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Juno Addresses Banking Service Disruption — ‘This Is Outside Our Control’

17.5.2024
Juno Finance acknowledges the disruption in banking services and is collaborating with its brokerage and banking service providers, Synapse and Evolve Bank & Trust, to restore full service as soon as possible. Juno is a financial platform that integrates checking and savings accounts with...

DOJ’s Unlawful Interpretation Threatens Bitcoin and Crypto Innovation, Lawmakers Warn

17.5.2024
Two U.S. senators have criticized the Department of Justice (DOJ)’s new interpretation of “money transmission,” which extends requirements to non-custodial software, citing concerns over its impact on crypto networks and financial innovation. “I’m concerned the DOJ’s...

$25M Sophisticated Ethereum Blockchain Exploit Leads to Arrests in US

17.5.2024
The U.S. Department of Justice (DOJ) has indicted two brothers for wire fraud and money laundering. They allegedly exploited the Ethereum blockchain to steal $25 million in cryptocurrency within 12 seconds. Using sophisticated techniques, they manipulated transactions and concealed their...

Mastercard’s Start Path Welcomes Five Startups to Develop Blockchain Use Cases

16.5.2024
Mastercard has announced the selection of five startups to participate in its Start Path blockchain and digital assets program, which seeks to foster innovation in blockchain technology and digital asset utilization. The post Mastercard’s Start Path Welcomes Five Startups to Develop...

US Senate Votes to Overturn SEC’s Controversial Crypto Rules — Biden’s Veto Threat Looms

16.5.2024
The U.S. Senate has voted to overturn the Securities and Exchange Commission (SEC)’s controversial SAB 121, which imposes regulatory burdens on digital asset custodians. The resolution also passed in the House and now faces a veto threat from President Joe Biden. Last week, the White House...

US Lawmakers Urge Treasury Action on Russian Crypto Exchange Sanctions Evasion

16.5.2024
U.S. Congressman Gabe Amo (D-RI), along with Congressmen Brad Sherman (D-CA) and Gerald E. Connolly (D-VA), sent a letter to U.S. Treasury Secretary Janet Yellen regarding the Moscow-based cryptocurrency exchange Garantex. They expressed concerns that Garantex is reportedly facilitating sanctions...

Microstrategy Joins MSCI World Index Amid Bitcoin Rally

15.5.2024
MSCI Inc. has announced the May 2024 Index Review, which includes adding the bitcoin-focused Microstrategy to the MSCI World Index. This decision follows the Nasdaq-listed software intelligence firm’s stock outperforming bitcoin and other major investments. Microstrategy currently holds over...

Congressman Wiley Nickel Slams SEC’s “Open Hostility” Towards Digital Assets, Urges Gensler To Rescind SAB121

15.5.2024
Congressman Wiley Nickel (D-CA) is criticizing United States Securities and Exchange Commission (SEC) Chair Gary Gensler over SAB121 and the agency’s “open hostility” towards crypto, a Wednesday letter to Gensler from Congressman reveals. Nickel's letter comes amidst the controversial staff...

Oklahoma Enacts Landmark Bill to Regulate Digital Assets, Protect Bitcoin Rights, Foster Crypto Innovation

15.5.2024
The governor of the U.S. state of Oklahoma has approved House Bill 3594, a landmark bill that protects bitcoin rights and fosters cryptocurrency innovation. The legislation addresses the regulation and promotion of blockchain technology and cryptocurrency in the state. The bill defines key terms...

SEC tries again for Debt Box suit dismissal with option to refile

14.5.2024
The SEC says case dismissal without prejudice is “normally granted” when a plaintiff requests it, but the court has criticized the agency’s current suit

Coinbase recovers after system-wide outage, but user withdrawals remain offline

14.5.2024
While the reason behind the three hour, system-wide outage remains unknown, some users are still unable to transfer or withdraw their funds from the exchange

This Week’s Biggest Crypto Gainers and Losers: Cheelee Rises as Pendle Falls

13.5.2024
On Monday, the cryptocurrency market maintained steady growth, with its valuation reaching $2.3 trillion—an increase of 1.72% over the last 24 hours. Over the past week, six cryptocurrencies have posted double-digit gains, while around two dozen have experienced significant losses. Crypto...

Season of the Meme Coin: Unconventional Cryptos Dominate 3-Month Gains

13.5.2024
Over the past 90 days, bitcoin has appreciated by 23.4%. However, eight other cryptocurrencies have demonstrated significantly larger gains, each recording triple-digit increases over the same period. 90-Day Trends Propel Niche Tokens to New Heights Statistics from the past week show lackluster...

Kraken Challenges SEC Overreach in Recent Court Filing

12.5.2024
In a recent motion to dismiss a case brought by the Securities and Exchange Commission (SEC), cryptocurrency exchange Kraken argued that the SEC’s legal theory misinterprets crucial aspects of the case. The court document, dated May 9, 2024, claims the SEC fails to identify legitimate...

US Regulatory Clarity for Crypto: Landmark Legislation FIT21 Act Heads to House Vote

11.5.2024
The House Committee on Rules has decided to review the Financial Innovation and Technology for the 21st Century (FIT21) Act, paving the way for a floor vote later this month. The legislation sets a path for enhanced regulatory clarity in the U.S. crypto ecosystem, balancing robust consumer...

What is cryptocurrency insurance, and how does it work?

11.5.2024
Learn how cryptocurrency insurance protects your digital assets from theft, hacks and other risks. Understand the coverage options and how this specialized insurance works

Senate Urged to Swiftly Overturn SEC’s ‘Misguided’ Crypto Rules

11.5.2024
Following the U.S. House of Representatives passing a resolution to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121), Senator Cynthia Lummis has urged the Senate to do the same. The resolution aims to prevent regulatory overreach that makes it prohibitive for financial institutions...