Some former FTX customers are reportedly unhappy with the bankrupt cryptocurrency company’s repayment plans. More than 80 customers have written to the federal bankruptcy judge overseeing the case to slam a plan to tie the value of their assets to the date FTX collapsed and...
Stablecoin issuer Circle Internet Financial is relaunching its plan to go public. The company confidentially filed paperwork for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC), according to a Thursday (Jan. 11) press release. The number of shares to be...
American regulators have approved bitcoin exchange-traded funds in a victory for the cryptocurrency sector. The Wednesday (Jan. 10) announcement by the Securities and Exchange Commission (SEC) came after years of opposition to the idea of an ETF that invests in bitcoin. The approval was heralded by figures throughout the...
The FBI is reportedly looking into a hacker’s brief takeover of the Securities and Exchange Commission’s (SEC) account on the social media platform X. The SEC said the FBI is investigating the incident, which happened Tuesday (Jan. 9), according to multiple media reports posted Wednesday (Jan. 10)....
The mainstream integration of cryptocurrency is getting sluggish, Andrew Bailey, Bank of England governor, said Wednesday (Jan. 10). Speaking to U.K. Parliament’s Treasury Committee, Bailey said regulators need to “keep a very close eye” on the sector, but noted that the crypto’s integration into mainstream...
The year 2023 proved to be a challenging period for cryptocurrency startups, as scandal and regulatory issues took a toll on fundraising efforts. Venture capital investment in the crypto industry plummeted to just $9.5 billion during the year, less than a third of the previous...
Apple reportedly removed Binance and seven other cryptocurrency platforms from its Indian App Store. The move, requested by the Indian government, marks an escalation in that country’s crackdown on digital asset companies, Bloomberg reported Wednesday (Jan. 10). The exchanges — which also include Bitfinex, HTX...
Hackers took over the SEC’s X account to falsely trumpet the agency’s bitcoin ETF approval. The breach happened Tuesday (Jan. 9), allowing whoever took over the account to erroneously say the Securities and Exchange Commission (SEC) had given its long-awaited blessing to a bitcoin exchange-traded...
Cryptocurrency and FinTech companies were fined $5.8 billion in 2023 for lax financial controls. That figure marks the first time fines against these groups exceed those against traditional finance firms, according to a Financial Times (FT) analysis published Tuesday (Jan. 9). The fines were for...
