Chevron overturn unlikely to impact SEC's conduct — Ripple CLO
In 2023 alone, the Securities and Exchange Commission filed over 20 lawsuits against firms and individuals in the crypto industry.
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Sam Bankman-Fried’s father dragged his mother into an FTX US salary dispute
A complaint filed in bankruptcy court claimed Joseph Bankman involved Barbara Fried when answers from neither his son or FTX US satisfied concerns around his $200,000 annual salary. Joseph Bankman, the father of former FTX CEO Sam Bankman-Fried (SBF), complained to his son about the salary he was receiving during his employment at FTX US

SEC rejects MicroStrategy’s Bitcoin accounting practices: report
The business intelligence firm has reported it used non-GAAP methods of calculating figures for its BTC buys excluding the “impact of share-based compensation expense and impairment losses and gains on sale from intangible assets." 2501 Total views 24 Total shares Business intelligence firm MicroStrategy reportedly acted contrary to the Securities and Exchange Commission’s accounting practices…

US Treasury: Blockchain can improve financial system
The US Treasury is especially keen on distributed ledger technology (DLT) for payments, settlement and clearing.

Eftpos Australia Launches DLT Micropayments Pilot With Hedera
Australia’s leading point-of-sale technology provider, Eftpos, is launching a proof-of-concept exploring DLT-powered micropayments in partnership with Hedera. Eftpos Australia, the country’s leading point-of-sale technology provider, has announced a partnership with distributed ledger technology (DLT) firm Hedera to conduct a micropayments proof-of-concept using an Australian dollar stablecoin.Eftpos chief executive Stephen Benton described the collaboration with Hedera…

Metaverse ETF ‘PUNK’ closing after betting against Meta’s vision
Subversive Capital cites losses as it shuts down its “PUNK” ETF and pivots to artificial intelligence. 213 Total views 12 Total shares After 15 months and an approximate 30% loss, an exchange-traded fund (ETF) opposing Meta’s perspective on the metaverse is shutting down.Subversive Capital is set to shut down and liquidate its Subversive Metaverse ETF,…

Bloomberg: Proof-of-Stake Token Investors Could Use Staking For Gains During Bear Market
A Bloomberg article published today, Feb. 1, suggests that proof-of-stake (PoS) token investors have a unique option to survive the protracted crypto market slump: staking their holdings.In blockchains that use a PoS system — as opposed to proof-of-work (PoW) — nodes in the network engage in validating blocks, rather than mining them. A deterministic algorithm…

Data Analyst: 3 Key Metrics Show the Start of a New Bitcoin Bull Trend
According to Ki Young-Ju, the CEO of market research firm CryptoQuant, three key on-chain indicators are currently signaling a Bitcoin (BTC) price uptrend. Metrics that hint at a bull market are less selling pressure from miners, low exchange inflows and declining exchange reserves.On July 20 Ki noted:“On-chain Indicators Status: BUY. Miners are not selling (based on…

Binance Exchange to Restrict Access to Japan Residents
In a Jan. 15 announcement on Binance’s Japanese support website, the exchange revealed it would restrict access to residents of Japan at an unspecified later date.The restriction is said to be implemented gradually, with details to be revealed later, according to the announcement.Currently, there are no restrictions in place and Japanese users are able to…