Genesis Global Pays $8M, Loses BitLicense in NYDFS Settlement
Genesis Global Trading has settled with the NYDFS for violating anti-money laundering and fraud rules, agreeing to pay $8 million and surrender its BitLicense. Genesis Global Trading, a crypto trading firm, and Digital Currency Group (DCG) subsidiary, has reached a settlement agreement with the New York Department of Financial Services (NYDFS) over significant compliance violations. […]
Justin Sun Celebrates Spot Bitcoin ETFs, Predicts China’s Entry
Tron founder Justin Sun has praised the SEC’s approval of spot Bitcoin ETFs in the U.S. and predicted that China and other Asian markets will follow suit. Justin Sun, the founder of Tron, a blockchain platform that supports smart contracts and decentralized applications, has celebrated the SEC’s approval of spot Bitcoin ETFs with the crypto […]
Former FTX CEO Hires New Lawyers, May Appeal Fraud Conviction
Sam Bankman-Fried, the ex-CEO of FTX, has changed his legal representation and filed a sealed document ahead of his sentencing for seven counts of fraud and money laundering. Sam Bankman-Fried, also known as SBF, the former CEO of the cryptocurrency exchange FTX, has informed the federal court that he has hired new lawyers to defend […]
India’s Central Bank Chief Warns of Crypto Risks, Unveils CBDC Plans
Shaktikanta Das, the governor of the Reserve Bank of India, reaffirmed his skepticism of cryptocurrencies and revealed the country’s progress in developing its own digital currency. India’s central bank governor, Shaktikanta Das, has reiterated his caution on the dangers of cryptocurrencies while also disclosing the country’s vision for its central bank digital currency (CBDC). Speaking […]
Goldman Sachs Endorses Spot Bitcoin ETFs as Boon for Institutional Investors
Goldman Sachs has published a report highlighting the benefits and challenges of spot bitcoin ETFs, which were approved in the U.S. and will start trading today. Spot bitcoin ETFs, or exchange-traded funds that track the price of the world’s largest cryptocurrency, have finally received the green light from the U.S. regulators after a decade of […]