Tag: News

SEC Will Use All Available Tools to Crack Down on Crypto Firms That Aren’t in Compliance With Its Rules, Says Chair Gensler – Regulation Bitcoin News

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The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has revealed that the regulator will use all available tools to bring crypto platforms into compliance with its rules. In addition, the SEC chief said: “Proof of reserves is neither a full accounting of the assets and liability of a company, nor does it satisfy segregation of customer funds under the securities laws.” SEC Chair Gensler on Crypto Regulation SEC Chairman Gary Gensler stressed the importance of bringing crypto platforms into compliance after the securities regulator filed charges…

Caroline Ellison’s Testimony Claims FTX Boss SBF Directed Her to Co-Mingle Customer Funds Since 2019 – Bitcoin News

On Dec. 23, 2022, Matthew Russell Lee from the Inner City Press published the recently unsealed guilty plea transcript of Caroline Ellison, Alameda Research’s former CEO. In her statements, Ellison describes that she was the co-CEO and CEO of Alameda, and under those roles, she reported directly to the former FTX CEO Sam Bankman-Fried (SBF). The ex-Alameda CEO’s testimony details that she was fully aware from 2019 to 2022, that Alameda Research had access to a special borrowing facility that allowed the company to maintain an unlimited line of credit…

SEC Heightens Probe Into Auditors Servicing Crypto Exchanges – Bitcoin News

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According to the U.S. Securities and Exchange Commission’s Paul Munter, the agency’s acting chief accountant, the U.S. regulator is monitoring proof-of-reserves (POR) more closely. “We’re warning investors to be very wary of some of the claims that are being made by crypto companies,” Munter explained to the Wall Street Journal (WSJ) on Dec. 22. SEC Official Warns Investors Should Be ‘Wary’ of Proof-of-Reserve Audits and Crypto Exchange Claims U.S. regulators, and more specifically the Securities and Exchange Commission (SEC), are looking more closely at proof-of-reserves (POR) these days following the…

FTX Attempts to Freeze Robinhood Shares as Creditors Swarm to Scoop $450M in HOOD Stock – Bitcoin News

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Court filings show that debtors from FTX Trading Ltd. and Alameda Research want 56 million shares of Robinhood stock frozen after multiple creditors are seeking access to the funds, and also Sam Bankman-Fried (SBF). Court Filing Wants to ‘Enforce an Automatic Stay’ Against Claims Over FTX’s 56 Million Robinhood Shares On Dec. 22, 2022, court documents show that debtors from FTX want to freeze 56 million Robinhood shares owned by a subsidiary crafted by SBF called Emergent Fidelity Technologies. The debtors from FTX and Alameda have said that multiple entities…

Football Edition Celebrates the World Cup With Record-Breaking Participation – Press release Bitcoin News

PRESS RELEASE. Victoria, Seychelles (December 23 2022) – Leading crypto exchange, Bitget, announces the conclusion of its biannual trading tournament, King’s Cup Global Invitation (“KCGI”): Football Edition with record-breaking participation. Hosted from November 21 to December 19, a total of 32,174 participants joined the tournament in a team battle, individual competition and invitational competition. The tournament recorded the highest participation this time since the event debuted, and all the winners took home a rewards pool of more than half a million USDT combined. The KCGI tournament is a biannual futures…

Biggest Movers: ADA, XRP Rebound From Recent Losses on Friday – Market Updates Bitcoin News

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Cardano climbed for a second consecutive session on Dec. 23, as the token surged to its highest point since Monday. Overall, crypto prices were marginally higher as of writing, with the global market cap currently up 0.49%. Xrp, formerly known as ripple, also rose, with prices nearing a key resistance level. Cardano (ADA) Cardano (ADA) was in the green on Friday, as prices surged for a second straight session. ADA/USD raced to a high of $0.2623 in today’s session, which comes less than a day after the token was trading…

Bitcoin Miners Discovered 53,240 Blocks This Year, Foundry Led the Pack, Hashrate Tapped an All-Time High – Mining Bitcoin News

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As the new year approaches, more than a dozen bitcoin mining pools still dedicate a total of 238 exahash per second (EH/s) toward the Bitcoin blockchain in order to secure the network and reap mining rewards. Statistics indicate that the mining pool Foundry USA discovered the most block rewards this year, as the operation found 11,779 bitcoin blocks out of the 53,240 rewards mined during the last 365 days. More Than 53K Bitcoin Block Rewards Discovered in 2022, Top Five Mining Pools Mined a Total of 39,545 Blocks On Thursday,…

Dogecoin (DOGE) Price Is Up 5% On This News

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After a tough week for Dogecoin (DOGE) investors, there was at least a small Christmas present from the European crypto exchange Bitstamp yesterday. The fifth-largest exchange by spot trading volume, according to recent data from CoinMarketCap, announced that it will list Dogecoin. Bitstamp, which is based in Luxembourg, allows trading between fiat currencies and Bitcoin, as well as other cryptocurrencies. As of yesterday, Dogecoin (DOGE) can now be exchanged for euros and USD. “We’ve launched Dogecoin, the cryptocurrency inspired by the popular Shiba Inu meme, for our customers. Buy and…

ETH Nears $1,230 Resistance, Following Strong US GDP Data – Market Updates Bitcoin News

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Ethereum edged closer to a key resistance level of $1,230 on Dec. 23, as markets continued to react to better than expected U.S. GDP data. Gross domestic product in the United States was revised higher to 3.2%, better than the 2.9% expected. Bitcoin mostly consolidated in today’s session, with prices trading near the $16,800 mark. Bitcoin Bitcoin (BTC) was once again in consolidation on Friday, as markets continued to react to the latest U.S. Q3 GDP figures. Following a low of $16,592.41 on Thursday, BTC/USD was marginally higher, with prices…

Nigerian Central Bank Increases Cash Withdrawal Limits After Receiving ‘Feedback From Stakeholders’ – Africa Bitcoin News

Barely a month after announcing the restricting of cash withdrawals to under $50 per week, the Central Bank of Nigeria said on Dec. 21 that individuals will be able to withdraw an equivalent of $1,120 per week starting on Jan. 9, 2023. The central bank said individuals and corporate organizations withdrawing amounts exceeding the new limits would be required to pay processing fees of 3% and 5% respectively. CBN’s Digital Currency Push The Central Bank of Nigeria (CBN) has said that starting on Jan. 9, 2023, individual banking clients will…