KEY POINTS Judge Ramos said the SEC “plausibly alleged” the companies sold unregistered securities He said the regulator sufficiently alleged Gemini Earn investors expected profits from the firms’ efforts Gemini recently reached a settlement to return at least $1.1 billion to Earn users A U.S. judge has denied the motions filed by cryptocurrency custodian Gemini … Read more
KEY POINTS FSC chair Huang reportedly had less optimistic views of digital currencies He reportedly warned investors against putting their money on “unapproved” digital asset platforms Taiwanese legislators last year pushed forward a bill that looks to “properly supervise” the crypto sector Taiwan is set to propose a draft law targeting digital currencies later this … Read more
KEY POINTS The proposed legislation wants to prohibit the use of CBDCs ‘for monetary policy, and for other purposes’ Cruz said Congress should ‘clarify’ that the Fed has no authority to implement a CBDC A Heritage economist that a CBDC could ‘gut the U.S. dollar’ Several GOP senators have introduced legislation that could block the … Read more
KEY POINTS The crypto whale sold 421.6 billion SHIB within a period of 6 hours Saturday The sale has reportedly resulted in over $6 million in losses to the crypto whale SHIB’s Saturday price was not largely affected by the huge sale A crypto whale, described within the cryptocurrency circle as an individual or entity … Read more
KEY POINTS $KNINE is expected to drive more interest and activity on the Shib ecosystem $BONE holders will be able to delegate on ETH and receive an LSD token in return directly on Shibarium Liquid staking on Shibarium will “lift all boats in the Shib ecosystem”: K9 Finance founder Buzz K9 Finance, a liquid staking … Read more
KEY POINTS Bankman-Fried had shorter hair when he made a brief court appearance Wednesday Prosecutors alleged that Alameda Research used stolen FTX customer funds to repay Celsius One of SBF’s new lawyers also represents Alex Mashinsky, the founder of Celsius Sam Bankman-Fried (SBF), the disgraced founder of fallen cryptocurrency exchange FTX, confirmed in a brief … Read more
Cryptocurrency has revolutionized the financial landscape, introducing new concepts and technologies that go beyond traditional banking systems. One such innovative feature is “staking,” a process that allows cryptocurrency holders to actively participate in network operations and earn passive income in return. What is Staking? Staking is a mechanism employed by many blockchain networks to secure … Read more
The recent approval of 11 spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) has sent ripples of excitement through the global crypto community. This milestone has been heralded as a game-changer, with industry experts anticipating significant shifts in the market dynamics. Edul Patel, CEO & Co-founder of Mudrex, asserts, “The … Read more
In the dynamic landscape of cryptocurrency, regulatory compliance has emerged as a critical concern for businesses and investors alike. With the soaring popularity of digital assets, governments and regulatory bodies are crafting frameworks that harmonise the spirit of innovation with the objectives of consumer protection and financial stability. The New Delhi Declaration under the aegis … Read more
The year 2023 was one of the best years in the history of cryptocurrencies, as blue chip crypto tokens Bitcoin and Ethereum delivered their investors returns of over 155% and 90%, respectively. Meanwhile, the prices of some crypto coins (top 100 by market cap) increased by up to 9600% in 2023. Apart from the world’s … Read more
