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India's Local Crypto and Web3 Advocacy Body Asked for Action Against Offshore Entities: Source
29.12.2023
The Bharat Web3 Association's (BWA) Chairman wrote the letter to the Indian government on Dec. 16
Judge Grants Summary Judgment for SEC in Landmark Crypto Case Against Terraform Labs
29.12.2023
In a definitive ruling, U.S. District Judge Jed Rakoff favored the Securities and Exchange Commission (SEC) in the multi-billion-dollar fraud case involving Terraform Labs and its founder, Do Kwon. Rakoff noted that the Howey test criteria were satisfied for a range of Terra-related assets...
Altcoin Fortunes Declined When Paired Against BTC in 2023 Despite Crypto Market Surge
27.12.2023
Over the past year, bitcoin surged by 153%, with numerous other digital currencies also seeing substantial increases. Yet, assessing the top cryptocurrencies in relation to bitcoin’s performance, the annual shifts present a distinctly varied perspective. 2023 Sees Altcoins Lag Behind...
Nobel Prize Winner Robert Shiller Warns Confiscating $300B in Russian Assets Might Cause a ‘Cataclysm’ for the Dollar System
27.12.2023
Nobel Prize winning economist Robert Shiller has warned against the effects that the confiscation of Russian assets in Western countries might have on the stability of the dollar-dominated financial system. According to Shiller, a move of this kind might cause a cataclysm, opening the doors...
Bulgarian Prosecutors Drop Charges Against Crypto Lender Nexo — ‘No Evidence of Criminal Activity’
26.12.2023
The prosecutor’s office for Sofia, the capital city of Bulgaria, has dropped criminal proceedings against crypto lender Nexo. “The team of supervising prosecutors came to the conclusion that there was no evidence of committed crimes,” the authorities stated, adding that crypto...
2023 Marks Bitcoin’s Spirited December Surge: A Glimpse Into Crypto’s Festive Frenzy
25.12.2023
On Nov. 26, Bitcoin.com News highlighted the crypto community’s anticipation and hope for a ‘Bitcoin Santa Claus rally’ to manifest this year. Following the data collected from Dec. 1 to Dec. 24, 2023, the recent increase of 15.93% against the U.S. dollar has been recorded...
SEC ‘Deeply Regrets’ Errors in Case Against Crypto Firm But Tells Court Sanctions Are Not Warranted
24.12.2023
The U.S. Securities and Exchange Commission (SEC) says that it “deeply regrets” the errors made in the case against crypto firm Debt Box after the court found that the agency made “materially false and misleading representations.” However, the SEC claimed that sanctions are...
Solana Tops $100 After Monumental 764% Growth This Year
24.12.2023
On Saturday, the smart contract platform Solana’s token, solana (SOL), eclipsed the $100 threshold, achieving a weekly growth exceeding 36% against the U.S. dollar. Throughout the year, investor sentiment toward solana (SOL) has remained overwhelmingly positive, intensifying following...
SEC “Deeply Regrets” Handling of Debt Box Case, New Court Filing Reveals
22.12.2023
The United States Securities and Exchange Commision (SEC) has apologized for its handling of a lawsuit against decentralized blockchain project, Debt Box, according to new court documents. Walking it back “The Commission takes this Court’s concerns seriously and deeply regrets these errors,”...
SEC Chair Gary Gensler Gets Community Noted on X for Warning Against Crypto
22.12.2023
SEC Chair Gary Gensler. Source: screenshot of a YouTube video / Yahoo Finance US SEC chair Gary Gensler earlier posted a video message on X warning crypto firms against non-compliance and calling the space “wild west.” Elon Musk-owned X, formerly Twitter, was quick to add community notes...
Grimace Community Triumphs: MEXC’s Multimillion-Dollar Capitulation
21.12.2023
PRESS RELEASE. On December 19, Grimace’s creator staged a New Year’s miracle live, gifting his followers millions of dollars. The MEXC exchange funded this entire giveaway, as they went against Grimace’s user base and listed the token on their futures market without approval....
New EU Sanctions Package Preclude Russians From Owning Crypto Companies
21.12.2023
The European Union said Russian nationals from owning or controlling crypto service providers under the bloc’s twelfth package of restrictive measures against the country. According to the EU, diamonds entering its will now have to be traced from “the mine to the finger” and this...
Bitcoin Technical Analysis: Bullish Trends Push Against Upper Resistance Limits
20.12.2023
Bitcoin’s price of $43,094, fluctuating between $42,235 and $43,176 within 24 hours, reflects a market in subtle motion. With a substantial 24-hour volume of $20.10 billion and a market capitalization of $837 billion, bitcoin maintains its strong presence in the cryptocurrency sphere....
Blockchain Association’s Employment of ‘Small Army’ of Former Security Officials Angers US Senator Elizabeth Warren
19.12.2023
U.S. Senator Elizabeth Warren has criticized the Blockchain Association’s use of former security officials to push back against her attempts to link crypto to terrorism funding. Warren claimed that the ease with which U.S. officials can leave their positions in government to work as lobbyists shows...
EU Reveals Details of Russian Sanctions Package in New Q&A, Includes Updated Crypto Provisions
19.12.2023
The European Union (EU) revealed details on their latest package of sanctions against Russia, which includes provisions on crypto, in a newly released Q&A this week. Enacting bans and closing loopholes According to the Q&A posted on the website of the European Commission, the updated...
Former Lido Holder Files Lawsuit Against Lido DAO
18.12.2023
A former Lido holder has filed a class-action lawsuit against the Lido decentralized autonomous organization (DAO), a governing body that manages the liquid staking protocol, according to a recent court document. An unregistered securities claim Andrew Samuels filed the complaint on December 17th...
RBA’s December meeting: What it might do to help the AUD go up against the USD?
18.12.2023
The Reserve Bank of Australia will release its meeting minutes on Tuesday. It holds the potential to impact the AUD/USD pair positively. It was last seen dancing around 0.6700, the highest since July this year, indicating a potential AUD/USD rebound. One crucial factor supporting the pair is...
Tether Confirms Extensive Collaboration With DOJ, FBI and Secret Service
18.12.2023
Tether, the stablecoin company, has confirmed it has collaborated extensively with a series of U.S government agencies, including the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), and the Secret Service. These team-ups are focused on making the stablecoin ecosystem safer...
BONK’s Meteoric Rise: Outpaces PEPE with 621% Surge, Secures Third Place in Meme Coin Market
17.12.2023
In recent weeks, the meme-inspired cryptocurrency bonk (BONK) has experienced substantial growth against the U.S. dollar and has now overtaken pepe (PEPE) to become the third largest meme coin in terms of market capitalization. In the past month alone, the Solana-based BONK surged over 621%...
Kiyosaki on Deadly Economic Gamble, Vaneck’s Crypto Predictions — Week in Review
17.12.2023
Robert Kiyosaki has said that the biggest crash is coming and warned people against playing “Russian Roulette” with their lives. Even still, asset management firm Vaneck has done some safe gambling of its own, revealing 15 crypto predictions for 2024. All this and more just below,...