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Crypto.com Opposes Proposed US Ban on Prediction Markets and Event Contracts
11.8.2024
Crypto.com Senior Vice President Steve Humenik has joined Coinbase by voicing opposition to a proposed rule change by the Commodity Futures Trading Commission (CFTC) that could lead to the prohibition of prediction markets in the United States. In a letter to the CFTC, Humenik expressed concerns...
Bitcoin Difficulty Reduction Incoming? Miners Brace for a Major Shift on Aug. 14
11.8.2024
Following the latest difficulty change 11 days ago when the metric increased by 10.5%, Bitcoin’s difficulty is estimated to shift downward between 4% to 5.3% on Aug. 14. Bitcoin’s All-Time High Difficulty Faces Estimated Reduction Bitcoin miners may get some relief in three days when...
2024 Crypto Rollercoaster: BOME Soars 11,931% as W Slides 84%
11.8.2024
It’s been seven months—or precisely 223 days—since 2024 kicked off, and several digital currencies have experienced impressive gains. Leading the pack are two meme coins, BOME and MOG, which have skyrocketed by 11,931% and 3,733%, respectively, over this period. Crypto’s Year-to-Date Gainers...
Bitcoin metric calls 'local bottom' as traders eye sub-$60K BTC price
11.8.2024
BTC price expectations demand a trip below $60,000 before upside continuation, but a market top and bottom metric says the worst is over
150,000 Ether Floods Liquid Staking Platforms in 27 Days
11.8.2024
In the last 27 days, ether liquid staking derivatives have experienced an influx of 150,000 ETH, valued at $390 million, flowing into various protocols. Notably, since July 14, 100,000 ETH made its way to Lido, the world’s leading liquid staking platform by market share. Ethereum Liquid...
4 years in, MicroStrategy’s Bitcoin gamble beats Warren Buffett’s warning
11.8.2024
MicroStrategy’s stock value is up by 1,000% since its first Bitcoin purchase, while Warren Buffett and Berkshire Hathaway have missed the boat
Kiyosaki on Market Crash, Crypto for Harris, and More — Week in Review
11.8.2024
Robert Kiyosaki declared that the much-anticipated market crash has arrived, emphasizing the significant losses and highlighting it as an opportunity for investors to buy assets like gold, silver, and bitcoin at lower prices. The Democrats are engaging with the crypto sector, launching...
Hong Kong to enhance digital asset regulation in 18 months
11.8.2024
By establishing a comprehensive regulatory framework, the city aims to attract global fintech talent, foster innovation, and ensure the security and integrity of digital asset transactions
Tether Partners With Crypto Firm to Boost Blockchain Education in South Africa
11.8.2024
Stablecoin issuer Tether Holdings Ltd. recently announced a partnership with a crypto payments provider to advance blockchain education in South Africa. The collaboration aims to both demonstrate the benefits of stablecoin payments and build trust in digital financial solutions. Building Trust...
Speed Launches USDT-L, Tether’s First Iteration on Top of Bitcoin’s Lightning Network
11.8.2024
Speed, the company behind the Speed Wallet, has launched USDT-L, the first iteration of Tether, the largest stablecoin on the crypto market, on top of Bitcoin’s Lightning Network (LN). The wrapped token, which takes advantage of the “taproot assets” protocol recently rolled...
SEC Cracks Down on Ideanomics for Fraud in Misleading Crypto and Revenue Disclosures
11.8.2024
The U.S. Securities and Exchange Commission (SEC) has charged Ideanomics Inc. and three of its senior executives with fraud for misleading financial disclosures from 2017 to 2019. Former Chairman and CEO Zheng (Bruno) Wu, current CEO Alfred Poor, and former CFO Federico Tovar were implicated...
BitGo to transition Wrapped Bitcoin business to multi-jurisdictional custody
11.8.2024
BitGo claims the move of its Wrapped Bitcoin business will make it the world’s first “multi-jurisdictional and multi-institutional custody."
Nigerian Files Lawsuit to Overturn Crypto Ban, Seeks BTC Commodity Status
11.8.2024
A Nigerian bitcoin proponent has launched a lawsuit challenging government restrictions on owning, using, and trading digital assets. The proponent said the lawsuit seeks to remove the blockade on cryptocurrency exchanges, ensuring all Nigerians have unrestricted access. Crypto Restrictions Deny...
Connecticut Police Recover $63,500 in Cryptocurrency Scam
11.8.2024
Connecticut State Police (CSP), in collaboration with the Statewide Prosecution Bureau, said on Wednesday that they have successfully recovered over $63,500 for a victim of a cryptocurrency phishing scam. The incident, reported in April by a Cheshire resident, involved the loss of over $68,000...
CFTC Pays $1M to Whistleblower in Digital Asset Case
11.8.2024
The Commodity Futures Trading Commission paid a $1 million whistleblower award for information leading to an enforcement action in digital asset markets. CFTC Enforcement Director Ian McGinley said whistleblower tips are increasingly crucial as more Americans fall victim to digital asset scams....
Queens Bitcoin Heist: Seven Charged With Grand Larceny and Money Laundering
11.8.2024
Seven individuals have reportedly been indicted on charges of grand larceny, money laundering, and identity theft for stealing $300,000 in bitcoin from a Queens auto body shop owner. The victim’s 5.75 BTC, originally valued at $92,000, was taken by 20-year-old Aaron Peterson Jr. in November...
Morgan Stanley’s Bitcoin ETF push is a 'death wish,' says former SEC official
11.8.2024
Former SEC official John Reed Stark warns that Morgan Stanley’s Bitcoin ETF pitch could burden its compliance department
Cornell Professor Warns of Growing Crypto Risks Amid Misleading Promises and Hype
11.8.2024
A professor at Cornell University’s Dyson School, Eswar Prasad, has raised concerns about the increasing risks in the cryptocurrency market, pointing to regulatory gaps and centralization as key issues. “If anything, crypto today presents even greater risks to its investors and to...
SEC Addresses Final Court Ruling in Ripple Case, Highlights Key Outcomes
11.8.2024
The U.S. Securities and Exchange Commission (SEC) has addressed District Judge Analisa Torres’ ruling in the Ripple case over XRP, emphasizing the substantial financial penalties imposed on the crypto firm and its ongoing securities law violations. While Ripple celebrated the 94% reduced...
Elon Musk: How Government Overspending and Excessive Regulation Fuel Inflation
11.8.2024
Elon Musk, CEO of Tesla and Spacex, has expressed his view that inflation is primarily driven by government overspending, which he emphasized as “the vast majority of the problem.” He also noted that excessive regulation worsens the situation, underscoring that the issue stems from...