34 / 236 Relevant items tagged with #cryptocurrency
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Bitcoin ETFs Soar With $252M Influx, Ether ETFs Experience Another Day of Losses
[Aug 24 1:30 PM] At the end of the day on Friday, U.S. spot bitcoin exchange-traded funds (ETFs) reported a substantial $252 million in net gains. In contrast, ether ETFs continued their downward trend, losing another $5.7 million. Bitcoin ETFs Shine with $252M…
Kraken Crypto Exchange Fined by Australian Court
[Aug 24 11:20 AM] The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination…
AI Coding Tool Cursor Raises $60 Million at a $400 Million Valuation
India Expected to Release Consultation Paper on Cryptocurrency Regulations in Coming Months, Report
[Aug 24 2:30 AM] The Indian government, through a panel headed by the Secretary of the Department of Economic Affairs (DEA), is expected to release a consultation paper on cryptocurrency regulations. The paper, scheduled for release between September and October…
Bitcoin Blasts to $64,853—Powell’s Rate Cut Hints Lift Entire Crypto Market
[Aug 23 10:31 PM] Bitcoin reached an impressive peak of $64,853 per unit on Friday, spurred by U.S. Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, where he hinted at the possibility of rate cuts in September. The cryptocurrency showed a 5.3%…
National Power Administration of Paraguay Seizes 693 Miners in Illegal Bitcoin Mining Operation
[Aug 23 9:30 PM] The National Power Administration of Paraguay (ANDE) has recently detected and seized an illegal bitcoin mining operation hosting 693 miners. ANDE inspectors detected a tampered meter that failed to register all the energy consumed by the equipment…
Crypto advocates file brief against SEC's investor tracking database
[Aug 23 8:44 PM] The Consolidated Audit Trail would gather a monumental amount of data, and more than it is meant to when it exposes the identity of crypto wallet holders.
Report Reveals Hamster Kombat Faces Legal Action From Early Investors
[Aug 23 8:30 PM] Hamster Kombat, the Telegram tap-to-earn gaming sensation, is facing legal woes in Russia stemming from conflicts between its alleged creator, Eduard Gurinovich, and one of its early investors, Ad.ru, an IT holding company. According to reports…
Court denies Kraken’s motion to dismiss SEC lawsuit
[Aug 23 8:11 PM] The SEC alleges Kraken is operating an unregistered securities exchange.
Bitcoin Investors Face Diverging Fortunes as Long-Term Holders Stay Steady, Glassnode Reveals
[Aug 23 7:30 PM] Bitcoin’s market dominance has reached 56% as long-term holders continue to accumulate despite turbulent market conditions, according to a comprehensive report by Glassnode. The latest onchain report highlights a divergence in investor…
Satoshi vs physics: How quantum Bitcoin miners could make ASIC obsolete
[Aug 23 5:28 PM] Quantum rigs might pose a bigger threat to blockchains than quantum decryption.
Bitcoin Block 857,911 Delivers $1.12M to Antpool as Miners Enjoy Fee Windfall
[Aug 23 4:30 PM] On Thursday, Bitcoin network fees took a significant leap, crossing the $100 mark shortly after 8:45 a.m. EDT. However, this spike was short-lived as fees quickly dropped, settling at just $0.34 per transaction by 7 p.m. EDT. Data collected from…
Wazirx to Resume INR Withdrawals Up to 66% — Crypto Withdrawals Remain Suspended
[Aug 23 3:30 PM] Indian crypto exchange Wazirx has announced that INR withdrawals will resume in phases starting on Aug. 26, following a cyberattack that disrupted services. To manage crypto balances, Wazirx plans to implement a Singapore Scheme of Arrangement to…
Web3 adoption’s main issue: Seed phrases won’t work for 95% of mainstream users
[Aug 23 3:04 PM] Crypto wallets with easier sign-in options and recoverable passwords could become the industry standard in the future.
Clucoin Founder Pleads Guilty to Crypto Fraud, Confesses to Personal Use of Investor Funds
[Aug 23 11:20 AM] The founder of cryptocurrency project Clucoin has pled guilty to wire fraud, admitting to diverting $1.14 million in investor funds for personal use, including gambling. Despite promoting the cryptocurrency for charitable causes, Taylor used his…
El Salvador’s Bitcoin holdings grow by 162 BTC with daily buys
[Aug 23 10:30 AM] With each new Bitcoin purchase, the country’s financial future becomes increasingly tied to the fortunes of an unpredictable crypto market.
Brazilian Securities Regulator Greenlights Second Solana Spot ETF
[Aug 23 10:30 AM] The Brazilian Securities Regulator (CVM) approved a solana spot exchange-traded fund (ETF) on Tuesday, the second of its kind in the country. According to data from the CVM database, this new instrument will be offered by Hashdex, a Brazil-based…
99 Arrested in Philippine Crypto Scam Hub Raid
[Aug 23 8:30 AM] Philippine police have arrested 99 individuals during a raid on a suspected scam hub in Parañaque City, uncovering a fraudulent cryptocurrency and romance scheme involving foreign and local workers. The company was unregistered and forced employees…
Binance Launches Mobile Money Feature for Crypto Transactions in Africa
[Aug 23 7:30 AM] Crypto exchange Binance has launched its One Click Buy and Sell (OCBS) service in Africa, enabling users in Ghana, Tanzania, Uganda, and Zambia to buy and sell cryptocurrencies via mobile money accounts. This initiative aims to enhance financial…
Man Faces 20-Year Prison Sentence in Crypto Money Laundering Case
[Aug 23 6:30 AM] A Rhode Island resident has pleaded guilty to money laundering conspiracy linked to an international drug trafficking ring. The operation laundered over $25 million using cryptocurrency, with Villa directly involved in converting cash into crypto…
Pip Labs Raises $80 Million at a $2.25 Billion Valuation to Protect IP via Blockchain
[Aug 23 5:30 AM] Pip Labs has raised $80 million in a Series B funding round led by VC firm A16z, reaching a valuation of $2.25 billion. The round aims to extend the development of Story, a blockchain aiming to tokenize and protect what Pip Labs calls the…
Taiwan Court Convicts 8 in Espionage Case Involving Crypto Payments
[Aug 23 4:30 AM] Taiwan’s high court on Thursday convicted eight people, including military personnel, of espionage for China, with payments allegedly made in cryptocurrency, the Central News Agency reported. The sentences range from 1.5 to 13 years in prison…
FBI Recovers $5 Million From Pig Butchering Crypto Scam
Tim Draper Leads $2.5 Million Funding Round for Ark Labs to Advance Bitcoin Payment Solutions
[Aug 23 2:30 AM] Ark Labs has secured $2.5 million in pre-seed funding led by Tim Draper, aimed at advancing the Ark protocol for simplifying bitcoin payments. This funding will help Ark Labs enhance their user-friendly, non-custodial payment system, making bitcoin…
Paypal Launches PYUSD Rewards Program With Anchorage Digital
[Aug 23 1:30 AM] Anchorage Digital has launched its first stablecoin rewards program for Paypal USD (PYUSD) holders, offering institutions a secure way to earn rewards. Available through Anchorage Digital’s platform and the Porto self-custody wallet, the…
Supreme Court Urged to Protect Crypto in Nvidia-Backed Legal Fight
Donald Trump Pushes New Crypto Platform to Challenge Big Banks and Financial Elites
Mercado Libre, Latam’s Largest Company, Launches Own Dollar Stablecoin
[Aug 22 10:30 PM] Mercado Libre, the largest public company in Latam by market capitalization, has announced the release of its own dollar-pegged stablecoin, the meli dolar, for the Brazilian market. The development was completed in partnership with Ripio, an…
El Salvador to Educate 80,000 Public Servants on Bitcoin
[Aug 22 7:30 PM] The Bitcoin Office of El Salvador announced that 80,000 public servants will receive bitcoin instruction and certification through an educational module that is part of the Higher School of Innovation in Public Administration (ESIAP) program. The…