U.S Federal prosecutors seized around $700 million in cash and assets. That was either owned by the defunct cryptocurrency exchange FTX or associated with its founder and former CEO Sam Bankman-Fried, ‘SBF.’ According to a court document filed on Friday, federal investigators in the Southern District of New York have
The US inflation crossed the planned 2% and reached a decade high of 8.9% Crypto and digital assets need regulation similar to banking and capital market ones. On June 22, Federal Chairperson Jerome H Powell presented the Semiannual Monetary Policy Report to Congress. The policy report had statements regarding the
In January 2021, bitcoin gained 14.18 percent in value. BTC investors sold out in response to the US Fed Reserve statement. With increasing bond rates and other government policies taking a toll on bitcoin’s price in January 2022, the most popular cryptocurrency lost more value than in the same month
Lately, there have been many regulation issues popping up in some countries. Few countries have imposed strong laws for regulations on crypto trading and exchange platforms. Likewise, the CFTC has announced that the US federal court has imposed a penalty against a forex broker. The Commodity Futures Trading Commission (CFTC)
Ron Ernest Paul, former congressman and libertarian conservative from the U.S believes bitcoin must be legalized as fiat currencies. Paul is an American author who strongly advocates for the legalization of bitcoin and other digital currencies. His fondness and interest towards bitcoin named him as a “Bitcoin Bull”. Paul strongly
