she deceptively invested her clients’ money into a crypto platform listed as…
ASIC alleges Glenda Maree Rogan told clients they were investing in a high-yield fixed-interest account but sent their funds to a crypto exchange listed as a scam. Australia’s markets regulator has banned a financial adviser from offering financial services for 10 years, alleging she deceptively invested her clients’ money into a crypto platform listed as…
Ant International plans to apply for stablecoin licenses in Hong Kong and Singapore, signaling growing fintech interest in regulated crypto payment systems, Bloomberg reported. Ant International reportedly plans to apply for stablecoin issuer licenses in Singapore and Hong Kong, signaling growing institutional cryptocurrency adoption among fintech firms. Ant International, a Singapore-based unit of the Jack…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, US stablecoin legislation moves closer to a Senate vote. Meanwhile, Ukraine eyes adding cryptocurrencies to its national reserves, and a proposed Bitcoin software update…
Connecticut has joined the growing number of US states rejecting the notion of a state Bitcoin reserve, prohibiting government entities from making crypto investments and payments. Connecticut lawmakers unanimously passed a bill prohibiting state and local government divisions from accepting cryptocurrency payments and holding crypto assets. The House Bill 7082, titled “An Act Concerning Various…
Republican Representative William Timmons has asked US Securities and Exchange Commission Chair Paul Atkins for documents on the agency’s historical approach to Ether. Republican Representative William Timmons has asked US Securities and Exchange Commission chair Paul Atkins to turn over documents on the agency’s historical treatment of Ether under its Biden-era chair, Gary Gensler. Timmons…
The Bank of Japan’s June meeting could trigger a Bitcoin rally if it restarts quantitative easing, as bond yield concerns push institutions toward BTC as a hedge. The Bank of Japan’s (BOJ) upcoming monetary policy meeting in June may provide the next significant catalyst for global risk assets like stocks and cryptocurrencies. The BoJ is…
Securities and Exchange Commission chair Paul Atkins also bashed the previous administration under former SEC Chair Gary Gensler and its approach to crypto. The US securities regulator is working on an “innovation exemption” to stoke the creation of more onchain products and services, according to Securities and Exchange Commission chair Paul Atkins. Atkins, a former…