Tech

25 March

SEC Launches Crypto 2.0 Task Force to Strengthen Trade Oversight

The U.S. Securities and Exchange Commission (SEC) has announced the formation of the Crypto 2.0 Task Force, a new initiative aimed at enhancing oversight of digital asset markets. This move signals the agency’s continued efforts to regulate the evolving cryptocurrency landscape and address emerging risks in trading activities. A New Era of Crypto Regulation The Crypto 2.0 Task Force will …

25 March

SEC Chair Opposed Lawsuit Against Elon Musk: Reuters

The U.S. Securities and Exchange Commission (SEC) Chair, Gary Gensler, reportedly voted against taking legal action against Elon Musk over alleged violations of a 2018 settlement agreement, according to a Reuters report. The decision marks a significant moment in the ongoing regulatory tensions between the SEC and the Tesla CEO. Background of the Dispute The SEC has had a longstanding …

25 March

Web3 Firm Backseat Acquires Japanese Crypto Exchange Coinbook

Web3 technology firm Backseat has officially acquired Coinbook, a Japan-based cryptocurrency exchange, in a move aimed at expanding its presence in the Asian digital asset market. The acquisition marks a strategic push by Backseat to strengthen its foothold in the region’s growing crypto ecosystem. Expanding into the Japanese Market Japan has long been a key player in the cryptocurrency industry, …

25 March

Kraken Seeks $1B Debt Raise as IPO Plans Take Shape: Report

Cryptocurrency exchange Kraken is reportedly looking to raise up to $1 billion in debt financing as it prepares for a potential initial public offering (IPO), according to sources familiar with the matter. The move signals the company’s efforts to strengthen its financial position ahead of a highly anticipated market debut. Building Financial Resilience Kraken, one of the largest digital asset …

25 March

Massachusetts Regulator Investigates Robinhood’s Prediction Markets Offering

Massachusetts securities regulators have launched an investigation into Robinhood over its newly introduced prediction markets product. The inquiry aims to determine whether the offering complies with state and federal regulations governing financial markets and gambling-related activities. Concerns Over Prediction Markets Robinhood recently announced plans to enter the prediction markets space, allowing users to place wagers on the outcomes of real-world …

25 March

Arizona Moves Forward with Crypto Reserve Bill for Full House Vote

Arizona lawmakers have advanced a bill that would establish crypto reserves for certain state financial holdings, moving it closer to a full vote in the House. The legislation aims to integrate digital assets into the state’s financial system while ensuring stability and regulatory oversight. Key Provisions of the Bill The proposed legislation would allow the state to hold cryptocurrency as …

25 March

Trump Media and Crypto.com Explore ETF Partnership in New Agreement

Trump Media & Technology Group (TMTG) has signed a non-binding agreement with Crypto.com to explore the launch of exchange-traded funds (ETFs) focused on digital assets. The potential collaboration signals an effort to expand into the growing cryptocurrency investment market. Exploring a Crypto ETF Venture While details remain limited, the agreement suggests that TMTG and Crypto.com are evaluating opportunities to introduce …

25 March

Binance Wallet Employee Suspended Amid Insider Trading Probe

Binance has suspended an employee from its wallet team following an internal investigation into alleged insider trading. The move comes as the cryptocurrency exchange intensifies efforts to uphold transparency and compliance within its operations. Allegations of Insider Trading The investigation was launched after unusual trading activity was detected in relation to certain token listings on the Binance platform. Reports suggest …

25 March

Sen. Warren Grills SEC Nominee Paul Atkins Over FTX Ties, Regulatory Stance

Senator Elizabeth Warren has raised concerns over SEC nominee Paul Atkins’ past connections to FTX and his stance on financial regulations during a recent confirmation hearing. The questioning highlights ongoing scrutiny over regulatory oversight in the wake of FTX’s collapse and broader concerns about Wall Street deregulation. Atkins’ Connection to FTX Atkins, a former SEC commissioner known for his deregulatory …

25 March

Survey: Most Spanish Crypto Traders Hold Strong on BTC and USDC

A recent survey has revealed that the majority of cryptocurrency traders in Spain are holding onto Bitcoin (BTC) and USD Coin (USDC) rather than actively trading. The findings suggest a growing preference for long-term investment strategies amid market uncertainty. Bitcoin Remains the Top Choice The survey indicates that BTC remains the dominant asset among Spanish crypto traders, with many viewing …