IMF Advocates for Higher Energy Taxes on Crypto Miners and Data Centers to Curb Carbon Emissions

by Theresa Joy Lacatan | Aug 21, 2024 | Blog News, Crypto News

On 15 August, 2024, the International Monetary Fund (IMF) published a blog proposing significant increases in energy taxes aimed at crypto miners and artificial intelligence data centers, suggesting that such measures could play a crucial role in reducing global...

Goldman Sachs Embraces Bitcoin ETFs Despite Previous Scepticism; Hedge Funds Bullish on Crypto Miners

by Theresa Joy Lacatan | Aug 17, 2024 | Blog News, Crypto News

On 15 August, 2024, Goldman Sachs made headlines by disclosing significant investments in Bitcoin exchange-traded funds (ETFs) in its quarterly 13F filing, signaling a notable shift in the bank’s approach to cryptocurrency. Once a vocal skeptic of digital...

SEC Charges 26 Financial Firms $392 Million for Widespread Recordkeeping Failures

by Theresa Joy Lacatan | Aug 17, 2024 | Blog News, Crypto News

On 14 August, 2024, the Securities and Exchange Commission (SEC) announced a landmark enforcement action against 26 broker-dealers, investment advisers, and dually-registered entities for widespread and systemic failures in maintaining and preserving electronic...

Nasdaq ISE Withdraws Proposals to Trade Bitcoin and Ether Trust Options Following Extensive SEC Deliberations

by Theresa Joy Lacatan | Aug 17, 2024 | Blog News, Crypto News

On 14 August, 2024, the Securities and Exchange Commission (SEC) Chairman Gary Gensler released a statement highlighting the growing influence of artificial intelligence (AI) in financial markets and the potential risks it poses to investors. With AI increasingly...

CFTC Orders Major Penalties for Recordkeeping, Supervision, and Communication Failures at Truist Bank, TD Bank, and Cowen

by Theresa Joy Lacatan | Aug 17, 2024 | Blog News, Crypto News

On 14 August, 2024, the Commodity Futures Trading Commission (CFTC) levied significant penalties on three prominent financial institutions—Truist Bank, The Toronto Dominion Bank (TD Bank), and Cowen and Company—for pervasive failures related to recordkeeping,...

SEC Chairman Warns of AI’s Impact on Investment Decisions and Potential Conflicts of Interest

by Theresa Joy Lacatan | Aug 15, 2024 | AI News, Blog News

On 14 August, 2024, the Securities and Exchange Commission (SEC) Chairman Gary Gensler released a statement highlighting the growing influence of artificial intelligence (AI) in financial markets and the potential risks it poses to investors. With AI increasingly...