Social media buzzed with claims on August 2 that China banned cryptocurrency ownership, briefly sending Bitcoin below $113,000. These unconfirmed reports come as China continues to expand its government-backed digital yuan. Several accounts, including @Rawsalerts, shared posts claiming China “officially banned cryptocurrency trading, mining, and related services.” The market reacted quickly but cautiously, with Bitcoin ...
President Donald Trump has appointed Caroline Pham as Acting Chair of the Commodity Futures Trading Commission (CFTC), marking a significant shift in U.S. cryptocurrency regulation. The Republican commissioner, who received unanimous support from her colleagues, steps in as Rostin Behnam prepares to depart on February 7, 2025. Pham’s appointment comes as Trump has promised to ...
President-elect Donald Trump named Scott Bessent, 62, as Treasury Secretary on Friday, selecting a Wall Street veteran who manages the billions of dollar Key Square Capital Management fund. The appointment comes as the dollar hit a one-year high and Trump prepares to implement a sweeping economic agenda including 60% tariffs on Chinese goods and 10% ...
The SEC filed a lawsuit against Coinbase for not registering as a broker, exchange, or clearinghouse of securities. As a result of the lawsuit, Coinbase’s share price dropped by a fifth when markets opened.The day before the SEC sued Coinbase, it also sued Binance, the world’s largest crypto exchange, alleging that it offered securities-trading services ...
