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Japan’s Financial Services Agency Grants Limited Rights to DAO Member Tokens, Easing Regulations
7.2.2024
Japan‘s Financial Services Agency (FSA) aimed to facilitate the development of decentralized autonomous organizations (DAOs) and clarify the legal framework surrounding them. The FSA has proposed a new amendment to the definition of Article 2 of the Financial Instruments and Exchange Act in...
EIA Begins Probe on Crypto Mining’s Energy Use Following White House Directive
5.2.2024
The energy demands of crypto mining in the United States have rapidly increased over the past four years, according to a February 1 press release from the Environmental Impact Agency (EIA). The EIA has been working under strict directives from the White House to gauge the energy consumption of...
Online Crypto Course Founder Faces SEC Charges in $1.2 Million Fraud Case
5.2.2024
The founder of the American Bitcoin Academy was charged with crypto fraud by the Securities and Exchange Commission on February 2. In a press release published by the SEC, the agency noted that Brian Sewell, founder of American Bitcoin Academy, convinced his students to invest in a crypto hedge...
Kenyan High Court Unfreezes $3 Million Belonging to Nigerian Fintech Giant Flutterwave
5.2.2024
A recent ruling by the Kenyan High Court in favor of the Nigerian fintech startup Flutterwave will see it finally get access to $3 million which has been frozen since July 2022. The judge slammed the Assets Recovery Agency for continuing to hold onto the funds even after it withdrew its suit...
South Korean Regulators Turn up Heat on ‘Gangnam Style’ PSY’s NFT Concert Ticket Sales
5.2.2024
The singer of “Gangnam Style,” PSY, could be set for an NFT clash with regulators in his native South Korea. Per Biz World, the singer’s entertainment agency P Nation launched an NFT-powered pre-sale project for PSY’s concert tour in 2023. No NFT Joy for ‘Gangnam Style’ PSY? In October 2022,...
Singapore Police Warn About ‘Crypto Drainers’ Stealing Cryptocurrencies From Wallets
3.2.2024
Singapore’s Police Force and Cyber Security Agency (CSA) have issued a joint warning about “crypto drainer” malware, which steals cryptocurrencies from wallets. As digital assets become more popular, “Cybercriminals are increasingly leveraging crypto drainers to target...
US Gets Serious About Tracking Crypto Mining Electricity Usage
1.2.2024
A US government agency responsible for managing energy-related data is going after crypto-mining companies over their power consumption. The Energy Information Administration (EIA) said on Wednesday that it will collect electricity consumption data from identified US-based crypto mining companies...
Singapore Authorities Raise Concerns Around Crypto Draining Kits
1.2.2024
Singapore police authority and the Cyber Security Agency of Singapore have raised concerns around cryptocurrency draining kits. In a joint statement, the authorities warned that cybercriminals are increasingly leveraging cryptocurrency drainers and targeting owners of digital wallets. (1/2) As...
SEC Moves to Dismiss Lawsuit Against Crypto Company Debt Box, Citing Inaccuracies in Court
31.1.2024
The SEC has decided to abandon its lawsuit against Debt Box, a crypto company previously accused of defrauding investors of millions. This decision follows the SEC’s acknowledgment of presenting misleading information in court, a revelation that undermines the agency’s case...
SEC to Withdraw Case Against Crypto Startup DEBT Box Following Admission of Inaccuracy
31.1.2024
The Securities and Exchange Commission (SEC) has moved to withdraw its lawsuit against crypto startup DEBT Box after admitting to making inaccurate statements in court. The agency filed a lawsuit against Digital Licensing Inc., operating as DEBT Box, in July last year. However, it has now informed...
Monero Tracing: Privacy Coin Proponents Dismiss Finnish Law Enforcement Agency’s Tracing Breakthrough Claims
31.1.2024
A Finnish law enforcement agency, the National Bureau of Investigation (NBI), recently claimed that it may have found a way to trace the privacy coin Monero. However, proponents of the privacy coin have dismissed the agency’s claims and insisted that the cryptocurrency is still untraceable....
Crypto, AI and Data Centers Could Double Energy Consumption in 2026
27.1.2024
The aggregated demand for energy from crypto, artificial intelligence (AI), and traditional data centers could double in 2026. According to a report by the International Energy Agency (IEA), the consumption growth might mean adding a country like Sweden (in the best case) or Germany (in the worst...
AI and Crypto Mining to More Than Double Energy Use by 2026, Report Says
26.1.2024
Source: Adobe / Timon The International Energy Agency (IEA) anticipates substantial increases in energy consumption from crypto mining and artificial intelligence (AI) in the coming years, with projections suggesting a more than 30% surge by 2026. The IEA’s Electricity 2024 report outlines...
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....