Month: June 2024

Hong Kong’s Securities and Futures Commission (SFC) has published a list of two licensed crypto trading platforms and 17 pending applicants under the new regulations that went into effect on June 1. The financial regulator stresses that operating without a license is a criminal offense and commits to taking appropriate actions against any legal breaches. […] Source: https://news.bitcoin.com/hong-kong-reveals-17-crypto-trading-platform-applicants-as-new-regulations-take-effect/

Nobel Prize-winning economist Paul Krugman and gold advocate Peter Schiff are in disagreement over inflation. Krugman believes that “the inflation bump is over.” However, Schiff argues that Krugman didn’t even foresee the inflation bump, emphasizing that the Nobel laureate’s view on inflation should be disregarded. Schiff explained that “all indicators point to a reacceleration of […] Source: https://news.bitcoin.com/nobel-laureate-paul-krugman-claims-inflation-bump-is-over-peter-schiff-says-krugmans-view-should-be-dismissed/

Coinbase’s chief legal officer, Paul Grewal, announced that the crypto exchange has filed a closing brief in the Third Circuit challenging the SEC’s denial of their rulemaking petition. The brief argues that the SEC’s order, which disagrees with claims that SEC rules are unworkable for digital asset firms, lacks reasoned decision-making. Grewal asserts that the […] Source: https://news.bitcoin.com/coinbases-legal-chief-sec-is-bent-on-choking-the-digital-asset-industry/

Veteran trader Peter Brandt, with over four decades of experience, has highlighted bitcoin’s consistent gains against gold since its inception, foreseeing that 100 ounces of gold will be needed to buy a bitcoin. Meanwhile, Peter Schiff has insisted that the cryptocurrency “has underperformed gold for the past 2.5 years.” Peter Brandt Foresees Bitcoin Hitting 100 […] Source: https://news.bitcoin.com/veteran-trader-peter-brandt-predicts-100-oz-of-gold-per-bitcoin/

Some Russian companies have turned to using crypto to settle payments and protect themselves from potential secondary sanctions from Western countries. At least two top metal producers have transacted using USDT, the largest stablecoin in the crypto market, as the G7 and the EU mull more sanctions against alternatives for these operations. Crypto Used as […] Source: https://news.bitcoin.com/companies-turn-to-crypto-for-payments-as-g7-and-eu-mull-sanctions-on-russian-swift-equivalent/

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