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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...
Inferno Drainer fails attempt to launder ETH — ‘not welcome’ in Railgun
11.7.2024
Notorious wallet-draining group Inferno Drainer tried to pass $530,000 worth of stolen ETH through Railgun but discovered pretty soon after that it couldn’t
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...
Marathon site manager ducks Texas noise charges amid resident complaints
11.7.2024
David Fischer, manager of a Texas site for Marathon Digital, was acquitted on charges alleging the site violated local noise ordinances
Asia, Africa see rise in share of crypto startups this year, says accelerator
11.7.2024
Researchers compiling the data believe the changes were due to regulatory uncertainties in the US and increased crypto adoption in emerging markets
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...
Fed Chair Powell Reaffirms Stance on Custody Assets Amid SEC Crypto Rule Controversy
11.7.2024
On Wednesday, Federal Reserve Chair Jerome Powell testified before the U.S. House Financial Services Committee, where Congressman Josh Gottheimer (D-NJ) questioned him about the SEC’s Staff Accounting Bulletin (SAB) 121. This bulletin mandates that banks include digital assets held in custody...
Bear or bull: Survey reveals 49% are bullish about crypto right now
11.7.2024
A recent CoinGecko survey of 2,500 respondents shows that just under half are currently bullish about crypto, and a quarter haven’t worked out whether it’ll make a move at all
Crypto miners stole $723M of electricity in Malaysia since 2018: Report
11.7.2024
Malaysia’s Deputy Minister of Energy Transition and Water Transformation revealed the number during an event where they disposed of over 2,000 machines seized in an operation
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...
Crypto Exchange BitMEX Pleads Guilty to Violating the Bank Secrecy Act From 2015 to 2020
11.7.2024
BitMEX has pleaded guilty to violating the Bank Secrecy Act (BSA), according to a Wednesday announcement from the U.S. Department of Justice (DOJ)
VC Firm Hypersphere Reveals $130 Million Atlas Liquid Fund
11.7.2024
Venture capital firm Hypersphere has announced the launch of its new liquid fund, Atlas, managing over $130 million in assets. Atlas aims to capitalize on the inefficiencies in the young crypto markets through a diverse range of trading strategies. Hypersphere’s New Atlas Fund Aims to Target...
As DOE Preps for Take Two of Controversial Crypto Mining Survey, Industry Weighs in
10.7.2024
After the U.S. Department of Energy’s (DOE) first attempt to survey crypto mining companies about their energy usage was kneecapped by a lawsuit, the department is getting ready to try again – but this time, it’s seeking input from crypto industry participants
Crypto payment service Payeer hit with record $10M fine in Lithuania
10.7.2024
Payeer was fined approximately $10 million after it allegedly allowed transfers to sanctioned banks
US lawmakers meet with crypto advocates in DC roundtable
10.7.2024
Anita Dunn, a senior adviser to Joe Biden, attended the roundtable in her personal capacity amid reports the US President was considering changing his position on crypto
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...