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☆ NHL roundup: Bruins top Blues, reach historic 60-win mark
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +6 min

[1/5] Apr 2, 2023; St. Louis, Missouri, USA; Boston Bruins center Trent Frederic (11) takes the face-off against St. Louis Blues right wing Kasperi Kapanen (42) during the first period at Enterprise Center. St. Louis (35-35-7, 77 points) was eliminated from playoff contention with the result. The Blues received two goals from Jordan Kyrou, the second of which made it a 3-3 game with 25 seconds remaining in regulation. Brayden Schenn assisted on all three St. Louis goals. St. Louis native Trent Frederic collected two assists and Linus Ullmark recorded 35 saves.

☆ NHL roundup: Carter Verhaeghe nets career-best 4 goals in Panthers' win
▼ + stars: | 2023-04-02 | by ( ) www.reuters.com time to read: +9 min

Sabers 6, Flyers 3Alex Tuch scored his second career hat trick to help Buffalo to a win against host Philadelphia. Morgan Frost scored twice and Felix Sandstrom made 23 saves for the Flyers, who had their seven-game point streak snapped. Avalanche 5, Stars 2Nathan MacKinnon had two goals, Mikko Rantanen had a goal and three assists, and host Colorado beat Dallas. Ben Hutton, Zach Whitecloud and Brett Howden also notched goals for Vegas, which is 5-1-1 in its past seven games. J.J. Moser and Milos Kelemen scored for the Coyotes (27-37-13, 67 points), who have dropped seven straight games (0-5-2).

☆ Bitcoin outlook: Crypto may be in a bull market now, but investors should still tread carefully
▼ + stars: | 2023-04-02 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +8 min

The case for a new crypto bull market has been slowly growing since the beginning of the year and gained more strength still in March. For Orsini, the new bull market in crypto began on Jan. 13, when bitcoin broke through its 200-day moving average. "But an enduring secular bull market will have clarity and regulation underpinning it." "When that framework gets introduced you're going to be closer to the beginning of a secular bull market." Less liquidity, bigger swings Bull market or not, investors agree it'll be no straight line up over the next few months.

☆ NHL roundup: Bruins clinch league's best record
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +7 min

Pastrnak took Hampus Lindholm's feed into the offensive zone and finished with the backhand for his 53rd goal of the season. Tyler Bertuzzi scored the lone Bruins goal of regulation, tying the game in the second period. Mario Ferraro had a goal and an assist and Oskar Lindblom and Tomas Hertl also scored for San Jose. Defenseman Henry Thrun, making his NHL debut after starring at Harvard, added two assists, and James Reimer finished with 23 saves. Blues 5, Blackhawks 3Brandon Saad scored one goal and set up another as St. Louis handed host Chicago its seventh straight loss.

☆ Bitcoin’s correlation with stocks is at its lowest since 2021 as investors grapple with the cryptocurrency's narrative shift
▼ + stars: | 2023-03-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The break became more noticeable in March, as investors rediscovered bitcoin's appeal as alternative banking system as the regional banking crisis unfolded. Bitcoin's correlation with the S & P 500 is now at its lowest since September 2021, after reaching its highest ever in 2022 , according to Coin Metrics. Meanwhile, bitcoin's correlation with gold, a traditionally "risk-off" asset, has risen. This break in correlation is perhaps a sign more investors are waking up to this fact." Bitcoin became more of an institutional asset at the start of 2021 as big investors, short term traders and macro funds jumped into the market.

☆ Congress should provide clarity on how crypto can be regulated: Kraken
▼ + stars: | 2023-03-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe hope Congress will come in with legislation to clarify how crypto should be regulated: StrategistThomas Perfumo of Kraken says "as a firm in the U.S., it's quite difficult to navigate this current environment."

☆ Experts from Amberdata, Custodia Bank, and United States for Kraken discuss the role digital assets are going to play in the future of finance
▼ + stars: | 2023-03-29 | by ( Elizabeth Wood | ) www.businessinsider.com time to read: +4 min

Today's financial system is growing, transforming, and increasingly focused on the adoption of digital assets. Shawn Douglas, cofounder and CEO of Amberdata, said that, "Digital assets are the "financialization of the internet," citing blockchain to safeguard real-world assets and, in digital rights management (like NFTs) as examples. CEO of Custodia Bank, Caitlin Long, believes the role of digital assets exists in the payments world. There are, of course, challenges to adopting digital assets including concerns about centralized banks and government agencies. Throughout the conversation, Hirsch remained focused on the potential digital assets have to enable greater freedom globally.

☆ Binance 'could be in big trouble' as the CFTC lawsuit alleges the crypto behemoth dodged regulators and breached laws
▼ + stars: | 2023-03-28 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +10 min

Binance is being blow-torched from all angles as US regulators close in on the world's largest crypto exchange. The CFTC sued the exchange this week for violating US financial laws, whilst some reports suggest Binance has engaged in secret fund transfers. On Monday, the Commodities Futures and Trading Commission (CFTC) sued Binance and Zhao himself, for allegedly breaching US financial laws. Following the shocking implosion of Sam-Bankman Fried's FTX exchange late last year, concerns have risen whether Binance faces similar risks. If US authorities decide the links meant the crypto exchange had control over the US platform, it could expose the company to enforcement action.

☆ NHL roundup: Bruins lock down Atlantic Division title
▼ + stars: | 2023-03-26 | by ( ) www.reuters.com time to read: +11 min

Hathaway has scored three goals since joining the Bruins in late February, two of which have been go-ahead tallies. Linus Ullmark made 11 of his 26 saves in the third period, improving to 11-1-0 in his last 12 starts. For the Lightning, Victor Hedman scored the lone goal and Andrei Vasilevskiy was credited with 32 saves. Leon Draisaitl had a goal and an assist, and Zach Hyman and Warren Foegele also scored for Edmonton. Ottawa captain Brady Tkachuk scored his seventh goal in seven games and Mark Kastelic and defenseman Thomas Chabot also tallied.

☆ NHL fans are not happy about the league's new choice for its jerseys. Photos of Fanatics gear show why
▼ + stars: | 2023-03-25 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +2 min

The NHL announced Tuesday that it chose sports apparel brand Fanatics as its official on-ice uniform partner, replacing Adidas. "Coming 2024: NHL 🤝 Fanatics," the league wrote on Twitter this week. "The NHL going from Adidas jerseys to Fanatics jerseys," one user quipped above a photo of a poorly drawn horse. One user slammed the NHL and Fanatics as a natural partnership because they're both "fan unfriendly, low quality, and cheap." I had a Fanatics NHL jersey in my car and someone broke into my car and left two more," a Seattle Kraken fan account wrote on Twitter.

☆ Coinbase could tumble more than 45% as prolonged SEC battle unfolds, TD Cowen says
▼ + stars: | 2023-03-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

A prolonged battle with the U.S. Securities and Exchange Commission will weigh on shares of Coinbase near term, according to TD Cowen. Stephen Glagola downgraded shares of the cryptocurrency exchange operator company to underperform, citing "incremental risk to operations" as the SEC cracks down on crypto banking. The downgrade from TD Cowen comes after the SEC this week issued a Wells notice to Coinbase that warned the company of potential U.S. securities law violations. Glagola also views Coinbase's staking business at risk after Kraken shuttered its own staking operations in a settlement with the SEC . A forced closure of this business would weigh on a component of Coinbase's subscription and services revenue, Glagola wrote.

☆ Bitcoin’s market dominance is climbing. Here’s what that says about interest rate expectations
▼ + stars: | 2023-03-23 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Bitcoin's market dominance has been climbing in March and is now up to levels not seen since June. Investors use it to determine which parts of the crypto market are outperforming or underperforming relative to their peers. When bitcoin dominance climbs, it implies that bitcoin is doing well, but more specifically, it means its outperforming altcoins. Bitcoin dominance has risen steadily since March 8, the day after Silvergate Bank announced its voluntary liquidation. "That's reflecting a view that a lot of macro investors have, that we're either at or very near the bottom of this macro cycle."

March 22 (Reuters) - The U.S. Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc (COIN.O) over some of the crypto exchange's products, turning up the heat on the largely unregulated sector. Shares of Coinbase dropped nearly 13% to $67.33 in extended trading after the company said on Wednesday that the regulator had issued it a Wells notice - a formal declaration that SEC staff intend to recommend an enforcement action. Last month, Kraken agreed to shut down its U.S. cryptocurrency staking service and pay $30 million in penalties to settle SEC charges that it failed to register the program. Earlier in the day, the SEC charged Chinese cryptocurrency entrepreneur Justin Sun with fraud, and accused eight celebrities including actress Lindsay Lohan with illegally promoting his crypto assets. A Wells notice does not always result in charges or signal that the recipient has violated any law.

The Securities and Exchange Commission issued crypto exchange Coinbase a Wells notice, warning the company that it identified potential violations of U.S. securities law. "Based on discussions with the Staff, the Company believes these potential enforcement actions would relate to aspects of the Company's spot market, staking service Coinbase Earn, Coinbase Prime and Coinbase Wallet," Coinbase said in a regulatory filing. A Wells notice is typically one of the final steps before the SEC formally issues charges. Coinbase described the investigation as "cursory," and said the Wells notice provided relatively little information about potential violations. The SEC sent a Wells notice to stablecoin issuer Paxos in February.

☆ NHL roundup: Alex Ovechkin hits 40 goals for record 13th time
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +10 min

Mandatory Credit: Brad Mills-USA TODAY SportsMarch 22 - On a night he was honored for passing one NHL legend, Washington's Alex Ovechkin made history by eclipsing another. Before the game, Ovechkin was honored in a 20-minute on-ice ceremony for passing Gordie Howe for second place on the all-time NHL goals list on Dec. 23. On Tuesday, Ovechkin scored his 40th goal of the season, passing Wayne Gretzky for the most 40-goal seasons in NHL history with his 13th. Barrett Hayton scored the lone goal for Arizona (27-33-11, 65 points), which saw its four-game winning streak come to an end. Alex Chiasson and Filip Zadina scored regulation goals for the Red Wings, who earned just their third victory in their last 13 games.

☆ Texts from the Dominion lawsuit reveal the real Fox News
▼ + stars: | 2023-03-22 | by ( Brent D. Griffiths | Rebecca Zisser | ) www.businessinsider.com time to read: +8 min

Among the messages is a thread where Tucker Carlson privately bashes Trump. Dominion captured a number of texts that show Fox employees' apprehension about the growing conspiracy claims about the company's voting machines in the wake of the election. Top Fox News hosts, including Tucker Carlson, privately insulted Chris Wallace and hatched a plot for a rebellion — November, 16, 2020. In a group chat between the three biggest hosts, Carlson, Hannity, and Ingraham, few colleagues, including then-"Fox News Sunday" host Chris Wallace, were spared. In a group chat between the three biggest hosts, Carlson, Hannity, and Ingraham, few colleagues such as then-"Fox News Sunday" host Chris Wallace were spared.

☆ Op-ed: Crypto and blockchain need a trellis, not just a weed killer, says Scaramucci
▼ + stars: | 2023-03-21 | by ( Anthony Scaramucci | ) www.cnbc.com time to read: +4 min

You might not know this, but Goldilocks and the Three Bears is actually a story about the debate currently surrounding regulation of the blockchain and crypto industries. The agency nearly doubled the size of its crypto assets enforcement unit last May. Many in the crypto industry want this "regulation by enforcement" to stop. It's as much of a trellis for good plants as it is a weed killer. Scaramucci is the founder and managing partner of SkyBridge Capital, an alternative asset manager and SEC-registered investment adviser.

Murphy sought to provide context for the defamatory statements alleged by Dominion and argued that reasonable viewers understood that the claims aired on Fox News were mere allegations. The Fox News statements cited by Dominion included a Twitter post by former Fox Business host Lou Dobbs that included pro-Trump hashtags. Lawyer Justin Nelson answered no, saying Dominion's allegation is that Fox knew Trump's lawyers were going to make false claims but hosted them on its shows anyway. Abby Grossberg, who was head of booking for Fox News host Tucker Carlson, said coaching and intimidation by Fox lawyers before her deposition left her "feeling pressured not to name names or to implicate others, in particular prominent male on-air personalities and Fox News executives." Fox said in a statement on Tuesday that Grossberg's "allegations in connection with the Dominion case are baseless and we will vigorously defend Fox against all of her claims."

☆ The 'mother of all moral hazards': economist Nouriel Roubini cheers the demise of banks with ties to the crypto industry
▼ + stars: | 2023-03-13 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

In a series of tweets, he described the government's decision to backstop losses for depositors of Signature as "sickening." Silicon Valley Bank, Silvergate, and Signature have all closed in quick succession, with the cryptocurrency industry facing the loss of three of its most important banking partners. In an series of tweets on Monday, Roubini cheered the demise of the crypto-friendly banks. Roubini added that the government's decision to backstop losses for depositors of Signature Bank is just "sickening." "What is the logic of protecting the depositors of Signature Bank, a bank that recklessly decided to jump into the crappy crypto cesspool & bet the house on shitcoins biz?"

In papers filed with a state court in Manhattan, James is seeking a permanent injunction to stop KuCoin from operating in New York until it complies with the law. KuCoin trails Binance, Coinbase and Kraken in trading volume among cryptocurrency spot exchanges, according to the data company CoinMarketCap. Last month, James sued the CoinEx cryptocurrency platform for failing to register with the state. In January, 10 states including New York secured up to $24 million from the cryptocurrency company Nexo Inc, which they also accused of operating illegally. Reporting by Jonathan Stempel in New York; Editing by Diane Craft and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

☆ Binance continues to get more popular with Sam Bankman-Fried's FTX out of the picture, despite increased regulatory scrutiny
▼ + stars: | 2023-03-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Binance is extending its dominance in crypto trading since FTX collapsed in November. Its market share grew to 61.8% in February from 59.4% in January, CryptoCompare data showed. According to data from CryptoCompare cited by CoinDesk, Binance increased its market share for the fourth consecutive month in February, growing to 61.8% from 59.4% in January. Coinbase was a distant second with trading volume of $39.9 billion, down 29% from the prior month, and Kraken was third with $19.3 billion, down 11%. Meanwhile, former rival exchange FTX continues to wade through bankruptcy procedures and is effectively out of the picture as far as competition.

☆ Crypto firm BKCoin hit by emergency asset freeze over alleged $100 million Ponzi scheme that paid for co-founder's rent and vacations
▼ + stars: | 2023-03-07 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

The SEC Monday took emergency action against crypto firm BKCoin and its co-founder for allegedly running a fraud scheme. The company allegedly ran a $100 million Ponzi scheme that paid for its co-founder's rent and vacations. The asset freeze marks US regulators' intense crackdown on the crypto sector following FTX's collapse. BKCoin and Kang assured investors their money would be used to trade crypto, and that the company would generate returns for investors through separately managed accounts. "This action highlights our continued commitment to protecting investors and uprooting fraud in all securities sectors, including the crypto asset arena," said Eric Bustillo, director of the SEC's Miami office.

☆ Why Silvergate’s post-FTX financial woes could spell trouble ahead for crypto
▼ + stars: | 2023-03-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +8 min

Further, the spillover into a traditional bank and its stock price could fuel regulators' arguments that crypto poses a systemic risk. The big problem in crypto is that to buy bitcoin, you eventually have to interact with the traditional banking system. Silvergate's crypto bet worked for the bank, particularly in bull markets. A big part of Silvergate's crypto banking efforts was the Silvergate Exchange Network, better known as SEN, a platform that institutions used to move money to crypto exchanges. Custodia is a Wyoming-chartered special purpose depository institution designed to bridge the crypto and traditional banking systems.

☆ NHL roundup: Ivan Barbashev nets pair as Knights edge Canadiens
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +4 min

[1/3] Mar 5, 2023; Las Vegas, Nevada, USA; Vegas Golden Knights center Ivan Barbashev (49) celebrates after scoring a goal against the Montreal Canadiens during the first period at T-Mobile Arena. The Lightning didn't register a second-period shot on goal, going to the third period with just four for the game. It marked the sixth time in Carolina franchise history that an opponent went an entire period without a shot on goal. Flyers 3, Red Wings 1Nicolas Deslauriers, Noah Cates and Scott Laughton each scored one goal to lift host Philadelphia past Detroit. Laughton scored an empty-net goal at 18:12 of the third period in his 500th career game to seal the victory.

☆ SEC Is Cracking Down on Crypto Staking. Here’s What to Know.
▼ + stars: | 2023-03-05 | by ( Vicky Ge Huang | Paul Kiernan | ) www.wsj.com time to read: 1 min

Regulators are going after crypto staking, most recently with a $30 million fine in February against a crypto exchange called Kraken. The move has big implications for the crypto industry. Here’s what you need to know.

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