SEC files ‘settled charges’ against Mango Markets operators
In 2022, Mango Markets suffered a high-profile exploit perpetrated by Avraham Eisenberg that drained the platform of $100 million.
In 2022, Mango Markets suffered a high-profile exploit perpetrated by Avraham Eisenberg that drained the platform of $100 million.
Solana’s market cap could reach 50% of Ether’s due to its superior transaction throughput, according to asset management giant VanEck.
Cryptocurrency ETFs saw inflows exceeding $20 billion in 2024, according to Morningstar.
The ETFs add leverage to MicroStrategy’s already levered-up Bitcoin strategy, and investors can’t seem to get enough.
The rise came immediately after Bolivia’s central bank lifted a 42-month ban on cryptocurrency payments, allowing financial entities to conduct transactions with digital assets.
OpenAI’s potential transformation into a for-profit corporation is not impossible, but it will likely not be an easy process.
The upcoming regulatory framework could threaten a mass crypto exodus to the Middle East due to more favorable regulations.
Hong Kong regulators will align their crypto OTC derivatives reporting with ESMA’s standards, including the use of Digital Token Identifiers.
A United States federal judge sided partially with the SEC, finding that Opporty and its founder, Sergii Grybniak, offered “unregistered securities” in a 2018 ICO.
According to Cointelegraph, the United States Securities and Exchange Commission (SEC) will continue to seek modifications to the definitions of 'exchange' and alternative trading systems, as stated by chairman Gary Gensler at the US Treasury Market Conference on September 26.Gensler addressed issues impacting the efficiency and resilience of the US Treasury bond market. The proposed changes have faced significant criticism from the digital asset community. One of the SEC's measures to strengthen the Treasury market involved redefining 'dealer' to include more market participants, such as principal-trading firms that utilize algorithmic and high-frequency trading strategies. Despite criticism from pro-crypto politicians regarding the potential impact on digital asset trading, these changes were adopted in February 2022.Another contentious issue is the definition of 'exchange' and alternative trading systems, which also affects digital assets. A proposal from 2022 aimed to extend registration requirements for platforms acting as market makers for government securities. The proposal's wording suggested that other exchange platforms might also be subject to the new rules, raising constitutional concerns. When the proposal was revisited a year later, a section was added to specifically address decentralized finance (DeFi). Gensler noted that this update would close a regulatory gap among platforms, though the changes have not yet been finalized.Prometheum and tZero are notable examples of registered alternative trading systems. They are the first and only firms to receive special purpose broker-dealer status for digital asset securities, enabling them to provide custody of digital asset securities for retail and institutional clients. While Gensler did not mention cryptocurrency or DeFi in his presentation, he later appeared on CNBC to discuss crypto regulation, asserting that the crypto industry is sufficiently regulated by existing laws.