Nasdaq wants to launch a Bitcoin index options, seeks SEC approval
Options would allow institutional investors to hedge risks and traders to amplify their buying power.
Options would allow institutional investors to hedge risks and traders to amplify their buying power.
AI technology could drastically reduce inequalities and expand access to services in local and state governments, many believe.
Binance denied reports suggesting that the crypto exchange seized funds from all Palestinians, stating that only a small number of accounts were restricted.
Crypto service providers who fail to take “reasonable care” to comply with the requirements could be fined between 20,000 and 100,000 New Zealand dollars ($12,000 and $62,000).
Crypto community members fear that Durov’s arrest may lead to stricter controls on decentralized technology.
Musk said he was pro-AI regulation “just as we regulate any product/technology that is a potential risk to the public.”
“I believe the government pressure was wrong, and I regret that we were not more outspoken about it,” said the Meta CEO in a letter.
According to BlockBeats, on August 27, San Francisco Federal Reserve President Mary Daly stated that she believes it is appropriate for the Federal Reserve to begin cutting interest rates. In an interview on Monday, Daly mentioned, 'The labor market has achieved full balance. The time to adjust policy has arrived.'This perspective aligns with Federal Reserve Chairman Jerome Powell's remarks last week. During the Jackson Hole symposium, Powell expressed confidence that the inflation rate is on its way back to 2%, similarly noting that 'the time to adjust policy has arrived.' Daly emphasized that the Federal Reserve must bring the inflation rate down to the 2% target, but she and her colleagues will also strive to prevent restrictive policies from harming the labor market.
According to Cointelegraph, the United States Securities and Exchange Commission (SEC) announced that cryptocurrency platform Abra has agreed to a settlement over allegations that the firm did not register the offers and sales of its lending product.In an August 26 notice, the regulator stated that Abra, “without admitting or denying the SEC’s allegations,” has agreed to pay civil penalties to be determined by a court and an injunction prohibiting the firm from violating securities laws. The SEC filed charges against the lending platform for failing to register the offers and sales of Abra Earn and operating as an unregistered investment company.The SEC alleged that Abra marketed its Earn service as a way for investors to earn interest “auto-magically” but instead generated income for itself. The platform began offering Abra Earn to US investors in July 2020, facilitating roughly $600 million in assets globally at its peak.“Abra allegedly sold its own securities while skirting applicable Investment Company Act provisions that provide a number of important protections to investors, including minimizing conflicts of interest,” said SEC enforcement associate director Stacy Bogert. “This matter reflects yet again, that in conducting enforcement investigations, we are governed by economic realities, not cosmetic labels.”This is a developing story, and further information will be added as it becomes available.
According to Odaily, Federal Reserve's Barkin has announced a 'test and learn' approach to handling interest rate cuts. The decline in inflation, which initially began in the goods sector, has now spread to other parts of the economy. This development has bolstered confidence that the downward trend in inflation will continue.