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Democratic Senators Urge SEC Chair Gensler Against Crypto ETF Approvals, Cite “Significant” Risks
15.3.2024
Democratic Senators Laphonza Butler (D-CA) and Jack Reed (D-RI) are pushing United States Securities and Exchange Commission (SEC) Chair Gary Gensler to “strictly limit” the approval of crypto-based ETFs. The senators claim that further approval of crypto ETFs in the U.S. could pose "significant"...
Institutional Interest for Bitcoin Rises, Yet Challenges May Hamper Future Adoption
14.3.2024
Institutional interest for Bitcoin and other digital assets has been apparent in previous years. Yet industry experts believe that investors are taking a newfound interest in Bitcoin (BTC) following the approval of 11 US spot Bitcoin exchange-traded funds (ETFs). David Lawant, Head of Research...
Coinbase CEO: Adopting Bitcoin Is A Return To The Gold Standard
13.3.2024
Coinbase CEO Brian Armstrong believes widespread Bitcoin adoption could mirror a return to the gold standard, potentially stabilizing prices and addressing the escalating U.S. national debt.
The post Coinbase CEO: Adopting Bitcoin Is A Return To The Gold Standard appeared first on Cryptonews
Bitcoin Fog Mastermind Found Guilty in Historic Money Laundering Case
13.3.2024
The founder of Bitcoin Fog, a major crypto-mixing service, has been convicted of money laundering in a United States District Court.
The post Bitcoin Fog Mastermind Found Guilty in Historic Money Laundering Case appeared first on Cryptonews
FDIC Vice Chairman Takes Aim at Controversial SAB 121, Pushes for Regulatory Clarity
12.3.2024
Federal Deposit Insurance Corporation (FDIC) Vice Chairman Travis Hill criticized the United States Securities and Exchange Commission's (SEC) controversial SAB 121 while saying that the FDIC’s regulatory approach has “significant downsides" amidst larger discussions around the regulation...
Crypto’s Rising Influence in 2024 U.S. Elections: A Game Changer, Says Analyst
12.3.2024
FOX Business analyst Eleanor Terrett opined on March 11 that the cryptocurrency industry is gaining influence as the 2024 U.S. elections draw near, citing increasing influence of crypto advocacy groups like the Stand With Crypto Alliance.
The post Crypto’s Rising Influence in 2024 U.S. Elections:...
Coinbase Sues SEC for Crypto Rulemaking Refusal, Calls for Clarity
12.3.2024
Coinbase takes legal action against the SEC, pressing for a court order to compel the regulatory body to start developing specific rules for crypto operations and oversight.
The post Coinbase Sues SEC for Crypto Rulemaking Refusal, Calls for Clarity appeared first on Cryptonews
Hong Kong Financial Institutions Eye Ethereum ETFs to Bolster Global Crypto Market Position
11.3.2024
In the wake of the successful launch of Bitcoin spot ETFs in the United States, financial institutions in Hong Kong are gearing up to tap into the growing demand for cryptocurrency investment products.
The post Hong Kong Financial Institutions Eye Ethereum ETFs to Bolster Global Crypto Market...
Do Kwon Extradition To South Korea Challenged Again By U.S. Prosecutors
8.3.2024
Terra founder Do Kwon has been caught in a legal battle between the United States and South Korea over which nation gets to extradite the crypto mogul to their turf.
The post Do Kwon Extradition To South Korea Challenged Again By U.S. Prosecutors appeared first on Cryptonews
Fed Chair Jerome Powell Addresses Concerns Over CBDCs, Prioritizes Privacy
8.3.2024
In a recent Senate Banking Committee hearing, Jerome Powell assured lawmakers that the Federal Reserve is not pursuing a CBDC anytime soon and “not far” from cutting interest rate.
The post Fed Chair Jerome Powell Addresses Concerns Over CBDCs, Prioritizes Privacy appeared first on Cryptonews
SEC Delays Decision on Options Trading on Spot Bitcoin ETFs
8.3.2024
The United States Securities and Exchange Commission (SEC) has delayed the decision to approve options trading on spot Bitcoin exchange-traded funds (ETFs).
The post SEC Delays Decision on Options Trading on Spot Bitcoin ETFs appeared first on Cryptonews
SEC Commissioners Criticize Agency’s Crypto Enforcement Strategy Following ShapeShift Settlement
7.3.2024
SEC Commissioners Hester Peirce and Mark Uyeda voice concerns over the lack of clarity in crypto regulations after ShapeShift’s recent settlement of $275,000.
The post SEC Commissioners Criticize Agency’s Crypto Enforcement Strategy Following ShapeShift Settlement appeared first on Cryptonews
SEC Accepts ShapeShift’s $275,000 Settlement Over Crypto Securities Charges
6.3.2024
The U.S. SEC concludes its cease-and-desist action against ShapeShift with a $275,000 settlement, addressing charges of the firm selling crypto securities without proper registration.
The post SEC Accepts ShapeShift’s $275,000 Settlement Over Crypto Securities Charges appeared first...
US Court Rules Crypto Trades on Secondary Markets as Securities Transactions
4.3.2024
In a pivotal insider trading case, a U.S. court has ruled that trading of crypto assets on secondary markets like Coinbase constitutes securities transactions, setting a new legal precedent.
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House Financial Services Committee Votes In Favor of Resolution to Overturn SEC’s SAB 121
1.3.2024
The House Financial Services Committee voted on Thursday to proceed with a resolution that would “reverse” the United States Securities and Exchange Commission’s (SEC) controversial digital asset accounting bulletin, SAB 121, which critics claim has "serious ramifications" for the banking...
Police Department Apologizes For Tone-Deaf Call Of Duty Recruitment Ad
1.3.2024
A Peoria, Illinois police department tried to recruit new officers with a Call of Duty-inspired campaign on social media, and it was as tone-deaf as you’d imagine. The post, originally shared on the Peoria Police Department’s social media page, showed three white men posing with guns while wearing...
Chamber of Digital Commerce Files Brief on Behalf of Kraken in Controversial SEC Case
29.2.2024
Crypto advocacy group the Chamber of Digital Commerce has thrown its support behind Kraken in its battle against the United States Securities and Exchange Commission (SEC), according to a February 27 court filing. The brief marks the latest stage in Kraken's legal saga with the federal agency...
Crypto Bros Are Falling For Romance Scams At A Record Rate: Chainalysis
29.2.2024
Romance scams were a brutal driver of illicit crypto activity last year, according to blockchain investigators at Chainalysis. The blockchain intelligence platform’s 2024 Crypto Crime Report states that so-called “pig butchering scams” nearly doubled their revenue in 2023 compared to 2022, and have...
SEC Flags Terraform Labs’ $166 Million Payment to Lawyers – What’s Going On?
29.2.2024
The United States Securities and Exchange Commission (SEC) has flagged Terraform Labs $166 million in payments to Denton since 2023.
The post SEC Flags Terraform Labs’ $166 Million Payment to Lawyers – What’s Going On? appeared first on Cryptonews
Marathon Digital Reports Record $387.5 Million Revenue in 2023, Marking a 229% Increase
29.2.2024
Marathon Digital, a prominent Bitcoin mining company based in the United States, has seen a remarkable surge in revenue in 2023, leading the company to achieve substantial profitability.
The post Marathon Digital Reports Record $387.5 Million Revenue in 2023, Marking a 229% Increase appeared first...