World shares steady as Fed pause bets bolster sentiment
Written by on July 3, 2023
The world’s largest asset manager will be using Coinbase Custody – an offline storage solution for digital assets – for the ETF, and the crypto exchange’s spot market data for pricing, the report added.
A slew of altcoins – a catch-all for most cryptocurrencies except bitcoin and ether – have been harpooned in lawsuits filed by U.S.
regulators against exchanges Binance and Coinbase last week, hammering the prices of the tokens.
“Cases lodged by regulators are likely to ramp up uncertainty and confusion about crypto as they drag through US courts,” lamented Scott Freeman, co-founder and partner at JST Capital, which specializes in crypto.
The Cardano Foundation and Solana Foundation told Reuters they disagreed with the SEC’s classification of their tokens as a security under U.S.
law but looked forward to working with regulators to gain further clarity. Polygon Labs declined to comment.
The SEC supported freezing Binance’s assets on Thursday, after suing the exchange and its founder at the beginning of the week, alleging a “web of deception” that included artificially inflating trading volumes and comingling customer funds.
June 28 (Reuters) – Bankrupt FTX is moving ahead with efforts to revive its flagship international cryptocurrency exchange, the Wall Street Journal reported on Wednesday citing CEO John Ray.
Erdogan last week put well-regarded former finance minister Mehmet Simsek back in the post. Simsek said this week that the guiding principles for the economy would be transparency, consistency, accountability and predictability.
“Given that Changpeng Zhao and Binance have control of the platforms’ customers’ assets and have been able to commingle customer assets or divert customer assets as they please … these prohibitions are essential to protecting investor assets,” Gurbir Grewal, director of the SEC’s enforcement division, said in the statement.
securities regulator stepped up its crackdown on the crypto sector. June 9 (Reuters) – The U.S.
affiliate of Binance said it was halting dollar deposits, while trading platform Robinhood Markets said it was delisting some crypto tokens, after the U.S.
No firm has yet been licensed under VARA’s full market product (FMP) stage – which would permit the serving of retail clients, regulator information shows.
OKX plans to apply for such a licence, Byun said.
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