Business

SEC embroiled in court cases; Hester Peirce says crypto firms shouldn’t give up on US

[ad_1] Hester Peirce, one of five commissioners with the United States Securities and Exchange Commission (SEC) and an outspoken proponent of crypto, has urged lawmakers and regulators for clarity on digital assets.Speaking to Cointelegraph at the Permissionless II conference in Austin, Texas on Sept. 11, Peirce said she wouldn’t have expected the SEC to be “this far behind” in finding a solution for a regulatory framework on cryptocurrencies when she
Business

Blockchain Capital closes funds totaling $580M for investments in crypto gaming, DeFi

[ad_1] Venture capital group Blockchain Capital announced the closing of two new funds, totalling $580 million, for investment in infrastructure, gaming, DeFi and consumer/social technologies.The funds will operate as Blockchain Capital’s sixth early stage fund and its first “opportunity fund,” with the latter serving as an inroad to companies who’ve already secured major funding elsewhere.We're thrilled to share the closing of 2 new funds – our 6th early stage fund
Business

Bitcoin investors are bullish on the US Fed’s $100B loss

[ad_1] The U.S. Federal Reserve made a significant announcement on Sept. 14, revealing accumulated losses of $100 billion in 2023. What’s more, this situation is expected to worsen for the Fed, according to Reuters. But for risk assets like Bitcoin (BTC), this may actually be a blessing in disguise. The Fed in the redThe primary reason behind this financial setback is that the interest payments on the Fed’s debt have surpassed the
Business

Digital assets will be a ‘sleeper issue’ for 2024 elections

[ad_1] Tom Emmer, majority whip of the United States House of Representatives and crypto proponent, says that digital assets have become a “sleeper issue” in U.S. politics, both at the state and federal levels.Speaking to Cointelegraph at the Permissionless II conference in Austin, Texas on Sept. 11, Emmer said certain candidates running for office in 2024 may underestimate the impact of issues surrounding crypto and blockchain. He pointed to financial
Business

SEC accuses Binance of noncooperation, court unseals case documents: Law Decoded

[ad_1] The legal struggle between crypto exchange Binance and the United States Securities Exchange Commission (SEC) continues. The SEC has accused Binance.US of noncooperation in the ongoing investigation. The agency points out that Binance.US’s holding company, BAM, has produced only 220 documents during the discovery process. Many of those materials “consist of unintelligible screenshots and documents without dates or signatures,” the SEC said. The regulator added that BAM has refused
BLOCKCHAIN

Citi Token Services will provide payments, liquidity to institutional customers

[ad_1] Citigroup has introduced Citi Token Services, a private, permissioned blockchain that offers cross-border payments, liquidity and automated trade finance solutions to institutional clients. The new services “will integrate tokenized deposits and smart contracts into Citi’s global network,” according to a statement.  Citi Treasury and Trade Solutions (TTS), which has banking licenses in over 90 countries, has completed two pilots of the service. It worked with Danish shipping company Maersk
Business

Hearing in Washington, DC, over BAM motion to compel starts now

[ad_1] Binance CEO Changpeng Zhao played it cool in the hours leading up to the hearing in District of Columbia District Court on Sept. 18, posting a picture of branded merchandise with a cheery message about the company’s interns. He is likely to pay close attention to the court proceedings, however, as the disagreement between the United States Securities and Exchange Commission (SEC) and Binance.US is at a high pitch after
ALTCOIN

Bitbuy enters strategic partnership with Canadian crypto ATM firm Localcoin

[ad_1] Canadian fintech corporation WonderFi, a firm backed by billionaire Kevin O’Leary, recently announced a strategic partnership between Bitbuy and cryptocurrency ATM provider Localcoin ATM.The partnership, announced on Sep. 18, will shore up Localcoin’s crypto ATM offerings throughout Canada with Bitbuy’s exchange platform and the “deep liquidity” that comes with it, according to a press release from WonderFi. PRESS RELEASE: Bitbuy Partners with Localcoin, Canada's Largest Bitcoin ATM ProviderBitbuy's digital
Business

Crypto fund outflows reach nearly half a billion over 9 weeks — CoinShares

[ad_1] Outflows from crypto exchange-traded products (ETPs) reached $455 million over the previous nine weeks, according to a report from asset manager CoinShares. Outflows from ETPs generally indicate negative sentiment toward cryptocurrencies.Let’s analyse the latest dynamics in digital asset investment products. Here is our #FundFlows with @jbutterfill. Last week, outflows totalled US$54m.There have been outflows for 8 out of the last 9 weeks that aggregate to US$455m.1/4 pic.twitter.com/23TRrTuN3L— CoinShares (@CoinSharesCo)