: Crypto Alert: Altcoins Could Tank, Warns Trader Pentoshi
• Well-known cryptocurrency trader and analyst Pentoshi has tweeted a warning to investors and traders, stating that he is feeling less confident in the market than he was a week ago due to concerns over momentum and tired altcoins. • Pentoshi’s opinion carries a lot of weight, so his decision to be „less aggressive“ in…
CZ Refutes Bloomberg Report: Binance to End US Partnerships, Delist Tokens
• Reports emerged that Binance Global intends to end partnerships with U.S.-based firms and terminate listing tokens linked to U.S.- based projects as regulators cast the net deeper. • Binance CEO Changpeng Zhao (CZ) refuted these claims, however, stating they were “false”. • An undisclosed source noted that Commodity Futures Trading Commission, Internal Revenue Service,…
SEC to Vote on Rules to Oversee Crypto Firms as Qualified Custodians
• The US Securities and Exchange Commission (SEC) is proposing new regulations this week that could affect the services crypto firms offer their clients. • The five-member SEC panel will vote on the proposal on Feb. 15 and if approved, the proposal must be voted officially by the rest of the SEC. • If the…
South Korea Sets Guidelines for Security Token Regulation
• The South Korean financial services commission (FSC) has published guidelines outlining which digital assets will be regulated as securities in the country. • These regulations support innovation and consumer protection, and will be submitted for assessments during the first half of 2023. • South Korea has been taking steps to promote blockchain and cryptocurrency…