Crypto News Roundup for Nov. 8, 2021

France's top markets regulator, the Autorité des Marchés Financiers (AMF), said it supports globally coordinated rules for decentralized finance (DeFi)In a discussion paper published Monday, the AMF, which issues licenses to crypto exchanges looking to operate in the country, shared its "preliminary thinking on the regulatory issues" raised by the decentralized and "disintermediated" protocols that…

El Salvador President Bukele expects to submit a 2025 government budget with no planned deficit. The 2024 budget had a $338 million deficit and the gap when Bukele became president in 2019 was $1.2 billion. In August, the International Monetary Fund announced that it had different discussions with Salvadoran authorities and “progress has been made

Relative richness of out-of-the-money call and put options tied to bitcoin suggests traders are pricing in "tail risk" in the bitcoin market.Tail risk suggests a higher possibility that an investment will move more than three standard deviations from the mean.They call it tail risk in the crypto market: the risk of an asset moving three…

Binance says it has helped India's Enforcement Directorate to trace funds and arrest four people in a gaming scam. Victims were lured into online betting and gaming, promising easy earnings before trapping their funds. Binance, the world's largest cryptocurrency exchange by trading volumes, has helped India's Enforcement Directorate (ED), the authority investigating financial crimes, arrest

A Republican lawyer and crypto defender who hopes to be Sen. Elizabeth Warren's opponent in the Massachusetts Senate race has filed a supporting brief in a Coinbase clash against the Securities and Exchange Commission.Coinbase wants to get a higher court to decide whether tokens that trade on secondary markets with no obligations on the tokens'

news The Securities and Exchange Commission (SEC) has fined Russia-based analytics firm ICORating for failure to disclose payments for positive reviews to various projects. Today the SEC announced a $268,998 settlement with ICORating for projects rated from December 2017 through July 2018. According to the SEC, projects rated by ICORating during that time raised funds…

May 27, 2020 at 18:22 UTCUpdated May 27, 2020 at 18:32 UTCDJ D-Sol (David Solomon) is Goldman Sachs' CEO. (Credit: Instagram/djdsolmusic)Goldman Sachs: Cryptocurrencies ‘Are Not an Asset Class’Goldman Sachs held an investor call Wednesday to discuss current policies for bitcoin, gold and inflation in the context of the COVID-19 crisis. The big takeaway? The stalwart…

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news Portugal’s most popular football club has become the first of its kind to accept cryptocurrency payments after announcing its partnership with the UTRUST payment platform. S.L. Benfica is the first major football club in Europe to allow the purchase of its merchandise in cryptocurrency. This allows fans to pay using UTRUST token (UTK) in…