Philippines SEC Says Gemini’s Derivatives Exchange Is ‘Unregistered’

The Philippines’ Securities and Exchange Commission (SEC) has issued a warning against the crypto derivatives platform launched last month by Winklevoss twins-controlled Gemini Trust. According to the regulatory notice published last week, the newly launched platform markets and offers derivatives products categorized as securities under local laws. Gemini did not seek any registration from the Philippines regulator to launch its platform there. “GEMINI TRUST COMPANY, LLC. is not registered with the Commission and OPERATES WITHOUT THE NECESSARY LICENSE AND/OR authority to solicit, accept or take investments/placements from the public nor…

President Biden sets sights on crypto amidst US debt crisis

Unmasking the tensions between crypto traders, wealthy tax evaders, and a potential financial crisis, U.S. president Joe Biden took a firm stance against biased fiscal deals. In the contested U.S. budget negotiations, an unexpected asset has come under the spotlight: cryptocurrency.  Following a politically charged G7 meeting in Hiroshima, Japan, U.S. president Joe Biden fired a salvo against crypto traders and affluent tax cheats, refusing any agreement that could jeopardize food assistance for nearly a million Americans. BREAKING: President Joe Biden speaking on the final day of the G7 summit…

Exchange Token BGB Has Made 3,000% Since the Launch – New ATHs on the Horizon

HodlX Guest Post  Submit Your Post   It pays to be early in crypto. But if you can’t be early, you can still make money from being late – provided you’re not the last one in the door. No one wants to exit liquidity for tokens that have pumped massively, making their early adopters wealthy while leaving laggards to fight over single percentage-point gains. Just like exchange tokens such as BNB and KCS, Bitget’s BGB has pulled four-figure profits for those with the luck or wisdom to buy early and ‘hodl’…

FBI issues alert on crypto labor trafficking

The Federal Bureau of Investigation (FBI) has issued a warning regarding the rise of labor trafficking connected to cryptocurrency scams.  In a recent report, the FBI highlights the trend of criminals exploiting false job advertisements to lure victims into Southeast Asia-based scam compounds, where they are forced to participate in fraudulent cryptocurrency investment operations. This emerging form of exploitation is a distressing blend of human trafficking and cryptocurrency fraud. New scams hit the marketplace According to the FBI, criminal actors specifically target individuals in Asia, using social media platforms and online employment…

TON accelerator program commits $25m this year for innovation

The TON accelerator program, supported by the $250 million TONcoin.Fund, has committed to allocating up to $25 million this year to support projects within the TON ecosystem. The capital will be channeled into a range of strategic initiatives complemented by valuable partnerships and mentorship from the program’s accelerator partners. More DeFi development TONcoin.Fund, a dedicated TON-based fund with $250 million backing it, is set to provide the capital that will be allocated to a range of projects placing an emphasis on the field of decentralized finance (DeFi).  Each selected project…

Bitcoin BTC Price Holds Steady Near $27K as Investors Weigh Debt Ceiling Developments

Among major equity indexes, the tech-focused Nasdaq Composite climbed 0.5% to hit a 2023 high, while the S&P 500, which has a vital technology component, and Dow Jones Industrial Average (DJIA) ticked up 0.2% and 0.4%, respectively. Yields on Treasurys rose, and the price of gold sank slightly to $1,990, well below its near-record high early this month when investors were turning more to safe-haven assets. Original