cryptocurrency
ValueWalk
U.S. Securities and Exchange Commission (SEC) has won an early victory in the legal saga involving Coinbase. U.S. District Judge Katherine Polk Failla wrote that “the Court finds the SEC has sufficiently pleaded that Coinbase operates as an exchange, as a broker, and as a clearing agency under the federal securities laws, and, through its Staking Program, engages in the unregistered offer and sale of securities.” Coinbase going to courtThe decision by Judge Polk Falla means that the case will now go to trial, which Coinbase would have hoped to avoid. Coinbase’s Chief Legal Officer Paul Grewal ...
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Crypto entrepreneur Sam Bankman-Fried has been sentenced to 25 years in prison for a massive fraud that unravelled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency. Bankman-Fried, 32, was convicted in November of fraud and conspiracy — a dramatic fall from a crest of success that included a Super Bowl advertisement and celebrity endorsements from stars like quarterback Tom Brady, basketball star Stephen Curry and comedian Larry David. US District Judge Lewis A. Kaplan imposed the sentence on Thursday in the same Manhattan courtroom where,...
Euronews (English)
Virtual currencies are common forms of financial activity. A quarter into the 21st century, the average individual has become aware of (and often comfortable using) things like Apple Pay, digital wallets, and cryptocurrency. The influx of these new forms of payment begs the question: how are these new virtual currencies impacting the established, fiat-driven finance system? Here are some of the most important ways digital currencies are shaking up traditional finance. What Is Virtual Currency?Before diving into the details, let’s answer an important question: what is digital currency? The answ...
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Ripple Labs, a technology and cryptocurrency company, must pay the United States Securities and Exchange Commission (SEC) a presumed $2 billion in fines. The news comes from Ripple Lab’s Chief Financial Officer (CFO), Stuart Alderoty, who took to social media to post about the impending action from the SEC: Ripple CFO on social mediaThe CFO of Ripple Labs would continue his comments on the proposed financial charges levied at the crypto giant in a four-post thread on X: “Our response will be filed next month, but as we all have seen time and again, this is a regulator that trades in statements...
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Bitcoin briefly soared above $67,000 (€61,544) on Thursday morning, before once again settling around $61,544 in the afternoon. This was a considerable rebound following Wednesday’s dampened sentiment. The rise was mainly due to the US Federal Reserve choosing to keep interest rates steady at their March FOMC meeting on Wednesday evening. Explaining the decision, the US Fed said, in a statement: "Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year,...
Euronews (English)
Either you adapt or you die - that’s the sentiment across the globe when it comes to the adoption of digital assets, including cryptocurrencies, by traditional banks. And Europe, at the moment, is leading the global race, with Switzerland on top: not only can some of its residents now pay for their coffees using crypto, but their taxes too. The European Union is catching up, with crypto assets becoming widely regulated when the Markets in Crypto-Assets Regulation (MiCAR) comes online on 1 January 2025. “Europe became one of the leaders here, especially when we speak about this framework for re...
Euronews (English)
ValueWalk
ValueWalk
Spain’s privacy watchdog has ordered for Worldcoin, the company created by OpenAI CEO Sam Altman that scans eyeballs to make digital IDs in exchange for cryptocurrency, to cease its operations in the country for three months amid concerns over what it is doing with users' personal information. The stated goal of Worldcoin is to give people a form of identification that could never be stolen or duplicated. It says the way it can do this is by creating a "World ID" by scanning someone's eyeballs through "orbs" - a device that captures an image of their irises, the colored parts of the eyes. Worl...
Euronews (English)
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