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U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said there is no need for additional legislation for cryptocurrencies, reports The Block. Existing securities laws cover most of the activity that happens in the cryptocurrency markets, Gensler told reporters after a March 29 hearing at the U.S. House Committee on Appropriations. During the hearing, he...
Former FTX CEO Sam Bankman-Fried has been accused of organizing a bribe of at least $40 million to Chinese officials, Reuters reports. U.S. Attorney’s Office brought him new charges on 13 counts, which include conspiracy to violate anti-corruption laws. Bankman-Fried personally oversaw the transfer of at least $40 million worth of cryptocurrencies to Chinese officials,...
Crypto exchange Binance announced the creation of a new blockchain hub in Georgia, calling this country one of the most innovative in the region, and expressed its readiness to actively participate in the development of its crypto industry. As part of the project, Binance hopes to attract more specialists to the blockchain sector, promote educational...
The US Securities and Exchange Commission (SEC) filed a lawsuit against the head of the Huobi crypto exchange and the founder of the TRON blockchain, Justin Sun, and sent a notice to Coinbase officially announcing the regulator’s plans to file a lawsuit against this exchange. The SEC has charged Justin Sun and his three companies...
On March 21, the Fear and Greed index in the cryptocurrency market reached 68 points for the first time in 16 months. The last time the indicator exceeded this value was on November 16, 2021, after Bitcoin set an all-time high at $69,000. On that day, the index was at around 71 points. The Fear...
The bankrupt FTX cryptocurrency exchange has sued the Bahamian company FTX Digital Markets and its liquidators, accusing them of wrongfully claiming the assets of the exchange, The Block reports. FTX managers stated in the lawsuit that the FTX crypto exchange operator, FTX Digital Markets, claims the cryptocurrency and intellectual property of the platform FTX.com ,...
The US Federal Deposit Insurance Corporation (FDIC) has sold the business of Signature Bank, with the exception of its cryptocurrency part. Starting March 20, 40 units of Signature Bank will be operated by Flagstar Bank, owned by New York Community Bancorp, the regulator said in a press release. As of the end of 2022, Signature...
Binance stopped depositing and withdrawing funds in British pounds for new users from the UK from March 13, for other users from this country the functions will be available until May 22, according to Bloomberg. This is due to the fact that Binance’s banking partner, Paysafe, has stopped supporting transactions in British currency for exchange...
Silvergate Capital announced the closure of its Silvergate cryptocurrency bank. Its activities will be stopped, and the bank itself will be liquidated in accordance with the law, the press release says. “In light of recent industry and regulatory developments, Silvergate believes that an orderly wind down of Bank operations and a voluntary liquidation of the...
Thailand has abolished corporate income tax and value added tax for companies that issue digital tokens for investment. This was announced by the representative of the government of this country Rachada Dhnadirek, writes Reuters. Investment tokens are tokenized assets (created on the blockchain), which are a digital analogue of real assets and are tied to...
