Australian Securities and Investments Commission (ASIC) increased the size of its crypto team, The Guardian reports, after the popular blockchain shifted from a proof-of-work (PoW) to a proof-of-stake...
Tag: Financial
Russia’s financial regulators agrees on crypto use for international payments
Russia’s deputy finance minister Alexei Moiseev has said that the country’s apex bank and the finance ministry reached an agreement that would allow the use of cryptocurrency for international payment...
U.S Judge Orders Tether To Produce Financial Records Proving USDT’s Backing
Stablecoin issuer Tether has recieved a court order to produce financial records that prove the backings of its USDT. The Judge at Northern District Court New York, Katherine Polk Failla, issued the o...
Powell Has Pretty Much Sealed the Fate of the Short-Term Stock Market
For the third consecutive time, the U.S. Federal Reserve raised the Fed Funds rate by three-quarters of a percentage point, putting the overnight lending rate between 3.00% and 3.25%. Earlier this yea...
Tether’s response when a NY judge asked for financial documents showing the backing of USDT
A recent discovery unmasked a claim that refers to the issuance of unbacked USDT by Tether. This unbacked currency circulating in the market has caused turbulence and damage of $1.4 trillion. A NY jud...
The Fed just ‘went big’ on its rate hike. Here’s who’s likely getting a financial boost from that — and ‘at levels last seen in 2009’
With rates on CDs now well above 0.60%, experts agree that sticking with a longer-term plan is the best way to get the biggest bang for your dollar. Getty Images/iStockphoto In its efforts to reign in...
Amber Group continues strong financial performance in H1 2022!
Resilient performance is a result of sustained business momentum, along with expanded product and service offerings against market uncertainties. Amber Group, a leading global digital asset company, ...
New York Judge Demands Tether To Produce Financial Records
2 hours ago | 2 mins read Altcoin News Katherine Polk Failla is the judge who presided over the case. The Tether exchange’s Bitfinex, Bittrex, and Poloniex account information was also requested. Leg...
US Court Orders Tether to Provide USDT Backing Financial Records
The lawsuit filed in 2019, which claims crypto exchange Bitfinex and its sister company Tether manipulated the crypto market to issue USDT to inflate Bitcoin’s price, has taken a new turn. United Stat...
U.S. judge orders Tether to produce financial records proving USDT backing
As the lawsuit accusing Tether (USDT) and cryptocurrency exchange Bitfinex of conspiracy to issue its stablecoin in order to pump the price of Bitcoin (BTC) continues, a U.S. judge has ordered the iss...
UK Financial Regulator Issues Consumer Warning Against FTX
The UK’s Financial Conduct Authority (FCA) has issued a consumer warning against cryptocurrency exchange FTX for operating within the jurisdiction of the United Kingdom without authorization. In a st...
Sanctions against crypto mixers can deter financial crimes
Sanctions against cryptocurrency mixers like Tornado Cash can strengthen the United States’ sanctions regime against Russia and other illicit actors, and can serve as a deterrent to criminals that wou...
If You Have This Much Money, Hiring a Financial Advisor Leads to Much More Happiness
Money can’t buy happiness directly, but it seems like paying a financial advisor sure can help. A new survey found people with more than $1.2 million in household assets report higher levels of happin...
FTX Hits The Radar of U.K. Financial Watchdog
Regulatory scrutiny around the world is putting cryptocurrency exchanges under increasing pressure, like FTX. The Financial Conduct Authority, which previously raised concerns about Binance’s deal wit...
Treasury Seeks Public Comment on Crypto’s Role in Financial Crime
Key Takeaways The U.S. Treasury Department has published a request for comment, inviting members of the public to share their views on the potential risks associated with digital assets. The notice in...
FTX Cautioned by UK Financial Watchdog: Details
Tomiwabold Olajide This most recent setback coincides with FTX’s ongoing expansion efforts The U.K.’s Financial Conduct Authority has issued a warning to consumers about Sam Bankman-Fried&...
Coinbase’ Financial Aid to Tornado Cash Supporter Plaintiffs
Looking at the instances happening around the crypto space are enough to create skepticism regarding the intentions of the government. Why’s that? Well, the list is long, some are worth mentioning tho...
U.K. Financial Regulator FCA Warns Against Using FTX
Share this article The FCA has previously warned U.K. consumers against FTX rival Binance. FCA Sounds Alarm on FTX The Financial Conduct Authority has posted a caution about FTX. The U.K. financial...
Stablecoin Adjusted On-Chain Volume Reaches New Highs, Are They Threatening Financial Stability?
Stablecoins continue to break into the mainstream due to their use in settling cross-border payments and in the process reached a new milestone in adjusted transaction volume in August. Stablecoins ha...
Financial stability regulators to meet on digital assets next week
The Financial Stability Oversight Council, chaired by Treasury Secretary Janet Yellen, will meet Sept. 23 to work on its report regarding regulatory gaps for digital assets and potential risks posed b...
Is Celsius Not Being Open Enough About Its Financial Situation?
Sasha Hodder – founder of Hodder Law Firm – has mentioned the U.S. trustee overseeing the Celsius Network bankruptcy proceedings is seeking the aid of an independent examiner due to the company not be...
GE Doesn’t Just Have Supply Chain Issues
The CFO of General Electric (GE) told shareholders and analysts Thursday evening that the supply chain was putting pressure on margins and free cash flow. Let’s check and see how that is playing...
U.S. Financial Stability Oversight Council to Discuss Digital Asset Regulation Next Week
The Financial Stability Oversight Council (FSOC), chaired by U.S. Treasury Secretary Janet Yellen, will meet on September 23 to discuss regulatory loopholes in digital currencies and the potential ris...
Meet the ‘Masters’ of High Yields: MLPs
Master Limited Partnerships, or MLPs, have traditionally been a good source of high-yielding securities. Many Master Limited Partnerships yield 5% or more, even double-digit yields in some cases. Of c...
There’s No Way I’d Buy FedEx Here: I’d Rather Trade UPS
Global recession! That’s the implication. The situation is this. FedEx (FDX) released on Thursday evening preliminary results for the firm’s fiscal quarter, which ended August 31st. The fi...
This Value Investor Has Found a ‘Dead Cow’ to Feast On
Two years ago, we did not get photographic proof of the white bear our daughter and I encountered on a trail in the Elkhorn Mountains in Western Montana. That encounter had a built-in investment lesso...
This Bear Market Advice Can Be Very Effective If You Do It In the Right Way
Folks that watch the market very closely have a bias toward action. They become bored and restless and want to do something even when conditions are not favorable. This inclination leads to the most c...
Here Are 2 Stocks That You’d Have to ‘Pry From My Cold, Dead Hands’
I was heartened by the response to the publication of the links to the free-to-all version of my PREFS spreadsheet in yesterday’s Real Money column. If you requested access, and haven’t ye...
‘She never explained anything’: I’m a senior citizen and I lost $100,000 in the stock market this year. Can I sue my financial adviser?
I am a senior citizen and have suffered major losses to the tune of $100,000 in the recent stock market turmoil. Can I sue my financial adviser? I understand the dynamics of the market as far as its u...