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Mark Cuban says; Biden should fire Gary Gensler

11.7.2024
The crypto industry has become a political topic ahead of the November 2024 elections. Progressive Rep. Ro Khanna (D-Calif.) hosted a crypto roundtable with Mark Cuban, and other key figures in the blockchain industry also appeared. Industry representatives, such as Blockchain Association’s Kristin...

Lithuania Fines Crypto Firm $10M for Russian Sanctions Violations

11.7.2024
The Lithuanian Financial Crime Investigation Service (FNTT) has fined the crypto firm Payeer nearly 9.3 million euros ($10 million) for international sanctions violations and anti-money laundering (AML) breaches. Specifically, Payeer was fined 8.23 million euros for facilitating transactions...

Los Angeles Sparks Extend Partnership With Crypto.com Arena Until 2029

11.7.2024
The Los Angeles Sparks, one of the most successful teams in the Women’s National Basketball Association (WNBA), have signed a five-year extension with Anschutz Entertainment Group (AEG) to continue playing at Crypto.com Arena until 2029. This agreement extends a long-standing partnership...

Israel’s Digital Shekel Plans Hinge on ECB’s Digital Currency Move

11.7.2024
The Bank of Israel (BOI) is exploring a central bank digital currency (CBDC), a digital shekel, to modernize Israel’s payment system and drive innovation. However, BOI Deputy Governor Andrew Abir stated that the BOI is waiting for a major central bank, likely the European Central Bank (ECB)...

Bloomberg Analyst Discusses Solana ETF Deadline and Election Impact

11.7.2024
A senior Bloomberg ETF analyst says the final deadline for the approve of solana exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) will be mid-March 2025. He stressed that the U.S. presidential election in November will play a crucial role in their approval. Analyst...

Trump to Address Bitcoin 2024 Conference in Nashville

11.7.2024
According to a report from Bitcoin Magazine, Donald Trump, the 45th president of the United States and a 2024 presidential candidate, will be speaking at Bitcoin 2024 in Nashville. This announcement follows Trump’s recent support for bitcoin (BTC) and the Republican party’s inclusion...

Senate Committee Discusses Strong Federal Oversight of Crypto Markets

11.7.2024
The Senate Committee on Agriculture, Nutrition, and Forestry held a hearing on Wednesday where Chairwoman Senator Debbie Stabenow stressed the urgent need for robust regulation in the crypto market. The discussion focused on investor protection, market integrity, and the necessity of federal...

Binance CEO: Crypto Prices May Fluctuate but Fundamentals Are Strong

11.7.2024
Binance CEO Richard Teng has highlighted the significant interest in bitcoin and other cryptocurrencies, noting that U.S.-listed bitcoin exchange-traded funds (ETFs) had attracted over $14.7 billion in net inflows over the past six months. Teng emphasized the industry’s robust long-term...

Bitwise CIO Predicts Bitcoin Surge to $100,000 Despite Current Price Dip

10.7.2024
Bitcoin could reach $100,000 by the end of the year, according to Bitwise’s Chief Investment Officer Matt Hougan. Despite bitcoin currently trading under $60,000 at $57,800, Hougan sees significant potential for long-term investors. Market Pullback a Gift for Investors, Claims Bitwise...

CFTC Chairman Labels 70-80% Crypto as Non-Securities

10.7.2024
The Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Benham, made a comment recently on the status and class of crypto assets, fueling the turf war between the CFTC and the Securities and Exchange Commission (SEC). Not a Security Earlier today, Benham appeared before the Senate...

CFTC Chairman Labels 70-80% Crypto as Non-Securities

10.7.2024
The Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Benham, made a comment recently on the status and class of crypto assets, fueling the turf war between the CFTC and the Securities and Exchange Commission (SEC). Not a Security Earlier today, Benham appeared before the Senate...

Tech Coalition Urges Biden to Lead on Cryptocurrency Regulation

10.7.2024
In a recent letter to U.S. President Joe Biden, the Chamber of Progress, a tech industry coalition, called for comprehensive cryptocurrency regulation. The group emphasized the importance of a clear regulatory framework for digital assets, highlighting the potential benefits for both investors...

Grayscale Sets Record Date for Ethereum Mini Trust Distribution

10.7.2024
Grayscale Investments has announced a record date of July 18, 2024, for the initial distribution of shares in the newly formed Grayscale Ethereum Mini Trust. The distribution will be allocated to shareholders of the existing Grayscale Ethereum Trust on a 1:1 basis. Grayscale Prepares for July...

Lithuania Fines Crypto Firm Payeer $10.1M for Russian Trades

10.7.2024
Lithuania—the seaside country—has fined Payeer, a crypto company, €9.3 million ($10.1 million) for financial sanctions and money laundering violations involving its Russian clientele. According to Bloomberg, the Financial Crimes Investigation Service (FNTT) under the Ministry of Internal Affairs...

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