Fed hits Texas bank with cease and desist over servicing crypto firms
The US Federal Reserve said it identified “significant deficiencies” in the bank’s dealings with crypto clients and its risk management procedures.
Related Posts
Environmental sustainability key sticking point in EU MiCA bill
The European Union’s MiCA bill has had a line related to environmental sustainability added back in, which could be problematic for Bitcoin miners in the region. 323 Total views 14 Total shares The legal standing of Bitcoin mining in the European Union hinges on the results of a March 14 vote in the European Parliamentary…
No-loss lottery PoolTogether cracks 50 million in deposits after token airdrop
The self-styled "savings game" is hoovering user deposits, leading to meaty lottery payouts 1126 Total views 10 Total shares No-loss lotteries appear to have found a snug product-market fit. Just a few days after the airdrop of their governance token, POOL, the self-styled “savings game” PoolTogether has cracked $50 million in total value locked with ease,…
US SEC Looks to Expand ‘Accredited Investor’ Classification
The United States Securities Exchange Commission (SEC) has announced that it is looking for ways to expand the classification of “accredited investor,” with potentially major implications for capital formation of firms hesitant to meet full public reporting requirements.The amendments and who gets to be accreditedPer a Dec. 18 announcement on the SEC’s website, the regulator…
BlackRock’s spot Bitcoin ETF now listed on Nasdaq trade clearing firm — Bloomberg analyst
Exchange-traded fund analyst Eric Balchunas said the addition was “all part of the process” of a crypto ETF being listed and traded and a positive sign for SEC approval. 722 Total views 4 Total shares The iShares spot Bitcoin exchange-traded fund (ETF) proposed by investment firm BlackRock has been listed on the Depository Trust &
Cardano smashes new all-time high following 14% gain
With a value of nearly $58 billion, ADA has flipped Tether in the market cap rankings. 1145 Total views 19 Total shares Cardano’s ADA cryptocurrency surged on Sunday, bringing the smart contract platform back into elite territory in terms of market capitalization rankings. ADA charted 14% growth to reach $1.83 on major exchanges, marking a new…
SEC sees temporary setback in request to access Binance.US software
A federal magistrate judge has denied the SEC's request to gain immediate access to Binance.US's software, asking the regulator to provide more specific requests for discovery. 102 Total views 2 Total shares The United States Securities and Exchange Commission (SEC) has failed to win immediate access to Binance.US's software in a Sept. 18 hearing, with
Metalpha to raise $100M to offer Grayscale Bitcoin products in Hong Kong
Metalpha has secured $20 million out of the planned $100 million for its new fund from overseas Chinese investors, the CEO said. 615 Total views 4 Total shares Own this piece of history Collect this article as an NFTHong Kong-based cryptocurrency wealth manager Metalpha Technology is working to offer new entry points into Bitcoin (BTC)…
Commerzbank Makes Milestone Blockchain Trade With Logistics Provider
Commerzbank and Landesbank Baden-Württemberg (LBBW) have completed another milestone trade on the Marco Polo platform. As reported Aug. 15, on this occasion, logistics provider Logwin AG was integrated into the digital process chain, digitally and in real time.Same same but differentAs with an earlier transaction, the trade took place between German supplier, KSB, and Taiwanese…