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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...
XRP surges after Ripple ‘victory,’ Trump Jr. crypto platform plans, and more: Hodler’s Digest, Aug. 4-10
11.8.2024
XRP surged 26% after Ripple scores a ‘victory,’ Donald Trump Jr. reveals plans to launch crypto platform: Hodler’s Digest
Jamie Dimon Says US Recession Still on the Horizon as JPMorgan Increases Forecast
11.8.2024
JPMorgan Chase CEO Jamie Dimon reiterated his belief that a recession remains the most likely outcome for the U.S. economy. Dimon pointed to various uncertainties such as geopolitics, housing, and spending. Meanwhile, JPMorgan has raised the likelihood of a U.S. recession this year. Jamie Dimon...
Putin Signs Law to Regulate Crypto Mining in Russia
11.8.2024
Russian President Vladimir Putin has enacted legislation to formally regulate the cryptocurrency mining sector in Russia, with the law set to take effect in November. This legislation establishes a regulated framework for mining operations, limiting participation from entities associated with...
Peru Issues VASP Regulation, Strengthens AML/TF Requirements
10.8.2024
The Superintendence of Banking and Insurance (SBS) of Peru, has issued a resolution that forces VASPs to implement Know Your Customer (KYC) and anti-money laundering (AML) measures as part of a compliance plan. The resolution is in line with FATF recommendations and seeks to control and avoid...
Economist Art Laffer Slams US Economic Policies, Warns of Dollar’s Decline as Global Reserve Currency
10.8.2024
Economist Art Laffer, known for his work on supply-side economics, has expressed concerns over the future of the U.S. dollar in a recent interview. Laffer argues that current U.S. economic policies are leading to the dollar’s decline, making it less attractive as a global reserve currency....
Solana Gains Ground on Ethereum and Bitcoin in 2024
10.8.2024
Over the past week, there’s been a buzz among market watchers about solana’s performance against BTC, especially when compared to ether. Since the year kicked off, ether has tumbled over 20% against the leading cryptocurrency, while solana has gained more than 5%. Solana, Ethereum...
Celsius sues Tether seeking $3.5B over Bitcoin collateral selloff
10.8.2024
The assets in question were evidently given to Tether as collateral
IRS Unveils Overhauled Crypto Tax Form With No Address Disclosure Requirements
10.8.2024
The U.S. Internal Revenue Service (IRS) has unveiled an updated Form 1099-DA for reporting digital asset transactions, introducing key changes that may address past criticism and privacy issues. This new version, reportedly set to be partially implemented in 2025, removes several contentious...
Spot Bitcoin and Ethereum ETFs Shed Millions in Friday Trading
10.8.2024
During Friday’s trading sessions, U.S. spot bitcoin and ethereum exchange-traded funds (ETFs) experienced significant outflows, with $89.73 million exiting the BTC ETFs and $15.71 million flowing out of the ETH ETFs. Bitcoin and Ethereum ETFs See Reductions Data from sosovalue.xyz revealed...
Over a Dozen 11-Year-Old Bitcoin Wallets Awaken, Transferring Millions
10.8.2024
In recent days, as bitcoin edged past the $60,000 mark after dipping below $50,000 on Monday, Aug. 5, a couple of intriguing dormant bitcoin transfers have surfaced from wallets established in 2013. The first case involved an individual who moved 250 BTC—worth just over...
Wazirx to Reverse All Trades Made After Withdrawal Freeze
10.8.2024
Indian crypto exchange Wazirx has decided to reverse all trades made after withdrawals were halted following the recent cyberattack. The exchange announced that this process will take place over the next few days, with all users’ portfolio balances on the platform being restored to their July...
QCP Capital: Bitcoin Bounces Back Above $60K as Ethereum Struggles
10.8.2024
QCP Capital reports that bitcoin (BTC) has shown a strong recovery this week, stabilizing above the $60,000 range after a sharp drop below $50,000 on Monday. In contrast, the firm highlights a significant liquidity shift in ethereum (ETH), raising concerns about its current market standing....
Nigerian crypto community supports activist’s fight for rights
10.8.2024
As the case progresses, the community’s backing will be crucial in maintaining momentum and advocating for a more favorable regulatory environment
NFT Sales Hit $95.42M With Ethereum Dominating, but Market Participation Shrinks
10.8.2024
Between Aug. 3 and Aug. 10, 2024, non-fungible token (NFT) sales experienced a 6.29% increase from the previous week, hitting a total of $95.42 million. However, the number of participants in the NFT market saw a sharp decline, with buyers dropping by 86.34% and sellers by 77.25%. NFT Market Sees...
Online Gaming Veteran: Top Tech, Strong Marketing Key to Web3 Growth and Adoption
10.8.2024
While the biggest blockchain bridge hacks have centered on private key mismanagement, according to Joshua Tobkin, CEO of Supra, smart contract errors and cryptography implementation issues also contribute to cybercriminals’ success. Tobkin said while bridges are poised to play...