As Gary Gensler prepares to leave his post as Chair of the Securities and Exchange Commission (SEC), his tenure has sparked heated debate within the cryptocurrency community. Gensler’s vocal skepticism toward the crypto industry has raised eyebrows, drawing ire from various stakeholders who feel increasingly marginalized under his regulatory approach. In a recent interview with
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In the ever-evolving landscape of cryptocurrency, fluctuations and volatility often become the norm rather than the exception. As we delve into the current state of the market, it’s apparent that Bitcoin (BTC) has faced a significant downturn, with a drop of approximately 9% over a mere 48 hours. This torturous descent is not isolated, as
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On January 9, news broke that the US government would proceed to liquidate a substantial amount of Bitcoin, approximately 69,000 BTC, derived from seizures related to the infamous Silk Road darknet marketplace. This liquidation, valued around $6.5 billion, was sanctioned after a federal judge’s ruling on December 30, granting the Department of Justice (DoJ) the
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The collapse of FTX, once a titan in the cryptocurrency exchange landscape, sent shockwaves through the financial world. In a dramatic turn of events, the exchange filed for bankruptcy, revealing serious operational and governance flaws. As part of the bankruptcy proceedings, FTX sought to disentangle itself from numerous liabilities and obligations, including those associated with
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Recently, Bitcoin experienced a thrilling ride, capturing the excitement of investors by surging above the $100,000 mark. This milestone, however, was fleeting, as the cryptocurrency quickly capitulated back below this psychological barrier approximately 24 hours later. The dramatic rise, largely triggered by significant purchases from MicroStrategy, ignited a wave of optimism in the crypto community.
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In a significant development for the cryptocurrency sector, Gemini Trust Co. has reached a $5 million settlement with the Commodity Futures Trading Commission (CFTC) to resolve a lawsuit that accused the firm of misrepresentation during its bid to introduce the first U.S.-regulated Bitcoin futures contract. This resolution, revealed through a proposed consent order in the
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