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Red Hot Admin
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1 month ago
The US Security and Exchange Commission’s (SEC) Office of Inspector General (OIG) is investigating cryptocurrency-related financial conflicts of interest identified by the accountability group Empower Oversight.
In a Feb. 15 statement, Empower...
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Red Hot Admin
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1 month ago
A seemingly progressive digital asset bill has been approved by the Judiciary Committee in Iowa, introducing significant amendments to the Uniform Commercial Code, explicitly aiming to integrate digital assets and electronic records into commercial t...
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Red Hot Admin
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1 month ago
Artificial intelligence (AI) bots are gaining popularity for trading cryptocurrencies. Which are the best AI bots for crypto trading, and is it worth trying them?
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Red Hot Admin
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1 month ago
Brian Nelson, Undersecretary for Terrorism and Financial Intelligence at the US Department of the Treasury, provided critical testimony to Congress on Feb. 14, challenging widely held beliefs about the role of crypto in funding terrorist activities....
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Red Hot Admin
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1 month ago
News anchor Joe Kernen defended Bitcoin in a spirited exchange with SEC Chair Gary Gensler during an interview on CNBC’s “Squawk Box” on Feb. 14 after the regulator questioned the flagship crypto’s decentralized nature.
The co...
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Red Hot Admin
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1 month ago
The US Treasury Department’s Office of Terrorism & Financial Intelligence (TFI) wants enhanced tools and authorities to combat illicit fund movements facilitated by crypto. TFI Under Secretary Brian Nelson presented this request in a prepar...
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Red Hot Admin
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1 month ago
Japan’s Financial Services Agency (FSA) has proposed new measures to bolster user protection against illicit transactions to crypto exchange platforms, according to a Feb. 14 recommendation to Japanese banks.
The directive emphasized the need f...
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Red Hot Admin
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1 month ago
Cathie Wood, CIO and CEO of Ark Invest told the Wall Street Journal on Feb. 13 that she expects regulators to approve ETFs for very few cryptocurrencies.
During the Wall Street Journal’s “Take On the Week” podcast, Wood said:
“...
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Red Hot Admin
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1 month ago
Executives at three asset management firms agreed during a Feb. 13 panel discussion that pending spot Ethereum ETFs have a 50% chance of approval this May.
Matt Hougan, Global Head of Research for Bitwise Asset Management, said
“I think it’s pr...
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Red Hot Admin
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1 month ago
The New York Attorney General’s Office (NYAG) raised its fraud claims against Digital Currency Group (DCG) and related parties on Feb. 9.
The NYAG’s lawsuit originally alleged over $1 billion in losses; however, it has been amended to inc...
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Red Hot Admin
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1 month ago
Treasury Secretary Janet Yellen called on Congress to enact stricter regulatory measures for cryptocurrencies and to maintain vigilance on deploying artificial intelligence (AI) in financial services during her latest testimony before the Senate Bank...
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Red Hot Admin
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1 month ago
In an era marked by rapid technological evolution, the finance function within businesses stands at the forefront of digital transformation in the Asia Pacific (APAC).
This shift is not merely about adopting new technologies; it’s about reimag...
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Red Hot Admin
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1 month ago
Bakkt Holdings said in a press release on Feb. 8 that it is “confident” it will continue operating despite expressing concerns earlier over its liquidity in a regulatory filing.
Bakkt wrote that “management remains confident”...
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Red Hot Admin
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1 month ago
Several Republican senators have criticized the SEC’s recent mishandling of the DEBT Box case as “unethical” and raised questions about the watchdog’s regulatory approach under the leadership of chair Gary Gensler.
The five se...
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Red Hot Admin
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1 month ago
The U.S. Treasury Department said on Feb. 8 that its latest risk assessments show that virtual assets currently represent a small fraction of total money laundering flows compared to fiat currencies; however, they are becoming an increasing concern f...