SEC Files Emergency Action Against Bkcoin in $100 Million Crypto Fraud Scheme â Regulation Bitcoin News
[ad_1] The U.S. Securities and Exchange Commission (SEC) has filed an emergency action against Miami-based investment adviser Bkcoin and one of its principals, Kevin Kang. âThe defendants disregarded the structure of the funds, commingled investor assets, and used more than $3.6 million to make Ponzi-like payments to fund investors,â the SEC alleged. SECâs âEmergency Actionâ […]
US Sentences Man to 3 Years in Prison for Defrauding Investors in Crypto Mining Scheme â Bitcoin News
[ad_1] A U.S. district judge has sentenced a man to three years in prison in a fraudulent cryptocurrency mining scheme. The defendant âmisappropriated his victimsâ money and failed to provide them with the miners and miner-hosting services they had purchased from him,â according to the U.S. Department of Justice (DOJ). Man Sentenced to Prison for […]
Crypto Exchange Binance Joins Forces With Law Enforcement to Launch Anti-Scam Campaign â Featured Bitcoin News
[ad_1] Binance has launched its Joint Anti-Scam Campaign in collaboration with law enforcement agencies worldwide to fight âan alarming uptrendâ in crypto-related scams, the cryptocurrency exchange said. âSo far, the project has achieved tremendous results,â Binance claimed. Binanceâs Joint Anti-Scam Campaign Cryptocurrency exchange Binance announced Friday that it recently launched a campaign to combat cryptocurrency-related […]
Coinbase Acquires One River Digital to Expand Institutional Access to Crypto Assets â Exchanges Bitcoin News
[ad_1] Cryptocurrency exchange Coinbase has acquired One River Digital Asset Management, an institutional digital asset manager and registered investment adviser with the Securities and Exchange Commission (SEC). This acquisition allows Coinbase âto expand institutional access to digital assets,â the crypto exchange said. Coinbase Expanding Institutional Access to Crypto Coinbase (Nasdaq: COIN) announced Friday that it […]
Fed President Warns of ‘Disastrous Results’ if the Fed Loosens Policy Prematurely â Says ‘Inflation Remains Too High’ â Economics Bitcoin News
[ad_1] Federal Reserve Bank of Atlantaâs president has warned of disastrous economic consequences similar to those seen during the financial crisis of the 1970s if the Fed loosens its policy prematurely. Noting that âinflation remains too high,â he stressed: âWe donât want a repeat, so we must defeat inflation now.â Fed Officials on Rate Hikes […]
20% of US Adults Currently Own Crypto â Featured Bitcoin News
[ad_1] A national survey commissioned by Coinbase suggests that about 20% of U.S. adults currently own crypto. In addition, 29% of U.S. adults plan to buy or trade crypto in the next 12 months. âThe vast majority of Americans want to see the financial system updated and they believe crypto can be a powerful part […]
SEC Chairman Explains Why He Views All Crypto Tokens Other Than Bitcoin as Securities â Regulation Bitcoin News
[ad_1] U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has detailed why he considers all crypto tokens other than bitcoin as securities. While acknowledging that crypto tokens may have different setups, he stressed that âat the core, these tokens are securities.â SEC Chair Believes All Crypto Tokens Other Than Bitcoin Are Securities The chairman […]
Billionaire ‘Bond King’ Jeffrey Gundlach Warns of ‘Painful Outcomes’ in Next Recession â Economics Bitcoin News
[ad_1] Billionaire Jeffrey Gundlach, aka the âBond King,â has warned of âpainful outcomes that are coming in the next recession.â Commenting on the Federal Reserveâs attempt to curb inflation, he cautioned: âThe more you try to reduce the severity of problems, youâre going to end up ultimately having a very high severity problem.â âBond Kingâ […]
IMF Calls for ‘More’ Crypto Regulation â Says Banning Should Be an Option â Regulation Bitcoin News
[ad_1] International Monetary Fund (IMF) Managing Director Kristalina Georgieva says crypto needs âmore regulation.â She added, âWe should not take off the table banning those assets,â if regulation fails or is too slow to implement. IMFâs Chief Calls for More Crypto Regulation IMF Managing Director Kristalina Georgieva talked about crypto regulation Saturday on the sidelines […]
IMF Board Offers Guidance for Developing Effective Crypto Policies â Regulation Bitcoin News
[ad_1] The executive board of the International Monetary Fund (IMF) has provided guidance for member countries to develop effective crypto policies. The board stressed the need to develop comprehensive crypto regulations to âbetter mitigate the risks posed by crypto assets while also harnessing the potential benefits of the technological innovation.â IMF Executive Board Provides Guidance […]