United States prosecutors arrested three people for allegedly stealing $10 million from financial institutions and laundering the stolen funds using cryptocurrency exchanges. The individuals could each get up to over 80 years in prison if found guilty of the allegations. Defrauding Banks and Channeling Proceeds to Crypto Exchanges A press release by the U.S. Attorney’s...Read More
The U.S. Securities and Exchange Commission (SEC) in its latest report revealed that the number of enforcement actions filed in the fiscal year 2023 (FY2023) increased by three percent from the previous record in the financial year of 2022. Some of the enforcement actions involved heavyweights in the crypto industry, with various accusations against cryptocurrency...Read More
Crypto-native whales have once again shown why they are whales in the first place. While smaller investors continue to target traditional large-cap coins, these well-capitalized players have gone bullish on a new project: Galaxy Fox ($GFOX). Whales flipping bullish on this hidden presale gem bodes excellently for $GFOX long-term, indicating it could be the top...Read More
Unstoppable Domains is currently facing criticism for allegedly appropriating the open-source advancements of the Ethereum Name Service (ENS) through the filing of a patent named “Resolving Blockchain Domain Names” in January this year. In an open letter, Nick Johnson, the lead developer of ENS, expressed significant concerns about Unstoppable Domains’ patent applications related to blockchain...Read More
Ripple Labs and the SEC are in discovery for the remedies phase of the Ripple case until February. Meanwhile, Gary Gensler recently gave a speech in which he quoted the first SEC chair, Joseph P. Kennedy. That’s what started the X skirmish between the Commission and members of the crypto industry. Gary Gensler’s SEC Remarks...Read More
The United States has persistently stumbled in delivering clear regulatory guidance for digital assets. The Securities and Exchange Commission (SEC) presides over instruments and assets deemed as securities, while the Commodity Futures Trading Commission (CFTC) regulates the trading of derivatives on commodities. This landscape leaves a regulatory gap for digital assets that defy the categorization...Read More
The Dogecoin team made an exciting announcement on X this week, revealing that Astrobotic has scheduled the launch of a physical DOGE to the moon. Notably, the coin will be included in the DHL Moonbox and transported via ULA’s Vulcan Centaur Rocket on December 23, 2023. Dogecoin to the Moon The initiative traces back to...Read More
XRP token prices pared back profits the week ending Sat, Nov 18. After a wild mid-October run-up from $0.49 to $0.72, XRP fell to $0.61 by Sunday morning Tokyo time. Meanwhile, the notorious XRP case attorney John Deaton took to X to remind readers that “XRP is a utility token at its core.” Amicus Lawyer...Read More
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The futurist investment management firm is one of several awaiting SEC approval for a spot Bitcoin ETF product. In a recent interview, CEO Cathie Wood said “something has changed” at the agency as they handle her fund’s application for a spot Bitcoin ETF. Bitcoin price has whipsawed this week, pumping as high as $37,900 from...Read More
Kazakhstan officially introduced its central bank digital currency (CBDC), the digital tenge, on November 15th, operating within a “limited environment with real users.” The National Bank of Kazakhstan initiated the pilot phase in collaboration with second-tier banks and their clients. While the Central Asian country’s plans for a CBDC date back to 2021, it wasn’t...Read More
Over the past week, the market experienced volatility. Liquidations around key resistance and support levels caused this not only to Bitcoin but also across the altcoin market. This volatility led to a situation where the resistance levels became a point of a notable pullback, pushing the leading altcoins into a downturn. However, altcoins such as...Read More
