US senators strike deal to push ban on lawmaker stock trading

“Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information,” new FTX CEO John Ray III said in a legal filing on Thursday. “From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a…

Real-world asset tokenization as a concept has existed for some time. However, in 2023, with the growing interest of institutions, various governments have started experimenting with the idea. 214 Total views 3 Total shares The Philippines Bureau of the Treasury announced it would offer 10 billion pesos ($179 million) of one-year tokenized treasury bonds for

A cryptocurrency firm heckled at the Black Hat hackers’ conference is suing the event organizers for failing to protect it from the audience’s barbs.Crown Sterling — which some attendees have characterized as “a piece of snake-oil cyber marketing” — filed its complaint with the United States District Court for the Southern District of New York…

The countdown is underway for the United States Securities and Exchange Commission (SEC) to decide on approving the first spot Bitcoin exchange-traded fund (ETF) in the United States. After several delays, the regulator’s final deadline is approaching, with market participants anticipating a decision in early January 2024.In another sign that a green light may be

The platform comes as a part of the plan to shift the regulatory oversight from the commodities agency to the securities authority. 296 Total views 10 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTAs a part of its reform of crypto regulation, Indonesia will create a crypto exchange in 2023, according…

Centralized crypto lending platform Celsius claims to have doubled its crypto holdings in just six months and now boasts $2.2 billion in assets under management. 2293 Total views 24 Total shares Crypto lending and borrowing platform Celsius has announced that it now holds more than $2.2 billion in digital assets under management (AUM).According to a…

Albanian authorities have Faruk Fatih Özer in custody, waiting for questioning and cooperation with the Turkish government. 486 Total views 17 Total shares The saga of the defunct Turkish crypto exchange, Thodex, continues as its fugitive founder is now in custody in Albania. Local law enforcement detained Faruk Fatih Özer in an operation carried out…

The SEC alleged Geosyn Mining’s co-founders misappropriated $1.2 million of its investors’ funds, spending it on holidays, nightclubs and firearms.

The risk/reward ratio or risk/return ratio is a commonly used metric in trading that compares the potential profit of a trade with the potential loss. That said, it’s the reward traders stand to make for the risk they take. For example, an investment with a risk/reward ratio of 1:3 would mean that for every dollar the…