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Global Crypto Advocacy Movement Reaches Canada

[Jul 13, 2024 2:17 AM] Stand with Crypto, a global movement advocating for sensible crypto innovation and policy, has expanded to Canada. Originating in the U.S. with over 1.1 million advocates, the movement is now active in the UK and aims to amplify Canadian voices…

SEC Secures Default Judgments in $45 Million Coindeal Fraud Case

[Jul 11, 2024 8:31 PM] The U.S. Securities and Exchange Commission (SEC) announced this week that the U.S. District Court for the Eastern District of Michigan has issued default judgments against Garry Davidson and Linda Knott for their involvement in a fraudulent $45…

Crypto Support Surges Among GOP Voters, Poll Finds

[Jul 11, 2024 6:30 PM] A poll conducted by research-driven technology investment firm Paradigm in June, published on Thursday, has revealed that Republicans strongly support financial freedom through cryptocurrency and oppose centralized control, such as central bank…

Lithuania Fines Crypto Firm $10M for Russian Sanctions Violations

[Jul 11, 2024 12:33 AM] The Lithuanian Financial Crime Investigation Service (FNTT) has fined the crypto firm Payeer nearly 9.3 million euros ($10 million) for international sanctions violations and anti-money laundering (AML) breaches. Specifically, Payeer was fined 8.23…

Riot Platforms Proposes Comprehensive Plan to Improve Bitfarms

[Jul 8, 2024 11:13 PM] Riot Platforms Inc. (Nasdaq: RIOT) has proposed a comprehensive plan to improve Bitfarms Ltd. (Nasdaq: BITF) and has launched a website to detail this strategy. As part of its efforts to acquire Bitfarms, Riot has called for a special…

Bitfarms Leadership Change: Ben Gagnon Named CEO

[Jul 8, 2024 7:11 PM] Bitfarms Ltd. (Nasdaq: BITF), a global bitcoin mining company, has appointed Ben Gagnon as chief executive officer, effective immediately. Gagnon, previously chief mining officer, has significantly contributed to Bitfarms’ growth over the…

Robinhood Moves Forward With Acquisition of Bitstamp

[Jul 6, 2024 9:32 PM] Robinhood Markets Inc. is moving forward with its acquisition of Bitstamp Ltd., a global cryptocurrency exchange. As part of this process, Robinhood Crypto LLC has submitted a change of control application to the New York Department of Financial…

CFTC Wins Case Against Crypto Fund Operators

[Jul 3, 2024 8:36 PM] The U.S. Commodity Futures Trading Commission (CFTC) filed a case against Sam Ikkurty, Ravishankar Avadhanam, and Jafia LLC for civil violations of the Commodity Exchange Act (CEA), specifically involving cryptocurrency investments. The court…

BIS Report Warns of Rising Public Debt Risks to Global Economies

[Jul 1, 2024 11:34 PM] The Bank for International Settlements (BIS) Annual Economic Report 2024, published on June 30, highlights the significant risks posed by rising public debt levels across both advanced and emerging market economies. The report stresses that without…

Yield App Suspends Operations Ahead of Liquidation

[Jun 28, 2024 6:45 PM] Yield App, a platform for earning interest, buying, and swapping cryptocurrencies, announced on social media platform X Friday the suspension of all activities in preparation for liquidation proceedings. The Seychelles-based company halted…