President Biden announces picks for SEC, FDIC and Treasury leadership
CFTC Commissioner Christy Goldsmith Romero could replace Martin Gruenberg after allegations of a toxic workplace culture at the FDIC.
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How Web3 resolves fundamental problems in Web2
Web3 is a decentralized, permissionless and trustless ecosystem that transfers control from a centralized entity to a pool of participants. Web2, on the other hand, is a centralized space dominated by companies like Google, Microsoft and others. Web3 refers to the next generation of the internet that is decentralized, making it fundamentally different from Web2,…
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Brazilian Securities Regulator Bans Bitcoin, Forex Broker
The Brazilian Securities Commission (CVM) has banned a forex broker offering Bitcoin (BTC) options, Cointelegraph Brasil reported on Sept. 25.On Sept. 25, CVM published a public warning of irregular action concerning XM Global Limited through the Superintendent of Market and Intermediary (SMI) Relations. In its warning, the CVM states that XM Global Limited is not…
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US lawmaker asks Congress to treat Binance exec in Nigeria as a ‘hostage’
Rep. Rich McCormick called on the US government to formally declare Tigran Gambaryan as a hostage if his criminal case in Nigeria was not resolved by mid-July.
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NFTs could help solve diamond certification fraud
Diamonds may be a girl’s best friend, but unfortunately, the billion-dollar diamond industry is rife with scandal and fraud. There have been a number of cases where lab-grown diamonds have been graded as natural diamonds. An example of this was seen last year when the International Gemological Institute analyzed and graded a 6.18ct lab-grown diamond,…
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CFTC continues to explore digital asset policy considerations in MRAC meeting
Commissioner Kristin Johnson said in prepared remarks that the U.S. digital economy was "witnessing the deployment of Web 3.0". 31 Total views 2 Total shares Own this piece of history Collect this article as an NFTThe United States Commodity Futures Trading Commission, or CFTC, was a part of discussions on a regulatory framework for digital…
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Wall Street financial advisor LionTree explores crypto payments
Financial advisory group LionTree has been a part of some of the most prominent Wall Street acquisitions and IPOs. 749 Total views 31 Total shares Wall Street financial advisor that helped Amazon acquire MGM studios this year is exploring crypto payment options.LionTree, a popular financial advisor and investment banking firm, is looking into cryptocurrencies as…
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US industry watchdogs oppose draft bill on crypto market structure
The group sent a detailed letter to the U.S. House Financial Services Committee accusing the crypto market of seeking favorable legislation under the guise of crypto innovation. 87 Total views 3 Total shares An alliance of industry watchdogs based in the United States has united to express opposition to a proposed draft bill on the…
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Bahamian government hopes to allow residents to pay taxes with digital assets in 2022
“We have a vision to transform The Bahamas into the leading digital assets hub in the Caribbean,” said Philip Davis, prime minister of the Bahamas. 185 Total views 4 Total shares Residents of the archipelago nation, the Bahamas, may soon be able to use digital assets including the world’s first central bank digital currency, or…