AG

brazzyxo

Can’t Bitty and AG just get along

coinfeeds-bot

tldr; The relevant text for the article title is about multiple U.S. states ordering GS Partners to halt operations, accusing the company of defrauding investors in various crypto schemes. The company, including GSB Gold Standard Bank Ltd., Swiss Valorem Bank Ltd., and GSB Gold Standard Corporation AG, is accused of offering and selling unqualified securities and making material misrepresentations and omissions to investors related to crypto asset investments. The businesses hired sports celebrities to attract attention to their investments. The states of California, Texas, Alabama, and others are pursuing actions against the company for perpetrating fraudulent investment schemes. The company offered digital assets tied to the metaverse's Lydian World and investments in a 36-story "G999 Tower" in Dubai. The executives of GS Partners, including Josip Dortmund Heit, Bruce Innes Wylde Hughes, and Dirc Zahlmann, are directly named in the actions. The company did not immediately respond to attempts to reach them. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

CryptoAlien2553

$BTC is making a huge comeback this week and the news is also very supportive. [BlackRock Bitcoin ETF Confident Will Be Approved By January 2024](https://coincu.com/227509-blackrock-bitcoin-etf-confident-approved/) [German Bank Commerzbank AG Received Bitcoin Custody License To Promote Crypto](https://coincu.com/228240-german-bank-commerzbank-ag-bitcoin-custody/) What will the next new peak be? $50k seems a bit ambitious but $40k - $42k is completely within reach, what are your opinions?

coinfeeds-bot

tldr; The relevant text for the article title is: "Commerzbank AG (CBKG.DE) on Wednesday said it has received a crypto custody licence in Germany, allowing it to build up a broad range of digital asset services, with particular emphasis on crypto assets." Summary: Commerzbank has obtained a crypto custody license in Germany, enabling it to expand its digital asset services, focusing on crypto assets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; UBS Group AG is now allowing wealthy clients in Hong Kong to access three crypto exchange-traded funds (ETFs). This move follows HSBC Holdings, which became the first bank to offer these ETFs to its customers in Hong Kong. The Securities and Futures Commission (SFC) has authorized the ETFs, and this development reflects Hong Kong's efforts to become a major crypto hub. In the United States, there is growing anticipation for the approval of a spot Bitcoin ETF, with several applications currently pending. There is speculation that the Securities and Exchange Commission (SEC) could approve these applications by January 2024. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

GuyWithNoEffingClue

I mean yeah, you're being coached by your lawyer, it makes sense. But I think a good practice for a lawyer is to coach and prepare their client for the questions coming from cross-examination as well. That way this idiot wouldn't have looked so smooth with his lawyer and repeating 140 times "I can't recall" when the questions come from the AG. That was the point I was trying to make, if it makes better sense.

Fox_n_Roll

German IT usually is not the best... heck some customers at work ask me if I can send them a fax... And those are "AG" customers listed in DAX

Altacct4privacy

At least read pages 8-23 of the 23 page document from the AG office I linked above.

kakumei88

Nothing new. The world's first blockchain stamp had been issued by Österreichische Post AG on June 11, 2019. Other countries that followed are Netherlands, United Arab Emirates, Portugal, Germany, and others.

SpartanCents

Gemini's gonna get rekt by NY AG. Their negligience will cause disgorgement of any kickbacks and revenue they received while they allowed their customers to be defrauded.

THMTech

There is some concern now about their SEC application now that Greyscale's parent DCG is included in a fraud lawsuit brought by the New York AG.

soks86

If they're using Kraken I imagine they are traceable. I would report it, not sure to whom... Kraken might be able to help but I imagine they would demand some sort of law enforcement paperwork. [https://www.ic3.gov/](https://www.ic3.gov/) That seems to be where you can report it to the FBI. I doubt local, municipal, law enforcement could help but you might want to Google search your particular state and Bitcoin or Cryptocurrency crime. You can always call law enforcement and ask. Your local PD, local DA's office, AG's office, I have no idea if any of them would care.

ricozuri

Yes would be nice if the US could get its crypto act together. Singapore is a major crypto hub, but UBS is a Swiss bank and “…the largest private back in the world.” Full quote from Wikipedia: UBS Group AG is a multinational investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres as the largest Swiss banking institution and the largest private bank in the world. Side note: They bought Credit Suisse.

TheHoodOG

Swiper, no swiping! 

Odlavso

I've seen law and order and if you donate enough money the mayor, governor or AG will call your captain and tell him to back off and let this one go or call the DA and make them offer a deal. To bad we don't have a rouge DA who ignores orders and goes after justice

coinfeeds-bot

tldr; A "Cambrian explosion" in crypto is expected to begin soon, with bitcoin and ether ETFs becoming readily available within the next six months, according to Ryan Zurrer, founder of Vine Ventures and Dialectic AG. He believes that coherent regulation in the US is about a year away. The introduction of ETFs is expected to bring acceptance and widespread participation in crypto. Zurrer also predicts that the upcoming US election cycle will bring clearer visibility on crypto regulation. Despite recent failures in the industry, there is a positive sentiment towards crypto in America. The courts will play a crucial role in determining the interpretation and adoption of crypto regulations. An ETF would solidify crypto as an asset class that is here to stay. Zurrer expresses faith in the decentralization of wealth and power that crypto has brought. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

-xstatic-

It seems like a [Key & Peele sketch](https://youtu.be/kNdp0I8AG40?si=9obABBa-G3PtUQYX)

cannainform2

Save a click? Hogeg, the founder and co-CEO of Sirin Labs AG, and several unnamed associates are suspected of misappropriating millions of dollars from Israeli and foreign investors raised between 2017 and 2018 for four cryptocurrency startups. The funds, instead of being utilized for the intended purposes, were allegedly misappropriated for personal use. The two-year investigation involved questioning 180 witnesses, gathering 900 pieces of evidence, and making significant funds and asset seizures.

coinfeeds-bot

tldr; In a development that further underscores the escalating global crackdown on crypto scams, Israeli police have accused technology entrepreneur Moshe Hogeg of defrauding investors out of $290 million in a series of cryptocurrency scams, according to Bloomberg. Hogeg, the founder and co-CEO of Sirin Labs AG, and several unnamed associates are suspected of misappropriating millions […] The post Israeli Police recommend charges against businessman Moshe Hogeg as global crackdown on crypto scams rages on appeared first on CryptoSlate. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

Rix0n3

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Rix0n3

Video uploaded to youtube: https://youtu.be/mHtz0XcoaLM [Direct Download](https://redirector.googlevideo.com/videoplayback?expire=1692253067&ei=K2fdZPKGDau46dsPgq634Ak&ip=2a01%3A4f8%3A242%3A16d9%3A%3A2&id=o-AIvLWey0TT6C7_gU-R--09u-js7kONJA-C7LfatD3L43&itag=22&source=youtube&requiressl=yes&mh=PJ&mm=31%2C26&mn=sn-4g5e6nss%2Csn-f5f7lnld&ms=au%2Conr&mv=m&mvi=2&pl=51&initcwndbps=610000&siu=1&vprv=1&mime=video%2Fmp4&cnr=14&ratebypass=yes&dur=342.285&lmt=1692231107848675&mt=1692230710&fvip=2&fexp=24007246%2C24363392&beids=24350017&c=ANDROID_TESTSUITE&txp=6218224&sparams=expire%2Cei%2Cip%2Cid%2Citag%2Csource%2Crequiressl%2Csiu%2Cvprv%2Cmime%2Ccnr%2Cratebypass%2Cdur%2Clmt&sig=AOq0QJ8wRQIgYdii78mDGTQrVCOUCSccqWZq1tV1CgV6isMjhfBDnd4CIQDUOCl4mhlRTAkDQ3-GM3hpwEiYDfToFEAOfMYcS22sPA%3D%3D&lsparams=mh%2Cmm%2Cmn%2Cms%2Cmv%2Cmvi%2Cpl%2Cinitcwndbps&lsig=AG3C_xAwRgIhANby4_La7R6Q41KXBaMzye3DECIXcOxL08sn8cjWXWJYAiEAvZ99QbJOsFx8278eSv44fnvMVq7PomPu1V7V-pCdpYE%3D&range=0-43356550&title=yt5s.io-When%20money%20is%20easy%20to%20make,%20society%20begins%20to%20break%20%7C%7C%20#bitcoin) To manually download video off youtube, visit: https://yt5s.io/en90

coinfeeds-bot

tldr; El Salvador, which adopted Bitcoin as legal tender in 2021, has seen its dollar bond outperform the majority of emerging markets with a 70% return in 2023. This has attracted interest from institutional giants like JP Morgan, Eaton Vance, and PGIM Fixed. Other firms like Lord Abbett & Co LLC, Neuberger Berman Group LLC, and UBS Group AG have also invested in El Salvador's debt security. This is a significant turnaround from a couple of years ago when the country's Bitcoin adoption created uncertainty and doubt among investors. El Salvador's ability to pay off its debts and the passage of a landmark crypto bill have boosted investor confidence. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

BiznessCasual

Advanced Bitcoin Technologies AG is only #15? Can't be that "advanced" when you're not even in the top 10, CAN YOU?

coinfeeds-bot

tldr; Spanish football club FC Barcelona has secured a $132 million investment for their Web 3.0 effort, Barça Vision, which includes the creation of a non-fungible token (NFT) collection. The investment comes from Libero Football Finance AG and Nipa Capital BV, and FC Barcelona will exchange the capital for a stake in Bridgeburg Invest, the holding company for Barça Vision. The deal is subject to approval from FC Barcelona shareholders. In other news, Curve Finance, a decentralized finance platform, has announced plans to reimburse users who were affected by a recent $62 million hack. The platform has recovered 79% of the stolen funds and is working to determine fair compensation for affected users. Additionally, the US Securities and Exchange Commission (SEC) has rejected the ARK 21 Shares spot Bitcoin exchange-traded funds (ETF) and has extended the decision-making process by 21 days. ARK Investment Management had predicted the delay and is aiming to be listed on the Cboe BZX Exchange. The SEC previously disapproved the company's proposals for a cryptocurrency ETF. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

coinfeeds-bot

tldr; Spanish football club FC Barcelona has secured a $132 million investment for their Web 3.0 effort, Barça Vision, which includes the creation of a non-fungible token (NFT) collection. The investment comes from Libero Football Finance AG and Nipa Capital BV, and FC Barcelona will exchange the capital for a stake in Bridgeburg Invest, the holding company for Barça Vision. The deal is subject to approval from FC Barcelona shareholders. In other news, Curve Finance, a decentralized finance platform, has announced plans to reimburse users who were affected by a recent $62 million hack. The platform has recovered 79% of the stolen funds and is working to determine fair compensation for affected users. Additionally, the US Securities and Exchange Commission (SEC) has rejected the ARK 21 Shares spot Bitcoin exchange-traded funds (ETF) and has extended the decision-making process by 21 days. ARK Investment Management had predicted the delay and is aiming to be listed on the Cboe BZX Exchange. The SEC previously disapproved the company's proposals for a cryptocurrency ETF. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

coinfeeds-bot

tldr; FC Barcelona has secured a €120 million investment from Libero Football Finance AG and Nipa Capital B.V. for its Barça Vision Web3 initiative. The investment will be used to consolidate all digital content related to Web3 and blockchain technologies, including NFTs and the metaverse. The transaction is subject to approval from FC Barcelona shareholders and is expected to be completed in the fourth quarter of 2023. This investment will help FC Barcelona further its Web3 ambitions and establish itself in the evolving digital landscape. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

Silver-dutch

According to data from 21e6 Capital AG, 97 crypto funds have shut down this year, representing a small percentage of the more than 700 funds worldwide Bigger picture

coinfeeds-bot

tldr; BTC hodlers outperformed crypto funds by 69% in the first half of 2023, according to data from 21e6 Capital AG. While crypto funds generated an average return of 15.2%, BTC saw gains of around 84%. The underwhelming performance of crypto funds was attributed to challenging market conditions and the large cash positions they held in late 2022. Many funds missed out on the significant BTC price rally in H1 of 2023. Despite improved investor sentiment, a "full recovery of sentiment" has not yet taken place. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; BTC hodlers outperformed crypto funds by 69% in the first half of 2023, according to data from 21e6 Capital AG. While crypto funds generated an average return of 15.2% during this period, BTC saw a price gain of roughly 84%. The underperformance of crypto funds was attributed to challenging market conditions and the large cash positions they held in late 2022. Many funds missed out on the BTC price rally in H1 2023 due to caution and developing cash buffers. Despite the struggle to hold above $30,000, BTC has gained 75% since the beginning of the year. The report suggests that investor sentiment has slightly improved, but a full recovery has not yet taken place. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; BTC hodlers outperformed crypto funds by 69% in the first half of 2023, according to data from 21e6 Capital AG. While crypto funds generated an average return of 15.2% during this period, BTC saw a price gain of roughly 84%. The underperformance of crypto funds was attributed to challenging market conditions and the large cash positions they held in late 2022. Many funds missed out on the BTC price rally in H1 2023 due to caution and developing cash buffers. Despite the struggle to hold above $30,000, BTC has gained 75% since the beginning of the year. The report suggests that investor sentiment has slightly improved, but a full recovery has not yet taken place. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; BTC hodlers outperformed crypto funds by 69% in the first half of 2023, according to data from 21e6 Capital AG. While crypto funds generated an average return of 15.2% during this period, BTC saw a price gain of roughly 84%. The underperformance of crypto funds was attributed to challenging market conditions and the large cash positions they held in late 2022. Many funds missed out on the BTC price rally in H1 2023 due to caution and developing cash buffers. Despite the struggle to hold above $30,000, BTC has gained 75% since the beginning of the year. The report suggests that investor sentiment has slightly improved, but a full recovery has not yet taken place. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Educational_Head_922

Ken Paxton got indicted multiple times like 9 years ago but he has money and more importantly is the AG of Texas so literally nothing has happened to him.

Independent_Level_77

Oof: The group argued that Bankman-Fried’s request to seal the documents is “internally inconsistent,” as he has already provided those documents to one news outlet. Inner City Press cited a previous case between Donald Trump and Deutsche Bank AG, which said that press members must be heard on their exclusion from court hearings and have a right to request the unsealing of court documents.

Status_Floor1746

It’s a joint bill! Historically the Commodity Future Trading Commission has been an AG Department since it deals with the food future options! It also operates 24/7 so Finance and AG got together and realized crypto would be better fit, for the most part, under the CFTC!

Status_Floor1746

I did just check out the AG site and found this little Fact v Myth sheet that I think people should check out! https://agriculture.house.gov/uploadedfiles/market_structure_myth_v_fact.pdf

coinfeeds-bot

tldr; Bankrupt crypto exchange FTX and its sister firm, Alameda Research, are seeking to recover over $71 million from philanthropic and life science entities. They allege that funds were diverted for the personal gain of their founder, Sam Bankman-Fried, under the guise of "effective altruism." The legal team argues that these investments were not driven by altruism but by Bankman-Fried's desire to accumulate political capital and influence. FTX has taken legal action against individuals associated with FTX Europe AG to reclaim a $323 million investment. The exchange's financial troubles have also affected the Metropolitan Museum of Art, which returned $550,000 in donations. FTT, FTX's native token, has seen a 1% surge in the past 24 hours. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Musiclover4200

Hell I remember arguing with people on reddit in 2016 who were saying trump would legalize cannabis just because he spouted some BS, of course he immediately appointed Jeff Sessions as AG who was very anti cannabis.

tldrthestoryofmylife

Don't give Gary credit for this; it was the New York State AG's office who filed the case. Gary's about as useful as a sack of bricks, as always.

coinfeeds-bot

tldr; European banks are leading the global race in providing bitcoin custody services, while U.S. banks face regulatory challenges. The U.S. Securities and Exchange Commission's guidelines treating customers' crypto assets as liabilities have proven to be a significant hurdle for U.S. banks. In contrast, European banks have been proactive, with major institutions like Deutsche Bank, Credit Agricole's CACEIS, BNP Paribas, and DZ BANK AG announcing plans to offer digital asset custody services. The demand for these services is fueled by the increasing involvement of U.S. households in crypto-assets and the growing interest among younger generations. U.S. banks need to overcome regulatory challenges and meet the evolving needs of their customers. The success in the crypto custody race will be determined by adaptability, resilience, and a clear understanding of the complexities of the crypto world. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; European banks are leading the global race in providing bitcoin custody services, while U.S. banks face regulatory challenges. The U.S. Securities and Exchange Commission's guidelines treating customers' crypto assets as liabilities have proven to be a significant hurdle for U.S. banks. In contrast, European banks have been proactive, with major institutions like Deutsche Bank, Credit Agricole's CACEIS, BNP Paribas, and DZ BANK AG announcing plans to offer digital asset custody services. The demand for these services is fueled by the increasing involvement of U.S. households in crypto-assets and the growing interest among younger generations. U.S. banks need to overcome regulatory challenges and meet the evolving needs of their customers. The success in the crypto custody race will be determined by adaptability, resilience, and a clear understanding of the complexities of the crypto world. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; European banks are leading the global race in providing bitcoin custody services, while U.S. banks face regulatory challenges. The U.S. Securities and Exchange Commission's guidelines treating customers' crypto assets as liabilities have proven to be a significant hurdle for U.S. banks. In contrast, European banks have been proactive, with major institutions like Deutsche Bank, Credit Agricole's CACEIS, BNP Paribas, and DZ BANK AG announcing plans to offer digital asset custody services. The demand for these services is fueled by the increasing involvement of U.S. households in crypto-assets and the growing interest among younger generations. U.S. banks need to overcome regulatory challenges and meet the evolving needs of their customers. The success in the crypto custody race will be determined by adaptability, resilience, and a clear understanding of the complexities of the crypto world. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; JP Morgan has conducted its first blockchain transaction for corporate clients in Europe using its own token, JPM Coin. The Euro-denominated payment was made by Siemens AG on JP Morgan's permissioned blockchain. JPM Coin is only available to institutional clients for settling payments. The bank's Coin Services division, launched in 2019, allows transfers between client accounts to take place 24/7 using the blockchain. Transactions made using JPM Coin add up to about $300bn. German software giant SAP is also using Circle's US Dollar Coin to test cross-border payments. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; JPMorgan has expanded its blockchain-based payment system, JPM Coin, to include euro-denominated payments for corporate clients. The first euro payment was reportedly made by Siemens AG. JPM Coin has processed over $300 billion worth of transactions since its launch in 2019 and is part of JPMorgan's blockchain-based platform known as Onyx Coin Systems. The platform aims to improve the quality of wholesale payment transactions and has processed nearly $700 billion worth of short-term loan transactions as of April 2023. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

DeliciousSkin3358

The AG has no way to prove that information provided to them are fake since only Tether has the information and no reputable auditing firms have ever audited it.

iterativ

So, the AG accepted fake information ?

Obsidianram

Re-Title: NY AG extorts 1.7M from small business...

AvatarOfMomus

SBF and Do Kwon are both out on bail. Alex Mashinsky hasn't been charged with a crime, though he is being sued by the NY AG among others. Alex Pertsev is out on bail as of April. Binance and Coinbase are being sued for the same shit SBF and Celsius did.

Rogue_Wallet

It does feel inevitable. The entity iFinex and its subsidiaries, including Bitfinex and Tether Limited, has been the subject of frequent investigation, fines, and litigation from the CFTC. As recently as February 2021, iFinex came to a monetary settlement, without admitting wrongdoing, in a case brought by the NY Attorney General's office. The AG had alleged that Bitfinex had used illegal shadow banking to make up for its inability to secure a reliable fiat banking relationship with a licensed institution. Various critics online have frequently called into question Tether's dollar reserves, and whether Tether is being honest with its claims of sufficiency. Given all of those factors, I'd estimate it is a matter if when, not if, more US agencies are going to sue iFinex or Tether.

VladimirSobotka

> For example, by 2021, at least $145 million was transferred from BAM Trading [i.e. Binance.us] to a Sigma Chain account, and another $45 million of funds were transferred from BAM Trading’s Trust Company B account to the Sigma Chain account. From this account, Sigma Chain spent $11 million to purchase a yacht. And: > From at least September 2019 until June 2022, Sigma Chain AG (“Sigma Chain”), a trading firm owned and controlled by Zhao, engaged in wash trading that artificially inflated the trading volume of crypto asset securities on the Binance.US Platform.

AlienTrader44

Next time use a wallet and a service like Bittr AG, no kyc, fair price. I have not touched CEX in a long time. This thing is a blessing!

Asleep_Plant6117

Fiat Daimler AG isn’t it

lexwolfe

SIGMA CHAIN AG [https://www.northdata.com/Sigma+Chain+AG,+Zug/CHE-440.748.176](https://www.northdata.com/Sigma+Chain+AG,+Zug/CHE-440.748.176) Merit Peak Ltd [https://www.datocapital.vg/companies/Merit-Peak-Ltd.html](https://www.datocapital.vg/companies/Merit-Peak-Ltd.html)

drhodl

America has really dropped it's pants and displayed how shitful it's justice system is, in these past few years. If you are white and rich, there are different laws pertaining to you. That has clearly been demonstrated over and over. So, if AG Merrick Fucking Garland ever stands up to publicly talk about applying law "without fear or favor" again, I think I'll puke. At this point, anyone claiming US law/justice is blind, is a fucking public liar.

BlubberWall

A state AG should not be influencing something under federal jurisdiction like this. Crypto is clearly under interstate commerce, it’s way out of his control. States can’t make rules about which stocks their citizens invest in, just because the federal government has been dragging its feet doesn’t give NY the power to do this

wileyfox91

New York AG wants to earn more taxes om crypto

johnruben

**Crypto Forefront 19 May -** \- Coinbase rolls out zero fee trading program, expands outside US \- New York AG settles with coin cafe for $4.3 million \- Shiba Inu announces special SHIB-themed crypto wallets \- Mexico's top internet provider integrates bitcoin payments \- Australia's oldest bank bans payments to Binance and other crypto exchanges \- IBEX and Grupo Salinas, the third-largest Mexican conglomerate, join forces in a partnership to enable Lightning payments, marking a significant development in the acceptance of digital transactions. \- Ripple revolutionizes CBDC development with new platform for CBDCs and stablecoins. \- Hong Kong Embraces Digital Transformation: HKMA launches e-HKD Pilot Programme, revolutionizing payments and settlements.

chance_waters

Look, as you and the AG have said, Tether were at times in the past completely insolvent, if this case had never gone forward I believe they would have continued to operate in insolvency. It's my personal opinion that given the people running Tether, they likely intended to rug, however were so successful that they were able to turn legitimate over time. I'm sure you've watched the Coffeezilla special which has a lot of pretty damning arguments, but I do believe Tether now have the funds they purported to in the past. I think the current risk free rate of return is milking billions for them. My worry though is that they are an unscrupulous team, and that in the future if interest rates dry up they will increase their risk profile to keep profits coming. The sheer amount of "commercial paper" they have held in the past as a proportion of their funding (which, let's be real, could easily be their own exchange and companies like Celsius and 3Arrows) is very scary. There is no reason for them to hold any of this shit, the money should be in high interest savings accounts, it's not their cash and they are not regulated or backed by a government that will throw a trillion dollars at them if they fuck up.

Upset-Principle9457

Swissquote dukascopy Bank Frick & Co. AG FIDOR Bank AG Xapo Bank Limited SEBA Bank AG Maerki Baumann & Co. AG InCore Bank AG Sygnum Bank AG

Jadenindubai

New york has an actual capable AG thankfully

Jadenindubai

I mean regulation is needed but depends what do they call “regulation”. If the regulation js in the form like the ones presented by the NY AG to stop another FTX and Terraforming Labs form happening then I frankly agree.

marsangelo

>“The bill would require crypto companies to refund customers who are victims of fraud the way banks do. It would also give the attorney general’s office power to enforce tighter regulations for the industry and “force” independent and public auditing of crypto companies. >The legislation would also address conflicts of interest and and bolster investor protection. It would “prevent people who create crypto assets from also owning crypto platforms” and stop crypto firms from borrowing or lending investor assets.” I dont see much of a problem with this, other than broad and unilateral authority granted to the AG. Misrepresentations of FDIC insurance have gone completely unchecked, audits/attestations are weak and proprietary, and exchange tokens **are fucking securities** that have only costed people money.

DinoCoiner

NY AG seeks more control over crypto firms. Balance between regulation and innovation needed.

coinfeeds-bot

tldr; New York AG Letitia James has proposed legislation that would give the state's Attorney General's office more authority to regulate the crypto industry. The bill would also codify the term "stablecoin" to only apply to tokens that remained backed with one-to-one U.S. dollar reserves or "high-quality liquid assets." Exchanges would be required to reimburse users who were victims of fraud. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

No-Setting9690

The authority of the CFPB has been questioned from the moment it existed. Beyond banks and crypto, it is the one place a consumer can go that has some grit to it. People think a BBB complaint means something, it does not. Although a state AG complaint has some serious power as well.

Extremely-Bad-Idea

Do you follow the news? The SEC has taken action against several exchanges in recent weeks. The SEC hit Kraken very hard. KuCoin is under attack by the NY AG. Coinbase is looking to relocate its HQ out of America to Bermuda to escape SEC harassment. The list goes on . . .

OptimusPrimEvil

>The first offering is the EURt7 tokenized bond which is issued by LCX AG offering a fixed coupon of 7% per annum. The EURt7 token has a minimum investment requirement of EUR 1,000, thus limiting the maximum number of investors to 10,000. I don't know why, but the way this is written *feels* scammy.

Status_Floor1746

The AG committee is in charge of the Commodities Future Trading Commission or CFTC. They regulate the futures of AG products which is a 24/7 market so it has been argued they should be in charge of crypto regulation.

coinfeeds-bot

tldr; South Korean prosecutors have charged 10 people for allegedly transferring $100 million in Bitcoin to Swiss bank Sygnum Bank AG. The money was transferred to the Swiss bank after the collapse of Terraform Labs. Prosecutors have received requests from both South Korean and U.S. agencies to freeze the bank's accounts. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Dry_Expression

Just a note: The German Volks- und Raiffeisenbanken are not the same as the Raiffeisenbank International AG. They just share the name Raiffeisen with many other unrelated companies, because they were founded with the same core principles of a co-operative bank based on the ideas of Friedrich Wilhelm Raiffeisen.

ConstructionSalty237

Few questions on this comment: 1. Bitcoin transactions have been executed via radio, how do you account for this when stating Bitcoin would fail if all advanced technology fails? 1.B. If all advanced technology failed, wouldn’t all records of wealth be destroyed anyway? You could still have physical AU and AG, but you’d be back to physically transporting your store of wealth. Meanwhile, as long as one node survives, the Bitcoin blockchain could be revived. 2. Why is there little doubt in your mind that the 21M max will be increased? 3. How do you define representation when saying digital currencies have no representation by the people? What do you consider governance tokens? 4. You appear to dramatically over-simplify the precious metals industry. No advanced degree or technology required for mining and anyone can go to a river and find precious metals? When’s the last time anyone has found enough precious metals in a river to even make up $10? Then mining - an incredible amount of machinery, funding, and fossil fuels are required to extract, transport, and process metals. All data shows that mining Bitcoin is both more feasible for the general public, than mining metals, and produces less CO2. 5. You appear to have a dislike for subjective opinions, yet how do you justify your argument on the value of metals being imprinted on our souls? Sure, people like jewelry, but there’s also a wave of youths that don’t buy into the precious metals and stones industries because they are against the mining processes and feel experience is more valuable than material objects.

J05H_UA123

Tell me who created BC and I'll by 20 of the today. Whatever you say don't say the CIA. I am not cashing in my AU/AG stacks for some code on a thumb drive.

J05H_UA123

Tell me who created BC and I'll by 20 of the today. Whatever you say don't say the CIA. I am not cashing in my AU/AG stacks for some code on a thumb drive.

J05H_UA123

Do you remember when bitcoin was first a thing. It was 1. untraceable 2. untaxable 3. inherently valuable /w proof of work ( BS, I can prove work by digging a hole and filling it up again. It sound nice to fool ppl.)3. Cheap and secure to use. and so on. None of that is true and yet ppl still act like it is a savior. Why do you think BC was allowed to rise the way it did. They wanted adoption not because of soundness, but because of greed. The Globalist played the long game by taking advantage of basic human greed. I don't by AU and AG to get rich, but if I get rich then great. I do it because it has real value and it does not promote CBDC (anyone could have seen this coming). It actually is outside the system and can't be track or traced. It actually does have inherent value. Anyone who buys AG/AU does it as a matter of principle, so you are wrong about that as well. Yes, I have a bias, because it's a trap.

coinfeeds-bot

tldr; VeChain has been selected by Gustav Gerig AG, a major brand specialist in the European Economic Area, to enhance its monitoring service significantly. Consumers will be able to track the provenance of their Tuna fish and ascertain whether it was procured in an environmentally sustainable manner. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Nicks_WRX

New York AG be like “Do your thing Tether, we see you and respect you.”

lj26ft

The SEC hasn't claimed ETH is a security. They deferred to AG NY state court so it looks like something is being done about Ethereum while they cover up their involvement with it. Gensler and Lubin go back way before Ethereum ever started. Gensler Novogratz and Lubin all worked at GoldmanSachs at the same time. The SEC and CFTC have both been consistently pushing Ethereum and it hasn't changed from Clayton to Gensler.

lj26ft

It goes against the fiction of decentralization that people have been fed. They don't want to hear how shareholders of Consensys have been in a lawsuit with Lubin for 4 years now where he sold the company to a US shell Consensys AG that's owned by JPMorgan and it has literally dozens of shell companies underneath it. They believe Ethereum is different from XRP because Ripple is centralized lol. No mention of the umbrella of A16Z Andresson Horowitz. From its public face Ethereum looks Decentralized and each layer 2 spontaneous growth. Like magic it was declared decentralized by Hinman in his famous speech after not even 2 years in development. The reality is the organization is a byzantine corporate structure designed to get around securities laws and to shut down crypto from the inside. Controlled opposition.

coinfeeds-bot

tldr; Deutsche WertpapierService Bank AG (dWPbank) has announced the launch of its new platform, wpNex, that enables over 1,200 affiliated banks to offer Bitcoin trading to its retail customers. Customers can see their cryptocurrency holdings alongside their traditional securities, with no pre-funding necessary. DZ Bank plans to offer a Bitcoin option for its customers by the end of the year. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Equivalent-Total1801

Me neither. >As a transaction bank, the Deutsche WertpapierService Bank AG (dwpbank) handles the securities processing for financial institutions from the savings bank and cooperative sector, but also from the private and commercial banking sector in Germany. dwpbank currently manages around 5.34 million securities accounts. But I guess we wouldn't have.

coinfeeds-bot

tldr; Deutsche WertpapierService Bank AG (dWPbank) has announced the launch of its new platform, wpNex, that enables over 1,200 affiliated banks to offer Bitcoin trading to its retail customers. Customers can see their cryptocurrency holdings alongside their traditional securities, with no pre-funding necessary. DZ Bank plans to offer a Bitcoin option for its customers by the end of the year. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The US Department of Justice is investigating two Swiss financial firms, Credit Suisse Group AG and UBS Group AG, to check whether the financial channels helped Russian users evade implied sanctions. The US has been applying sanctions to stop financial institutions from facilitating Russian residents. The investigations are to determine whether the bank's personnel facilitated sanctioned users. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*