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Ethereum Fees and Revenue Increase by 80% in Q1, Earnings Triple Quarter over Quarter
3.4.2024
The Ethereum network has experienced significant growth in the first quarter of 2024, with positive performance across various income statement metrics.
The post Ethereum Fees and Revenue Increase by 80% in Q1, Earnings Triple Quarter over Quarter appeared first on Cryptonews
Sam Bankman-Fried Issues First Statement Since Sentencing: “I Never Thought What I Was Doing Was Illegal,” ABC News Reports
2.4.2024
Former “king of crypto” Sam Bankman-Fried is speaking out following his sentencing last week - telling ABC News that he "never thought" his actions were against the law. The FTX founder is currently serving a 25 year prison sentence and must pay an $11 billion fine for his role in the now doomed...
CFTC Commissioner Caroline Pham Criticizes Her Own Agency After KuCoin Charges, “Aggressive” Enforcement Action
29.3.2024
Commissioner Caroline Pham of the Commodity Futures Trading Commission (CFTC) issued a statement Friday seemingly criticizing her own agency for its latest “aggressive enforcement action" following the agency's KuCoin charges, saying it might “infringe upon the SEC’s authority.”
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Sam Bankman-Fried Sentencing: U.S. Attorney Damian Williams' Statement
28.3.2024
Portugal Temporarily Bans Worldcoin’s Biometric Data Collection for 90 Days
26.3.2024
The National Data Protection Commission (CNPD) of Portugal has taken decisive action by issuing a statement temporarily restricting Worldcoin's biometric data collection through its Orb devices within the country.
The post Portugal Temporarily Bans Worldcoin’s Biometric Data Collection for...
Senior U.S. Military Airman and Cyber Analyst Charged with Money Laundering for NFT “Rug Pull” Scheme
27.2.2024
Two individuals, including a senior airman and cyber analyst in the U.S. military, have been charged for money laundering in connection to an NFT “rug pull” scheme, a February 23rd statement from U.S. Immigrations and Customs Enforcement (ICE) reveals.
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Atlanta Federal Reserve Warns Banks About Crypto Risks
27.2.2024
Per statement released Monday, the Atlanta Fed advised banks and financial service providers to exercise caution while dealing with cryptocurrencies.
The post Atlanta Federal Reserve Warns Banks About Crypto Risks appeared first on Cryptonews
Bitcoin Miner Riot Warns of Profit Risks Due to Chip Shortage and Climate Regulations
26.2.2024
On February 23, popular Bitcoin miner Riot Platforms issued a cautionary statement regarding potential profitability challenges in its business operations. The company cited various factors, including global supply chain disruptions, chip shortages, and increasing regulatory scrutiny around climate...
ECB Officials' Statement on Bitcoin's Failed Promise and ETFs
22.2.2024
"Bitcoin has failed on the promise to be a global decentralised digital currency and is still hardly used for legitimate transfers. The latest approval of an ETF doesn’t change the fact that Bitcoin is not suitable as means of payment or as an investment," two ECB officials wrote in a blog post
Digitex CEO Charged for Illegally Operating Crypto Futures
14.2.2024
Digitex crypto futures exchange CEO Adam Colin Todd willfully failed to include adequate anti-money-laundering (AML) program, Florida federal court alleged. The US Attorney’s Office for the Southern District of Florida said in a statement Tuesday that the offender “willfully caused Digitex Futures...
Spain Sets Its Sights on Developing First “Crypto-Friendly” City in Europe
12.2.2024
Torrevieja, a coastal city in southeastern Spain, has launched an ambitious initiative to become Europe’s first “crypto-friendly” city, according to a February 6 statement. The Association of Small and Medium-sized Merchants of Torrevieja (APYMECO), in partnership with...
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...
Blockchain Industry Groups Call EIA’s Moves on Bitcoin Mining as ‘politically Motivated’
9.2.2024
Two blockchain industry groups have called the US Energy Department’s mandatory data collection from crypto mining operators as “politically motivated campaign.” Texas Blockchain Council president Lee Bratcher and Chamber of Digital Commerce CEO Perianne Boring presented an industry statement...
Do Kwon Wins Appeal as Montenegro Court Overturns Extradition
8.2.2024
The Montenegro Court of Appeal has set aside the decision to extradite the co-founder of Terraform Labs Do Kwon saying the original order was “affected by significant violations.” The court decided to revoke the extradition after hearing Kwon’s appeal in a session on Feb 7, per an official...
Thai SEC Charges Former Zipmex CEO with Corruption and Deception
8.2.2024
Thailand’s Securities and Exchange Commission (SEC) has charged Akarlap Yimwilai, the former CEO of Zipmex Thailand, with corruption and deception. According to an official statement released on Thursday, the SEC’s investigation revealed that customer assets held in Zipmex...
Hong Kong General Chamber of Commerce Asks Government to Allow Yuan-Linked Stablecoins
7.2.2024
The Hong Kong General Chamber of Commerce (HKGCC) has asked policymakers to consider allowing the issuance of Chinese yuan-linked stablecoins. In a statement released on Tuesday, the influential business organization emphasized the importance of retaining and attracting talent and businesses...
Group of 17 Russian Banks Officially Joins ‘Second Stage’ of Digital Ruble Pilot
2.2.2024
Russia’s digital ruble pilot is gathering pace, with 17 more banks joining the Central Bank’s CBDC project. The group of banks includes heavyweights such as Sberbank and Tinkoff, the Central Bank explained in an official statement. This represents a major coup for the Central Bank. Both Sberbank...
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...
Rich Dad Poor Dad Author Explains Why He Owns Bitcoin Over Stocks
31.1.2024
Robert Kiyosaki – author of the famous personal finance book Rich Dad Poor Dad – has come out with another statement in support of Bitcoin (BTC) as a superior money and investment asset compared to traditional stocks. “Bitcoin is protection against the theft of our wealth via our money,” read...
SEC’s Gag Rule on Settlements Criticized by Commissioner Hester Peirce
31.1.2024
SEC Commissioner Hester Peirce has voiced her criticism against the US Securities and Exchange Commission’s (SEC) policy to uphold a gag rule impacting defendants who settle. In a statement published on the SEC’s website on January 30, Peirce argued that the rule, which prevents defendants...