Gensler grilled as most ‘destructive’ SEC chair before congressional hearing

Currently, trialogue for the Markets in Crypto Assets (MiCA) and Transfer of Funds (TFR) regulations is underway in the European Commission, the European Parliament and the Council of Ministers, which will be concluded in a few weeks. If adopted, the TFR would, according to experts, impose a vast financial surveillance regime on the European decentralized finance…

While 2022 ended on a grim note with macro headwinds providing little hope of a revival in 2023, the start of a new year has surprised bears with a surge in Bitcoin (BTC), Ether (ETH) and altcoin prices. The period of sparse volatility in the crypto market appears to be ending with a breakout on…

Friday, Oct. 18 — Bitcoin (BTC) has lost support at $8,000 again after a brief recovery ended up further downward selling pressure. Cryptocurrency market daily overview. Source: Coin360Bitcoin eyes lower support bandsData from Coin360 showed BTC/USD briefly hit $7,850 on Friday before rebounding to just above $7,900. The latest dip capped daily losses of up to 2%…

JPMorgan Chase CEO Jamie Dimon has said that Facebook’s not-yet-released Libra stablecoin is “a neat idea that will never happen.”Dimon delivered his comments during a speech at the Institute of International Finance conference on Friday, BNN Bloomberg reported on Oct. 18. Dimon said that the idea behind Libra is not unique and further turned the…

Remember the “Silicon Valley Tech Bubble”? In the early- to mid-2000s, the San Francisco Bay Area gave birth to some of the most storied and successful technology companies the world has ever seen. Facebook, Google, Salesforce, Twitter, Tesla, Lyft — the list itself could take up half of this article. From the palpable energy to…

Six people involved in a cryptocurrency “Ponzi scheme” that raked in about $100 million over five years have pled guilty to a series of fraud and money laundering charges, each carrying a maximum sentence of 20 to 30 years of prison.One of the founders of “AirBit Club,” Pablo Renato Rodriguez, was the latest to plead…

Technology entrepreneur and Tesla CEO Elon Musk has sparked a conversation with ether (ETH) co-founder Vitalik Buterin with his laconic one-word tweet “Ethereum” on April 29.The tweet, which Musk swiftly ironized by adding “jk” within the same thread, prompted Buterin to extend an invitation to Musk for Ethereum’s DevCon in October. In response, Musk asked…

Representatives in the United States House of Representatives have reintroduced the Token Taxonomy Act, according to a press release shared with Cointelegraph on April 9. The bill would exclude cryptocurrency from being classified as a security.The bill was initially proposed last December by Reps. Warren Davidson (R) and Darren Soto (D), and seeks to exclude…

It's the latest in a flurry of regulatory activity around options on crypto funds.