FINRA says rules still apply in the metaverse

Sunday, Feb. 3 — most of the top 20 cryptocurrencies are reporting slight losses on the day by press time. Bitcoin (BTC) is hovering over the $3,450 mark again, according to Coin360 data.Market visualization from Coin360At press time, Bitcoin is down a fraction of half percent on the day, trading at around $3,476, according to…

The Asian continent and particularly China have been making news and inducing bull runs in the cryptocurrency world these past few months, starting with President Xi Jinping’s comments and progressing to crackdowns. The main question driving the conversation is the Chinese government’s sudden advocacy for blockchain systems and a specific interest in being the first major…

The bestselling author, philosopher and historian sees grim potential for AI to get out of control in the financial system.

In the latest bankruptcy filing for the exchange, it was revealed that there may be 1 million creditors, rather than the 100,000 initially estimated. 569 Total views 14 Total shares The FTX liquidation crisis turned bankruptcy saga continues as a recent filing reveals additional information on Sam Bankman-Fried’s leadership and the exchange’s final days.On Nov.…

Negative interest rates may turn Bitcoin into an attractive alternative for institutional investors, claims a recent report. 1867 Total views 36 Total shares A report claims that negative interest rates present Bitcoin (BTC) with a unique opportunity.The May 14 report, published by Stack Funds, stipulates that if the interest rates in the U.S. turn negative…

XRP price declined by 21% in two days on Coinbase from $0.5695 to $0.4491. The drop was accelerated by reports on Dec. 22 that the U.S. Securities and Exchange Commission (SEC)’s is preparing a lawsuit against Ripple.Brad Garlinghouse, the CEO of Ripple, said the SEC “voted to attack crypto,” citing a Fortune article. He wrote:“Today,…

KPMG’s new tools should help crypto services firms in complying with regulations. 652 Total views 19 Total shares Big four auditing firm KPMG launched a cryptocurrency management suite with analytic features.According to a June 22 announcement, the new KPMG Chain Fusion suite is meant to allow financial technology companies to more easily offer crypto asset…

They are apparently working on other things that are of a higher priority. A Shift Crypto employee successfully deployed a ransom attack on Trezor and KeepKey hardware wallets last May. While Trezor released a fix on September 2, KeepKey has yet to fix the issue.According to a blog post published on September 2, the vulnerability…

A panel of compliance experts from the crypto industry agreed that law enforcement and institutional finance have been hearing more positive narratives about crypto. During an Aug. 4 panel on legal compliance within the cryptocurrency industry, major figures noted recent shifts in public perception of the industry, pointing to arrests within weeks of the Twitter…