Author: Chris Smith
Dubai Tightens Crypto Marketing Regulations
Reading Time: < 1 minuteDubai’s crypto regulation just got stricter with the introduction of new Marketing Regulations for Virtual Assets and Related Activities 2024 by the Dubai Virtual Assets Regulatory Authority (VARA).
Kamala Harris: US Should Be Dominant in Blockchain
Reading Time: < 1 minuteHarris stated that her administration would invest in biomanufacturing and aerospace, and continue to lead in areas such as AI, quantum computing, and blockchain.
PayPal Allows US Business Accounts to Buy, Sell and Hold Cryptocurrencies
Reading Time: < 1 minutePayPal has recently made a major announcement allowing businesses in the US to directly buy, hold, sell, and transfer cryptocurrencies, all from their business accounts.
BNY to Offer Custody Services for Crypto ETFs
Reading Time: < 1 minuteBNY Mellon (BNY) is making progress in offering custody services for its clients’ Bitcoin and Ether ETFs.
TrustToken and TrueCoin Settle Charges with SEC
Reading Time: < 1 minuteThe SEC has announced that they have reached a settlement with crypto companies Trusttoken Inc. and Truecoin LLC regarding charges of fraudulent misrepresentations and unregistered sales related to the stablecoin trueusd (TUSD).
Crypto Firms Bitfarms and Riot Platforms Reach an Agreement
Reading Time: < 1 minuteA joint settlement agreement has been reached between rival Bitcoin mining companies, Riot Platforms and Bitfarms, effectively ending Riot’s attempted hostile takeover.
Polymarket May Launch a Token
Reading Time: < 1 minutePolymarket is considering launching a token worth more than $50 million to support their crypto betting platform.
Transaction Fees on Ethereum Network Surge
Reading Time: < 1 minuteThe average transaction fee on Ethereum has increased in recent weeks.
Kamala Harris Promises to Support Crypto Industry
Reading Time: < 1 minuteKamala Harris declared on Sunday that her administration would prioritize the development of digital assets and artificial intelligence (AI) if she wins the presidency.
Market Update September 20
Reading Time: < 1 minuteThe past week in the cryptocurrency market has been eventful, to say the least.
Germany Shuts Down 47 Crypto Exchanges
Reading Time: < 1 minuteThe German government has closed down 47 cryptocurrency exchanges, accusing them of facilitating an illicit economy for cybercriminals to thrive in.
Silvergate Capital Files for Bankruptcy
Reading Time: < 1 minuteSilvergate Capital Corporation has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Delaware.
Revolut Plans to Issue its Own Stablecoin
Reading Time: < 1 minuteFintech company Revolut plans to launch its own stablecoin.
Circle Launches USDC on Sui Network
Reading Time: < 1 minuteThe CEO of USDC issuer Circle, Jeremy Allaire, has announced that USD Coin (USDC) will soon be available on the layer-1 (L1) blockchain Sui network.
Fed’s Rate Cut Will Boost Bitcoin: Bitwise
Reading Time: < 1 minuteThere is widespread anticipation that the US Federal Reserve will make its first benchmark rate cut in four years this week, leading to speculation about the potential size and impact of the cut on risk assets such as Bitcoin.
Sam Bankman-Fried Demands a New Trial
Reading Time: < 1 minuteFTX founder Sam Bankman-Fried has officially contested his conviction for fraud by appealing for a new trial.
US Lawmakers Urge Crypto ATM Operators to Protect Senior Users
Reading Time: < 1 minuteA group of Democratic Senators has sent a request to 10 of the largest crypto ATM operators in the United States to address fraud and protect senior citizens.
Market Update September 13
Reading Time: < 1 minuteIt has been another eventful week in the world of crypto, with significant price movements and market volatility dominating the headlines.
Donald Trump to Launch its Crypto Initiative World Liberty Financial
Reading Time: < 1 minuteOn Thursday afternoon, Republican presidential candidate Donald Trump revealed the official launch date of his much-anticipated crypto project, World Liberty Financial.
Spot Bitcoin ETFs Lose $43M in a Day
Reading Time: < 1 minuteBitcoin exchange-traded funds in the United States experienced a total daily net outflow of $43.97 million on Wednesday, breaking a positive falow streak that had lasted two days.
tZero Approved by SEC and FINRA to Operate as a Digital Asset SPBD
Reading Time: < 1 minutetZero Digital Asset Securities has been approved by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) to serve as a specialized broker-dealer for digital asset securities in the United States.
Bitcoin Miner Wins $180,000 Reward After Solving a Block
Reading Time: < 1 minuteOne individual Bitcoin miner has accomplished a rare achievement by solving a block on their own, earning them approximately $180,000.
Metaplanet Acquires $2M in Bitcoin
Reading Time: < 1 minuteJapanese investment firm Metaplanet Inc. has announced it has acquired an additional 38.464 Bitcoin, totaling around 300 million yen ($2 million) in value.
CFTC Plans to Stop Kalshi Listing Election Prediction Contracts
Reading Time: < 1 minuteAfter a judge ruled against an order from the US Commodities and Futures Trading Commission (CFTC) prohibiting US regulated prediction marketplace Kalshi from offering prediction contracts for the 2024 election, the website proudly announced on its homepage:
Brad Garlinghouse: Japanese Yen Stablecoins Demand Will Increase
Reading Time: < 1 minuteRipple CEO Brad Garlinghouse expressed his belief that Japan is a promising market for stablecoins and that there will be a strong demand for a Japanese yen stablecoin.
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