33 / 36 Relevant items tagged with #NewsBytes
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Mark Cuban Blasts SEC’s Crypto Regulation, Advocates for Japan’s Approach
[May 13 1:17 AM] Billionaire investor and “Shark Tank” star, Mark Cuban, has taken to social media to voice his concerns about the U.S. Securities and Exchange Commission’s (SEC) approach to cryptocurrency regulation. In a series of posts, Cuban criticizes the SEC
North Korean Hacker Group Targets South Korean Crypto Firms With New ‘Durian’ Malware
Philippine Central Bank Approves Peso-Pegged Stablecoin for Faster Remittances
[May 12 7:20 PM] The Bangko Sentral ng Pilipinas, the central bank of the Philippines, has approved PHPC, a stablecoin pegged to the Philippine peso, aimed at facilitating cost-effective remittances. Crypto exchange Coins.ph, the stablecoin issuer, plans to attract…
Turkey Prepares New Crypto Law to Align With International Standards
[May 12 4:14 PM] Turkey is preparing to present a new law to regulate crypto assets to Parliament. The legislation, aimed at aligning with international standards and reducing risks associated with crypto transactions, will enforce strict regulations on the…
Billionaire Barry Sternlicht Foresees Banks Failing Every Week in US
[May 12 3:19 PM] Barry Sternlicht, CEO of Starwood Capital Group, has voiced concerns about the vulnerability of regional and community banks in the U.S. to high interest rates and inflation, particularly amid the commercial real estate downturn. He forecasted…
279 Crypto Accounts Forfeited to US Government in North Korean Laundering Crackdown
[May 12 11:15 AM] The U.S. District Court for the District of Columbia has ordered the forfeiture of 279 cryptocurrency accounts containing funds linked to alleged hacks of crypto exchanges by North Korean operatives. This measure is a component of a broader U.S…
Goldman Sachs Analyst Says Consumers Under Severe Pressure as Stagflation Intensifies
[May 12 8:20 AM] Goldman Sachs analyst Scott Feiler warns of a bleak outlook for consumers as stagflation looms, with a bearish stance on consumer cyclicals and defensive stocks. Amidst the administration’s troubled Bidenomics, heavily indebted consumers face…
US Scrutiny of Tether Could Disrupt Crypto Ecosystem, Ripple CEO Warns
Match Systems Announces Recovery of $68 Million in Stolen Cryptex Crypto Assets
[May 12 3:32 AM] Match Systems, a cybersecurity company specializing in Anti-Money Laundering (AML) services, blockchain forensics, and investigations, recently announced the recovery of $68 million in stolen crypto assets from Cryptex, a cryptocurrency trading…
Openai CEO Sam Altman Believes Processing Power Might Be the New UBI
[May 12 2:16 AM] Sam Altman, CEO of Openai, the company behind the artificial intelligence (AI) model Chatgpt, has reflected on how the new wave of universal basic income (UBI) initiatives might be organized. In an interview at the All-in podcast, Altman stated…
Bank of Canada Governor Warns of ‘Sharp Correction’ Risks in Markets and ‘System-Wide Stress’
[May 11 11:42 PM] In his speech on the release of the Financial Stability Report, Tiff Macklem, Governor of the Bank of Canada, sought to emphasize the purported strength of Canada’s financial system while cautioning against ongoing risks that could…
US Justice Department Chooses FRA Over Sullivan & Cromwell for Binance Oversight
[May 11 12:40 PM] The Justice Department has designated Forensic Risk Alliance (FRA) as the external monitor for Binance Holdings Ltd. This decision comes in the wake of Binance’s acknowledgment of breaching U.S. anti-money laundering regulations and…
Solana’s Defi Landscape to Shift With Marginfi’s Introduction of YBX Stablecoin
[May 11 10:33 AM] The decentralized lending protocol built on the Solana blockchain, Marginfi, announced the upcoming launch of YBX, which is expected to be the first notable decentralized stablecoin on Solana, aiming to provide an alternative to the network’s…
Crypto Exchanges Helping Brazilian Flood Victims
[May 11 8:20 AM] Several cryptocurrency firms are stepping up to support flood victims in Southern Brazil. For example, Okx has partnered with Brazilian cryptocurrency exchange Foxbit to match donations of up to $10,000 to the “Ajude o Rio Grande do…
Coingecko Study: Low-Float Cryptocurrencies Make up 21.3% of Top 300 by Market Capitalization
[May 10 10:39 PM] According to the findings of a Coingecko study, low-float cryptos currently account for 21.3% of the top 300 cryptos by market capitalization. The four cryptos with the lowest float are worldcoin (WLD), cheelee (CHEEL), starknet (STRK), and saga…
Wells Fargo Holds Spot Bitcoin ETFs, Reveals SEC Filing of Grayscale Shares
[May 10 9:27 PM] Wells Fargo, a major US banking entity, is now storing a spot bitcoin ETF for its customers, as revealed in a new SEC filing, holding 2,245 shares of the Grayscale Bitcoin Trust (GBTC), which was recently converted into an ETF. Though the value of…
Bitcoin Meal Box: South Korean Convenience Store Chain Partners With Crypto Exchange to Promote BTC
Grayscale Maintains Steady Revenue Despite Massive GBTC Outflows in Q1
[May 10 1:19 PM] Grayscale Investments maintained stable revenue in the first quarter despite substantial outflows from the Grayscale Bitcoin Trust (GBTC), its converted spot bitcoin exchange-traded fund (ETF). The firm reported $156 million in revenue, little…
X Launches ‘AI Audience’ for Advertisers, Promises Precision in Targeting
Japanese Crypto Platform SBI VC Trade Begins Validator Node Operations on XRP Ledger
[May 10 2:13 AM] SBI VC Trade Co., Ltd., a Japanese crypto-asset trading platform, has announced the commencement of its operation as a validator node on the XRP Ledger blockchain. This move aims to earn recognition for reliable performance from the XRP Ledger…
Eclipse Labs CEO Steps Down After Sexual Misconduct Allegations Surface
[May 10 1:00 AM] Eclipse Labs founder and CEO Neel Somani has decided to reduce his public role within the company temporarily amid allegations of sexual misconduct, asserting his innocence and readiness to defend his reputation on the social media platform X…
Revolut X, New Cryptocurrency Exchange Platform, to List Dash
Jack Dorsey Forecasts Bitcoin to Reach $1 Million by 2030
[May 9 11:32 PM] Twitter co-founder Jack Dorsey predicts that the price of Bitcoin could hit at least $1 million by 2030, suggesting its value may grow even further thereafter. In an interview, he expressed his enthusiasm not just about Bitcoin’s potential…
Pantera Capital Backs Telegram’s TON With Its Largest Investment Ever
Canaan Launches Upgraded Version of Its Avalon A15 Series Bitcoin Miner
[May 9 9:29 PM] Canaan Inc. has launched the Avalon A15 series, with the new product being the A1566 model. This upgraded bitcoin mining machine incorporates Canaan’s most advanced technology. The A1566 model sets a new performance benchmark with an…
Tether Counters Deutsche Bank’s Stablecoin Warning, Defends Reserve Transparency
[May 9 9:10 PM] Tether strongly criticized a Deutsche Bank report that raised concerns about the stability of stablecoins, including Tether’s dollar-pegged token, predicting a potential crisis similar to the 2022 collapse of Terrausd, which erased billions…
Latam E-Commerce Giant Mercado Libre Holds $40 Million in Crypto
[May 9 8:28 PM] Mercado Libre, one of the biggest e-commerce platforms in Latam, has disclosed it holds over $40 million in cryptocurrency, according to its Q1 2024 filings. The company disclosed that it held 412.7 bitcoin (BTC) and 3,041.6 ethereum (ETH), by…
Woman Sentenced to 9 Years in Prison for Crypto-Funded Murder-for-Hire Scheme
[May 9 6:33 PM] Michelle Murphy, 58, from Bedford, Texas, has been sentenced to nine years in federal prison for attempting to hire a hitman using bitcoin to kill her boyfriend’s lover. Charged in September 2023 and pleading guilty in December, Murphy used…
Binance Fined Over $4 Million in Canada for Money Laundering Violations
[May 9 4:11 PM] Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) has imposed a fine of C$6 million on crypto exchange Binance for failing to comply with anti-money laundering and terrorist financing laws. This penalty, equivalent to…