The concept of decentralized finance, or DeFi, has become a hot topic in the financial industry. With its promise of open access, transparency, and efficiency, DeFi has garnered immense interest from investors and developers alike. However, the regulatory landscape surrounding DeFi remains uncertain and fragmented. In this article, we will explore a recent proposal that
Crypto
In a recent impromptu Ask Me Anything (AMA) session on X, entrepreneur and billionaire Mark Cuban shared his thoughts on various cryptocurrency ventures, including Bitcoin, Ethereum, and others. Let’s critically analyze Cuban’s views on these digital assets, as well as his stance on Non-Fungible Tokens (NFTs) and decentralized finance (DeFi). When questioned about his preferred
The surge in popularity of spot Bitcoin exchange-traded funds (ETFs) has caught the attention of Hong Kong players who do not want to be left behind. Harvest Fund Management’s Hong Kong branch recently applied for a spot Bitcoin ETF, joining the preparations for the city’s first wave of such investment products. As Hong Kong regulators
The United States Financial Industry Regulatory Authority (FINRA) has recently unveiled a troubling statistic – approximately 70% of retail communications regarding cryptocurrencies violate its rule on misleading claims. In a report, FINRA disclosed that these communications lacked the necessary information to accurately evaluate digital assets, specifically in terms of how they are issued, held, transferred,
Blockchain security firm CertiK, known for its expertise in securing digital assets and decentralized technologies, is currently facing a significant rise in scams and fraudulent activities. These scammers are leveraging the reputation of CertiK to spread misinformation and defraud unsuspecting users. In a recent blog post, the company shed light on the various challenges it
Manhattan federal prosecutors have announced the sentencing of Mark Scott, a former partner at the U.S. law firm Locke Lord, to 10 years in prison for his role in a fraudulent cryptocurrency scheme worth $400 million. On Thursday, the sentencing took place, and Scott was found guilty of conspiracy to commit money laundering and conspiracy
Changpeng Zhao, the renowned founder of the cryptocurrency exchange Binance, recently faced a significant setback when his request to travel to the United Arab Emirates was denied by a federal judge. This latest development adds to the series of challenges he has encountered in recent months. The Request and Rejection In his bid to travel
Bitcoin mining company Core Scientific has successfully completed its reorganization and is now emerging from Chapter 11 with a stronger financial standing. The company has announced its plans to list its common stock, tranche 1 warrants, and tranche 2 warrants on the Nasdaq Global Select Market under the symbols CORZ, CORZW, and CORZZ, respectively, starting
On Monday, the Securities and Exchange Commission (SEC) shocked the public with the disclosure that the multi-factor authentication (MFA) on its X account had been disabled, leading to a false post regarding the approval of spot Bitcoin ETFs. This incident occurred on January 9, 2024, when the SEC’s official Twitter account was compromised, raising serious
In just six days of trading, the recently approved spot Bitcoin exchange-traded funds (ETFs) have experienced a remarkable influx of bitcoins (BTC). These ETFs have collectively accumulated over 95,297 BTC, amassing a total of 647,374 BTC including the assets of the Grayscale Bitcoin Trust (GBTC). The growing popularity of these ETFs can be attributed to
