Sony subsidiary rebrands to S.BLOX, expands crypto trading
[Jul 1, 2024 2:44 AM] S.BLOX aims to enhance WhaleFin’s user interface and features, reflecting Sony Group’s growing crypto ambitions.
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Designating Crypto as the Bogeyman Will Not Halt the Nigerian Currency’s Depreciation
[Jul 1, 2024 2:10 AM] Labeling cryptocurrency a scapegoat, similar to blaming parallel market traders for the Nigerian currency’s woes, will not solve the underlying problems. Proactive preparation for consequential innovations is far preferable to reactive…
Gamestop Whale Roaring Kitty Sued for Securities Fraud
Blackrock’s Bitcoin ETF Starts Trading in Chilean Stock Exchange
[Jul 1, 2024 12:41 AM] Last week, the Ishares Bitcoin Trust (IBIT) arrived at the Santiago Stock Exchange, the main financial market of Chile. The leading spot bitcoin exchange-traded fund (ETF) instrument, which was approved this year by the U.S. Securities and Exchange…
Unveiling the Titans of Crypto Mining: A Deep Dive Into 5 Consensus Algorithms
[Jun 30, 2024 11:20 PM] In the intricate world of cryptocurrency, not all algorithms are forged equal. The proof-of-work (PoW) consensus algorithms like Kheavyhash, Scrypt, Blake3, SHA-256, and Ethash are the linchpins that not only secure but also empower the blockchain…
Milei Reveals New Economic Phase for Argentina: Zero Monetary Issuance
[Jun 30, 2024 9:37 PM] Javier Milei, the libertarian President of Argentina, has revealed the new policies that will be applied to cement the economic victories he has achieved in Argentina. In an interview, he stated that now, with the recent approval of the omnibus…
Hawaii Wraps Up Sandbox: Crypto Firms No Longer Need State Money Transmitter Licenses
[Jun 30, 2024 7:10 PM] The U.S. state of Hawaii’s regulatory sandbox concludes today. Crypto companies will no longer require a Hawaii-issued money transmitter license to conduct business within the state. However, they must comply with federal regulations…
Defi Education Fund on Chevron Doctrine Overruled: ‘It Opens a New Chapter in the Battle for Clear Regulations’
[Jun 30, 2024 4:36 PM] The Defi Education Fund, an organization focused on defending and bringing clarity to decentralized finance, pondered on what the recent overruling of the so-called Chevron doctrine might mean for crypto. The organization explained that this…
National Power Administration ANDE Employees Allegedly Involved in Setting up Illegal Bitcoin Mining Farms in Paraguay
[Jun 30, 2024 3:30 PM] National Power Administration (ANDE) employees have been accused of participating directly in setting up illegal bitcoin mining farms in Paraguay. According to local sources, seven engineers of the institution would have been installing bitcoin…
Treasury and IRS Announce Digital Asset Tax Reporting Regulations
[Jun 30, 2024 1:21 PM] The U.S. Department of the Treasury and the IRS have released final regulations for tax reporting on digital asset sales, as part of the Biden-Harris administration’s implementation of the Infrastructure Investment and Jobs Act. Additionally, the…
Analyst Updates Spot Ether ETF Launch Date Prediction Citing Slow SEC Review
[Jun 30, 2024 11:17 AM] Bloomberg’s senior ETF analyst has updated his prediction regarding the launch of ether exchange-traded funds (ETFs), noting delays due to the U.S. Securities and Exchange Commission (SEC)’s review process during the holiday week. Despite the…
Stablecoin Market Remains Steady in June Amidst Crypto Volatility
[Jun 30, 2024 10:01 AM] While June was a lackluster period for crypto assets as many experienced double-digit losses against the U.S. dollar, the stablecoin market also saw minimal growth over the past 30 days. Ethena’s USDE led the growth, with its supply…
The Six-Digit Struggle: What if Bitcoin Falls Short of $100K?
[Jun 30, 2024 9:15 AM] As bitcoin continues to lead the cryptocurrency market, its notable climb beyond previous peaks has drawn the interest of investors and supporters alike. The dominant cryptocurrency’s latest performance suggests it might approach a triple…
Nigeria urged to adopt crypto regulations inspired by Europe
[Jun 30, 2024 6:43 AM] Nigerian data and policy analyst Obinna Uzoije noted that a unified regulatory framework for all ECOWAS member states would offer potential crypto investors much-needed clarity.
Floki Inu warns of fake tokens on Solana and Base blockchains
[Jun 30, 2024 2:06 AM] Floki Inu urged its community to obtain token information only from official sources to prevent falling victim to these fraudulent schemes.
Zambia Working on Establishing an AI Framework, Says Minister
[Jun 30, 2024 1:39 AM] Zambia has reportedly initiated a process to establish an artificial intelligence framework and is collaborating with the Tony Blair Institute to formulate an artificial intelligence strategy. Sarah Luyele Njamu said Zambia can leverage AI for…
Crypto ATM Installations Rise in 2024, Adding 2,564 New Machines Globally
[Jun 29, 2024 8:28 PM] In June, the number of cryptocurrency automated teller machines (ATMs) saw a slight decline, yet 377 new ATMs were installed during the month. Since January 2024, data shows a total of 2,564 crypto ATMs have been deployed globally. 2024 Sees Steady…
Crypto Exchange Binance Takes Action Against Account Misuse
[Jun 29, 2024 6:22 PM] Cryptocurrency exchange Binance has announced measures to address the misuse of account features on its platform, aimed at preventing unfair advantages such as better fee rates. Enhanced monitoring, investigations, and user reporting channels are…
Robert Kiyosaki Cautions Against Bitcoin ETFs — Prefers Owning ‘Real Bitcoin’
[Jun 29, 2024 5:16 PM] Rich Dad Poor Dad author Robert Kiyosaki has cautioned against investing in bitcoin exchange-traded funds (ETFs). He prefers investing in actual bitcoin, calling bitcoin ETFs fake bitcoin. He recently revealed that he buys bitcoin every month and…
Court Dismisses SEC Claim on Secondary Sales of BNB
[Jun 29, 2024 4:14 PM] The U.S. District Court for the District of Columbia has dismissed several claims in the U.S. Securities and Exchange Commission (SEC)’s case against Binance and its affiliates. This includes allegations related to secondary BNB sales and…
SEC Asks Court to Quash Coinbase Subpoena in Legal Clash Over Crypto Regulations
[Jun 29, 2024 3:20 PM] The U.S. Securities and Exchange Commission (SEC) has asked the court to quash a subpoena issued by crypto exchange Coinbase that demands documents related to the crypto markets and personal communications of SEC Chair Gary Gensler. The SEC argues…
Supreme Court’s Chevron Ruling Seen as ‘a Game Changer’ for Crypto Industry
[Jun 29, 2024 12:40 PM] The U.S. Supreme Court has struck down Chevron deference, a doctrine that allowed federal agencies broad discretion in interpreting ambiguous statutes. This decision is seen as a pivotal shift towards greater regulatory clarity and judicial…
Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall
[Jun 29, 2024 11:03 AM] With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per…
Consensys to Challenge SEC in Court: Confident SEC Lacks Authority to Regulate Software Interfaces Like Metamask
[Jun 29, 2024 9:22 AM] Consensys Software has issued a statement addressing U.S. Securities and Exchange Commission (SEC) charges accusing the company of unregistered securities offerings through Metamask staking and swaps. Consensys contends the SEC’s actions are…
Ledn Co-Founder Mauricio Di Bartolomeo States Crypto Will Be a Determinant Factor on Latam Elections: ‘People Want Bitcoin’
[Jun 29, 2024 8:36 AM] Mauricio Di Bartolomeo, co-founder and CSO of Ledn, a Canada-based bitcoin lending platform, stated that Latam citizens are shifting to elect governments supporting bitcoin as a better money alternative. In an interview with Bitcoin News, Di…
‘Secrecy of Crypto Usage’ Drives Youth Cryptocurrency Adoption, Says Nigerian Regulator
[Jun 29, 2024 5:19 AM] According to a Nigerian regulator, young people who are adopting cryptocurrencies are drawn to their secrecy, and many of them do not have bank accounts. However, the regulator also stated that the Securities and Exchange Commission (SEC) will…
FTC Warns: Social Media Investment Scams on the Rise
[Jun 29, 2024 2:16 AM] The U.S. Federal Trade Commission (FTC) has warned consumers about a surge in social media investment scams, especially in cryptocurrency. These scams involve fraudulent messages claiming guaranteed high returns with little or no risk. The FTC…
Malicious Crypto Wallet App Submitted to Apple Store Leads to Fraud Charges
[Jun 28, 2024 10:20 PM] The U.S. Department of Justice (DOJ) announced on Wednesday that Nikita Andreevich Sklyuev, also known as Valeriy Dorojkin, has been extradited from Ukraine and arraigned in Buffalo, NY, on charges of wire fraud and fraudulent use of an…
Dozens Killed in Riots as Kenya Revolts Against Tax Hikes, Calls for Presidential Resignation
[Jun 28, 2024 9:18 PM] Dozens of citizens were killed in Kenya as a result of riots seeking to protest the possible signing of a bill that would approve tax hikes on daily services and items, such as internet and fuel, in a plan to raise an additional $2.7 billion in…
Study: Crypto Assets Worth $572.7 Million Lost to Hacks and Fraud in Q2 2024
[Jun 28, 2024 7:45 PM] Digital assets worth over $572.7 million were lost to hacks and fraud in the second quarter of 2024. This latest figure brings the value of digital assets lost to hacks, fraud, and scams in 2024 to $920.9 million. Decentralized finance (defi)…