Former Bitcoin Exchange Operator Arrested: SEC Charges Him With Fraud - cyptoranking.com

2024-05-14

Popular crypto exchanges(2023 Update) 2024-05-14
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When asked about future contributors to inflation, Hayes zoned in on the $7.75 trillion in US debt that must be rolled over by 2026 and the yield curve inversion in US bonds. doesn’t repeat itself but it sure does rhyme”, and I think this applies to cycles too. Nothing is ever a 100% replication of anything that happened before, but it can give us a rough estimate of what might happen. Former Bitcoin Exchange Operator Arrested: SEC Charges Him With FraudValkyrie Investments receives SEC approval to launch the first Ethereum futures ETF in the United States.Photo by Zoltan Tasi on UnsplashToday, Nashville-based asset management firm Valkyrie Investments secured approval from the U.S. Securities and Exchange Commission (SEC) to launch the first-ever exchange-traded fund (ETF) for Ethereum futures. This could mark an important milestone for digital asset investment in the United States.The SEC's decision comes as the regulatory body is slowly opening up to the crypto market. In October 2021, the SEC allowed the trading of Bitcoin ETFs priced off futures contracts. Valkyrie Investments is now part of a select group of firms that offer crypto-related ETFs, building on its existing Bitcoin Mining ETF.Rising Competition in the Ether ETF SpaceValkyrie Investments is not alone in its pursuit of establishing Ethereum futures ETFs. Eight other issuers, including VanEck, Grayscale Investments, and Bitwise, have filed applications with the SEC. These firms look to capitalize on the growing demand for Ethereum, which currently holds the title of the world's second-largest digital asset.Beyond Ethereum futures ETFs, Valkyrie Investments, along with Wall Street giants like BlackRock and Fidelity, is also exploring the possibility of introducing a spot Bitcoin ETF. A spot ETF would enable a broader array of investors to gain exposure to Bitcoin's spot price instead of its future value, which is currently only accessible to accredited investors. So far, the SEC has been hesitant to approve this type of ETF, citing regulatory concerns.Accelerated Approval Amid Government Shutdown ConcernsInterestingly, Valkyrie had initially planned to roll out its fund on October 3. However, concerns over a potential U.S. government shutdown prompted the SEC to fast-track the approval process for Ethereum futures ETFs. If Congress fails to agree on funding, the government could cease most operations, affecting nearly two million federal workers and possibly disrupting SEC activities.Valkyrie's Chief Investment Officer, Steven McClurg, expressed satisfaction with the SEC's decision in an interview with Fox Business. "We are thrilled to be the first to offer ether futures to our investors as interest in the asset has grown exponentially over the past year," he said.The firm plans to convert its existing Bitcoin futures ETF into a combined fund offering both Bitcoin and Ethereum futures, with trading set to begin today.The SEC's accelerated approval timeline also hints at the agency's attempt to maintain market stability in case of a government shutdown. Earlier this week, the SEC delayed decisions on other spot Bitcoin ETF applications, including one from Ark 21Shares, a fund owned by tech investor Cathie Wood.On the legislative front, SEC Chairman Gary Gensler urged companies planning to go public to expedite their efforts before a possible government shutdown. A shutdown would force the agency to operate with a reduced workforce, affecting its ability to oversee the markets and public offerings.The SEC's approval of Valkyrie Investments' Ethereum futures ETF represents another step toward the maturation of the crypto market in the U.S. While the SEC remains cautious, particularly concerning spot ETFs, it has shown a willingness to accommodate futures-based products. With other firms lining up to offer similar products, competition in the Ether ETF space is bound to intensify.US SEC Would Likely Let Ethereum Futures ETFs Go Live Next Week: Bloomberg Intelligence Analyst Faus soon after leveraged the 15-minute film to sell NFT passes, in the aim of raising funds for a feature-length version of the same story. The NFTs were a success, raising a $750,000 production budget; they offered holders behind-the-scenes access to the film’s production as well as control, via a decentralized autonomous organization (DAO), over a portion of the film’s eventual proceeds.

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Notable industry giants such as Take-Two Interactive, Nexon, Bandai Namco, Konami Holdings, Krafton, Square Enix, and Ubisoft are among those pioneering the blockchain gaming space. “For emerging markets such as Ukraine, cryptocurrencies have the potential to act as a reliable store of value, reduce cross-border transaction costs, and boost financial independence. In addition to helping with war efforts, cryptocurrency donations are likely to encourage increased adoption and strengthen an economy that has otherwise been hampered by the war,” the report reads. How Nigeria Became the Second-Largest Bitcoin P2P Market in the WorldOther Important Developments How Does Consensus Algorithm Work in Blockchain Network?

Bitcoin ETF impact on volatility Altcoin Report from Analytics Company How to Buy Dogecoin (DOGE) in 2022: Things You Must Know— John Reed Stark (@JohnReedStark) October 4, 2023 OP Lab’s fault-proof system will be entirely open-source, and a bug bounty will be put in place, according to Floersch.Circle and Noble bring native USDC to Cosmos via CCTP

Five days ago, Coin Edition reported a fraudster scammed four Friend.tech users via a SIM-swapping security breach. Photo by Frederick Warren on UnsplashThe U.S. Department of Labor released new data today showing a 0.6% increase in the consumer price index (CPI) for August. This is the largest monthly rise in U.S. inflation so far this year. The report showed that prices have gone up by 3.7% compared to August of last year, slightly higher than what economic analysts had predicted.The CPI is used to measure the average change over time in the cost of goods and services. Economic analysts, who were polled by Dow Jones, had predicted the increases to be 0.6% and 3.6% respectively.Energy Costs Contribute Significantly to US InflationWhen food and energy prices are set aside, the core CPI saw an uptick of 0.3% for the month and 4.3% year-over-year. This core index is given more attention by Federal Reserve officials because it offers a clearer picture of long-term inflation trends. During August, energy prices saw a rise of 5.6%, which included a substantial 10.6% jump in gasoline prices.Food prices went up by 0.2%, while the costs related to housing, which accounts for roughly a third of the CPI's weight, rose by 0.3%. The rent for primary residences increased by 0.5% and showed a 7.8% hike compared to last year. The owners equivalent rent, a metric that assesses what homeowners think they could charge for rent, rose by 0.4% for the month and 7.3% for the year.The report also revealed that airfares increased by 4.9%, although they are still 13.3% lower than they were a year ago. Prices of used vehicles, which played an important role in boosting the inflation rate in 2021 and 2022, dropped by 1.2% and are now 6.6% lower year-over-year. Transportation services experienced a 2% increase in August.Housing's Role in Inflation RateAccording to Lisa Sturtevant, the chief economist at Bright MLS, if housing costs were excluded from the CPI, the annual inflation rate would only be around 1%.“Housing continues to contribute an outsized share to the inflation measures,” Sturtevant said to CNBC. “Rent growth has slowed considerably and median rents nationally fell year-over-year in August. ... However, it takes months for those aggregate rent trends to show up in the CPI measures, which the Fed must take into account when it takes its ‘data driven’ approach to deciding on interest rate policy at their meeting ... later this month.”After the release of the inflation report, stock market futures initially dipped but later recovered. Treasury yields also saw an upward movement. Meanwhile, the rise in US inflation affected workers' earnings. Real average hourly earnings dropped by 0.5% in August, even though they are still 0.5% higher than last year.Federal Reserve's Approach to Tackling InflationRecent remarks suggest that Federal Reserve officials are in the process of developing a long-term strategy to address the issue of inflation. Since March 2022, the central bank has increased its benchmark borrowing rate by 5.25 percentage points to control inflation, which reached a peak not seen in over four decades last summer. Recent statements from officials suggest a more balanced view on the risks and a greater caution concerning future rate increases.“Overall, there is nothing here to change the Fed’s plans to hold interest rates unchanged at next week’s [Federal Open Market Committee] meeting,” wrote Andrew Hunter, deputy chief U.S. economist at Capital Economics.Market predictions for future Federal Reserve actions are fluctuating, with traders estimating about a 40% chance for another rate hike in November, based on data from CME Group.The latest data provides a comprehensive snapshot of where the economy stands with regard to inflation. While market reactions have been mixed, the figures underline significant shifts in various sectors, from energy to housing. Federal Reserve officials and market analysts will undoubtedly keep a close eye on these developments as they consider future policy actions. The fluctuations in sectors like housing and transportation services bring additional layers to the inflation discussion, making the coming months crucial for understanding long-term economic trends.Crypto Industry Turns to Customers Bank as Preferred Partner Amidst Collapse of Silvergate, Signature How To Buy Bitcoin-Step by Step Guide to the Currency of ...But here’s the twist — what may spell bad news for financial markets could be good for the broader economy. The Federal Reserve holds a pivotal role in shaping the path for risk assets, and it has just two more meetings before the end of the year. Should the Fed decide to suspend further rate hikes, it could act as a catalyst, triggering market anticipation of an impending rate cut. This anticipation could, in turn, set the stage for a massive risk-on rally across various asset classes, including cryptocurrencies. Mining algorithms are the backbone of blockchain-based networks like Bitcoin and other protocols.

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