San Francisco Financial News
05.10 / 20:17
Provident
ETF
Platform
Meta Platforms
Bitcoin
Bitwise
Bitwise Launches New Web3 ETF as Crypto Markets Rebound
Hoping to capitalize on the rebounding crypto markets, San Francisco-based crypto index fund provider Bitwisehas rolled out BWEB, a new Web3 exchange-traded fund (ETF).
30.09 / 20:43
business
Blockchain
Adoption
Conference
Blockchain interoperability goes beyond moving data from point A to B — Axelar CEO Sergey Gorbunov
Cross-chain communication between blockchains is more than just moving data from point A to B, but how it can connect applications and users for enhanced experiences and fewer gas fees in Web3, outlined Sergey Gorbunov, Axelar Network co-founder and CEO, speaking to Cointelegraph's business editor Sam Bourgi on Sept. 28 at Converge22 in San Francisco.
30.09 / 01:05
ETF
SEC
Bitcoin
Bitcoin ETF approval
ETF approval
NUT
Market manipulation claims will be hardest 'nut to crack' in Bitcoin ETF approval — WisdomTree
Will Peck, the head of digital assets at exchange-traded fund provider WisdomTree said regulators in the United States will “ultimately get there” on approving a Bitcoin spot investment vehicle, but dealing with claims of market manipulation could be a challenge.
29.09 / 22:31
Stablecoin
Congress
Voting
lawmaker
US lawmaker hints at calling for Republican votes in 2022 Midterms over crypto policies
North Carolina Representative Patrick McHenry may have used his virtual appearance at a cryptocurrency conference as a soapbox for calling for votes in the 2022 United States midterm elections.
28.09 / 23:05
business
Blockchain
Circle
Circle CEO says blockchain industry is transitioning from dial-up to broadband phase
At the Converge22 conference in San Francisco, Jeremy Allaire, CEO of stablecoin issuer Circle, said that the world is finally moving from the speculative value phase of crypto to the utility phase. Drawing parallels to the early days of the internet, he said:
23.09 / 16:43
markets
Ripple
XRP
SEC
XRP hits 13-month high versus Bitcoin with 35% daily surge — But is a correction inevitable?
XRP price posted a sharp rally against Bitcoin (BTC) on continued optimism about a potential settlement between Ripple, a San Francisco-based blockchain payment firm, and the U.S. Securities and Exchange Commission (SEC).
23.09 / 14:23
cryptocurrency
SEC
CEO
Kraken
Crypto Exchange Kraken Has No US US Securities And Exchange Commission Registration Plans, Says Incoming CEO
Kraken new CEO said he sees no reason to register with the SEC as an exchange.
22.09 / 20:33
business
hacks
Funding
Venture Capital
BUG
Framework
Bug Bounty
Crypto bug bounty platform Immunefi raises $24M led by Framework Ventures
Web3 bug bounty and security services platform Immunefi has closed a $24 million Series A funding round, putting the company on track to scale its in-house capacity amid widespread vulnerabilities in the blockchain industry.
21.09 / 23:39
business
Kraken
Kraken’s Jesse Powell will step down as CEO, stay on as board chair
Jesse Powell, the co-founder and CEO of cryptocurrency exchange Kraken, will be stepping down after leading the platform for more than 11 years.
09.09 / 17:43
Ripple
SEC
SEC vs. Ripple: Is there an ‘end-game’ in sight for the lawsuit? Experts say…
The ongoing feud between the regulatory watchdogs (SEC) and San Francisco-based fintech firm, Ripple continues to create headlines. The lawsuit that started in late 2020- still hasn’t hit the wall yet. But could the latest filing FINALLY see an endgame to this ever-lasting saga?
06.09 / 15:37
UPS
Citizens
Lawyer
Lawyer For Alleged Russian Crypto Launderer Seeks Prisoner Swap With U.S.
As the relations between the U.S. and Russia remain stringent due to the latter country’s invasion of Ukraine, a lawyer for a Russian citizen accused of laundering more than USD 4bn worth of crypto has called on the Kremlin to facilitate a prisoner exchange involving his client with Washington.
28.08 / 21:05
UPS
Citi
Provident
Time
Everyone’s a Landlord—Small-Time Investors Snap Up Out-of-State Properties
Jack Cronin found San Francisco-area homes too expensive or too far from the city center to buy when he lived there in 2020. The tech worker still wanted a piece of the hottest housing market of his lifetime, so he started looking farther afield.
24.08 / 13:19
coinbase
LinkedIn
Okta
Board Of Directors
Coinbase COO Choi Joins Okta's Board of Directors
The chief operating officer at Coinbase has joined identity firm Okta's board of directors, according to an announcement from August 23, 2022.
08.08 / 23:15
CFTC
SEC
coinbase
lawsuits
Two more lawsuits for Coinbase: Law decoded, Aug. 1–8
The Coinbase drama, which started at the end of July, continues with new developments. Last week, former Coinbase Global product manager Ishan Wahi pleaded not guilty to two counts of wire fraud conspiracy and two counts of wire fraud in a Manhattan federal court. Wahi was arrested during his attempt to board a flight from the United States to India in May and accused of insider trading.
05.08 / 17:43
business
regulation
coinbase
lawsuits
Coinbase hit with 2 fresh lawsuits amid SEC probe
Coinbase is now facing increased scrutiny from regulators, with the company now becoming the target of multiple lawsuits. The San Francisco-based cryptocurrency exchange, which is presently being investigated by the United States Securities and Exchanges Commission (SEC), now faces two additional legal claims from two law firms.
03.08 / 18:15
markets
Federal Reserve
Derivatives
Bitcoin
AIM
Bitcoin bulls aim for $25K price on Friday's $510M options expiry
Fifty-one days have passed since Bitcoin (BTC) last closed above $24,000, causing even the most bullish trader to question whether a sustainable recovery is feasible. However, despite the lackluster price action, bulls have the upper hand on Friday's $510 million BTC options expiry.
03.08 / 16:49
UPS
Fighting
rate hikes
interest rate hikes
Fed's Bullard sees more interest rate hikes ahead and no U.S. recession
St. Louis Federal Reserve President James Bullard said Wednesday that the central bank will continue raising rates until it sees compelling evidence that inflation is falling.
02.08 / 20:11
Progressive
LinkedIn
CME
Fed's Daly says 'our work is far from done' on inflation; Evans says bigger hike 'OK'
The Federal Reserve still has a lot of work to do before it gets inflation under control, and that means higher interest rates, San Francisco Fed President Mary Daly said Tuesday.
02.08 / 14:45
cryptocurrency
crypto news
cryptos
US Crypto Firm Nomad Hit By $190 Million Heist
Nomad said in a tweet that it was "aware of the incident" and was currently investigating.
22.07 / 14:21
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