Category Archives: Global Market

Crypto market liquidity dries up following Alameda and FTX collapse

The crypto market has experienced a liquidity dry-up in the wake of the collapse of crypto exchange FTX and its sister trading firm Alameda Research, according to data provider Kaiko. The firms, founded by disgraced former billionaire Sam Bankman-Fried, were key market participants until they filed for bankruptcy protection earlier this month. This has created […]

This Week in Coins: Bitcoin Avoids Heavy Losses as FTX Contagion Spreads

This week saw continued FTX fallout week as many crypto companies confessed the extent of their exposure to the collapsed empire. In week two of the FTX disaster story, crypto investors can expect things to get worse before they get better. However, the two market leaders, Bitcoin and Ethereum, no longer appear to be in […]

Kucoin flagged by Ontario Securities Commission

The OSC is continuing to crack down on unregistered crypto exchanges, warning investors of Kucoin for the second time this August. The Ontario Securities Commission (OSC) today issued an alert flagging 13 companies that “are not registered to deal or advise in securities in Ontario,” including the Seychelles-based MEK Global Limited and the Singapore-incorporated PhoenixFin […]

NAVIGATING THE NEW AML COMPLIANCE LANDSCAPE – PDF DOWNLOAD

Financial crime remains at record highs as the pandemic continues to accelerate digitization and create new opportunities for fraudulent activities. As a result, AML institutions and other AML regulated entities worldwide. Scaling up staff to deal with evolving AML challenges is problematic. So how can organizations do more with less while complying with tightening regulations? […]

Fed’s annual Jackson Hole meeting.

Every year in August, the Federal Reserve holds a small gathering of the world’s leading economists and policymakers against the backdrop of the Grand Teton Mountains in Wyoming. Only about 120 people attend the event every year. Still, the publicly-released papers and speeches — as well as media engagements by policymakers — have made the […]

Canadian regulatory council creates new preregistration filing for crypto platforms

The Canadian Securities Administrators will require crypto trading platforms to file an undertaking committing them to investor protections while their registration is in process. The Canadian Securities Administrators (CSA), the council of provincial and territorial securities regulators, announced Monday that crypto trading platforms would be expected to provide a preregistration undertaking to their principal regulators […]

Bitcoin Mining Difficulty Drops as Miners Feel the Texas Heat

The difficulty of mining a bitcoin block dropped by 5% on Thursday as miners turned off their machines to lower power demands on energy grids dealing with a U.S. heat wave, particularly in Texas. The bitcoin mining difficulty adjusts automatically every two weeks to keep the time needed to mine a new block roughly at […]

SEC lists nine crypto tokens as securities following Coinbase insider trading charges

The Securities and Exchange Commission (SEC) has listed nine cryptocurrencies that it says are securities. This was contained within a complaint arresting and charging a former Coinbase employee and two others with wire fraud. The assets were: AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX, KROM. They were each mentioned in connection with alleged insider […]

CFTC flags 34 crypto and forex trading desks as unregistered foreign entities

The Commodity Futures Trading Commission (CFTC) has expanded its RED List with a new roster of crypto and forex firms the agency has identified as unregistered foreign entities. The CFTC announced the 34 new additions on July 14, warning US users and financial service providers against accessing their services. Several of the entities announced share […]

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