SEC Crypto Task Force met with firms to discuss staking, litigation review

In the last month, we’ve seen the United States Federal Reserve come after BitMEX for failing to identify customers, crypto intelligence firm CipherTrace report that most crypto exchanges are not collecting enough user info, and the so-called “FinCEN Files” demonstrate that even large banks that collect and report vast troves of suspicious transactions are not…

FinCEN will soon issue regulations on how financial institutions should incorporate its priorities on crypto considerations into their AML programs. 378 Total views 3 Total shares The United States’ Financial Crimes Enforcement Network will continue to closely follow the cryptocurrency industry as one of its top priorities for combating crimes like money laundering.FinCEN officially announced…

Ben.eth, the pseudo-anonymous memecoin creator behind at least three controversial token launches in recent weeks could fall under the crosshair of United States regulators, crypto lawyers suggest.A previously little-known personality in the crypto community, Ben.eth has seen his Twitter following blow up nearly five-fold in May. The influencer has launched at least three memecoins in…

JPMorgan and DBS’ new blockchain interbank platform is designed to complement central bank digital currency projects. 2160 Total views 25 Total shares Major American investment bank JPMorgan is working with Singapore’s largest bank, DBS, and state investment firm Temasek to launch a new blockchain company focused on global payments and interbank transactions.Dubbed Partior, the new…

Bitcoin (BTC) has crashed by around 44% from its all-time high of $64,899, signaling an end to its second-largest bull run that started in March 2020. Many analysts, including those from BiotechValley Insights, see "terrible technicals" in the Bitcoin market, noting that the flagship cryptocurrency could extend its ongoing decline until $20,000.Nevertheless, Glassnode Insights, a…

The relief rally in the United States equities markets took a breather this week as all major averages closed in the red. Traders seem to have booked profits before the busy economic calendar next week.The S&P 500 index dropped 3.37%, but a minor positive for the cryptocurrency markets is that Bitcoin (BTC) has not followed…

Crypto exchange giant Binance is the latest platform to receive a warning from regulators in Japan for operating in the country without a license. Crypto trading platform Binance may once again be heading for a standoff with financial regulators in Japan.On Friday, the Financial Services Agency (FSA) issued a warning to Binance, accusing the company of…

Paradigms new $2.5 billion New Venture Fund has dethroned A16z as the largest venture fund in crypto. 619 Total views 25 Total shares Crypto investment firm Paradigm has revealed a new $2.5 billion”New Venture Fund” to expand its investment into cryptocurrency companies and protocols.According to a Nov. 15 announcement, Paradigm co-founders Fred Ahrsam and Matt Huang stated…

Marathon Digital sold a large chunk of its Bitcoin production in May as miners adjusted operations after the halving event.