Category: ICO

ICO and Federal Communications Commission sign Memorandum of Understanding

The Information Commissioner’s Office (ICO) and the US Federal Communications Commission (FCC) have signed a Memorandum of Understanding (MoU) which formalises their commitment to work together to protect people from unwanted nuisance calls, spam messaging and the misuse of private and sensitive data. Building on the parties’ existing collaboration on electronic marketing and antispam regulation through the Unsolicited Communications Network (UCENet), the MoU sets out how the authorities will enable greater information sharing in areas such as technical developments, intelligence and the exploration of potential solutions to issues such as…

Bitcoin (BTC) Logs Biggest Single-Day Gain Since October, Market-Neutral Bets Yield 3x That of Treasury Notes

Cash and carry arbitrage is a market-neutral strategy that seeks to profit from price discrepancies in spot and futures markets. The arbitrageur combines a long position in the spot market with a short position in futures when futures trade at a premium to spot prices. As futures expiry nears, the premium evaporates, and on the day of the settlement, futures converge with spot prices, generating a relatively risk-less return to the arbitrageur. Source

Sam Bankman-Fried Doesn’t Want to Go to Prison for 100 Years

“[Bankman-Fried’s] personal assets are gone,” the memo said. “Insufficient funds remain even for payment of a fine … Legal proceedings will follow him for the rest of his life. The ability to obtain employment, bank, borrow, travel, and adopt, among other things, may be implicated. More painful for Sam is that the companies he built and loved – and which had so much lawful success and even more potential – are gone. And Sam is utterly heartbroken that he may have caused collateral damage to the philanthropic community that he…

Winklevoss Twins’ Gemini Promises to Return $1.1B to Earn Customers in NYDFS Settlement

“In addition to Gemini’s failures related to Earn, the Department’s investigation revealed that Gemini engaged in unsafe and unsound practices that ultimately threatened the financial health of the company,” the press release said. “Gemini Liquidity LLC, an unregulated affiliate, collected hundreds of millions of dollars in fees from Gemini customers that otherwise could have gone to Gemini, substantially weakening Gemini’s financial condition.” Source