FTX intensified its asset recovery operations under legal scrutiny as founder Sam Bankman-Fried prepares for his October trial in October. Spearheaded by FTX Chief Executive and Restructuring Officer John J. Ray, the company aims to reclaim billions of dollars that were lost. In a recent development, the exchange initiated legal proceedings against the parents of …
FTX ramps up asset recovery ahead of Bankman-Fried’s trial Read More »
Federal Reserve’s Michael Barr highlights the risks of unregulated stablecoins, emphasizing the need for robust federal oversight in the evolving digital currency landscape. Michael Barr, the Federal Reserve’s leading authority on banking oversight, has voiced robust concerns regarding stablecoins operating outside the oversight of federal regulation. While Federal Reserve officials have articulated reservations about stablecoins …
Fed watchdog Michael Barr calls stablecoins risk for economy Read More »
Artfi, an art and collectible investment project, will sponsor Token2049, one of the largest crypto events in Singapore. Artfi announces Token2049 sponsorship The official announcement was made during an X space session dubbed “Redefining Ownership of Real-World Assets with Blockchain Technology” on Aug. 26, 2023. The Spaces Event was one of the largest online gatherings …
A couple of new electric SUVs join the ranks of Editors’ Picks this month. The Nissan Ariya is Nissan’s big EV follow-up to the long-sold Leaf, and it sure is a good one. Meanwhile, the Mercedes-Benz EQE SUV hits it out of the park with both its rapid AMG model and the norm-core 350 and …
Editors' Picks August 2023: Honda Pilot, a Subaru and some electric SUVs Read More »
United Auto Workers President Shawn Fain, middle, walks in the Labor Day parade in Detroit on Monday. (AP) DETROIT — General Motors’ first wage-and-benefit offer to the United Auto Workers on Thursday fell far short of the union’s initial demands. The offer comes just a week before the UAW’s national contracts with GM, Stellantis …
With strike looming, GM makes 10% wage offer, which UAW leader calls 'insulting' Read More »
The United States Commodity Futures Trading Commission (CFTC) has issued orders against three defi protocols for failing to register derivative trading offerings. The regulatory body has acted against the three decentralized finance (defi) protocols: Opyn, ZeroEx, and Deridex. The regulator claims they failed to register derivatives trading offerings. The CTFC ordered that the companies pay …
CFTC filed complaints against three defi protocols Read More »
Mirror Trading International (MTI) is convicted by a U.S. court for deceiving victims in a Bitcoin scam, facing a restitution order of $1.7 billion. The U.S. Commodity Futures Trading Commission (CFTC) revealed that Mirror Trading International Proprietary Limited (MTI) has been convicted in a cryptocurrency fraud case. The complaint against the South African firm was …
US court finds South African firm guilty in major crypto scam Read More »
Ann Arbor, Mich. — The Hyundai Elantra N is a neat little thing. It’s a firecracker of a sedan, its turbocharged 2.0-liter engine making 276 horsepower and 289 pound-feet of torque. That power is put to the front wheels via a standard six-speed manual transmission or, in the case of this tester, an eight-speed dual-clutch …
Taiwan plans to restrict access to offshore cryptocurrency exchanges that are not registered with the local regulators. According to a Sept. 7 report by Taiwan’s semi-official Central News Agency, the country’s Financial Supervisory Commission recently drafted ten virtual asset service provider principles for local crypto regulation. Those principles are expected to be released by the …
Taiwan plans ban on unregistered offshore crypto exchanges Read More »
The Chicago Board Options Exchange (CBOE) has filed two applications seeking the SEC’s approval for the ARK 21Shares Ethereum ETF and VanEck. The filing of the 19b-4 form is dated Sept. 6. A 19b-4 form is usually presented by self-regulatory organizations, such as the CBOE, asking for a specific requirement from the SEC. The SEC …
CBOE filed two requests for first spot Ethereum ETF Read More »
