Page 15 - Dan Berkovitz News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Why US regulation is failing the cryptocurrency test Gary Silverman Share The US is a funny country. We have so many financial regulators that we sometimes wind up without proper financial regulation. Cryptocurrencies represent the latest example. The trade in bitcoin and its brethren has grown too big to be ignored – and yet that is what has happened. No official public data exist on prices, volume or volatility. No single authority regulates crypto exchanges. No one can be certain investors are being properly protected. US regulators view bitcoin as a commodity, but other cryptocurrencies...

Bulls are back, but regulatory fears hamper the DeFi and altcoin recovery Bitcoin is staging a comeback, but the lingering threat of regulation continues to weigh on DeFi tokens and select altcoins. 4389 Total views Market Analysis On May 19, the total cryptocurrency market capitalization nosedived by 19% and has since failed to recover to the $1.8 trillion mark. More than 40 days have passed, and investors have begun to question what could happen to altcoins if the current bear market takes longer than expected to recover. Before digging into that, analysts first need to understand ...

When the Dodd-Frank Act passed in 2010, an urgency existed to enact its many provisions. A decade later, 11 of its rules remain unfinished. Will a change in leadership at the SEC get the law across the finish line?

By Aaron Nicodemus2021-05-27T18:09:00+01:00 Archegos Capital Management, a hedge fund that collapsed earlier this year and cost multiple big banks billions of dollars, is reportedly the subject of an investigation launched by the Department of Justice. Archegos owner Bill Hwang reportedly lost $8 billion over two weeks in March, when risky bets on ViacomCBS and several other stocks soured. The massive stock sell-off that followed caused billions in losses for some of Archegos’ largest lenders, most prominently Credit Suisse, which reported it lost $4.7 billion. Federal prosecutors in Manhat...

Risk.net The burden of US extraterritoriality rules may be easing Three years ago, the then-chairman of the US Commodity Futures Trading Commission, Christopher Giancarlo, embarked on a tour of Asia, during which he apologised for the over-zealous extraterritoriality rules the agency had been responsible for over the years, and promised to do something about them. This stance drove a sharp drop in the basis between LCH and the Japan Securities Clearing Corporation, as the market realised US clients might now be allowed to choose on which platform they clear swaps. The JSCC is not fully reg...