Washington is looking at ways to crack down on abuses in the business with a stronger hand than they were planning on taking before FTX's demise, and the industry is under the microscope as a result.
Digital assets' busts, scandals, and FTX’s spectacular and sudden collapse were a boon to crypto skeptics, but they were devastating to the industry as a whole.
Regulators like Gary Gensler, who is the chairman of the US Securities and Exchange Commission (SEC), have been pushing for a more aggressive, enforcement-driven approach to the asset class for a long time.
This incident has drawn comparisons to Solana, another high-performance blockchain with a history of similar disruptions.
With its Major Payment Institution License granted by the Monetary Authority of Singapore (MAS) in August 2024, BitGo Singapore is positioned as a key player in addressing the region’s growing demand for institutional-grade digital asset infrastructure.
Michael Saylor, the company’s chairman, has been a strong advocate for Bitcoin, believing its value will continue to rise. With over $40 billion in Bitcoin assets, MicroStrategy’s stock has surged, becoming the most traded in the U.S.
Accused of using his regulatory powers for personal gain, Yao allegedly accepted bribes in crypto, engaged in financial misconduct, and misused his position to benefit specific technology providers. His case has been referred for criminal prosecution.
This incident has drawn comparisons to Solana, another high-performance blockchain with a history of similar disruptions.
Gold has experienced a significant pullback, down over 8% from its all-time high, as the US election results reduced political uncertainty and raised confidence in the economy. The Fed's cautious stance on rate cuts has made the non-yielding metal less attractive, while boosting assets like Bitcoin.
With its Major Payment Institution License granted by the Monetary Authority of Singapore (MAS) in August 2024, BitGo Singapore is positioned as a key player in addressing the region’s growing demand for institutional-grade digital asset infrastructure.
Michael Saylor, the company’s chairman, has been a strong advocate for Bitcoin, believing its value will continue to rise. With over $40 billion in Bitcoin assets, MicroStrategy’s stock has surged, becoming the most traded in the U.S.
