Crypto

The US Securities and Exchange Commission (SEC) announced Thursday that it will settle charges against Tennessee-based fintech firm Linus Financial over sales of an unregistered cryptocurrency lending product.The regulator declared that it will abstain from imposing civil penalties against Linus Financial due to the firm’s immediate cooperation and prompt remedial…

The U.S. derivatives markets regulator Commodity Futures Trading Commission (CFTC) has charged three decentralized finance (DeFi) protocols, Opyn, Inc., ZeroEx (0x), Inc., and Deridex, Inc. with offering illegal derivatives trading.According to an official statement released on Thursday, these allegations stem from the utilization of blockchain-based protocols and smart contracts by…

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China is planning to showcase its digital yuan to the ASEAN nations, and could seek to make “cross-regional use” of its CBDC in the bloc.Some of the ASEAN (the Association of Southeast Asian Nations) members are politically aligned with China.But others are have closer ties to Washington.Per the China News…

Two leading exchange-traded fund (ETF) providers have set their sights on launching the first spot Ethereum ETF in the U.S. after continued delays from regulators on approving a spot Bitcoin ETF.ARK Invest and asset manager VanEck filed proposals with the Securities and Exchange Commission (SEC) for Ethereum ETFs that would…

A joint policy roadmap released by the Financial Stability Board (FSB) and the International Monetary Fund (IMF) has cautioned against outright bans on cryptocurrencies. The policy paper, commissioned by the G20 under India’s leadership, has emphasized the need for comprehensive regulatory oversight to address risks related to crypto-assets.The IMF-FSB synthesis paper, set to be presented to the…

Prominent Bitcoin (BTC) mining firm Riot Platforms has reported significant cost savings and operational achievements due to an innovative energy strategy that saved the firm around $31 million in August alone.In a press release from Wednesday, CEO Jason Les announced that Riot achieved a new monthly record for Power and…

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