The former CFTC chairman calls Biden’s approach to cryptocurrency regulation “reactionary”

Believers in the transformative power of blockchain have labeled the rise of bitcoin BTCUSD, + 0.18% and other cryptocurrencies a revolution, implicitly placing financial industry incumbents and federal regulators in the role of eager reactionaries. Former Commodity Futures Trading Commission Chairman Chris Giancarlo made the analogy explicit on Tuesday when he called the Biden administration’s … Read more

Bitcoin in the Bank: Traditional lenders try their hand at cryptocurrencies outside the United States

Traditional banks outside the United States are sampling cryptocurrencies, offering customers ways to invest and store bitcoin and other digital assets. Banco Bilbao Vizcaya Argentaria SA BBVA 1.36% —The second largest asset lender in Spain, with operations in Latin America and Turkey — allows customers to hold, buy and sell bitcoin and ether through a … Read more

Cryptocurrency stocks are rallying, challenging Bitcoin’s weakness

Text size Bitcoin’s price has been weak for months. Alexander Uhrin / Dreamstime Some cryptocurrency-related stocks and exchange-traded funds rallied to kick off the new year, shaking off the decline in Bitcoin and its counterparts. The cryptocurrency sector, including Bitcoin miners, exchanges and blockchain-related companies, was generally higher on Monday. Digital Holdings Marathon (ticker: MARA), … Read more

NFTs and SNL: Crypto continues to penetrate the mainstream

Crypto has been a lot in its short history. 2021 was the year it became part of the mainstream. Elon Musk tweeted about it many times. It was parodied on “Saturday Night Live”. The Collins Dictionary is called “NFT”, short for non-fungible tokens, the word of the year. Institutional investors looked for entry-level opportunities and … Read more

2021 is in the books of records: a year of memes, cryptocurrencies and stocks at an all-time high.

Text size This year has seen many stock records, meme craze, a leap in IPOs, and more. Staff illustration; Dreamstime (9) 2021 was a grueling year, perhaps even more grueling than 2020. Measuring the economic fallout of the new coronavirus variants: first Delta and now Omicron, a surge in inflation and a wave of meme … Read more

Foggy regulations challenge cryptocurrencies, says Gemini’s head of compliance

Opaque regulations remain a major challenge for the cryptocurrency industry, according to Elena Hughes, chief compliance officer of the cryptocurrency exchange Gemini Trust Co. She joined NYC-based Gemini in May 2020 after more than a decade of compliance work for traditional financial institutions such as Morgan Stanley and Goldman Sachs Group Inc. Gemini was launched … Read more