The top watchdog, which oversees brokerage firms and exchange markets, says 70% of communications about cryptocurrencies may have broken rules aimed at maintaining fairness and balance with the public. The Financial Industry Regulatory Authority (FINRA) discovered several common themes as it swept through its members, including misrepresentations that cryptocurrencies function like cash or cash equivalents. It also appears that comparing cryptocurrencies to other assets, such as stocks and misstatements, is subject to federal securities laws or FINRA rules that apply to cryptocurrencies. report It was released on Tuesday. FINRA is regulated by the Securities and Exchange Commission. sweep In November,…
Author: Crypto Flexs
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Moreover, the immediacy and finality of cryptocurrency transactions mean they lack many of the protections people are accustomed to with most other online consumer services. Sending an NFT to someone is like sending an email. Once the computer system has processed the transfer, it cannot be reversed. This means that if you enter the wrong address, your digital assets could end up in the wrong hands or even lost in the network pipes. Conversely, hacking or account theft may result in irreparable losses. (In late 2021, Bored Ape NFT thefts were briefly so common that “All My Apes Are Gone”…
Victoria, Seychelles, January 23, 2024, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web 3 company, today launches a new branded film about internationally acclaimed soccer player Lionel Messi to kick off its second year of partnership under the theme #MakeItCount. The campaign aims to inspire everyone to push boundaries and seize opportunities, turning challenges into stepping stones to success. The new #MakeItCount 2024 film is a testament to the core values that Bitget and Messi hold dear: perseverance in the face of all adversity, all progress comes by itself and a positive mindset no matter what. The film shows…
Weekly Update #36January 23, 2024password trackingMark Collins & Demetrius TSEASregulation:Report issued by UNODC, casino discovery, ()junket and cryptocurrencyCryptocurrency (or cryptocurrency) is a digital asset. Emerges as an important ML work in East and Southeast Asia: On January 15, the United Nations Office on Drugs and Crime (UNODC) released a report. report Title: ‘Casinos, Money Laundering, Underground Banking and Transnational Organized Crime in East and Southeast Asia: A Hidden, Accelerating Threat’. The report finds that illicit online casinos and e-junkets, along with illegal or poorly regulated cryptocurrency exchanges, have proliferated in recent years and have emerged as a significant part of…
Recently, Ethereum (ETH) whales executed It is a series of transactions that involve significant movement of funds across various platforms. Spot On Chain, a blockchain analytics platform, initially highlighted this activity involving approximately $46.02 million in ETH tokens. The Whale decrypts $46 million ETH transfers across major platforms Operating through a network of eight wallets, the whale began withdrawing these funds from major exchanges Binance and Bitfinex.advertising The complexity of these transactions does not end there. After withdrawing at an average price of around $2,419 per ETH, Whale teamed up with Lido, a popular liquid staking solution. The move included…
Now that Spot Bitcoin ETF Approved According to the U.S. Securities and Exchange Commission (SEC), more ETFs are expected to enter the market, especially in the cryptocurrency market. Find the Ethereum ETF. Nonetheless, analysts at JP Morgan, an American multinational financial services company, expressed less optimistic views on the likelihood of approval of the Ethereum Spot ETF. Ethereum spot ETF expected to be approved In a note to clients published on Thursday, January 18, JP Morgan analysts, led by Nikolaos Panigirtzoglou, the financial services company’s managing director, said the expected Spot Ethereum ETF approved by the SEC. Analysts cited regulatory…
A widely respected cryptocurrency analyst believes that altcoins running on the Ethereum (ETH) network are primed for a big price surge. Trader Michaël van de Poppe told his 685,500 followers on social media platform According to Van de Poppe, LINK appears to be bullish on both Bitcoin (LINK/BTC) and the US dollar. “This seems ready to continue. The BTC pair is recording higher highs, higher lows and holding higher period support levels. “We expect it to rise to $25-$30 in the coming months.” source: Michael van de Poppe/X At the time of this writing, LINK is trading at $14.72, suggesting…
One of Bitcoin’s core value propositions is that no matter what happens, if you pay a high enough fee, some miner around the world will confirm your transaction. In other words, Bitcoin is resistant to censorship. There’s a very good reason why the phrase “censorship-resistant” rather than “censorship-proof” is a phrase we hear every time this topic comes up. Any individual miner can censor whatever they want. That means he can refuse to have something included in the blocks he mines. However, this does not prevent other miners from including the transaction in their own block whenever they find it.…
Mt. Gox Bitcoin (BTC) payments have become closer.CoinDesk, a leading source for cryptocurrency and digital asset news, has updated its Privacy Policy, Terms of Use, and Cookies. They do not sell personal information and strive to maintain high journalistic standards. In November 2023, CoinDesk was acquired by Bullish Group, owner of Bullish, a regulated digital asset exchange. Bullish Group is majority-owned by Block.one, and both companies have interests in blockchain and digital asset businesses. CoinDesk operates as an independent subsidiary and has an editorial board chaired by a former Wall Street Journal editor to ensure journalistic integrity. Mt. Gox Bitcoin…
The U.S. Securities and Exchange Commission (SEC) recently faced a serious cybersecurity breach when the X (formerly Twitter) account was hacked on January 9, 2024. The incident put the security measures of financial regulators and their presence on social media in the spotlight. Media platform. Accident Overview On the afternoon of January 9, an unauthorized party gained control of phone numbers associated with the SEC’s X account through a “SIM swap” attack. This allowed the hacker to post misleading information about the commission’s approval of a spot Bitcoin exchange-traded fund (ETF). A second post titled “$” followed the false announcement…