News list for " journal"
The Wall Street Journal quoted Web 3.0 security agency CertiK as saying that the Bybit incident was the largest single theft in crypto history, and the value of the stolen assets caused by the hack was more than $1.40 billion. After the incident, Bybit announced that it had reported the case to the relevant authorities, and its CEO Ben Zhou said that all Bybit functions and products are still operating normally, and the exchange is solvent and will bear the full loss of customers. As of now, all...
Fox Business reporter Eleanor Terrett posted on the X platform that Ripple proceedings are more complicated than Coinbase because they have received an order from District Judge Torres to pay a $125 million fine. According to the final judgment, Torres will retain jurisdiction over the case for one year (until August 7, 2025) to ensure that the terms of the order are met. While the SEC can choose to drop its appeal in the Second Circuit Court, they will also need to find a way to approach the di...
Fox Business reporter Eleanor Terrett posted on the X platform that legal sources he talked to believe that the Securities Exchange Commission is trying to reach a settlement for crypto companies rather than outright dismiss the relevant lawsuits as a way to "justify" spending millions of taxpayer dollars and save a little face. In addition, two Securities Exchange Commission commissioners, Hester Peirce and Mark Uyeda, did inform Coinbase that they are sorry for the inconvenience, which is a pr...
GME. N CEO Ryan Cohen increased his stake in Alibaba to $1 billion.
"US Republican Senator Bill Hagerty's stablecoin regulatory framework bill has more bipartisan support," Eleanor Terrett, a FOX Business reporter, said in a social media post. "Democratic Senator Angela Alsobrooks of Maryland has just signed an agreement to co-sponsor the bill, and the other Democratic co-sponsor is Kirsten Gillibrand."
FOX Business reporter Eleanor Terrett shared in a post that Canary Capital has launched the AXL (Axelar) trust, Canary AXL Trust, which will contain the native tokens of the Axelar network and is the first investment trust to offer universal blockchain interoperability protocol investments. The Axelar protocol has become the leading cross-chain protocol and is working closely with Ripple to support the interoperability of its stablecoin, RLUSD. Axelar acts as a bridge between the XRP Ledger and ...
FOX Business reporter Eleanor Terrett said that according to multiple legal sources, the SEC has been prioritizing cases with court deadlines, which explains why we haven't seen suspension requests in the Ripple and Kraken cases. Ripple's next court deadline is April 16, while Kraken's deadline appears to be March 31. Binance's case has been put on hold until April 14 and Lejilex's until April 11, while Coinbase and the SEC have agreed to extend the deadline to allow S...
According to reports, Liang Fengyi, chief executive of the Hong Kong Securities Supervision Commission, said at the Consensus Forum that the virtual asset roadmap will be released this afternoon, and forward-looking strategies will be formulated by studying the future development direction. Among them, expanding the products and services of licensed virtual asset trading platforms, is considering allowing pledges, providing derivatives for professional investors, and is also considering providin...
FOX Business reporter Eleanor Terrett posted that outgoing Federal Reserve Michael Barr spoke this afternoon at the Council on Foreign Relations in New York on bank decentralization and crypto regulation. Barr said the Fed is trying to address these concerns.
According to Fox Business reporter Eleanor Terrett on the X platform, the Department of Government Efficiency, led by Musk, will pay attention to the SEC. According to its retweet, DOGE is seeking help from the public to provide information on the discovery and resolution of waste, fraud and abuse related to the Securities Exchange Commission.
