Bitcoin ETFs flip gold funds in AUM: K33 Research

FinCEN is preparing to modernize its AML requirements for financial institutions to greater respond to the dynamic threats posed by “illicit finance.” The U.S. Financial Crimes Enforcement Network (FinCEN) has announced it will be changing the anti-money laundering (AML) and counter-terrorist financing (CTF) rules within the financial sector.The announcement stated that FinCen will be seeking…

Nearly three weeks have passed since FTX founder Sam “SBF” Bankman-Fried announced that his exchange was facing a deep liquidity crisis, was unable to find a last-minute bailout, and was forced to file for Chapter 11 bankruptcy. The insolvency impacted millions of investors, leaving many portfolios completely wiped out.Bankman-Fried has openly admitted that FTX loaned…

United Kingdom-based trading platform eToro has conducted a successful trial of issuing tokenized assets on Facebook’s Libra protocol. The company confirmed the results in a blog post on June 20.According to a Github repository detailing its activities, eToroX, the firm’s recently-launched innovation and research offshoot, managed to debut its eToken on Libra.eToken is the technology…

What are reciprocal tariffs? Reciprocal tariffs might sound like textbook trade jargon, but the idea is pretty straightforward: If one country slaps tariffs on your goods, you hit back with the same. Think of it as a tit-for-tat strategy in global trade — a way for governments to say, “If you’re charging our exporters 20%

In just 22 years, generative AI may be able to fully automate half of all work activity conducted today, including tasks related to decision-making, management, and interfacing with stakeholders, according to a new report from McKinsey & Co.The prediction came from the management consulting firm report on June 14, forecasting 75% of generative AI value…

Bitcoin mining company TeraWulf has fired up a new “behind the meter” mining facility powered by 100% nuclear power in Pennsylvania. 368 Total views 30 Total shares Own this piece of history Collect this article as an NFTUnited States-based Bitcoin mining company TeraWulf has fired up a new crypto mining facility in Pennsylvania — solely…

To use the tokens, users will need to verify their identity through phone and video identification, and load their wallet with real euros. 405 Total views 3 Total shares Own this piece of history Collect this article as an NFTThe financial sandbox ar of the Bank of Spain, or Banco de España, has reportedly approved…

While tZERO’s net revenues have nearly doubled year-over-year, Overstock’s fledgling security token exchange is still far from profitable. 1158 Total views 15 Total shares Despite explosive third-quarter growth in the security token sector, Overstock’s Q3 2020 earnings report reveals that its tZERO alternative trading system (ATS) has continued to lose money.The ATS specializes in security…

The judge also declined to declare the CEL token “not a security,” despite related rulings in the SEC v. Ripple case. 222 Total views 2 Total shares Judge Martin Glenn shot down efforts to have a special shareholders class declared in the Celsius Network bankruptcy case in a court document filed on Aug. 25. The…