The securities watchdog has agreed to consider a crypto trading proposal from BlackRock The US Securities and Exchange Commission (SEC) has accepted the application by BlackRock to request a spot Bitcoin exchange-traded fund (ETF) following its recognition of a similar application by Bitwise. Two in one week marks a record for the securities watchdog, which
Cryptocurrency is taking center stage as presidential hopefuls look for support At the recent PAC Heal-the-Divide event, Democratic presidential nominee Robert F. Kennedy Jr. outlined detailed Bitcoin-focused policies he would implement as president, including support backing the US dollar with Bitcoin and an exemption from the capital gains tax on Bitcoin profits. “My plan would
Ripple received a partial victory in its fight with the SEC, which could benefit the cryptocurrency space Ripple Labs’ partial victory in its historic XRP battle with the Securities and Exchange Commission (SEC) may mark the first significant step toward regulatory transparency for the US cryptocurrency sector. This is the view of Caroline Pham, a
Central bank digital currencies defeat the purpose of having cryptocurrency Ron DeSantis, the Florida governor and a potential candidate for president, has vehemently voiced his opposition to the implementation of central bank digital currencies (CBDC). During a recent event in Iowa, he made it abundantly clear that in the event of his election as President
Ripple didn’t offer securities, although it’s not completely innocent In its protracted clash with the United States Securities and Exchange Commission (SEC), Ripple and its XRP cryptocurrency emerged triumphant from a single skirmish. But this fleeting conquest does not signal the end of the arduous conflict it faces. A judicial decision yesterday ruled that the
More consumer-facing examples of the benefits of crypto as money are arriving The rapid surge in the cryptocurrency realm has resulted in an overwhelming desire for its integration in various domains. Telegram, acknowledging the significance of digital currencies, has showcased its enthusiasm by incorporating Wallet Pay. This innovative payment solution is created on The Open
A rogue cybersecurity expert used his skills to attack a cryptocurrency exchange A cybersecurity professional has been indicted by the US government for infiltrating a cryptocurrency exchange and pilfering approximately $9 million worth of digital currency. This incident seems to involve a lawful expert-turned-renegade who then tried to redeem himself. Shakeeb Ahmed, a 34-year-old cybersecurity
The Financial Conduct Authority has shut down 26 crypto ATMs this year The Financial Conduct Authority (FCA) in Britain has initiated a fresh offensive against illicit cryptocurrency machines scattered throughout the nation. In a bid to safeguard consumers from potential monetary losses, the FCA firmly shut down over two dozen machines that were unlawfully providing
Threads is only in its infancy, but is already rife with fraudulent accounts Ever since the arrival of Threads, the new blogging platform and Twitter rival by Meta, scammers have evidently sprung into action without delay. This has prompted numerous prominent figures within the cryptocurrency Twitter community to caution against scam accounts and discussions. On
The former NFL quarterback and his ex-wife are out millions of dollars because of FTX’s ineptitude In the wake of his professional football career, renowned NFL figure Tom Brady has been engrossed in a myriad of entrepreneurial ventures. However, amid this whirlwind of activity, a shared predicament reportedly saw both Brady and his former spouse,
The developer allegedly stole $2 million from investors of the 0XENCRYPT project In a recent post on Reddit, a cryptocurrency developer opened up about the chaotic aftermath that followed his departure from a project he created. Expressing deep remorse, he took full responsibility for the downfall, which resulted in a devaluation from $2 million to
The stolen crypto was only a small part of the $10 million the police found when they arrested the teens Two adolescents have been criminally charged by the Hamilton, Ontario police for their involvement in a grand theft of CAD4.2 million (US$3 million) worth of digital currency belonging to an individual from the US. As
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