Author: e_cash_top

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[ad_1] Cryptocurrency asset manager Grayscale Investments has sent a letter to the U.S. Securities and Exchange Commission (SEC) arguing that new spot Bitcoin ETF filings such as Blackrock’s, based on prior rulings, should not be approved according to precedent. The letter argues that the regulator must approve any spot bitcoin exchange-traded products (ETPs) in a…

Bank of Japan alters yield curve control program, impacting global bond markets

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[ad_1] BOJ’s New Policy Direction The Bank of Japan (BOJ) announced a significant policy change today, July 28, which is already influencing the global financial markets. The BOJ has adjusted its yield curve control program, formerly designed to cap the 10-year government bond yield at 0.5%. Analyst Mohamed A. El-Erian commented that the BOJ considered…

Binance calls for dismissal of CFTC charges citing lack of jurisdiction

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[ad_1] Binance has moved to dismiss the charges filed against it and CEO Changpeng ‘CZ’ Zhao by the U.S. Commodity Futures Trading Commission (CFTC) because the financial regulator acted outside its powers. “The CFTC’s complaint should be dismissed because it has failed to plead that the Foreign Binance Entities and Mr. Zhao are subject to…

SEC cautions accounting firms against accommodating non-compliant crypto clients

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[ad_1] The U.S. Securities and Exchange Commission (SEC) issued a stern warning to accounting firms on July 27, outlining the potential risks and liabilities of serving clients in the rapidly evolving crypto industry. Paul Munter, Chief Accountant to the SEC, said that many crypto companies have wrongly stated that certain non-audit work is equivalent to…

Sam Altman says Worldcoin is onboarding eight users per second, but claims are largely unsubstantiated

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[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

Prosecutors withdraw campaign finance charges against Sam Bankman-Fried

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[ad_1] U.S. prosecutors have withdrawn political campaign financing charges against former FTX CEO Sam Bankman-Fried, according to a July 27 court filing. The decision to drop the charges stems from the terms of the United States extradition treaty with the Bahamas, which stipulate that the government would not prosecute Bankman-Fried on charges for which the…

Despite good faith actors, crypto is ‘rife with fraud; rife with hucksters,’ says Gensler

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[ad_1] U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler reiterated his concerns about the cryptocurrency sector, saying it is “rife with fraud” and lacks adequate protections for investors during an interview today with BBTV. The chairman’s comments come amid ongoing debates about regulatory oversight for cryptocurrencies. While Gensler allowed that the cryptocurrency sector contains…

Forty-year leap: US national debt nearing $1T in interest alone

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[ad_1] Quick Take The United States is experiencing a steep surge in interest payments, now reaching approximately $970 billion. According to financial analyst Joe Consorti, this constitutes an escalation of $41 billion within the second quarter alone. The rapid growth rate implies that the U.S. interest payments will soon reach the daunting $1 trillion threshold,…

Amazon Managed Blockchain to offer new Bitcoin querying services

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[ad_1] Amazon Managed Blockchain (AMB) announced an upgrade to its Access and Query functions, ushering the tech giant deeper into Web3. The announcement was made during the two-day AWS Web3/Blockchain Summit in New York City on July 26, representing a significant step in advancing Amazon’s blockchain services. The Amazon Managed Blockchain, a Blockchain-as-a-Service (BaaS) platform,…

AI tokens see the lowest weekly trading volume this year

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