Page 189 - Crypto News Today

CFTC Chair Rostin Behnam says that "under existing law, many of the tokens constitute commodities."

He left the NYSE for SPAC riches, then pivoted to crypto just before the market peaked. Now Tom Farleys running the crypto exchange his SPAC failed to buy, and scooping up distressed digital assets.

The 76-year-old legal expert also disclosed how Bankman-Fried made things all the more challenging when he went off the script during his testimony, eventually making his case "unwinnable."

U.S. authorities said the scam that prompted the seizure involved a crypto-investment fraud known as pig butchering. In such schemes, fraudsters manipulate unsuspecting people they meet online, persuading them to invest in bogus crypto schemes.

Crypto has found its feet in 2023 once again after a brutal 2022. Excitement is building among proponents and investors over the prospects for next year.

Recent accounting rule adoption allows crypto companies and private institutions holding crypto assets to record their tokens at fair value, with changes reflected in net income.

New study reveals the sectors that offer cryptocurrency as payment method and its advantages

Bitcoin down 8% from last week’s year high, steadies near $42kALBAWABA – Bitcoin on Tuesday pared some of its losses from yesterday’s turbulent fall, fo

Bitcoin has bounced pluckily in the face of depressed crypto prices, low trading volumes and tough economic conditions. It even found a second wind in October following a summer slump.

The recent development suggests that the SEC could be ironing out details before finally approving some spot Bitcoin ETF applications.