Usa Financial News

United States Senator Cynthia Lummis has scored another one for crypto with a Government Accountability Office (GAO) decision issued on Oct. 31. The GAO found that Securities and Exchange Commission (SEC) Staff Accounting Bulletin 121 should be subject to congressional review. That bulletin, issued in March 2022, has been a source of ire for many pro-crypto lawmakers.

Institutional-focused crypto custody firm Bastion has obtained money-transmitter licenses (MTLs) in New Hampshire and Arkansas.

FTX founder Sam Bankman-Fried completed his grueling three-day testimony in Manhattan federal court on Tuesday.

Some of the global financial industry’s largest market-makers might jump in to provide liquidity for BlackRock if the firm’s spot Bitcoin Exchange Traded Fund (ETF) application is approved by the US Securities and Exchange Commission (SEC), reported CoinDesk on Tuesday citing a personal familiar with the matter.

Blackstone and Vista Equity Partners bested a crowd of offshore sponsors and strategics at the eleventh hour to secure Energy Exemplar, the tearaway energy analytics business owned by The Riverside Company.

NEW DELHI : Consulting firm Deloitte is set to introduce a practice to help businesses measure the extent of trust regulators, investors, customers and the public place in them to help them identify areas for improvement and raise their trustworthiness among stakeholders. The consulting firm is currently assessing the top 1,000 companies by size in India, including listed ones, based on about 90 parameters to figure out where they stand in terms of stakeholder trust.

Online traffic to Bitcoin’s Wikipedia page surged last week, signaling rising public interest in the asset as its price soared to a new yearly high.

By Dan Levine and Hyunjoo Jin

By Jonathan Stempel

By Arathy Somasekhar

Real impact, not just proximity: That’s the takeaway for oil bulls who expected the Israel-Hamas war to guarantee pricing at $100 per barrel or more, only to realize that even the worst fighting the Middle East has seen in decades cannot give them a free ride unless the crude traffic itself takes a hit.

(Reuters) -Morgan Stanley may pay between $500 million and $1 billion to resolve a long-running U.S. probe into how it handled private stock sales, Semafor reported on Tuesday, citing people familiar with the matter.

By Marcelo Teixeira

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________

Christopher Nolan's "Oppenheimer" is making a comeback on Imax screens near you for a one-week encore presentation. Starting Friday, the blockbuster historical drama will return on the big(gest) screen, including six Imax 70mm film locations across US, United Kingdom and Australia. Reemerging during a tranquil phase for the box office, at a time of no major releases over the weekend, «Oppenheimer» is expected to reclaim much of the Imax spotlight. Disney's superhero spectacle "The Marvels," is likely to dominate Imax theaters upon its release on November 10. Starring Cillian Murphy as the renowned «father of the atomic bomb,» «Oppenheimer» amassed a staggering $946 million globally, becoming the third-highest-grossing film of the year and the second-highest-grossing R-rated film in cinematic history. During the press tour last summer, Nolan championed the use of Imax cameras, leading ardent fans to journey across state lines in pursuit of the optimal viewing experience.

The reserves for stablecoin issuer Tether contained approximately 86% cash and cash equivalents as of September 30, according to a new attestation report from accounting firm BDO. This is the highest percentage of cash and cash equivalents that have ever made up Tether’s reserves.

New Delhi: India is set to emerge as a design and manufacturing hub for semiconductors in the next five years, said Ashwini Vaishnaw, the Union minister for electronics and information technology, in a conversation with Hindustan Times editor-in-chief R. Sukumar during a virtual session that kick-started the 21st edition of the Hindustan Times Leadership Summit on Tuesday. India, Vaishnaw argued, has three core strengths that will power its growth in this sector.

Web3 theft hit a low point for the year so far in October, CertiK reported. Losses to hacks, exploits and scams confirmed by the blockchain security firm amounted to $32.2 million for the month across 38 incidents, with no single incident leading to a loss of over $7 million.

United States accused Russian President Vladimir Putin Tuesday of trying to use the Israel-Hamas war to reduce Western support for Ukraine, which it said requires continued backing from Washington to prevent Russian success. Hamas militants carried out a shock cross-border attack from Gaza this month that Israeli officials say killed more than 1,400 people, prompting Washington to rush military aid to Israel and sparking fears in Kyiv that backing for its war against invading Russian forces could suffer. «Putin is very much trying to take advantage of the Hamas attack on Israel in the hopes that it will distract us… and that it will result in the United States pulling back its resources» from Ukraine, US Secretary of State Antony Blinken told a Senate hearing on supplemental national security funding. Defense Secretary Lloyd Austin warned during the same hearing that Putin will succeed in his bid to seize Ukrainian territory if the United States halts support for Kyiv. «I can guarantee you that without our support, Putin will be successful,» Austin said.

Bitcoin (BTC), worth over $7.2 billion, is still controlled by the United States government — but its losses are mounting.

The committee heard about the US approach to central bank digital currency, cryptoasset regulation and how sexism is tackled in the US financial services industry.