Several Republican senators slammed the Securities and Exchange Commission (SEC) on Wednesday over its “deeply troubling” conduct in a recent case against the cryptocurrency company DEBT Box. The SEC brought the case against DEBT Box in July, accusing the company of “an ongoing, sprawling, fraudulent securities offering” that defrauded investors of at least $49 million.
SEC Chair Gensler warns of AI ‘monoculture’ financial risks Securities and Exchange Commission (SEC) Chair Gary Gensler says a centralized artificial intelligence (AI) market with just a handful of models that financial actors rely on could lead to a fragile financial system. Gensler, speaking in a virtual fireside chat hosted by Public Citizen, said he
Why green cryptocurrency? The global cryptocurrency market is projected to grow from $910.3 million in 2021 to $1,902.5 million in 2028 at a CAGR of 11.1% in 2021-2028, as per insights from Fortune Business Insights, a market research platform. Reportedly, Bitcoin currently consumes around 110 Terawatt Hours per year, which is 0.55% of global electricity
Eleven spot bitcoin ETFs – including BlackRock’s iShares Bitcoin Trust, Grayscale Bitcoin Trust and ARK 21Shares Bitcoin ETF, among others – began trading on Thursday, following the US Securities and Exchange Commission’s landmark approval that is expected to help bring the cryptocurrency industry closer to the more regulated world of traditional finance. Blackrock representatives ring