Tag Archives: SEC

As traders look forward to the release of US Core PCE Price Index data on August 31, the price of bitcoin is fluctuating around $28,000. It is trading exactly at $27,247 at the time of writing. According to the general view, Core PCE inflation will increase by 0.1% and register …

What Changes In The Cryptocurrency Markets Could The SEC Fight Bring About?The US Securities and Exchange Commission filed a new lawsuit against Coinbase on Tuesday, just 24 hours after filing one against Binance. The entire business model of the cryptocurrency sector, according to SEC Chairman Gary Gensler, is “built on …

The Securities and Exchange Commission (SEC) has filed a lawsuit against Binance and its founder Changpeng Zhao, alleging that the exchange violated securities laws and misused investor funds. The lawsuit caused a significant downturn in the cryptocurrency market, with Bitcoin down by -5.90%, Ethereum down by declining by about -5%, …

As increased income from its wealth management division offset declining revenue from its investment banking and trading units, Morgan Stanley’s first-quarter profit exceeded expectations. However, in premarket trade, shares decreased by more than 2%. While wealth management witnessed an 11% increase in revenue and brought in $110 billion in net …

By pointing to increasing momentum in China’s economy and a rebound in aviation, Morgan Stanley has increased its projection for this year’s global oil demand growth by approximately 36%. But, it has also noted greater production from Russia as an offsetting factor. The bank stated in a report dated Tuesday …

Binance’s attempt to acquire bankrupt crypto lender Voyager Digital is facing opposition from the US SEC and financial regulators. The SEC and US Trustee and state regulators from New Jersey and Vermont are concerned assets could be moved offshore. The commission has cast doubt on Binance’s financial ability to go …

Wall Street banks constitute the majority of companies involved in communications and record-keeping investigations conducted by the US Securities and Exchange Commission and the Commodity Futures Trading Commission.Banks have collectively been fined or have set aside more than $1 billion to cover regulatory penalties. This is why asset managers are …

Finally, Securities and Exchange Commission Chairman Gary Gensler has said, on Monday, that bitcoin is the only cryptocurrency he is willing to publicly consider as a commodity, rather than a security.The debate over whether any particular cryptocurrency can be labeled a commodity rather than a security has far reaching implications …

A widely anticipated crypto regulation was unveiled on Tuesday. The draft law provides some long awaited clarity for crypto markets and provided definitions for most digital assets as commodities, giving most of the oversight to the Commodity Futures Trading Commission.Known as the Responsible Financial Innovation Act, the draft law was …

Cryptocurrencies are starting to stabilize after falling in January, and some analysts expect prices to recover this month, especially as several alternative cryptocurrencies (altcoins) outperformed bitcoin over the past week.Trading at $38667.70, Bitcoin’s daily price chart seems to be making a steady recovery pattern, but some concerning indicators are coming …