Coinbase, the leading cryptocurrency exchange in the United States, officially launched a “counterattack” against the US Securities and Exchange Commission (SEC) on Monday (24th), requesting the federal court to force the SEC to respond to Coinbase’s request for “clarifying cryptocurrency regulations.” Coinbase sent a so-called “rulemaking petition” to the SEC in July last year, asking …
Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), said that in terms of regulating cryptocurrencies, the current U.S. securities regulations can achieve regulatory purposes, and there is no need for additional legislation. He also pointed out that although the rules of the cryptocurrency market exist, the industry is still “full of irregularities.” …
Hui Zhengyu, Hong Kong’s Secretary for Financial Services and the Treasury, said that Hong Kong has the advantage of becoming an “Asian Web3 hub.” He emphasized that the Hong Kong government attaches great importance to virtual assets and Web3 and is “highly committed to developing the industry.” In addition, Xu Zhengyu also mentioned that the …
The aftermath of the FTX crash has not dissipated. According to the latest outflow of a copy of the annual investor letter, the hedge fund Multicoin Capital’s loss in 2022 is as high as 91.4%. There are two main reasons. First, the entire encryption market was too volatile last year. The second is that it …
U.S. Treasury Secretary Janet Yellen said during the G20 meeting of finance ministers and central bank governors that “it is critical to establish a strong regulatory framework for cryptocurrencies”, “but we have not recommended an outright ban on cryptocurrencies.” Activity”. Yellen spoke about the regulation of cryptocurrencies in an interview with Reuters on the sidelines …
U.S. Treasury Secretary Yellen: Establishing a strong regulatory framework is crucial Read More »
Liquidity issues at Digital Currency Group (DCG) have apparently reached a critical juncture, leading to the sale of its holdings in the Grayscale cryptocurrency trust. The cryptocurrency community has long speculated about the impact on the cryptocurrency market if DCG dumped Grayscale’s trust shares. After DCG’s trading platform Genesis Trading filed for bankruptcy last month, …
Digital Currency Group ( DCG ) CEO Barry Silbert has worked in traditional financial markets for many years. After moving to the encryption field, he successfully created his DCG empire and is now trying to save his brokerage firm from bankruptcy. A year ago, Barry Silbert’s 40% stake in DCG was worth more than $3 …
Official data showed that the inflation in the United States had cooled down in December last year, which strengthened the market’s expectations for the Federal Reserve (Fed) to restrain the strength of interest rate hikes, and encouraged Bitcoin to break through 19,000 US dollars in the early morning of this (13th), hitting the highest level …
Faced with the threat of a bear market, cryptocurrency companies are laying off waves one after another. Even Coinbase, an American cryptocurrency exchange, said it would lay off 20% of its workforce. It also expects a loss of up to $500 million in 2022. Unexpectedly, the stock price did not fall but rose. It closed …
South Korean business media “Hankyung” reported that the criminal court of the Seoul Central District Court in South Korea acquitted Lee Jung-hoon, the former chairman of Bithumb, in the first instance of the “suspected 100 billion won fraud lawsuit”. Earlier, South Korean prosecutors asked the court to sentence Bithumb’s actual owner, Lee Jung-hoon, to eight …
