Jun 20, 2022
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In a UK First, Regulators Raided Eight Illegal Crypto Trading Sites Across London
➤ UK regulators conducted their first physical raids on eight illegal crypto trading sites in London, issuing cease-and-desist notices and gathering evidence for criminal investigations. ➤ The FCA's action targets unregistered peer-to-peer operations, highlighting concerns about money laundering and the lack of anti-money laundering (AML) controls. ➤ This enforcement escalation signals increased regulatory scrutiny ahead of new licensing requirements, posing risks for both unregistered operators and consumers using informal P2P networks.
Bitcoin ETFs Extend Inflow Streak as DOJ Seizes $700 Million in Crypto Crackdown - TokenPost
U.S. crypto markets saw a mix of ‘institutional demand’, regulatory escalation, and law-enforcement pressure Thursday, as Bitcoin (BTC) spot ETFs extended their inflow streak while federal agencies reported major seizures...
➤ Bitcoin spot ETFs experienced a continued inflow streak, indicating sustained institutional demand, while the U.S. Department of Justice announced significant cryptocurrency seizures related to fraud operations. ➤ Traditional finance players like Morgan Stanley are developing stablecoin reserve management solutions, aligning with potential regulatory frameworks like the GENIUS Act, signaling a move towards more formalized stablecoin infrastructure. ➤ Regulatory scrutiny is intensifying, with states targeting prediction markets and the DOJ cracking down on crypto fraud, creating a complex landscape of institutional adoption, enforcement actions, and evolving policy discussions.
US crackdown will push crypto’s 'center of gravity' to Hong Kong: Kaiko CEO
Kaiko CEO Ambre Soubiran said that Hong Kong’s friendly approach may just see the city become the “center of gravity” for crypto trading and investments.
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I wanna give me $0.02 on this whole Neflix numbers dropping/crypto bubble blowing/ Twitter being sold/Facebook meta.
Not to sound condescending but it’s been bound to happen, if you study statistics you learn about how things stagnate or reach its peak, and honestly here we are. There’s only so much of the population the internet can cater to, and it’s made worse with the millions of people we lost to covid. Like the internet has peaked, it’s only downhill from here until something new pops up and brings that line back up but it’s only going to show the same numbers.
Tech bros are so obsessed with rising numbers and “the infinite possibilities “ but they lack the understanding that not everything lasts forever. Everyone has access to the internet, even third world countries have access to it but not everyone uses it because many people have come to this realization: We don’t need to prioritize our lives around the internet. This is why Zucky boo is so hell bent on meta because it’s the future of social media that can bring back some crazy numbers, but that future is still too far to really give to the general populace.
Tech bros want us plugged into their matrix so bad to justify their expensive hobby, that they’re even buying up social media platforms for $45M, completely ignoring basic human needs, because they have this idea in their head that we’re all thinking the same priorities. They’re completely detached from reality and their mommies or daddies are knocking on their bedrooms to get some work done.
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BlockFI ordered to stop onboarding New Jersey-based customers
BlockFI ordered to stop onboarding New Jersey-based customers
BlockFi CEO Zack Prince rejects the New Jersey securities regulator’s claim that his firm has been offering unlicensed securities to the public.
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