U.S. District Judge Gregory Van Tatenhove sentenced Anurag Pramod Murarka, a 30-year-old Indian national, to 121 months in prison for conspiracy to launder money, according to a Department of Justice announcement. Murarka is a 30-year-old international virtual currency provider operating under two nicknames ("elonmuskwhm" and "la2nyc")...
House Republicans in the United States are looking for ways to avoid a government shutdown after their second appropriations proposal was defeated Thursday night. It is now hours away from the Friday deadline. House Speaker Johnson said earlier Friday that Republicans have reached a Plan C to avoid a government shutdown and plan to vote soon. Senate Republicans have called two proposals they witnessed in the House to fund the government through Christmas a "mess...
Fitch says one way to try to see through US employment volatility is to add the Bureau of Labor Statistics (BLS) estimate of the impact of the strike (44,000) to October's employment growth data, and then take a three-month moving average, which is 119,000, a slowdown from the monthly average of 207,000 in the first half of the year, but far from a sharp decline. Given broader evidence of continued consumer power, the Fed is unlikely to give high priority to the overall 12,000 figure.
The UK's Financial Conduct Authority (FCA) has defended its approach to regulating the crypto industry, responding to criticism that its measures are "too harsh" and threaten to stifle innovation. Val Smith, head of payments and digital assets at the FCA's authorised division, stressed the importance of maintaining strict standards to protect consumers and preserve the integrity of financial marekts in an article published on its website on October 21. "Loosening our standards and triggering a r...
The Seoul District Court in South Korea sentenced Park Byung-gon, the main person responsible for Ado International's investment recruitment scheme, to five years in prison. Park Byung-gon was accused of carrying out a fraud scheme 400 billion won (about 294 million US dollars) through virtual assets.
On October 10th, the Ministry of Justice and the National Development and Reform Commission: Support private economic organizations to revitalize existing assets in various ways, improve reinvestment capacity, and improve asset quality and efficiency. People's governments at all levels and their relevant departments support private economic organizations to participate in government and social capital cooperation projects. Government and social capital cooperation projects shall reasonably set u...
Judge Ann Marie McKeefe Allen of the US District Court for the District of Utah said the Securities Exchange Commission (SEC) had sufficiently charged that Green Boxes combined with escrow agreements constituted securities. The case is different from an investigation into whether digital assets and their transactions meet the investment contract test. Green United LLC failed to persuade a federal court to dismiss a civil fraud lawsuit brought against it by the SEC. The SEC filed a lawsuit in Mar...
The classic "Taylor's Law" model suggests that the Fed's base rate is now about 1.7 percentage points above its reasonable level, equivalent to seven 25 basis point rate cuts, according to agency analysts. The previous July non-farm payrolls data showed the unemployment rate rising to 4.3%. The latest inflation data showed that the so-called core PCE price index, which excludes food and energy items, was up 2.6% year-on-year in June. Fed officials assumed a "neutral real rate" of 0.8% and a long...
On July 31, the Seoul Central District Court ordered the closed virtual asset exchange GDAC to return 7.80 million WEMIX tokens (worth about $7.31 million) to Wemade CEO Park Kwan-ho. The court upheld Park Kwan-ho's application for a temporary injunction on the delivery of virtual assets filed on July 29. If GDAC fails to comply with the order within 30 days, it will pay Park a fine of 3 million won every day after the expiration of the time limit. The court rejected GDAC's allegations of market...
Aevo said in a statement that it is revising the calculation method of the perpetual futures contract funding rate, and the change will take place at 16:00 on August 1, 2024.
On July 17, it was learned from the relevant personnel of local legal person banks in several provinces that their banks have recently received relevant research from the financial management department on bond investment and required feedback within the specified time. The feedback content includes balance sheets and research reports.
Web3 supporter and a16z partner Chris Dixon (cdixon.eth) posted on social media that in the next two weeks, the House of Representatives will vote on the most important crypto legislation to date, the 21st Century Financial Innovation and Technology Act (FIT21). We have long called for clear regulation to protect consumers and innovation, and FIT21 will do just that. Americans have...
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Jason Hall, CEO of Methodic Capital Management, said that it seems unlikely that the Securities Exchange Commission (SEC) will approve a spot Ethereum ETF because a spot Ethereum ETF cannot generate a full return for investors, but even if the SEC approves a spot Ethereum ETF, investors should be aware of the total return ETH investment product so that they can benefit from the pledge reward and the underlying asset.
Methodic Capital Management 首席执行官Jason Hall表示,美国证券交易委员会(SEC)批准现货以太坊ETF的可能性似乎不大,因为现货以太坊ETF无法为投资者带来全额回报,但即使SEC批准现货以太坊ETF,投资者也应该了解总回报的ETH投资产品,这样一来,他们就可以从质押奖励和基础资产中获益。