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Crypto Biz: Crypto fever hits wealth managers


This week’s Crypto Biz explores the launch of new crypto ETFs, CleanSpark’s acquisition of new mining sites, another round of conflict between Bitfarms and Riot, and more

Crypto Biz: Crypto fever hits wealth managers


This week’s Crypto Biz explores the launch of new crypto ETFs, CleanSpark’s acquisition of new mining sites, another round of conflict between Bitfarms and Riot, and more

State Regulator Warns of Crypto Fraud After Investor Loses $750K


The Washington State financial regulator has issued a warning about potential cryptocurrency fraud involving a mining platform and wallet. A Washington investor was scammed out of over $750,000 after investing. Despite the investment supposedly growing to $1.4 million, the investor faced continuous...

Financial Giant State Street Launches 3 Digital Asset ETFs With Galaxy


Financial giant State Street Global Advisors has launched three digital asset and disruptive technology exchange-traded funds (ETFs) in collaboration with Galaxy Asset Management, focusing on blockchain, AI, and volatility management. These actively managed ETFs aim to capture market inefficiencies...

The PS5 Pro Is $700 And Here's What It Looks Like


After more than a year of rumors, Sony finally officially unveiled the PlayStation 5 Pro on Wednesday. Here’s what it looks like and what it can do for a hefty price tag of $700. And that’s without a disc drive. Read more

Moscow Exchange Opts out of Russia’s Crypto Trading Program


The Moscow Exchange (MOEX), Russia’s largest securities marketplace, will not participate in an experimental program for cryptocurrency trading, as confirmed by Nikolai Trunichkin, head of digital projects at the exchange. This decision follows the Russian State Duma’s July approval of...

How Might Donald Trump's Crypto Token Fit Into Regulations?


The former president of the United States is launching a crypto yield product, even as he appeals to the crypto industry in his current bid for office. Donald Trump will be the "chief crypto advocate" for World Liberty Financial, a venture that has offered scant hints so far about what it will...

The Internet Reacts To Sony's Unprecedented Unreleasing Of Concord


If you hadn’t heard the big news of the day, Sony and developer Firewalk Studios are shutting down Concord, the not-Guardians of the Galaxy hero shooter that has been flopping hard since its launch on August 23. The studio seems to be planning some kind of comeback, as the announcement says...

A U.S. Crypto Bill's 2024 Chances


Earlier this month, Senate Majority Leader Chuck Schumer (D-N.Y.) told the audience at a "Crypto4Harris" virtual event that he hoped to shepherd crypto legislation through Congress and have President Joe Biden sign the bill into law by the end of 2024. It was a bold promise, one that on first blush...

Washington State Probes Alleged Crypto Fraud Linked to Fake Nasdaq Exchange


The financial watchdog in Washington State is currently probing a complaint regarding a cryptocurrency platform that allegedly purports to be associated with the Nasdaq Stock Exchange. This inquiry began after an investor reportedly put in $200,000 following a solicitation on Facebook that...

40 Nations Join US and South Korea in Combating North Korean Crypto Crimes


The U.S. Department of State and the Republic of Korea’s Ministry of Foreign Affairs co-hosted a symposium in New York City on Tuesday, focusing on protecting the virtual asset industry from exploitation by North Korea (DPRK) and disrupting its revenue generation. The event aimed to curb...

Washington State Regulator Warns of Potential Fraud by BIB Crypto Platform


The Washington State Department of Financial Institutions (DFI) issued a consumer alert on Tuesday, stating that it has received a complaint regarding possible fraudulent activities by a cryptocurrency trading platform named BIB. An investor reported that after transferring 20,000 USDT to...

R.I.P. Unhosted Wallet Rule


In 2020, the Financial Crimes Enforcement Network proposed imposing know-your-customer requirements on unhosted wallets, drawing immense backlash from the crypto industry. This week, the Treasury Department formally withdrew the proposal

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