{
}
Departing SEC Chair Gary Gensler has warned that the cryptocurrency market is "rife with bad actors," highlighting ongoing compliance issues and the need for regulation. During his tenure, he oversaw 100 enforcement actions against fraud and non-compliance, asserting that most digital currencies qualify as securities. Gensler emphasized his commitment to investor protection and market integrity, countering claims of being anti-crypto by referencing his academic background in blockchain technology.
CleanSpark has become the fourth public Bitcoin mining firm to hold over 10,000 BTC, now possessing 10,097 Bitcoin, a 236% increase year-over-year. The company emphasizes responsible scaling and risk management, having only sold 12.65 BTC in December while mining 668 BTC that month. Despite a 5.8% drop in shares amid market downturns, CleanSpark's operational efficiency has improved, with a hashrate increase to 39.1 exahashes per second.
Ira Auerbach, former head of digital assets at Nasdaq, has joined Offchain Labs to lead Tandem, the venture capital and partnership division of Arbitrum, focusing on Ethereum scaling. His extensive background in finance and crypto will support selected projects with technical expertise and funding.The Arbitrum Foundation is intensifying its efforts in Asia with the "Road to Devcon" initiative, aiming to engage local developer communities ahead of Devcon 2024 in Bangkok. Meanwhile, Franklin Templeton has launched a blockchain-based money market fund on Arbitrum, highlighting the growing intersection of traditional finance and crypto.
A Bitwise survey reveals that 56% of US financial advisers are more inclined to invest in crypto following Donald Trump's election victory, anticipating a more crypto-friendly environment. While 99% of current crypto investors plan to maintain or increase their exposure, access remains a significant barrier, with only 35% able to buy crypto for client accounts. Additionally, Bitcoin reserves held by US entities have reached an all-time high, surpassing those held offshore by 65%.
Elon Musk celebrated the appearance of a popular DOGE meme during a Senate speech by Senator Joni Ernst, who chairs the Senate DOGE Caucus. Ernst emphasized the significance of the newly formed "Department of Government Efficiency," which Musk will lead alongside Vivek Ramaswamy, aiming to tackle federal overspending and regulations. Despite the buzz, Dogecoin's price fell by 4.56%, trading at $0.326.
Block Inc. may become the first company with an explicit Bitcoin strategy to be listed in the S&P 500, as it meets the necessary criteria for inclusion, according to VanEck's Matthew Sigel. The firm allocates 10% of its monthly Bitcoin gross profits to investment, distinguishing it from other companies like Tesla. Block, founded by Jack Dorsey, is the eighth-largest corporate holder of Bitcoin, with 8,363 BTC valued at approximately $775 million.
Ripple has launched its enterprise-grade stablecoin, Ripple USD (RLUSD), on Bitstamp, enhancing global liquidity with key trading pairs including RLUSD/EUR and RLUSD/BTC. Pegged to the U.S. dollar and fully backed by cash equivalents, RLUSD aims to facilitate payments, tokenization, and decentralized finance. The stablecoin is also supported on the XRP Ledger and is expected to expand to additional platforms, potentially boosting XRP's liquidity and utility in the market.
Intellia Therapeutics is set to reduce its workforce by 27% as it aims for a commercial launch in 2027. This decision comes amid a trend of layoffs in the CRISPR sector, reflecting a growing reluctance from investors towards gene editing technologies.
The upcoming US non-farm payroll data is pivotal for the dollar's trajectory, with UBS predicting a rise of 180,000 jobs in December. A significant deviation from this expectation, particularly a drop below 100,000 or an unemployment rate above 4.4%, could lead to sharp fluctuations in the dollar, potentially triggering market pricing for multiple Fed rate cuts. Despite recent dollar strength, concerns about fully priced-in favorable factors may limit future gains, while Trump's "Maganomics" agenda is expected to provide long-term support for the currency.
Outgoing SEC Chair Gary Gensler has warned that most cryptocurrency projects, including XRP, are likely to fail due to regulatory challenges and bad actors in the industry. He emphasized the need for stricter regulations on altcoins and intermediaries, while acknowledging the SEC's efforts against firms like Ripple and Binance. As he prepares to leave, the SEC is set to file its opening brief in the ongoing SEC v Ripple case by January 15, marking a pivotal moment in the agency's regulatory approach.
USA
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
SEC Chair warns of risks and bad actors in cryptocurrency market
Ripple USD USD
USA
Gary Gensler
Tom Emmer
Donald Trump
David Gurarie
Brad Garlinghouse
Jay Clayton
Show more
05:45 10.01.2025
cleanspark becomes fourth bitcoin miner to surpass ten thousand bitcoin holdings
Bit Digital, Inc.
MARA Holdings, Inc.
CleanSpark, Inc.
Riot Platforms, Inc.
USA
Gary Vecchiarelli
Zach Bradford
Show more
04:49 10.01.2025
Arbitrum taps former Nasdaq chief to lead venture capital initiatives
United States Dollar
BGC Partners LP
Galaxy Digital Holdings Ltd.
Palantir Technologies Inc.
Franklin Templeton - Franklin M
GEMINI INV
BNP Paribas SA
Silvergate Bank BANK
Nasdaq 100 Mar 25
USA
IDN
Ira Auerbach
Tony Paquette
Ben Reynolds
Show more
04:37 10.01.2025
financial advisers more inclined to invest in crypto after trump victory
03:45 10.01.2025
Elon Musk celebrates Dogecoin meme's appearance in US Senate discussion
03:43 10.01.2025
block poised for potential s and p 500 inclusion with bitcoin strategy
03:38 10.01.2025
Ripple launches RLUSD stablecoin on Bitstamp enhancing global trading liquidity
United States Dollar
Euro
BitSong USD
Chainlink USD
Ripple USD USD
USA
Brad Garlinghouse
Monica Long
Show more
03:30 10.01.2025
Intellia therapeutics announces 27 percent workforce reduction ahead of 2027 launch
02:22 10.01.2025
us dollar faces pivotal moment ahead of crucial non-farm payroll data
01:49 10.01.2025
Gensler warns of crypto project failures amid regulatory challenges and legal battles
Coinbase Global, Inc.
Ripple USD USD
USA
Gary Gensler
Do Kwon
Sam Bankman-Fried
David Gurarie
Brad Garlinghouse
Jay Clayton
Show more
01:14 10.01.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Finance Mergers & Acquisitions
Hedge Funds & Private Equity
Global Trade Developments
Global Financial Events
Market Analysis and Predictions
Financial Scams and Security
Government Policies
Banking Regulations
Startups & Entrepreneurship
CEO Changes
Industry Mergers & Acquisitions
Economic Sanctions
Retail and Consumer Goods
Central Bank Actions
Workplace Trends
International Relations
Government Economic Policies
Countries:
Companies:
JPMorgan Chase & Co.
Tesla, Inc.
The Goldman Sachs Group, Inc.
Wells Fargo & Company
Apple Inc.
Bank of America Corporation
Barclays PLC
Citigroup Inc.
Morgan Stanley
Berkshire Hathaway Inc.
Microsoft Corporation
SpaceXCoin USD
The Charles Schwab Corporation
AMERICAN EXPRESS
Amazon.com, Inc.
U.S. Bancorp
UBS Group AG
Banco Santander, S.A.
Deutsche Bank Money Market PP
Google Inc.
Currencies:
United States Dollar
Euro
Indian Rupee
Chinese Yuan
Japanese Yen
British Pound Sterling
South Korean Won
Swiss Franc
United Arab Emirates Dirham
Canadian Dollar
Israeli New Shekel
Swedish Krona
Mexican Peso
New Taiwan Dollar
Egyptian Pound
People: