As an “ambassador” for FTX, football quarterback Tom Brady appeared at the company’s conference in the Bahamas, and in TV commercials promoting the exchange as “the most trusted” institution in crypto, remembers the New York Times. And it was all about to go very bad… “His money was also at Read more…
A monthslong test with some of the world’s largest banks found that digital dollars could be an effective way to improve domestic and cross-border payments, according to a unit of the Federal Reserve Bank of New York. The Fed’s New York Innovation Center spent 12 weeks testing a technology known Read more…
The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing Director Kristalina Georgieva said on Monday. “CBDCs should not be fragmented national propositions… To have more efficient and fairer transactions we need systems that connect countries: we Read more…
“Bitcoin on Friday shot up to its highest level in about a year,” reports CNN: The cryptocurrency rose above $31,400 a coin on Friday, its highest level since 2022, before paring back its gains. Bitcoin, the world’s largest cryptocurrency by market capitalization, earlier this week traded above $30,000 for the Read more…
The SEC has approved the first leveraged cryptocurrency ETF in the United States, which will allow customers to gain bitcoin exposure by putting up only half the value of the bitcoin. The ETF is set to launch on Tuesday and corresponds with the CME Bitcoin Futures Daily Roll Index. The Read more…
The chair of the U.S. Securities and Exchange Commission on Thursday strongly rebutted criticism that the agency is trying to crush the crypto industry, and said many companies in the space had made a “calculated economic decision” to flout its rules. Speaking at a Piper Sandler conference in New York, Read more…
The U.S. Securities and Exchange Commission (SEC) has filed an emergency motion seeking to freeze the assets of Binance’s U.S. platform and repatriate the funds held by its customers, including both fiat currency and cryptocurrencies. The freezing order only applies Binance’s two U.S. holding companies, not to the non-U.S. regulated Read more…