Fed Issues Enforcement Action Order Against Farmington State Bank Over Improper Cryptocurrency Activities
The Fed issued an enforcement action order against Farmington State Bank. In 2022, the counterparty began conducting cryptocurrency transactions without notifying authorities. Then Alameda Research bought an $11.5 million stake in the organization. Th ...
CEO of Van Eck Associates Predicts Lateral Movement in 2023 with Possible Bull Cycles for Bitcoin and Gold
During an episode of Closing Bell: Overtime on CNBC, the CEO of Van Eck Associates expressed his belief that the current uncertainty in the banking system is temporary and that both bitcoin and gold could be at the beginning of a new bull cycle that could last for several years. However, Jan Van ...
Circle Urges US Congress to Develop Stablecoin Regulations
Circle, the company behind the popular USDC stablecoin, is urging the US Congress to take swift action in creating regulatory guidelines for stablecoins. Dante Disparte, the director of strategic development at Circle, emphasized that despite constant discussion about the risks associated with st ...