Yassin Mobarak, founder of the private equity firm Dizer Capital, believes that the United States Securities and Exchange Commission (SEC) could withdraw all accusations against Ripple and its CEO Brad Garlinghouse. Mobarak claims that the SEC is using litigation to maintain uncertainty in the crypto sector and that a trial could expose their corruption. The […]
Lennix Lai, the global chief commercial officer at crypto exchange OKX, recently spoke with Cointelegraph at the Blockchain Economy Summit in Dubai. He discussed the differences between working in traditional finance and crypto, how OKX handled the wave of exchanges implementing mandatory Know Your Customer (KYC) checks, and how the exchange navigates the rapidly changing […]
Hong Kong is making progress in allowing individual investors to trade cryptocurrencies, but retail stablecoin trading is not yet allowed. Christian Hui, the Secretary for Financial Services and the Treasury, recently stated that Hong Kong has not adopted regulations for stablecoins like Tether USDT and USD Coin USDC, meaning retail investors are not allowed to […]
Yedidia was called to testify about a bug in FTX’s accounting software that caused it to overstate the amount of money Alameda Research owed exchange customers by $8 billion. This was a big problem, as customers had wired their money to the trading firm and then got credited in their FTX account. The arrangement was […]
The United Kingdom has an opportunity to capitalize on the departure of Web3 firms from the United States due to regulatory uncertainty. To achieve this, the U.K. must create its own regulatory path, smoothing the requirements for crypto in some regard. A recent report from the influential conservative think tank Policy Exchange has proposed 10 […]
XRP is now the only altcoin in the US with clear regulatory definitions, after the motion for interlocutory appeal from the SEC was denied in the ongoing legal battle with Ripple. Judge Analisa Torres denied the SEC’s motion for certification of interlocutory appeal, and the SEC’s request for a stay was also denied as moot. […]
Steven Schoenfield, former managing director at BlackRock, believes that the U.S. Securities and Exchange Commission (SEC) may approve a Bitcoin spot (ETF) within the next “three to six months.” BlackRock, which manages a colossal $9.42 trillion in assets, has a track record of a 575-1 success rate when it comes to obtaining ETF approvals from […]
The European Securities and Markets Authority (ESMA) released a second consultative paper on Markets in Crypto-Assets (MiCA) mandates on Oct. 5. The 307-page document seeks stakeholders’ input on five areas of MiCA, including sustainability indicators for distributed ledgers, disclosures of inside information, technical requirements for white papers, trade transparency measures and record-keeping for crypto-asset service […]
Ripple, a blockchain enterprise, has recently been making headlines. It won the UK’s PAY360 Awards for leadership in digital currencies, and a federal judge favored Ripple in a recent decision against the SEC. Additionally, Ripple was ranked 13th in Fortune’s “best workplace in technology” and was listed in People’s Magazine’s top caring companies. Sendi Young, […]
The Canadian Securities Administrators (CSA) has provided guidance to exchanges and cryptocurrency issuers on its interim approach to value-referenced crypto assets, with a particular focus on stablecoins. The CSA published a clarification saying it may allow trading of certain cryptocurrencies that reference the value of a single fiat currency, subject to terms and conditions. In […]
