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SEC initiates legal action against FTX’s auditor

SEC initiates legal action against FTX’s auditor

The United States Securities and Exchange Commission (SEC) has commenced legal proceedings against an accounting firm that had provided services to cryptocurrency exchange FTX prior to its bankruptcy declaration.According to a September 29 statement, the SEC alleged...

Brazil rolls out blockchain-based digital ID

Brazil rolls out blockchain-based digital ID

Over 214 million Brazilians will soon be using blockchain technology for digital identity, the government recently announced.Rio de Janeiro, Goiás, and Paraná will be the first states to issue identification documents on-chain through a private blockchain developed by...

Expect new crypto regulations to follow Bitcoin ETFs

Expect new crypto regulations to follow Bitcoin ETFs

Aside from liquidity, what do institutions bring to crypto? What precisely is their value added? This is an instructive question to ponder, because there is little consensus on what deeper institutional participation means for an industry that is riven with...

Is Character AI Safe? An In-Depth Analysis

Is Character AI Safe? An In-Depth Analysis

Character AI, a top 50 GenAI web product, allows users to design and engage with virtual characters, gaining popularity among Gen Z. However, concerns about safety, privacy, and data security remain. The platform has strict policies against NSFW content, age...

Digital Currency Market Live Pricing

Why Invest in Crypto?

Like it or not, cryptocurrency is practically everywhere these days and no longer just for day traders and nerds. In fact, many traditional businesses are integrating cryptocurrency into their platforms in some form, or using it as a means to launch other types of products. If you’re looking to invest or would like to explore other options follow the button to learn about Crypto Exchanges.

Sam Bankman-Fried’s lawyer challenges US gov’t proposed jury questions

The lawyer representing Sam Bankman-Fried, the former CEO of the now-defunct crypto exchange FTX, has claimed that the proposed jury questions for the upcoming fraud trial will elicit biased responses.In a court filing on Sept. 29, lawyer Mark Cohen, who is...

Do Kwon dismisses Slack chat records as irrelevant evidence

Terraform Labs co-founder Do Kwon has contested the significance of exposed Slack messages presented as evidence. The chat involved discussing manipulating transactions to attract investors with co-founder Daniel Shin.The United States Securities and Exchange...

Crypto Biz: Kraken offers stock trading as exchanges adapt to changing regulations

Cryptocurrency exchanges are adopting alternative strategies to conduct business in the face of tighter crypto regulatory environments worldwide. Signs are everywhere.Kraken is reportedly moving to offer securities trading in the United States and the United...

Industry leaders and policymakers weigh in on a potential US gov’t shutdown

The United States House of Representatives has rejected a bill passed by the Senate aimed at funding the government, and Speaker Kevin McCarthy’s proposals have so far failed to gain traction with hard-right lawmakers in the House — all actions suggesting that the...

Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

The United States economy has been facing turbulent times lately, with the U.S. Personal Consumption Expenditure (PCE) inflation index rising by a significant 3.5% over the past 12 months. Even when excluding the volatile food and energy sectors, it’s evident that the...

Pond0x DEX claims $100M in trading volume as critics allege it’s a scam

The Pond0X decentralized exchange (DEX) has reached more than $100 million in total trading volume, according to a Sept. 28 social media post from its official channel. Investors previously lost over $2 million in the launch of the exchange’s native token, PNDX, when...

Chainlink multisig rules face speculation, Mixin offers $20M bounty: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The past week in DeFi was dominated by developments in some of the OG DeFi...

Georgia preparing limited live CBDC pilot, considering Ripple among tech providers

The National Bank of Georgia (NBG) has announced that it will advance its research on a digital lari central bank digital currency (CBDC) in a limited-access live pilot environment. Nine companies, including Ripple Labs, will take part in the project, and one of them...

Invesco Galaxy applies for spot Ether ETF

Asset managers keep pursuing digital asset products, with Invesco and Galaxy Digital allegedly filing for a spot Ether (ETH) exchange-traded fund (ETF) on Sept. 29. Bloomberg ETF analyst James Seyffart disclosed the filing on X (formerly Twitter), even though the...

Costo sells out of gold bars, but is it a better investment than Bitcoin?

Costco has made headlines this week after it rapidly sold out of gold bars. In times of economic uncertainty and rising inflation, it's no surprise that investors are turning to traditional safe-haven assets like gold. The question is whether gold’s performance will...

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