The U.S. Securities and Exchange Commission (SEC) has reportedly subpoenaed at least three crypto venture capital firms in 2024. Citing a source familiar with the matter who wished to remain anonymous, DL News reports that three crypto VC firms received identical subpoenas from the SEC requesting any contract of token deals with investors. “The staff
Crypto executives reportedly expressed their dismay about how Democrats have targeted the digital asset industry in the last four years at a meeting hosted by Congressman Ro Khanna. FOX Business reports that on Thursday, Democrats had a Zoom meeting with crypto leaders to clear the air over the multiple enforcement actions unleashed by the Biden
Bitcoin has surged back this week after a sudden price crash panicked traders (though Coinbase has warned users not to get “fooled”). Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and “uncover blockchain blockbusters poised for 1,000% plus gains” in the aftermath of bitcoin’s halving earthquake! The bitcoin price has climbed to over $61,000 per
Indian crypto exchange WazirX is reversing all trades and restoring customer balances after the platform was hacked to the tune of hundreds of millions of dollars in July. In a new thread on the social media platform X, WazirX says that after listening to the community, it has decided to roll back all trades made
Eswar Prasad, a professor at Cornell University’s Dyson School, recently shared his views in an opinion piece for The New York Times (NYT), expressing concern about the growing mainstream acceptance of cryptocurrency. Eswar Prasad is the Tolani Senior Professor of Trade Policy at Cornell University and a Senior Fellow at the Brookings Institution, where he
Reading time: 2 minutes Attendees of the inaugural Innovations in Financial Intermediation Symposium The Shidler College of Business at the University of Hawaiʻi at Mānoa hosted its inaugural Innovations in Financial Intermediation Symposium (IFIS), marking a significant milestone for the college. The conference in June 2024 focused on financial intermediation, particularly the growing field of
The governing body of the Federal Reserve System has issued an enforcement action against Customers Bancorp, the parent company of state-chartered Customers Bank known for doing business with crypto exchange platforms and stablecoin issuers. The Federal Reserve Board (FRB) says the Pennsylvania-based bank holding company and its subsidiary have significant deficiencies in risk management practices
A crypto analyst has maintained a bullish outlook on Bitcoin (BTC), the world’s largest cryptocurrency, predicting massive rallies in the future. The analyst projects that Bitcoin could rise as fast as it fell, mirroring the speed of its crash as it regains all the value shed during its decline. Bitcoin Set For Rapid Recovery In
FTX has committed to a bankruptcy liquidation that will repay customers whose deposits were locked during its late 2022 collapse. A United States court has ordered bankrupt cryptocurrency exchange FTX to pay $12.7bn in relief to its customers, the Commodity Futures Trading Commission has said. FTX drew customers in with “an illusion that it was
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above $57,000 mark for the first time this week on Thursday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of minor gains and losses across the board as