The US Securities and Exchange Commission (SEC) has expressed concerns over the status of Circle’s stablecoin, USDC, as the company aims to go public through a multi-billion dollar initial public offering (IPO). Regulatory documents cited by Barron’s on June 18 reveal that the SEC’s worries primarily revolve around the potential classification of USDC and other
Brazil’s Special Department of Federal Revenue is taking steps to ensure that foreign crypto exchanges are operating in compliance with local regulations. The tax department will be collecting information from these exchanges to understand how they interact with local service providers. This move comes after regulations were introduced in 2019, requiring companies to provide specific
South Korea’s Financial Supervisory Service (FSS) has recently made headlines with its stance on the regulation of digital assets on local crypto exchanges. The FSS’s directive to evaluate tokens listed on exchanges has caused speculation and concern among investors, leading to fears of possible delisting of up to 600 altcoins. The Virtual Asset User Protection
The cryptocurrency market has seen a significant shift in investor sentiment in recent weeks, with outflows from digital asset funds totaling $600 million for the week ending June 14. This marks a stark contrast to the preceding five weeks, which saw a consistent influx of funds into the market. The outflows were particularly concentrated in
Aayush Jindal is a prominent figure in the world of financial markets, with a wealth of experience spanning over 15 years in Forex and cryptocurrency trading. His reputation as a trusted advisor and senior market expert has garnered him a following of investors worldwide, who rely on his keen insights and astute chart analysis to
FLOKI, a competitor to Shiba Inu, has been showing outstanding performance in the market this year. With its price more than doubling in 2024, it has attracted a significant amount of investment into the meme coin. However, amidst all the hype surrounding FLOKI, there are warnings of a potential price crash looming on the horizon.
Bitcoin price has been struggling to recover above key levels, as it extended its losses below $65,000. The cryptocurrency is showing bearish signs and there is a possibility that it might continue to move down below the $64,600 support level. The price is currently trading below $66,000 and the 100 hourly Simple Moving Average, indicating
David Hirsch, the enforcement chief at the SEC, recently announced his departure from the agency after almost nine years of service. During his tenure, Hirsch led the Crypto Assets and Cyber Unit in the Division of Enforcement. This unit was responsible for handling numerous crypto cases, totaling at least 45 during his leadership. Before leading
In the aftermath of the FTX collapse, a new legal battle has emerged over the millions of dollars in assets seized from Sam Bankman-Fried (SBF), the former CEO currently serving a 24-year prison sentence. Various parties, including FTX debtors and the company’s Bahamian arm, FTX Digital Markets, are seeking control of these assets. The assets
The recent price decline of Bitcoin has sparked concerns about a prolonged bear market in the cryptocurrency world. However, amidst the pessimism, there are faint whispers of optimism that suggest a potential reversal might be on the horizon. One of these glimmers of hope comes from the Bitcoin Taker Buy Sell Ratio, a metric that