PARIS: Cryptocurrencies are here to stay and their dramatic recent crash is just part of an economic cycle, Changpeng Zhao, one of crypto’s most influential figures, told AFP in an interview on Thursday. The China-born Canadian entrepreneur heads Binance, the biggest exchange in the market that boasted $32 trillion in...
Crypto investors might be reeling from the most chaotic blowout in the industry’s history, with the market’s value down about two-thirds in just six months, and the price of Bitcoin, the most traded crypto asset, dropping 20% this week alone. But for one of the biggest crypto players, the chaos...
As the cryptocurrency market continues to move in a downward pattern in one of its worst bearish slumps in history, financial regulators are using the situation as an argument that the new asset class needs more regulation, including the United States Securities and Exchange Commission (SEC). Specifically, SEC Chairman Gary...
United States Securities and Exchange Commission (SEC) Chairman Gary Gensler said he’s worried that a proposed bill to create a regulatory framework for cryptocurrencies could weaken investor protections in the traditional financial market. Speaking at The Wall Street Journal’s CFO Network Summit on June 14 Gensler was asked his thoughts...
