Investment Learning

  • July 30, 2024

U.S. Strategic Bitcoin Reserve to Be Funded Partly by Revaluing Fed's Gold, Draft Bill Shows

The purchase of bitcoin for a new strategic reserve would be financed partly by revaluing Federal Reserve's gold, according to draft legislation from U.S. Senator Cynthia Lummis's office. The plan proposes establishing a "Bitcoin Purchase Program" of up to 200,000 BTC a year over a five-year period. U.S. Senator Cynthia Lummis's plan for a new Strategic Bitcoin Reserve would finance purchases of the cryptocurrency partly by revaluing gold certificates held by the Federal Reserve System, according to a draft of the legislation obtained by CoinDesk.

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  • July 30, 2024

Bahamas Parliament Passes 2024 Digital Assets And Registered Exchanges Act

According to Odaily, the Bahamas Securities Commission has announced that the Bahamian Parliament has passed the Digital Assets and Registered Exchanges Act (DARE 2024). This legislative move strengthens the country's position in the realm of digital asset regulation. Building on the foundation laid by the 2020 DARE Act, the new law introduces comprehensive reforms aimed at addressing the evolving landscape of digital assets and cryptocurrency markets.Christina Rolle, Executive Director of the Bahamas Securities Commission, stated, 'DARE 2024 represents a new standard in digital asset regulation. The framework we have created not only focuses on investor protection but also encourages responsible innovation, positioning the Bahamas at the forefront of global digital asset regulation.'

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  • July 30, 2024

SEC Provides Information for Terraform Labs Investors

According to Odaily, the U.S. Securities and Exchange Commission (SEC) has launched an information page specifically for investors affected by Terraform Labs. The SEC stated that since the settlement agreement was reached last month, investors have been inquiring about the compensation process. The SEC clarified on its webpage that it will not receive any compensation until investors and creditors have received their full bankruptcy case payouts. The SEC added that the Chapter 11 plan confirmation hearing and start date are expected to take place in the fall.Previously, it was reported that Terraform Labs agreed to pay $4.47 billion as part of the settlement agreement with the SEC. The company will pay $3.58 billion in illicit gains and $420 million in civil penalties. The settlement terms also prohibit its co-founder, Do Kwon, from serving as an executive or director of any public company.

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  • July 30, 2024

Are Sony's Plans For a Crypto Exchange Driven by Dollars or Technology

Most people associate Sony with flatscreen TVs, gaming consoles, movies, and music. But the Japanese company plans to overhaul the "Whalefin" crypto exchange it acquired. The key question moving forward will be how well companies like Sony can adapt to the unique challenges and opportunities presented by the crypto space.

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