0 - 2023 | MachinaTrader.com

Senator Lummis Criticizes SEC’s Crackdown on Crypto Industry, Urges Clarity and Collaboration

In a recent interview with Yahoo Finance, Senator Cynthia Lummis expressed her disapproval of the Securities and Exchange Commission’s (SEC) intensified crackdown on the crypto industry throughout 2023. Lummis criticized the aggressive nature of the SEC’s actions, deeming it unnecessary and overreaching. She specifically opposed the SEC’s controversial new crypto policy, “Staff Accounting Bulletin 121,” […]

Lawmaker Proposes Slashing SEC Chair’s Salary to $1 in Defunding Effort

A United States lawmaker has proposed a controversial amendment to the Financial Services and General Government bill, which aims to reduce government spending. The amendment suggests reducing the salary of Securities and Exchange Commission (SEC) chair Gary Gensler to just $1 per year. This move is part of a wider proposal to defund the regulator. […]

FTX Founder’s Conviction Sparks Hollywood Interest and Future Adaptations

The founder of FTX, Sam Bankman-Fried, has been convicted on seven counts of fraud and conspiracy. After a month-long trial in federal court in New York City, Bankman-Fried was found guilty of cheating investors and customers out of over $10 billion through FTX and his cryptocurrency trading firm, Alameda Research. The charges against him carry […]

Ripple’s Milestones Propel XRP to Fourth-Largest Cryptocurrency

XRP, the cryptocurrency associated with Ripple, experienced a significant surge in price, rising over 8% in the past 24 hours. This surge propelled XRP to become the fourth-largest cryptocurrency by market capitalization, temporarily displacing Binance Coin (BNB) from its position.The price rally appears to be a reaction to two key developments concerning Ripple. Firstly, the […]

UK Releases Suite of Documents on Stablecoin Regulation

A series of documents have been released in the United Kingdom regarding the regulation of stablecoins. The Financial Conduct Authority (FCA) and the Bank of England (BOE) have both published discussion papers on the topic. In addition, the BOE’s Prudential Regulatory Authority (PRA) has issued a letter to CEOs of deposit-taking institutions, and the BOE […]

Crypto Lawyer Predicts Major Legal Victory for Ripple in SEC Lawsuit

John Deaton, a prominent crypto lawyer and founder of Crypto Law, has shared his opinion on the ongoing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). According to Deaton, a settlement of $20 million or less in the lawsuit would be a 99.9% legal victory for Ripple. He argues that those […]

FTX Founder Found Guilty of Embezzling $8 Billion in Customer Funds

Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has been convicted on seven charges in New York. The jury found him guilty of embezzling $8 billion from customers, using the funds for speculative investments and an extravagant lifestyle. The verdict, delivered on multiple counts, highlights Bankman-Fried’s greed and deception. His defense of being a humble […]

FTX Collapse Exposes Bitcoin Guru Sam Bankman-Fried’s Guilt

The recent downfall of Sam Bankman-Fried and his cryptocurrency exchange FTX has had a significant impact on the industry. Bankman-Fried, the former CEO of FTX, has been found guilty of fraud and faces a potential prison sentence of up to 115 years. The evidence against him was overwhelming, with three of his closest employees testifying […]

Strategic Decumulation: Maximizing Retirement Savings While Maintaining Financial Security

In the third phase of life, many people face challenges in various aspects, including finances. Retirement brings about a significant shift in social connections and daily routines, which can be difficult to navigate. Additionally, financial concerns become more pressing as individuals must consider how to effectively manage their savings and investments. Questions arise, such as […]

Exploring the Potential of Central Bank Digital Currencies: Project Sela Pioneers Advanced CBDC Ecosystem

In a groundbreaking collaboration, the Hong Kong Monetary Authority (HKMA), the Bank for International Settlements (BIS) Hong Kong Centre, and the Bank of Israel (BOI) have joined forces to explore the potential of Central Bank Digital Currencies (CBDC). This initiative, known as “Project Sela,” aims to create an advanced CBDC ecosystem that prioritizes privacy, security, […]