Galaxy Digital Holdings chief executive Mike Novogratz has said he finds it shocking that U.S. authorities are interested in talking about the regulation of crypto, but have said nothing about artificial intelligence (AI) regulation. Novogratz added that by choosing mainly to focus on crypto regulation, the U.S. government has it “completely upside-down.” ‘A Real Technology
China’s non-manufacturing sector activity expanded at the fastest rate in more than a decade in March, but manufacturing growth dipped from the previous month in further signs of an uneven recovery as the economy struggles to emerge from the shadow of the pandemic. The National Bureau of Statistics non-manufacturing purchasing managers’ index, which includes the
The cryptocurrency hardware wallet manufacturer Ledger has raised €100 million ($109 million) in funding, according to the company’s disclosure on Thursday. Ledger CEO Pascal Gauthier says there has been significant demand for hardware wallets. He added, “2023 is even better for us because now you can’t even leave money at a Swiss bank.” Ledger to
The European arm of FTX, FTX EU has launched a website to allow European customers to submit withdrawal requests. It comes nearly five months after the global trading platform collapsed and went bankrupt in early November. The new website domain name — https://ftxeurope.eu/ — was reportedly approved by the Cyprus Securities and Exchange Commission according
I’m not sure people on my side of the Atlantic fully appreciate quite how much better off the average American is than the average European. A car-wash manager in Alabama can now earn $125,000, about 50 per cent more than the head of cyber security at the UK Treasury even after accounting for different living
During the depths of the global financial crisis, Colm Kelleher was instrumental in keeping Morgan Stanley afloat — an experience the Irish finance veteran will draw on as he oversees the biggest bank takeover since those tumultuous days. “He was on the phone with regulators all the time,” recalled John Mack, Morgan Stanley’s chief executive
Donald Trump was a norm-shattering American president during four tumultuous years in the White House. Now, with a Manhattan grand jury handing down a criminal indictment against him on Thursday evening, Trump and the US have once again hurtled into uncharted — possibly dangerous — territory. The news of the grand jury’s vote upended recent
The U.S. Securities and Exchange Commission (SEC) has filed charges against crypto trading platform Beaxy and its executives. Additionally, the regulator alleged that the cryptocurrency exchange’s founder raised $8 million in an unregistered crypto token offering and “misappropriated at least $900,000 for personal use, including gambling.” SEC Charges Crypto Exchange Platform Beaxy The U.S. Securities
When troubles come, they come not single spies but in battalions. Donald Trump’s criminal indictment — the first in history of a former, and possibly future, US president — has a Shakespearean quality to it. This dramatic moment has been long anticipated and cued by Trump himself, who expected it to take place last week.
Economist Peter Schiff has warned of “the biggest economic disaster” in U.S. history. He stressed that we are on the cusp of a financial crisis and “it’s going to be much bigger than the last.” In addition, he said the U.S. dollar is being debased in order to fund the bank bailouts. Peter Schiff Foresees
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said in a congressional hearing that the securities regulator “requires new tools, expertise, and resources” to combat misconduct in the crypto space. “We’ve seen the Wild West of the crypto markets, rife with noncompliance, where investors have put hard-earned assets at risk in a highly speculative
Our weekly roundup of news from East Asia curates the industry’s most important developments. Binance’s secret U.S. users On Mar. 27, the U.S. Commodity Futures Trading Commission (CFTC) charged Binance and its founder Changpeng Zhao with alleged willful evasion of federal law and operating an illegal digital assets exchange. In the 74 page complaint, the
Japan is planning to impose export restrictions on 23 types of equipment used to manufacture semiconductors, as the geopolitical tensions between the US and China sharpen, the government said on Friday. The restrictions, which will come into effect in July, will require Japanese companies that feature heavily and critically in the global semiconductor supply chain,
Donald Trump has been indicted following a years-long investigation by Manhattan prosecutors that has led to the first criminal charges against a former US president in the country’s history, according to his lawyers. “President Trump has been indicted. He did not commit any crime. We will vigorously fight this political prosecution in court,” his lawyers
Millions of U.S. dollars’ worth of cryptocurrency has been sent to centralized exchanges (CEXs), most notably Binance, from wallets providing funds in support of Russia’s war effort in Ukraine, transaction data suggests. According to Ukrainian analysts, the money was transferred to the crypto trading platforms in order to be laundered. Over 90% of Pro-Russian Crypto
Idaho lawmakers resurrected and reworked a property tax relief bill that Gov. Brad Little vetoed earlier this week, saying the original legislation put a transportation bond sale in jeopardy. Little vetoed House Bill 292 because it re-ordered the priority of statutory claims on sales taxes, putting property tax relief ahead of the state’s Transportation Expansion
Europe should reject Washington’s demands to curb trade with Beijing, a senior Chinese diplomat said, warning any country that shredded business ties with his nation would do so “at their own peril”. Fu Cong, China’s ambassador to the EU, claimed the US would “stop at nothing” to disrupt normal relations between the bloc and China,
Puerto Rico Gov. Pedro Pierluisi promised his government would deliver up-to-date annual comprehensive financial reports for Puerto Rico’s central government by the middle of this year. Pierluisi made the promise as part of his annual state of the territory speech to the Puerto Rico legislature Wednesday night. The latest ACFR available is for fiscal 2020,
Municipals and U.S. Treasuries moved in lock step Thursday with both triple-A benchmark yields and UST yields slightly firmer throughout most of the curve. Equities ended up. The two-year muni-UST ratio was at 58%, the three-year at 59%, the five-year at 61%, the 10-year at 64% and the 30-year at 89%, according to Refinitiv MMD’s
Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover the losses of the debtors. FTX Debtors and Unsecured
The Ethereum Foundation has announced April 12 as the date of deployment of the much-anticipated Shanghai and Capella upgrade, together dubbed as Shapella. The upgrades will enable withdrawals from Ethereum 2.0 staking contracts. The staking contract was first launched in December 2020. It only accepted one-way deposits of ETH, which will change after the upgrade.