US SEC begrudgingly approves Bitcoin trades but warns investors it’s a ‘speculative, volatile asset that’s also used for ransomware, money laundering, sanction evasion, and terrorist financing’

Reported by Rich Stanton The US Securities and Exchange Commission (SEC) has approved Bitcoin exchange-traded products (ETPs) following years of opposition—though not without stern warnings about the “myriad risks” of investing in cryptocurrency. The news was greeted with enthusiasm by crypto-lovers and has led to a minor spike in Bitcoin’s value, with one Bitcoin being worth around $44,000 […]

Genesis Global Trading Exits New York Following Landmark Court Settlement

Reported by Oluwapelumi Adejumo Genesis Global Trading, a prominent cryptocurrency firm, has settled with the New York Department of Financial Services (NYDFS).  As part of the agreement, Genesis Global Trading will relinquish its authorization to carry out operations within the state. In a January 12 statement, Genesis consented to pay the New York financial regulator an […]