Day: July 13, 2024

SEC eases crypto reporting rules for banks and brokerages

The SEC has provided new guidance allowing banks to avoid reporting customers’ crypto funds on their balance sheets if they implement measures to mitigate associated risks. The U.S. Securities and Exchange Commission (SEC) has eased requirements, that previously mandated banks and brokerages to report customers’ crypto holdings on their balance sheets, provided they implement measures to mitigate associated risks. According to a Bloomberg report, SEC staff have begun offering guidance indicating that certain arrangements might not require reporting liabilities on the balance sheet. Sources close to the regulator’s approach say…

Congressman Calls for SEC Chair’s Dismissal Over ‘Regulation by Harassment’

House Majority Whip Tom Emmer has criticized U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, accusing him of “regulation-by-harassment,” and calling for his dismissal. The congressman has consistently opposed Gensler’s regulatory practices, supporting legislative reforms for the SEC. He argues that Gensler’s approach undermines the securities regulator’s mission to protect investors and maintain orderly […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Abra Acquires Valkyrie’s Tron and Zilliqa Trusts

According to a recent report, the cryptocurrency company Abra has acquired a collection of digital currency trusts from Valkyrie Investments. The transaction, which includes Valkyrie’s Tron and Zilliqa trusts, was reportedly concluded before Abra reached a settlement with state regulators. Valkyrie Sells Several Crypto Trusts to Abra At the end of June, Abra resolved licensing […] Source CryptoX Portal

Why Did The Cardano Price Surge 17% Amid The Crypto Market Crash?

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Cardano (ADA) has recorded a significant 20.29% price increase for the past seven days in line with the current green movement for most cryptocurrencies. ADA trading volume has spiked massively since it bottomed out at $0.335 on July 8, allowing it to outperform the majority of the large market-cap cryptocurrencies. For those wondering, ADA’s price surge can primarily be attributed to large on-chain transactions in the past seven days.  Cardano Outperforming Many Cryptocurrencies Cardano is currently outperforming the market and could continue to do so throughout the weekend and into…

German Government’s Bitcoin Holdings Swell Overnight Thanks to Donations

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According to crypto intelligence firm Arkham, the German government’s bitcoin holdings soared by 9,000% in one day, thanks to donations from Bitcoin enthusiasts. Germany had liquidated a $2 billion bitcoin cache through major exchanges, finishing on Friday and leaving its BTC wallet empty until donations started coming in. German Government Now Has More Bitcoin The […] Original

SATS enjoys 63% surge among top cryptocurrencies

SATS (Ordinals), the native token of the Satoshi Network, has emerged as the top performer among the top 200 cryptocurrencies this week, with its value soaring by over 63% in the past seven days. The cryptocurrency — built on the Bitcoin blockchain — is currently priced at $0.000000198. It boasts a market capitalization of $415.8 million and a 24-hour trading volume of $56.8 million. Despite an 8% decrease in the past 24 hours, SATS has also experienced a 3,999% increase over the past year. Bullish sentiment The Relative Strength Index…

180% Upside For Fetch.ai? Analyst Makes Bold Prediction

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Amid the growing market anxiety, a ray of hope emerged for cryptocurrency investors relying on Fetch.ai (FET). A renowned crypto expert predicts that after a dramatic 28% drop over the past month, the coin is set to have a huge comeback. Related Reading Fetch.ai Shows Resilience Although unpredictability has haunted the crypto space, Fetch.ai has surprisingly survived the storm. The value of the token has plunged, but it has steadily recovered and lately climbed by almost 6%. Fetch.ai’s resilience has attracted the attention of market watchers who are now closely…