Tag: FTX
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BTC Purchase Found to be Fraudulent and Illegal
Recently,BTC scammers have used ingenuity to steal substantial amounts from investors. Thankfully, law enforcement organizations have detained and jailed some of them. The Moroccan BTC Scam A Frenchman received 18 months in prison, according to Morocco World News, for using Bitcoin to purchase a Ferrari and presenting a fake check to a different merchant in […]
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Nations and Their Regulation of Cryptocurrency Worldwide
Need to Regulate Cryptocurrency all around the world Cryptocurrency is a digital currency managed by algorithms and has no third-party interference like banks or other sources. Anyone can open this on their laptops, computers, or phones. Therefore, the governments of different nations have different approaches to digital currency. Even the Financial market regulators are not […]
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Coinbase Global Faces Regulatory Challenges, Leading to Downgrade
Coinbase Global’s (NASDAQ:COIN) stock has been downgraded from Buy to Neutral by Citi due to an uncertain regulatory landscape. In Monday’s after-hours trading, the stock fell by 1.7%, and analyst Peter Christiansen explained in a note that until the regulatory rules are better established in the United States, the stock will remain under pressure due […]
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New Crypto Bill To Be Introduced In 2 Month And What It’s About
Within the next two months, both the House Agriculture and Financial Services Committees in the US will introduce comprehensive legislation to regulate the Crypto Industry. The two committees’ joint public hearing, set to begin in May. Will take place prior to the release of the new bill. At the Consensus 2023 conference, House Financial Services […]
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USD coin slump because of US Regulators blame Circle CEO
Circle Internet Financial CEO Jeremy Allaire attributes the declining value of the company’s stablecoin, USD Coin, to regulatory problems in the United States and concerns about the country’s banking sector. Circle was founded in 2013 by Sean Neville and Jeremy Allaire, who previously launched a start-up named Brightcove which is a video platform start-up. Circle […]