SEC boss worries crypto bill undermines financial protections

[ad_1] United States Securities and Exchange Commission (SEC) Chairman Gary Gensler said he’s worried that a proposed bill to create a regulatory framework for cryptocurrencies could weaken investor protections in the traditional financial market.Speaking at The Wall Street Journal’s CFO Network Summit on June 14 Gensler was asked his thoughts regarding a recent bill introduced on June 7 by Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY).He responded saying “we

Lacoste’s luxury DAO, Bill Gates slams Bored Apes and more…

[ad_1] Lacoste launches NFTs and DAOAccessible luxury brand Lacoste has launched an NFT project named “Undw3” that includes a new decentralized autonomous organization (DAO) that will offer token holders voting power on certain products and business partnerships.There are 11,212 NFTs in total — in a nod to the firm's popular polo shirt L1212 — that were sold for a mint price of 0.08 Ether (ETH) or roughly $96 a pop

Is the bottom in? Raoul Pal, Scaramucci load up, Novogratz and Hayes weigh in

[ad_1] Some of the highest-profile investors in crypto believe that a crypto market bottom is fast approaching — although one still warns of catastrophic outcomes should prices fall below established support levels. Billionaire Mike Novogratz, the founder, chairman and CEO of digital asset merchant bank Galaxy Digital Holdings told a Morgan Stanley conference on June 13 that cryptocurrencies may be close to a bottom, with Ethereum (ETH) likely to hold at

SEC reportedly launches investigation into insider trading on exchanges

[ad_1] The Securities and Exchange Commission (SEC) has reportedly launched a probe to discover how crypto exchanges are working to prevent insider trading.FOX Business reported on June 15 that a person with direct knowledge of the SEC’s activities said that the commission had sent a letter to a major crypto exchange requesting information about how the platform protects users from insider trading. The source believes the same letter has been

Cryptocurrency Down Trend Continues As Crypto Market Cap Falls Below $1 Trillion

[ad_1] The crypto market's woes continue to grow stronger and more oppressive, as the industry’s almost $3 trillion market cap has fallen to under $1 trillion. With the downtrend picking up more steam, bitcoin, ethereum and other altcoins are struggling to maintain themselves. In November of last year, the entire crypto market was at a market cap high of $2.8 trillion. However, in just six months, this value has plummeted.