Aware Financial News

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Many Americans are mistaken about their financial preparedness for retirement. But overconfidence skews higher for the wealthy than for others, according to a new report.

Set to come into force in October, the new rules mean crypto firms must ensure that people have the appropriate knowledge and experience to invest in crypto. Those promoting crypto must also put in place clear risk warnings and ensure adverts are clear, fair and not misleading, similar to the rules introduced by the FCA last year to tackle misleading financial advertisements of high-risk investments. The UK's Advertising Standards Authority has previously banned several crypto firms’ promotions for being misleading and irresponsible.

The price of Cardano (ADA) has slipped by 3% in the past 24 hours, following the commencement of SEC legal actions which name the altcoin as a security. 

Coinbase was dismissed by the US Securities and Exchange Commission with no response after months of discussing how to register with the agency, the crypto exchange’s chief legal officer told lawmakers on Tuesday.

According to the SEC’s complaint, since at least 2019, Coinbase "has made billions of dollars unlawfully" through the buying and selling of crypto asset securities. The SEC alleges that Coinbase intertwines the traditional services of an exchange, broker, and clearing agency without having registered any of those functions with the Commission as required by law. As alleged in the SEC’s complaint, Coinbase’s failure to register has deprived investors of significant protections, including inspection by the SEC, recordkeeping requirements, and safeguards against conflicts of interest, among others. The regulator also slammed Coinbase for failing to register its staking-as-a-service program as required by the securities laws. "You simply can’t ignore the rules because you don’t like them or because you’d prefer different ones: the consequences for the investing public are far too great,” says Gurbir S. Grewal, director of the SEC’s Division of Enforcement. "As alleged in our complaint, Coinbase was fully aware of the applicability of the federal securities laws to its business activities, but deliberately refused to follow them. While Coinbase’s calculated decisions may have allowed it to earn billions, it’s done so at the expense of investors by depriving them of the protections to which they are entitled. Today’s action seeks to hold Coinbase accountable for its choices.”

Among the most trending crypto coins on DEXTools today are $CATGPT, $IS, $JIM, and $PLANET, topping the hot pairs list with explosive price action.

Ethereum has just had its first major upgrade, or “hard fork,” since transitioning to a proof-of-stake system. The Shanghai upgrade allows validators to withdraw the staked ether (ETH) that has been locked in the network.

An episode of Adult Swim's cartoon Rick and Morty has inspired the latest meme coin on Uniswap, with the apparent help of an Elon Musk tweet - Pick Or Rick (RICK) token.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Investment firms should make sure clients are aware of the regulatory status of the products they offer, including cryptocurrency, according to the latest notice from the European Union’s financial markets regulator. 

As we appear to be entering a new phase in crypto’s notorious market cycles, excitement is once again growing at the prospect of rising investment and deeper liquidity. However, in order for the market to come back stronger, lessons must be learned from what happened before. The collapses of 2022 continue to be analyzed by TV stations, newspapers, magazines, blogs and social media. But among the extensive analyses, one key lesson has been missed. 

The influential cross-party Committee of MPs declared that cryptocurrencies such as bitcoin have no intrinsic value and serve no useful social purpose, while consuming large amounts of energy and being used by criminals in scams, fraud and money laundering. The Committee's conclusions are at odds with Prime Minister Rishi Sunak's ambitions to make the UK into a global hub for cryptoasset technology.

The Chief Executive Officer of OpenAI, Sam Altman, has raised $115 million in a Series C funding round for a cryptocurrency project. 

Cryptoassets have the power to “infect” the Russian economy, the nation’s crypto-skeptic Central Bank has warned.

Though Billionaire Elon Musk has shown his love for meme coin Dogecoin over the years, that doesn’t mean he is telling investors to put their life savings into it. 

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

As meme coins increasingly take main stage and become catalysts for the current memecoin season, PepeCoin ($PEPE) has become a skyrocket contender in the market.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

The popular hardware wallet maker Ledger has addressed some of the concerns from the community, after it introduced a new and controversial wallet recovery service.

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