Finance
In the world of finance and digital currencies, the U.S. Securities and Exchange Commission (SEC) plays a pivotal role in determining the trajectory of investment vehicles such as exchange-traded funds (ETFs). Recently, the spotlight has turned to the potential approval of cryptocurrency spot ETFs, particularly those involving newer tokens
Finance
In a striking political move, former U.S. President and current presidential candidate Donald Trump has declared his support for the cryptocurrency industry, making headlines with his commitment to free Ross Ulbricht, the founder of the infamous darknet marketplace Silk Road. Trump's remarks came just hours before his
Finance
On May 22, 2024, the U.S. House of Representatives marked a significant milestone in the regulatory landscape of cryptocurrency by approving the "Financial Innovation and Technology Act of the 21st Century" (FIT21 or HR 4763). This groundbreaking legislation is poised to establish a foundational framework for the
Finance
Former U.S. President and current presidential candidate Donald Trump has started accepting political donations in cryptocurrencies, fulfilling an earlier announcement. The move aligns Trump's campaign with modern financial technologies and taps into a new demographic of tech-savvy supporters. According to details released by his campaign, these cryptocurrency
Finance
The head of research at Galaxy Research has deemed staking a "stumbling block" in the launch of spot Ethereum ETFs. Alex Thorn of Galaxy Research suggests that the SEC is open to a compromise concerning crypto funds based on the asset. The agency may classify locked tokens as
Finance
The number of new Bitcoin wallets created has plummeted to a level not seen since May 2018, signaling a potential downturn in network activity. According to a recent report from The Block, the seven-day moving average of new addresses in the Bitcoin network dropped to 275,000 for the period
Finance
In a significant move towards digital currency integration, Hong Kong has officially announced the commencement of a pilot project involving the Chinese digital yuan, known as e-CNY. This initiative, spearheaded by the Hong Kong Monetary Authority (HKMA), marks a pivotal step in the region's financial technology landscape. Under
Finance
In the rapidly evolving landscape of blockchain technology, DWF Labs, a prominent player in the blockchain ecosystem, has recently projected an imminent surge of activity on The Open Network (TON). Andrei Grachev, the founder of DWF Labs, envisions a flurry of projects inspired by the success of Notcoin, which are
Finance
The State of Wisconsin has made a significant move into cryptocurrency investments by purchasing shares in the iShares Bitcoin Trust (IBIT) and Grayscale Bitcoin Trust (GBTC), with a total investment amounting to $163 million. This decision marks a progressive step for the state's investment strategies, reflecting a growing
IT
A Dutch court has found Alexey Pertsev, the developer behind the cryptocurrency mixer Tornado Cash, guilty of aiding in the laundering of over $2 billion. Pertsev has been sentenced to 64 months of imprisonment. The court's decision was delivered amidst broader scrutiny over the role of cryptocurrency in
Finance
FTX, the cryptocurrency exchange currently undergoing Chapter 11 reorganization, has announced an extension of the deadline for its creditors to file claims. The new deadline is set for the end of July 2024, pushed back from the original date of May 15, 2024. This extension provides creditors with an additional
Finance
The U.S. Department of Justice has designated the law firm Forensic Risk Alliance (FRA) as the external monitor for the cryptocurrency exchange Binance, according to Bloomberg reports. This decision concludes a competitive process in which FRA emerged victorious over the well-established firm Sullivan & Cromwell, previously considered the favorite