The Monetary Authority of Singapore (MAS) recently made significant updates to its Counter-Terrorism regulations, particularly concerning Digital Payment Token (DPT) service providers. In response to the country’s Terrorism Financing National Risk Assessment (NRA) and National Strategy for Countering the Financing of Terrorism, MAS raised the risk level of DPTs from medium-low to medium-high. This adjustment
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Recently, Binance.US, the American branch of the global cryptocurrency exchange Binance, faced a setback in its legal battle with the Securities and Exchange Commission (SEC). Despite its efforts to dismiss the SEC’s allegations, the US District Court ruled in favor of the SEC, allowing the case to move forward. This decision came after the Court
The current approach of the US Securities and Exchange Commission (SEC) towards crypto disclosure filings has been deemed as problematic by both billionaire investor Mark Cuban and SEC Commissioner Mark Uyeda. Form S-1, the registration statement required by domestic issuers to offer new securities publicly, poses significant challenges for token-based companies. These companies often have
In his recent essay titled “Zoom Out,” Arthur Hayes, co-founder of crypto exchange BitMEX, delves into a comprehensive analysis that draws intriguing parallels between economic upheavals of the 1930s to 1970s and today’s financial landscape. Hayes focuses specifically on the implications for the Bitcoin and crypto bull run. He begins his analysis by exploring major
Recently, Ethereum price faced a downside correction from the $3,520 zone. However, it remains stable above $3,420 and shows signs of attempting another increase in the near term. The price failed to surpass the $3,520 zone, leading to a corrective movement. Despite this, Ethereum is currently trading above $3,420 and the 100-hourly Simple Moving Average.
Recent fluctuations in the price of Bitcoin have led to a mix of sentiments among crypto analysts. While some, like Alan Santana, are predicting a further crash in the price of Bitcoin, others remain bullish on the pioneer cryptocurrency’s future. The contrasting predictions provide an interesting look at the current state of the market and
Aayush Jindal is not just another name in the financial markets; he is a luminary whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the
The recent report released by the Polkadot Treasury for the first half of 2024 has sparked worries within the cryptocurrency community. The report indicates that the Treasury’s assets, spread across multiple chains, have become increasingly complex and challenging to manage effectively. This raises questions about the sustainability of Polkadot’s financial resources in the long term.
Silvergate Capital recently settled with the SEC for a substantial $50 million. This settlement comes after Federal Reserve governors and California financial regulators demanded an additional $63 million in fines on July 1. The SEC alleged that Silvergate Capital, along with its subsidiary Silvergate Bank, and two executives, misled investors about the strength of its
The Bahamas is taking steps to enhance the adoption of its central bank digital currency (CBDC), known as the “Sand Dollar.” According to a report by Reuters on July 1, the country’s central bank governor, John Rolle, highlighted the importance of making the Sand Dollar accessible through commercial banks to increase its adoption rates. The
