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SEC Chair Gensler Tempers Enthusiasm Over Ethereum ETF Applications
25.1.2024
Securities and Exchange Commission Chair Gary Gensler has downplayed the possibility of Ethereum ETF applications being approved in the near future. In a media briefing on January 24th, Gensler clarified that the recent approval Bitcoin ETFs by the agency was exclusive to Bitcoin. This...
South Korean ‘Crypto Drug Dealer’ Jailed for 7 Years
25.1.2024
A South Korean court has sent a drug dealer who sold narcotics to crypto-paying “customers” to jail for seven years. Per the news agency Yonhap, the Criminal Division of the Busan District Court also ordered the unnamed individual – referred to by the media as “A” – to pay a fine of over $9,000....
“We Squandered a Decade of Opportunities To Do Our Job,” SEC Commisioner Says
24.1.2024
The Commissioner of the United States Securities and Exchange Commission (SEC), Hester Peirce, seemed to express remorse over the federal agency’s handling of spot Bitcoin ETF approvals in a recent interview. Peirce says Ethereum ETF will not follow suit “We squandered a decade...
Arguments Conclude in Coinbase and SEC Case, Judge Holds on Decision
17.1.2024
Oral arguments kicked off in Manhattan Wednesday regarding the highly anticipated case against Coinbase brought forward by the United States Securities and Exchange Commission (SEC). “The SEC has violated due process” The federal agency originally filed the lawsuit against Coinbase in June 2023...
Game-Changing Subscription Model for Marketing Services Unveiled by Ninjapromo.io
16.1.2024
PRESS RELEASE. Ninjapromo.io, a pioneering force in the web3 marketing landscape, announces the launch of a subscription-based model that is set to redefine the dynamics of client-agency collaborations. This innovative approach empowers clients to subscribe for a specified number of hours...
Rating Agency Moody’s Report Highlights Tech Risks In Growing Tokenized Funds
15.1.2024
Source: Getty Images Moody’s Investor Services, a credit ratings and research provider, on Monday, highlighted the inherent tech risks associated with growing tokenized funds. Moody’s DeFi and Digital Assets expert team flagged the need for additional expertise in managing tokenized...
SEC Commissioner Criticizes Delay in Spot Bitcoin ETF Approval — ‘We Squandered a Decade of Opportunities’
13.1.2024
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has slammed her agency for the delay in approving spot bitcoin exchange-traded funds (ETFs). “Our arbitrary and capricious treatment of applications in this area will continue to harm our reputation far beyond crypto....
US Congressional Committee Demands SEC Briefing on Misleading Bitcoin ETF Information on X
11.1.2024
Source: AdobeStock A group of Republican lawmakers from the US House Financial Services Committee has urged Securities and Exchange Commission (SEC) Chairman Gary Gensler to address inquiries concerning the hack of the agency’s X account on January 9, 2024. In a press release on January...
Gary Gensler Maintains Stance on Crypto Despite SEC’s Spot Bitcoin ETF Approval
11.1.2024
Source: Adobe / Artsaba Family Securities and Exchange Commission (SEC) Chair Gary Gensler maintains a cautious stance on crypto despite the recent approval of spot Bitcoin exchange-traded funds (ETFs) by the agency he leads. In a statement published on the SEC’s website on the same day as...
Cathie Wood Lashes Out at Gary Gensler Over Criticism of Crypto Space after Approving Spot Bitcoin ETFs
11.1.2024
Ark Invest CEO Cathie Wood has expressed disappointment at the statement made by SEC Chair Gary Gensler shortly after the agency approved a dozen exchange-traded funds (ETFs) that directly hold Bitcoin. “He just denigrated the whole crypto space. I couldn’t believe it,” she said...
Bitcoin Price Prediction as SEC Approves BlackRock’s Spot Bitcoin ETF – $1,000,000 BTC Possible?
10.1.2024
Source: DALL·E The Bitcoin (BTC) price is experiencing choppy trading conditions in wake of the news that the SEC just multiple spot Bitcoin ETF application. Last trading in just under $46,000, the Bitcoin price is close to 1% lower on the day. The regulatory agency gave various US exchanges...
Coinbase Executives Offer Security Support to SEC Following Account Hack
10.1.2024
SEC chair Gary Gensler. Source: A video screenshot, YouTube / SEC Coinbase executives have offered to help the U.S. Securities and Exchange Commission (SEC) following the Monday hack of the federal agency’s account on X. Coinbase offers to assist with “security protocols” “Hey...
Apple Store Removes Binance and Other Global Exchanges’ Apps in India Amid Wider Crackdown
10.1.2024
Source: Pexels The mobile applications of several global cryptocurrency exchanges, including Binance, Kraken, Mexc, and Kucoin, have disappeared from Apple’s App Store in India. This move comes within two weeks of these exchanges being flagged for operating “illegally” in...
SEC’s Spot Bitcoin ETF Approval Post Unauthorized — Chair Gary Gensler Says SEC’s X Account Was Compromised
10.1.2024
The U.S. Securities and Exchange Commission (SEC)’s X account announced the approval of spot bitcoin exchange-traded funds (ETFs) on Tuesday. However, minutes later, SEC Chairman Gary Gensler claimed that the agency’s social media account was compromised and the post was unauthorized. Some...
DeSantis Vows to Abolish IRS, Advocates Flat Tax in Presidential Bid Amidst Stiff GOP Competition
7.1.2024
On Jan. 4, 2024, Florida Governor and presidential candidate Ron DeSantis articulated his desire to abolish the U.S. Internal Revenue Service (IRS). He advocated for the adoption of a uniform rate flat tax for all U.S. residents. DeSantis declared to CNN’s Kaitlan Collins on Thursday...
South Korean Tax Accountant: Digital Assets Held in Non-Custodial Wallets Not Subject to Overseas Reporting Requirement
5.1.2024
South Koreans with digital assets held in non-custodial or decentralized crypto wallets like Metamask or Ledger are reportedly not subject to the country’s overseas financial account reporting requirement. According to a South Korean tax accountant, only virtual assets held on overseas centralized...
Another Man Arrested in India’s Multi-Billion GainBitcoin Ponzi Scam as Investigation Intensifies
3.1.2024
Source: Pixabay India’s probe agency, the Directorate of Enforcement (ED), has arrested Nitin Gaur, the brother-in-law of Ajay Bhardwaj, in connection with the multi-billion-dollar GainBitcoin Ponzi scam. This arrest is part of the ongoing investigation into the cryptocurrency fraud case involving...
The Big List: Charities Embracing Change with Bitcoin and Cryptocurrency Donations
30.12.2023
Source: Pexels Charitable giving occurs year round, yet end of year donations especially tend to resonate with donors. Recent statistics from digital marketing agency Nonprofits Source found that 30 percent of annual giving occurs in December. Findings further show that 10 percent of annual giving...
The Big List: Charities Embracing Change with Bitcoin and Cryptocurrency Donations
30.12.2023
Source: Pexels Charitable giving occurs year round, yet end of year donations especially tend to resonate with donors. Recent statistics from digital marketing agency Nonprofits Source found that 30 percent of annual giving occurs in December. Findings further show that 10 percent of annual giving...
SEC ‘Deeply Regrets’ Errors in Case Against Crypto Firm But Tells Court Sanctions Are Not Warranted
24.12.2023
The U.S. Securities and Exchange Commission (SEC) says that it “deeply regrets” the errors made in the case against crypto firm Debt Box after the court found that the agency made “materially false and misleading representations.” However, the SEC claimed that sanctions are...