Coinbase Chief Brian Armstrong to Meet US Lawmakers to Discuss Crypto Future

Coinbase Chief Brian Armstrong to Meet US Lawmakers to Discuss Crypto Future

Brian Armstrong, the CEO of Coinbase crypto exchange, is looking to meet with policymakers from the US. The agenda of Armstrong’s rendezvous with the Democrats revolves around opening discussions on the future of the digital assets sector in the US. Valued at $1.2 trillion (roughly Rs. 98,47,344 crore) as of…

Nasdaq Refiles BlackRock’s Bitcoin ETF Application With SEC: Details

Nasdaq Refiles BlackRock’s Bitcoin ETF Application With SEC: Details

Nasdaq refiled an application with the U.S. securities regulator to list an exchange-traded fund by BlackRock that will reflect the price of bitcoin to add additional details, according to a filing made public on Monday. The refreshed filing, submitted to the U.S. Securities and Exchange Commission (SEC) on Thursday, said…

Coinbase CEO Says the Crypto Exchange Has Been Always Transparent With US SEC

Coinbase CEO Says the Crypto Exchange Has Been Always Transparent With US SEC

Coinbase Global’s CEO Brian Armstrong said on Wednesday that the crypto exchange has a long history of being transparent with the US Securities and Exchange Commission. Armstrong was speaking in an interview with CNBC, a day after the company was sued by the US securities regulator on allegations it failed…

Activision Blizzard Agrees to Pay  Million to Settle Workforce Allegations

Activision Blizzard Agrees to Pay $35 Million to Settle Workforce Allegations

Activision Blizzard has agreed to pay $35 million (nearly Rs. 290 crore) to settle allegations over the video game maker’s handling of workplace complaints and violations of whistleblower protection rules, US financial regulators said on Friday. The Securities and Exchange Commission said the company knew employee retention issues were “a particularly…

US SEC Warns Crypto Investors Against Blindly Trusting ‘Proof-of-Reserve’ Audits

US SEC Warns Crypto Investors Against Blindly Trusting ‘Proof-of-Reserve’ Audits

Following the collapse of the FTX crypto exchange due to a liquidity crunch, several global crypto firms have conducted the audits of their respective proofs-of-reserves. The aim is to ensure their users that, under any emergency, the exchanges will be able to handle all withdrawals without going bankrupt. Officials from…

FTX Founder Sam Bankman-Fried Says He Failed to See Warnings Signs That Led to Firm’s Collapse

FTX Founder Sam Bankman-Fried Says He Failed to See Warnings Signs That Led to Firm’s Collapse

FTX founder and former Chief Executive Sam Bankman-Fried said he expanded his business too fast and failed to notice signs of trouble at the exchange, whose downfall sent shock waves through the crypto industry, the New York Times reported late on Monday. “Had I been a bit more concentrated on…

Elon Musk Fires Twitter’s Board of Directors to Become Sole Member

Elon Musk Fires Twitter’s Board of Directors to Become Sole Member

Billionaire Elon Musk is already floating major changes for Twitter — and faces major hurdles as he begins his first week as owner of the social-media platform. Twitter‘s new owner fired the company’s board of directors and made himself the board’s sole member, according to a company filing Monday with the…

SEC Chair Gary Gensler Doesn’t View Decentralisation as a Fact of Crypto Markets

SEC Chair Gary Gensler Doesn’t View Decentralisation as a Fact of Crypto Markets

US Securities and Exchange Commission (SEC) chair Gary Gensler has stated that he doesn’t view decentralisation as a fact of crypto markets, despite the origins of digital currencies in circumventing centralised authorities. Speaking at the Securities Industry and Financial Markets Association’s (SIFMA) annual meeting on October 24, Gensler acknowledged that…

Three Arrows Capital Said to Face Probes by US SEC, CFTC Over Investor Conduct Violations

Three Arrows Capital Said to Face Probes by US SEC, CFTC Over Investor Conduct Violations

Three Arrows Capital (3AC) is facing a probe by two US authorities in the wake of the firm’s bankruptcy. A recent report reveals that the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are looking into potential investor conduct violations by Three Arrows. The regulators are explicitly…