New York Attorney General Letitia James has secured a $ 50 million settlement from cryptocurrency exchange Gemini for Earn program investors. This settlement ensures that all defrauded investors will fully recover the assets they invested but were unable to withdraw when the program collapsed. Additionally, Gemini is now banned from operating any crypto lending …
Hunter Horsley, co-founder and CEO of Bitwise, a San Francisco-based cryptocurrency asset management firm, declared that the “digital gold” narrative limits bitcoin’s reach as an investment asset. Horsely stated that, while the “digital gold” representation has been helpful for bitcoin, it has many qualities that put it over gold and it is time to “graduate” […]
Felix Ulloa, Vice-President of El Salvador, stated that the government has considered de-dollarizing the country and returning to its national currency, the colon. However, he said that it would be too costly. For Ulloa, bitcoin presents an opportunity to liberate the country from central banks and fiat currency. El Salvador’s Vice-President Felix Ulloa: Bitcoin Offers […]
According to the latest data, from April 1 to June 1, 2024, Coinbase experienced an outflow of more than 40,000 BTC. In the past 13 days, an additional 10,889 BTC, valued at $ 726 million, has exited the San Francisco crypto exchange. Further analysis reveals that since May 13, approximately $ 7.05 billion …
Privado ID, previously known as Polygon ID, has announced its spin-off from Polygon Labs on June 13, 2024. The move aims to meet the global demand for digital identity and reputation solutions that work with both onchain and online data. Privado ID’s technology leverages decentralization and private interaction to reduce cost, complexity, and counterparty risk. […]
Russian President Vladimir Putin recently announced that the BRICS bloc aims to establish an independent payment system, free from political pressure and external interference. Putin stated that the addition of new members has increased BRICS’ share of global GDP to 36% and its share of the global population to 45%. Putin Announces BRICS Open to […]
The U.S. Federal Trade Commission (FTC) has issued a warning about cryptocurrency romance scammers who offer investment advice. The FTC emphasizes the risks involved and urges immediate reporting and caution to protect others. “They establish an emotional connection with you so you’re more likely to believe that they’re an expert in cryptocurrency investing, for example,” […]
South Korea’s top financial regulator has issued guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets. This distinction aims to minimize the risk of widespread user harm. The guidelines will be part of the Virtual Asset User Protection Act, effective July 19, 2024. FSC Issues New NFT Classification Guidelines On Monday, South Korea’s top […]
Over the past weekend, 211.51 dormant bitcoins valued at $ 14.79 million were reactivated after over a decade of inactivity. More than half of these funds originated from bitcoin wallets that had been inactive since 2012. Vintage Bitcoin Wallets Unleash 211.51 Bitcoin Since June 8, 2024, a series of four transactions brought 211.51 dormant …
Economist and gold bug Peter Schiff has cautioned that the approval of spot ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) could negatively impact spot bitcoin ETFs and bitcoin. Speculation is high that the SEC will approve spot ether ETFs this week, as the securities watchdog faces two impending deadlines. Peter […]
Amid growing speculation about the potential approval of spot ethereum exchange-traded funds (ETFs), Fidelity Investments has revised its ether ETF filing, omitting all staking features previously included in the proposal. This update follows reports that ETF issuers were allegedly instructed to revise their 19b-4 filings with the U.S. Securities and Exchange Commission (SEC). Fidelity Alters […]
According to records, China has divested $ 53.3 billion in U.S. Treasury notes and agency bonds during the first quarter. Some analysts suggest this reduction in foreign exchange reserves might be China’s strategic move to leverage its holdings against the United States. China’s Treasury Holdings Drop Dramatically, Raising Red Flags for U.S. Markets China …
Despite bitcoin holding steady above the $ 66,000 mark on Friday, the leading cryptocurrency is still down 9% from its all-time high (ATH). In comparison, most other cryptocurrencies are much further from their ATHs, with many alternative crypto assets still having a significant journey ahead to reach their former peaks. Bitcoin: 9% Below ATH …
Circle, a stablecoin issuer based in the Republic of Ireland, has reportedly announced plans to relocate its legal domicile to the United States. The decision is believed to be a response to the Organization for Economic Cooperation and Development’s (OECD) proposal for a minimum tax of 15% on the profits of larger multinational corporations. Republic […]
PRESS RELEASE. Astra Nova, the pioneering Web3 RPG from Saudi Arabia, is excited to announce the launch of its SocialFi platform, The Black Pass. This innovative platform is accessible through a free soulbound NFT and offers a competitive edge by tracking players’ in-game activity. On The Black Pass, users embark on social quests and collect […]