41 / 238 Relevant items tagged with #Cryptocurrency
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Latam Insights: El Salvador Advances Talks With IMF Despite Bitcoin Allegiance; Brazil Passes First Solana Spot ETF
[Aug 12, 2024 11:20 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the last week. In this issue: El Salvador holds talks with the IMF despite its Bitcoin allegiance; Brazil greenlights the first Solana spot…
47 Companies Apply to Operate in Turkey Under New Crypto Regulations
[Aug 12, 2024 3:30 AM] Turkey’s Capital Markets Board has issued an update on crypto asset service providers following new regulations. The provisional lists include 47 operational companies and three that are planning to liquidate. Current crypto service roviders are…
Ripple Legal Chief Discusses Potential SEC Appeal After Final Ruling in XRP Case
[Aug 12, 2024 1:30 AM] Ripple’s chief legal officer has addressed the possibility of an appeal by the U.S. Securities and Exchange Commission (SEC) following the $125 million final judgment in the XRP case. He suggested that if the Biden-Harris administration is…
Putin Signs Law to Advance Cryptocurrency Use in Russia’s International Trade
[Aug 11, 2024 11:30 PM] Russian President Vladimir Putin has signed a new law to establish experimental legal frameworks to advance digital technologies, particularly cryptocurrencies, in international trade. The legislation allows for the modification of laws to…
Bitcoin Slips Below $59K as Crypto Market Faces $132M in Liquidations
[Aug 11, 2024 10:05 PM] On Sunday, bitcoin slipped below the $60,000 mark and dipped even further beneath the $59,000 range. The leading cryptocurrency touched an intraday low of $58,315, after previously hitting a high of $61,868 earlier in the day. Crypto Crash Course…
From Teraflux to Antminer: Exploring the Top ASIC Bitcoin Mining Rigs on the Market Today
Venezuelan Government Blocks Binance, Cutting P2P Market Access for Thousands
[Aug 11, 2024 7:05 PM] CANTV, a Venezuelan state-owned ISP, has reportedly started blocking traffic to Binance, one of the largest cryptocurrency exchanges in the world. The company, which controls a significant portion of the Venezuelan broadband market, has left…
Bitcoin Difficulty Reduction Incoming? Miners Brace for a Major Shift on Aug. 14
Bitcoin Exchange Outflows Soar To Yearly High – Could This Fuel A Return To $70,000?
[Aug 11, 2024 4:00 PM] The recent slide in price of Bitcoin below the $60,000 threshold, followed by a subsequent drop below $50,000, might finally be showing signs of reversal, as suggested by the latest buying trends. These trends indicate a strong accumulation phase…
150,000 Ether Floods Liquid Staking Platforms in 27 Days
[Aug 11, 2024 2:05 PM] In the last 27 days, ether liquid staking derivatives have experienced an influx of 150,000 ETH, valued at $390 million, flowing into various protocols. Notably, since July 14, 100,000 ETH made its way to Lido, the world’s leading liquid…
Speed Launches USDT-L, Tether’s First Iteration on Top of Bitcoin’s Lightning Network
[Aug 11, 2024 8:49 AM] Speed, the company behind the Speed Wallet, has launched USDT-L, the first iteration of Tether, the largest stablecoin on the crypto market, on top of Bitcoin’s Lightning Network (LN). The wrapped token, which takes advantage of the…
SEC Cracks Down on Ideanomics for Fraud in Misleading Crypto and Revenue Disclosures
[Aug 11, 2024 7:30 AM] The U.S. Securities and Exchange Commission (SEC) has charged Ideanomics Inc. and three of its senior executives with fraud for misleading financial disclosures from 2017 to 2019. Former Chairman and CEO Zheng (Bruno) Wu, current CEO Alfred Poor…
Nigerian Files Lawsuit to Overturn Crypto Ban, Seeks BTC Commodity Status
[Aug 11, 2024 6:30 AM] A Nigerian bitcoin proponent has launched a lawsuit challenging government restrictions on owning, using, and trading digital assets. The proponent said the lawsuit seeks to remove the blockade on cryptocurrency exchanges, ensuring all Nigerians…
Connecticut Police Recover $63,500 in Cryptocurrency Scam
[Aug 11, 2024 5:30 AM] Connecticut State Police (CSP), in collaboration with the Statewide Prosecution Bureau, said on Wednesday that they have successfully recovered over $63,500 for a victim of a cryptocurrency phishing scam. The incident, reported in April by a…
Queens Bitcoin Heist: Seven Charged With Grand Larceny and Money Laundering
[Aug 11, 2024 3:30 AM] Seven individuals have reportedly been indicted on charges of grand larceny, money laundering, and identity theft for stealing $300,000 in bitcoin from a Queens auto body shop owner. The victim’s 5.75 BTC, originally valued at $92,000, was…
Cornell Professor Warns of Growing Crypto Risks Amid Misleading Promises and Hype
[Aug 11, 2024 2:30 AM] A professor at Cornell University’s Dyson School, Eswar Prasad, has raised concerns about the increasing risks in the cryptocurrency market, pointing to regulatory gaps and centralization as key issues. “If anything, crypto today presents…
SEC Addresses Final Court Ruling in Ripple Case, Highlights Key Outcomes
[Aug 11, 2024 1:30 AM] The U.S. Securities and Exchange Commission (SEC) has addressed District Judge Analisa Torres’ ruling in the Ripple case over XRP, emphasizing the substantial financial penalties imposed on the crypto firm and its ongoing securities law…
Putin Signs Law to Regulate Crypto Mining in Russia
[Aug 10, 2024 10:30 PM] Russian President Vladimir Putin has enacted legislation to formally regulate the cryptocurrency mining sector in Russia, with the law set to take effect in November. This legislation establishes a regulated framework for mining operations…
Peru Issues VASP Regulation, Strengthens AML/TF Requirements
[Aug 10, 2024 9:30 PM] The Superintendence of Banking and Insurance (SBS) of Peru, has issued a resolution that forces VASPs to implement Know Your Customer (KYC) and anti-money laundering (AML) measures as part of a compliance plan. The resolution is in line with FATF…
Solana Gains Ground on Ethereum and Bitcoin in 2024
Celsius sues Tether seeking $3.5B over Bitcoin collateral selloff
[Aug 10, 2024 6:36 PM] The assets in question were evidently given to Tether as collateral.
Spot Bitcoin and Ethereum ETFs Shed Millions in Friday Trading
[Aug 10, 2024 4:30 PM] During Friday’s trading sessions, U.S. spot bitcoin and ethereum exchange-traded funds (ETFs) experienced significant outflows, with $89.73 million exiting the BTC ETFs and $15.71 million flowing out of the ETH ETFs. Bitcoin and Ethereum…
XRP Price Enters Wave 3, Crypto Analyst Puts Top At $36.76
[Aug 10, 2024 4:00 PM] Crypto analyst Dark Defender provided an in-depth analysis of XRP price action using the Elliot Wave Theory. In his analysis, the analyst revealed what to expect from the crypto token and where its price is eventually headed. XRP Could Rise To As…
Over a Dozen 11-Year-Old Bitcoin Wallets Awaken, Transferring Millions
[Aug 10, 2024 3:30 PM] In recent days, as bitcoin edged past the $60,000 mark after dipping below $50,000 on Monday, Aug. 5, a couple of intriguing dormant bitcoin transfers have surfaced from wallets established in 2013. The first case involved an individual who moved…
Wazirx to Reverse All Trades Made After Withdrawal Freeze
[Aug 10, 2024 2:20 PM] Indian crypto exchange Wazirx has decided to reverse all trades made after withdrawals were halted following the recent cyberattack. The exchange announced that this process will take place over the next few days, with all users’ portfolio…
Harris campaign’s crypto ‘reset’ questioned amid Fed crackdown
[Aug 10, 2024 10:42 AM] Critics argue that the US Federal Reserve’s actions are a significant overreach and could stifle innovation in the cryptocurrency sector.
SEC and Ideanomics settle crypto revenue reporting fraud charges
[Aug 10, 2024 8:12 AM] According to the report, all parties involved have agreed to settle the charges without admitting or denying the SEC’s findings
Grayscale Forecasts Bitcoin To Retest All-Time Highs By 2024 End If US Avoids Recession
[Aug 10, 2024 6:00 AM] The Bitcoin market experienced a major downturn earlier this week attributed to concerns regarding the US economic outlook and increased volatility in the broader financial markets. Notably, Ethereum’s performance lagged, potentially…
Milei’s Government Creates ‘Minority Report’ AI Unit to Predict Crimes in Argentina
[Aug 10, 2024 3:30 AM] The government of President Javier Milei has created a security-focused artificial intelligence (AI) unit that will use learning algorithms and other technologies to supervise the internet and predict crimes before they happen in Argentina. The…