June means hot weather and summer footwear. Flip-flops are out in full force—but they appear to be especially fashionable at the Securities and Exchange Commission.
In a newly surfaced video from 2018, Gary Gensler—who now serves as Chair of the SEC— definitively states that bitcoin, ether, litecoin, and bitcoin cash are “not securities.” It’s a far cry from his current position on the issue. As recently as February, Gensler mused in an inter...
The U.S. subsidiary of cryptocurrency exchange Binance has avoided an asset freeze that would have made it impossible to do business, but it has agreed to burdensome terms to keep operating during a civil case brought by the Securities and Exchange Commission that charged the company with evading “critical regulatory oversight.”
Under a consent order signed on Saturday, Binance.US has agreed to repatriate assets held for the benefit of domes...
El Salvador has been the world’s top bitcoin tourism destination since 2021, when it became the first country to accept bitcoin as legal tender, it has become one of the favorite destinations for bitcoiners. In addition to the region’s natural beauty and the warmth of its people, the promise of a country friendly to bitcoiners’ economic ideology is one of El Salvador’s greatest attractions.
Depending on where you're coming from, flights can ra...
Should we be worried about the new report from the European Parliament trying to undo sections of the completed Mica legislation?
EU MICA, the regulatory framework for digital assets, was published in the Official Journal of the European Union on June 9th, 2023, marking the end of a significant chapter in the realm of financial regulations. This regulatory journey can be seen as a regulatory version of the "Game of Thrones" saga which experie...
Many companies are exploring the utilities of non-fungible tokens to help brands gain new audiences, build loyal communities, and stand out from competitors. In fact, the crypto market aggregation site CoinGecko’s found that 77% of crypto-savvy survey respondents list “utility” as the most important reason for buying an NFT.
NFT buyers are still a niche. Only about 3% of American internet users owned an NFT in 2022, according to data publish...
It’s February 2022 and the podcast Why Not? has one of its stranger guests.
He sits on a grey sofa with a microphone hanging in front of his face. He wears a grey hoodie with the hood up and large black sunglasses. An orange bandana patterned with the Bitcoin logo covers his nose and mouth.
“I find that it allows me to be a lot more clear-headed as a leader of this community,” he says by way of explaining his desire to remain anonymous. At ...
Bitcoin
BTC
and ethereum—the two largest cryptocurrencies by a considerable margin—have swung wildly this week as sudden regulatory action rocks the world of crypto (with further shocks expected).
Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market rollercoaster
The bitcoin price has crashed to levels not seen since March this week following a devastating one-two punch fro...
The Securities and Exchange Commission, under the leadership of Gary Gensler, continues to wage a campaign against crypto firms of all shapes and sizes. With enforcement actions against crypto firms having increased 183% following the collapse of FTX, and lawsuits filed against Binance and Coinbase on consecutive days, the crypto sector continues to look for answers to relatively basic questions. Where should crypto issuers, exchanges, and oth...
In the largest crackdown to date by U.S. regulators against the crypto industry, the Securities and Exchange Commission (SEC) announced this week it’s launching two separate civil suits against Binance and Coinbase
COIN
—the two largest crypto exchanges by volume.
While the civil suits collectively indicate the SEC is ready to take a firm stance on how crypto is regulated, the suits themselves vary greatly in substance and language—indica...
The Securities and Exchange Commission came out strong this week, filing lawsuits against both Coinbase and Binance, the largest crypto exchanges in the world. The SEC’s accusations center around unregistered security violations and may end up impacting the United States’ role in the digital economy, according to several representatives in the bitcoin space.
For example, Jesse Shrader, CEO and Co-Founder of the bitcoin startup Amboss, told m...
