Regulation
David Hirsch, head of the SEC’s Crypto Assets and Cyber Unit, said the agency is keeping an eye on other businesses operating similarly to Coinbase and Binance.
Bitcoin
The U.S. central bank is expected to leave the Federal funds rate unchanged on Wednesday but may indicate that it is going to raise rates again later this year.
Business
The fund will focus on Web3, AI and biotech investing.
A federal magistrate judge asked the SEC to narrow its request for information, denying a motion for the securities regulator to inspect Binance.US software.
Blockchain infrastructure and Web3 gaming remain areas of interest for investors despite the broader market chill.
The FTX bankruptcy estate seeks to recover millions of dollars worth of funds from SBF’s parents.
The trading platform said Monday that it was halting some trading amid a wider probe into whether the firm had misled the city’s public about its licensing and other issues.
Citi Token Services will allow institutional clients of the investment banking giant to send funds across borders quickly using smart contracts and blockchain technology.
The largest cryptocurrency by market capitalization has risen more than 7% over the past week amid encouraging economic news from China and the reduced likelihood of an interest rate hike later this week. But one analyst doubts the rally’s staying power.
Researchers from the crypto exchange believe that there are several factors that will reduce the risk of market shocks when FTX eventually unloads its $3.4 billion worth of crypto.
