SEC first pausing crypto lawsuits with imminent deadlines: Report

The prices of gold, silver, and Bitcoin (BTC) are all rallying in tandem, as various macro factors boost alternative assets. As gold rose to a new all-time high at $2,055, BTC rallied to $11,715 on the day, recording a 4.28% increase.Gold-USD. Monthly chart. Source: TradingView.comAs the three assets see stronger momentum altogether, there are three…

In July, cryptocurrency hardware wallet manufacturer Bitfi’s executive chairman, John McAfee, claimed that Bitfi was “the world’s first unhackable device,” urging security experts to breach its security for a $100,000 bounty. Since then, a number of reports emerged that suggested Bitfi is not, in fact, “unhackable,” only to be dismissed by the wallet service as…

Jeffrey Huang withdrew the lawsuit after ZachXBT edited his article that Huang claimed to be defamatory. 62 Total views 1 Total shares Taiwanese music celebrity Jeffrey Huang, also known as "Machi Big Brother," has withdrawn a defamation lawsuit against internet sleuth ZachXBT.In a bilateral announcement dated Aug. 14, Machi Big Brother said "Zach has many…

Cointelegraph analyst and writer Marcel Pechman explains why debt might be good for Bitcoin, and discusses JPMorgan’s method for trading debt instruments. 338 Total views 2 Total shares In the latest episode of Macro Markets, Cointelegraph analyst Marcel Pechman discusses the United States Federal Reserve’s delicate balancing act of curbing inflation without causing a recession…

The potential interest rate cut by the United States central bank is apparently one of the reasons for the recent surge of bitcoin (BTC), Deutsche Bank exec Jim Reid said in an interview with CNBC on June 26.Reid, the head of global fundamental credit strategy at Deutsche Bank, stated:“if central banks are gonna be this…

The new funding round included PayPal Ventures, Declaration Partners, Mithril Capital and Senator Investment Group. 6261 Total views 16 Total shares Paxos, a major cryptocurrency company and PayPal’s crypto collaborator, has completed a massive fundraising round shortly after receiving preliminary approval to form a national trust bank.On Thursday, the firm announced a new $300-million Series D…

United States’ payment giant Visa has launched a cross-border payment network derived from some aspects of blockchain technology, Reuters reports June 11.The network, called “Visa B2B Connect,” is designed to facilitate international payments made by global financial institutions by enabling direct interbanking transactions between businesses and beneficiaries.According to the report, the network already covers 30…

The SEC commissioner described the DeFi space as "a work in process" but overall "alluring." 4609 Total views 16 Total shares Hester Peirce, the commissioner for the U.S. Securities and Exchange Commission known by the nickname "Crypto Mom," welcomes the challenge of regulating decentralized finance.In a speech for a George Washington University Law School event…

The Malaysian authority that oversees compliance with Islamic law in finance has permitted digital asset trading. 2480 Total views 25 Total shares In a landmark announcement, Securities Commission Malaysia’s Shariah Advisory Council declared that digital assets trading was permissible.The Malaysian Shariah Advisory Council is the authority that oversees the implementation of Islamic laws in the…