CryptoNews

Goldman Sachs Wealth Management CIO: Crypto Is Not an Investment Asset Class – Markets and Prices Bitcoin News

April 5, 2024
The chief investment officer of Goldman Sachs’ Wealth Management unit does not see cryptocurrency as an investment asset class. She also believes that bitcoin “creates absolutely no value in any shape or form.” Her perspective differs from that of some other Goldman Sachs executives regarding bitcoin and cryptocurrencies. ‘We Do Not Think It Is an Investment Asset Class’ The chief…
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CryptoNews

Binance: Detained Executive Lacks Decision-Making Authority, Must Be Released

April 4, 2024
Tigran Gambaryan, the Binance employee detained by Nigerian authorities, is a stringent law enforcement professional with no decision-making authority, according to the crypto exchange. Through his Financial Crime Compliance (FCC) team, Gambaryan has responded to more than 600 information requests from Nigerian authorities. Gambaryan Hired to Assist Binance with Past Compliance Issues Tigran…
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Crypto.com Expands Into South Korean Crypto Market

April 3, 2024
Cryptocurrency trading platform Crypto.com is entering the South Korean crypto market with its app launch. “We spent significant time and resources tailoring our offering for this market and are honored to be the first and largest global cryptocurrency exchange to launch…
CryptoNews

Stablecoin Issuer Tether Completes SOC 2 Type 1 Audit Security

April 3, 2024
Tether, the USDT stablecoin issuer, announced on April 1 that it had completed the System and Organization Controls (SOC) 2 Type 1 Audit, the highest level of security compliance achievable. Tether stated that the audit’s completion demonstrates the robust information technology control measures it has in place, ensuring the safety of its systems. Gold Standard in Security Compliance Tether, the…
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48 US Lawmakers Ask SEC Chair Gensler to Clarify Whether ETH Is a Security — Warn of 'Negative Repercussions'

April 2, 2024
Forty-eight U.S. lawmakers have sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler asking him to clarify whether ether is a security. “The negative repercussions of the SEC implicitly or directly classifying ETH as a digital asset security will cascade throughout the digital asset marketplace both in the short and long term,” they warned. Congress Members Want…
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