Fed chair calls for Congress to move on crypto ’regulatory apparatus’

An insider sold MAGA tokens worth over $1 million, sparking debate over market manipulation and revealing potential MEV bot activity.

The Department of Federal Revenue of Brazil (RFB), which administers tax collection in the country, is seeking to receive monthly reports on crypto assets operations, according to a document released by the RFB Tuesday, Oct. 30.In the paper, the RFB has announced that Brazil-based crypto exchanges are now obliged to send them detailed reports on…

Tarbert's brief term was nonetheless notable for clarity on cryptocurrency in U.S. regulation. 2316 Total views 9 Total shares Heath Tarbert is no longer the chairman of the Commodity Futures Trading Commission, but he will remain one of its five commissionerIn a CFTC announcement on Thursday afternoon, Tarbert followed through with his resignation, which he…

The Swiss Financial Market Supervisory Authority (FINMA) has issued the country’s first cryptocurrency asset management license to a crypto investment fund, Swiss-centered media outlet Swissinfo reports today, Oct. 9.The recipient is Crypto Fund, a subsidiary founded in 2017 by Zug-based Crypto Finance AG. The fund has reportedly until now only been able to distribute offshore-based…

A multimillion-dollar security breach involving a third-party vendor hastened Ripple’s acquisition of Fortress Trust on Sept. 8. 196 Total views 3 Total shares The takeover of Fortress Trust by financial technology company Ripple on Sept. 8 involved more than just an acquisition deal. The transaction was accelerated by a security incident hours earlier involving a

Top financial services experts continue to join the Libra project. The Libra Association has appointed HSBC veteran James Emmett as managing director of its subsidiary firm, Libra Networks LLC.James Emmet spent 25 years at HSBC and is a former colleague of the Libra Association’s new CEO, former HSBC chief legal officer Stuart Levey. Levey is…

As nonfungible token (NFT) art continues to develop as an industry, a new trend is quickly emerging: physical NFT galleries featuring digital, nonfungible pieces of unique artwork. Most recently, the largest Bitcoin (BTC) event in history — the Bitcoin 2021 conference — featured a peer-to-peer pop-up NFT art gallery with artwork from over 30 different…

Bitcoin (BTC) dropped to a four-month low of $76,700 on March 11, following a 6% weekly decline in the S&P 500 index. The stock market correction pushed the index to its lowest level in six months as investors priced in higher odds of a global economic downturn. Despite Bitcoin's 30% drop from its all-time high

A fully regulated brokerage with more than 100,000 users globally has introduced a novel way of welcoming new customers to its platform.Quantfury says users who invite their friends to join the platform will receive stock or cryptocurrency as a reward — with a value of anywhere between $10 and $250 — and their friends will…