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Court Rules Influencer Ian Balina Violated Securities Laws Promoting SPRK Tokens
24.5.2024
A Texas district court has found crypto inflluencer Ian Balina guilty of violating U.S. securities laws by promoting and selling SPRK tokens without proper disclosure.
The post Court Rules Influencer Ian Balina Violated Securities Laws Promoting SPRK Tokens appeared first on Cryptonews
SEC’s ETF nod could bring ‘ETH season’ if 3 key indicators hold
24.5.2024
Three key indicators suggest the possibility that ETH could surpass its all-time high, according to a crypto trader
Federal Reserve Poll Reveals Only 7% Used Cryptocurrency in 2023; Contradicts Coinbase Data
24.5.2024
The “Economic Well-Being of U.S. Households in 2023” survey, prepared by the Federal Reserve and executed by Ipsos, has revealed that only 7% of the people polled held or used cryptocurrency in the U.S. The survey, which included 11,400 respondents, contrasts with the over 52 million...
Former Bank CEO Pleads Guilty to Embezzling $47M to Buy Crypto, Leading to Bank Collapse
24.5.2024
Former Heartland Tri-State Bank CEO Shan Hanes pleaded guilty on Thursday to embezzling $47.1 million for personal cryptocurrency purchases, leading to the bank’s collapse. From May to July 2023, Hanes executed at least 10 wire transfers from the Elkhart-based bank to cryptocurrency accounts....
Kelp DAO Secures $9 Million in Private Sale to Boost Defi Expansion
24.5.2024
Kelp DAO, a liquid restaking platform, has completed a private funding round, amassing $9 million to propel its growth in the decentralized finance (defi) sector. The funding aims to enhance the platform’s capabilities and expand into new ecosystems, including Solana and Bitcoin. Restaking...
Best Crypto to Buy Now May 23 – Pepe, Arbitrum, Bonk
24.5.2024
In wake of news breaking that the SEC has proved eight Ethereum ETFs, crypto markets are experiencing volatility and investors are hunting for the best crypto to buy right now to benefit from Ethereum ecosystem growth.
The post Best Crypto to Buy Now May 23 – Pepe, Arbitrum, Bonk appeared first...
South Korean Police Arrest 19 in ‘Reading Room’ Crypto Fraud Bust
24.5.2024
South Korean police have arrested 19 people on fraud charges in a swoop on a social media “crypto reading room.”
The post South Korean Police Arrest 19 in ‘Reading Room’ Crypto Fraud Bust appeared first on Cryptonews
Hong Kong streaming firm to buy $100M of crypto, Worldcoin sanctioned: Asia Express
24.5.2024
Hong Kong streaming firm to buy $100M of crypto, Worldcoin reprimanded on privacy, women take charge of biggest exchanges: Asia Express
Indian Central Bank RBI Warns Retail Investors of Crypto’s Lack of Accountability and Stability
24.5.2024
The Reserve Bank of India (RBI)’s May 2024 bulletin warns retail investors that “the crypto ecosystem lacks accountability and stability and is marked by regulatory ambiguity.” The Indian central bank also cautioned that some cryptocurrency systems may be “prone to crisis...
Ebury Botnet Expanding: Malware Continues to Steal Cryptocurrency
24.5.2024
ESET Research has disclosed that the Ebury botnet, a formidable malware campaign targeting servers, is still active and expanding. Initially recognized for its capability as a server-side backdoor, Ebury has compromised roughly 400,000 Linux, FreeBSD, and OpenBSD servers, with over 100,000 still...
Resolution overturning SEC crypto rule is on Biden’s desk — Now what?
24.5.2024
President Joe Biden has ten days, excluding Sundays, to decide whether he wants to follow through on his threat to veto H.J.Res.109
US Congress Building Pro-Crypto Army, Lawmaker Says
23.5.2024
Crypto is gaining momentum among U.S. lawmakers. Senator Cynthia Lummis stated: “We are building a pro-crypto army in Congress.” This declaration came shortly after the House of Representatives passed the landmark Financial Innovation and Technology for the 21st Century Act (FIT21) crypto bill...
What’s Happening In Crypto Today? Daily Crypto News Digest
23.5.2024
In crypto news today:
Why is crypto down today?
Elixir Games Acquires RoboKiden and Partners with Ava Labs
Spark Launches Stablecoin Savings Solution on Gnosis Chain
The post What’s Happening In Crypto Today? Daily Crypto News Digest appeared first on Cryptonews
Dormant Dogecoin Whale Becomes Active Again After A Decade
23.5.2024
After more than ten years of dormancy, an inactive Dogecoin (DOGE) Whale with a wallet balance of 893,303 DOGE (about $145,101) became active on May 22. It was the first transaction made by the account since May 2014.
The post Dormant Dogecoin Whale Becomes Active Again After A Decade appeared...
Is the House’s FIT21 Bill Really the Legislation That Crypto Needs?
23.5.2024
While many in the industry cheered the passing of the Financial Innovation and Technology for the 21st Century Act yesterday, many other raised criticisms and concerns
Former Bitmex CEO Arthur Hayes: A Weak Yen Solution Might Propel Bitcoin to $1 Million
23.5.2024
Arthur Hayes, former CEO of Bitmex and current CIO of Maelstrom, has predicted the geopolitical and economic dynamics that will be taken to equilibrate the exchange rate between the U.S. dollar and the Japanese yen might propel bitcoin prices to $1 million. Hayes states that eventually, the U.S....
Bybit CEO Denies Rumors of Hack and Insolvency Amid Social Media Frenzy
23.5.2024
Speculations regarding Bybit's potential hack or insolvency sparked concerns within the crypto community, prompting CEO Ben Zhou personally to step in to refute these claims.
The post Bybit CEO Denies Rumors of Hack and Insolvency Amid Social Media Frenzy appeared first on Cryptonews
Meet the women behind the world’s largest crypto exchanges
23.5.2024
Both former television hosts, Binance’s Yi He and Bitget’s Gracy Chen, currently lead the world’s largest crypto exchanges by volume
Prosecutors Push 5-7 Year Sentence For FTX Exec Ryan Salame
23.5.2024
U.S. prosecutors are pushing for a 5 - 7 year sentence for former FTX executive Ryan Salame on charges stemming from his time at Sam Bankman-Fried’s doomed crypto exchange, a new court filing reveals. Salame is the first executive of the exchange outside of Sam Bankman-Fried to be formally...
Are Sideline Skeptics Crypto’s Biggest Enemy or Greatest Strength?
23.5.2024