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U.S. Republican Senators Renew Efforts to Block CBDC Implementation
27.2.2024
US Senators have renewed their assault on any potential central bank digital currency (CBDC) based on the dollar. Republican lawmakers including Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd, and Mike Braun, yesterday filed The CBDC Anti-Surveillance State Act. Their proposal pulls no punches....
Looking at Kraken's Motion to Dismiss an SEC Lawsuit
24.2.2024
Algorand Foundation partners with Plateau State Government
21.2.2024
Algorand Foundation and the Government of Plateau State of Nigeria are joining hands to explore pilot programs using blockchain technology in Nigeria. The partnership was announced on the official website of Algorand. The post read that the Government of Plateau State holds a strong position in...
Bitcoin Price Below $80,000 At Halving Could Trigger Miner Losses – Fidelity
16.2.2024
Fidelity Digital Assets speculates losses for some miners if the Bitcoin price remains under $80,000 after the upcoming halving in April. The company released its 2024 market outlook, highlighting the growth recorded so far in Bitcoin, the state of miners, and possible perspectives for the near...
China to Revise AML Law to Address Risks Associated with Virtual Assets
15.2.2024
China is set to revise its outdated Anti-Money-Laundering (AML) law in a bid to tackle the increasing risks associated with virtual assets. The draft amendment, discussed at a State Council meeting chaired by Chinese Premier Li Qiang, will soon undergo review by the national legislature, according...
Empire State Building launches Avalanche NFT utilizing Uptop
15.2.2024
Uptop, an established Web3 loyalty and reward platform, devised an exceptional idea to enhance the Empire State Building, the iconic landmark of New York, earlier this year. The inexperienced portmanteau scheme, which is founded on NFTs and managed by ESRT, an industry-leading responsible managing...
The Empire State Building Reveals NFT Rewards + More NFT News
14.2.2024
Top NFT news today, February 14, 2024: One of New York’s most famous landmarks, the Empire State Building, offers its own NFTs, Pandora records a staggering $190M trading volume in a single week, and Artprice will launch its proprietary AI with a place for NFTs in its marketplace. NFT Market Data...
The SEC Takes on Dealer Definitions
14.2.2024
The U.S. Securities and Exchange Commission published a new definition for securities dealers, capturing crypto
CEO of Bank Involved In Pig Butchering Scheme Charged With Embezzling $47 Million
13.2.2024
In a startling breach of trust, the CEO of Heartland Tri-State Bank is facing charges for orchestrating an embezzlement of $47 million. The high-profile case came to light following revelations that the bank played a central role in a sophisticated ‘pig butchering’ scheme, according...
FF7 Rebirth, Xbox Drama, And More Of This Week's Hottest Takes
11.2.2024
Hey, remember Foamstars? The Square Enix shooter from Summer Game Fest last year that everyone joked was a Splatoon clone? Well, it’s out now, and it turns out that “Splatoon clone” may have been a smidge too optimistic. Also, Team Green is going through it as we all wait on pins and needles...
Coinbase: California Voters Favor Pro-Crypto Candidates in 2024 Elections
10.2.2024
California voters who own cryptocurrencies are expected to have a significant impact on the 2024 elections. Citing data from Morning Consult, a business intelligence firm, Coinbase revealed that approximately 27% of Californians, equivalent to around 8.2 million individuals, own digital assets....
New York Attorney General Triples Fraud Allegations Against DCG to Over $3 Billion
9.2.2024
New York Attorney General Letitia James has escalated the state’s legal action against Digital Currency Group (DCG), tripling the estimated size of the alleged fraud to over $3 billion. This development follows a prolonged investigation by James’s office, which uncovered additional...
Tradestation Settles With SEC and State Regulators for $3 Million
9.2.2024
Tradestation has reached a settlement with the Securities and Exchange Commission (SEC) and state regulatory bodies, agreeing to pay $3 million in fines for offering an unregistered crypto asset lending product to U.S. investors, a move that promised interest earnings on deposits without proper...
Blockchain Could Have Saved Americans $74 Billion on Credit Card Fees: Coinbase
7.2.2024
Coinbase, a leading cryptocurrency exchange, has emphasized the potential of blockchain technology to save American consumers billions of dollars in its latest “State of Crypto Report,” released on Wednesday. According to the report, consumers could have collectively saved a minimum...
Federal Reserve Ends Enforcement Action Against FTX-Connected Farmington State Bank
7.2.2024
The Federal Reserve terminated its enforcement action against Washington-based Farmington State Bank, previously known as Moonstone Bank and linked to FTX’s Alameda Research. Federal Reserve Terminates Enforcement Action of FTX-Linked Farmington Bank The Federal Reserve Board has officially...
I’m Convinced FF7 Rebirth Is A Sequel To The 1997 Original
7.2.2024
With the release of Final Fantasy VII Rebirth only weeks away, it’s becoming abundantly clear that Square Enix is playing fast and loose with the original game’s script. That was true of FF7 Remake, but the most recent State of Play, focused entirely on Rebirth, was a bounty of spoilers and scenes...
Steve Wozniak Labels Bitcoin ‘Safe, Stable, and Conservative’ Amid Growing Legacy Adoption
6.2.2024
In line with the rising trend of the legacy tech and finance industries’ adoption of the top cryptocurrency, Apple co-founder Steve Wozniak labeled Bitcoin as a safe bet in a February 6 podcast. Speaking in the Wildride podcast posted on X (formerly Twitter), the Apple co-founder echoed...
FTX-linked Farmington State Bank Cleared from Federal Reserve Enforcement Action
6.2.2024
The Federal Reserve terminated an enforcement action with Farmington State Bank on February 6, announcing that the FTX-affiliated bank had “completed its wind-down plan and no longer functions as a bank.” “The Board’s enforcement action, which has been in effect since July 2023, ensured the bank’s...
A Quick Look at Last Month's U.S. Crypto Crime Log
6.2.2024
While our attention was focused on exchange-traded funds earlier this month, federal regulators in the U.S. announced charges or sentences for various crypto parties
Lawmaker: Lack of Russian Crypto Regulations ‘Undermines Moscow’s Anti-Sanctions Policies’
6.2.2024
A leading politician thinks insufficient Russian crypto regulation is “undermining the government’s efforts to counter” Western economic sanctions. The media outlet RBC quoted Andrei Lugovoy, the First Deputy Chairman of the State Duma’s Committee on Security and Anti-Corruption, as calling Russian...