New York Tightens Customer Service Regulations for Crypto Companies The New York State Department of Financial Services (DFS) has introduced new guidance mandating regulated cryptocurrency entities to implement custom…
Companies in Two Capital Markets Reportedly in Negotiations to Implement Microstrategy’s Bitcoin Business Model Companies in two capital markets are looking to implement the business model that Microstrategy, led by entrepreneur Michael Saylor, pioneered in the…
SEC Commissioner Proposes Joint US-UK Digital Securities Sandbox U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has proposed a joint US-UK digital securities sandbox. She noted that the U.…
Economist Peter Schiff Advises Against Buying US Dollars — Warns of USD Breakdown Economist Peter Schiff cautions against buying U.S. dollars or selling gold, citing rising Treasury yields as a result of the government’s failure to…
Security-Focused Crypto ISAC Debuts With Founding Members Including Coinbase, Kraken, Circle The Crypto ISAC (Information Sharing and Analysis Center) launches on Wednesday as a 501(c)(6) not-for-profit association dedicated to bolstering sec…
Texas Issues Emergency Cease and Desist Against Arkbit’s Crypto Operations The Texas State Securities Board has issued an Emergency Cease and Desist Order against Arkbit Capital and its affiliates, Arkbit Capital Holdings, A…
Hong Kong’s Grace Period for Crypto Exchanges Ending — Trading Platforms Must Obtain License by June 1 The Hong Kong Securities and Futures Commission (SFC) has issued a reminder that crypto trading platforms must obtain a license to operate in Hong Ko…
Ark CEO Cathie Wood Talks Bitcoin With El Salvador’s President — Applauds His Vision for BTC Hub Cathie Wood, CEO of asset management firm Ark Invest, recently met with El Salvador’s President Nayib Bukele and discussed bitcoin. She praised his p…
Ethereum Futures Open Interest Hits All-Time High Following ETF Approvals Ethereum has experienced a significant increase since the U.S. Securities and Exchange Commission (SEC) approved a group of spot ether exchange-trade…
Tokyo-Listed Metaplanet to Buy Additional Bitcoin for Its Treasury Metaplanet, a publicly traded corporation listed on the Tokyo Stock Exchange, announced on Tuesday that its board of directors passed a resolution to…
Solana’s Penguiana $PENGU Token Launch On Raydium Surpasses $1M Valuation, Sets Stage For GUIANA NFT Minting In a remarkable showcase of growth and enthusiasm, Penguiana, the unique penguin-themed meme coin on the Solana blockchain, has successfully launched…
Microstrategy’s Michael Saylor States Spot Ether ETF Approval ‘May Be Better for Bitcoin’ Michael Saylor, Executive Chairman of Microstrategy, stated that the approval of several spot ether ETF proposals by the U.S. SEC might be good for B…
Turkish Parliament Committee to Review Crypto Bill This Week The Turkish parliament’s Planning and Budget Committee will discuss a draft law this week that would require crypto asset service providers to obtain…
Donald Trump’s Crypto Holdings Top $10 Million, Arkham Says Former U.S. President and presidential candidate Donald Trump’s cryptocurrency holdings reached $10 million on Monday morning, according to crypto an…
Microsoft Invests $70 Million in South Africa for AI Advancement Microsoft South Africa (SA) has entered into a $70.5 million artificial intelligence (AI) investment agreement with the Southern African nation’s Dep…
Latam Insights: Venezuela Seizes Over 11,000 Bitcoin Miners, Paraguay Cracks Down on Illegal Bitcoin Mining Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuela seiz…
Robert Kiyosaki Advises Buying Bitcoin Before Price Explodes — Warns of Bonds Crashing Rich Dad Poor Dad author Robert Kiyosaki has warned investors about the bond market crashing, urging them to invest in “safer real assets,” like bitc…
Indian Citizen Faces 20 Years in US Prison for Stealing Crypto in $37M Coinbase Spoofing Scam An Indian national has pleaded guilty in the U.S. to wire fraud conspiracy for stealing over $37 million by spoofing crypto exchange Coinbase’s websi…
Major Crypto Exchanges Announce Over 1,200 Job Openings Major cryptocurrency exchanges, including Binance, Coinbase, Okx, and Crypto.com, are expanding their workforces, collectively offering over 1,200 jo…
Standard Chartered Discusses SEC Approving Spot ETFs for Cryptos Beyond Bitcoin and Ether Standard Chartered says markets will look ahead to exchange-traded funds (ETFs) of cryptocurrencies other than bitcoin and ether, but “this is likely…
Decoding FDV: The Importance of Fully Diluted Valuation in Crypto Investments In a market where substantial portions of tokens are often locked up, understanding Fully Diluted Valuation (FDV) has become essential for investors …
What Is the Howey Test? Understanding Its Role in Crypto Regulation This year, with the U.S. Securities and Exchange Commission (SEC) increasing enforcement on businesses accused of offering unregistered crypto securi…
P2P Bitcoin Exchange Hodl Hodl Suspends Lending Services for US and UN Embargoed Countries’ Residents Hodl Hodl, a non-custodial Bitcoin exchange, has announced changes to its “Terms of Service” agreement affecting the availability of its lending serv…
Veteran Trader Peter Brandt Warns of ‘Biggest Disasters yet to Come in Crypto’ Veteran trader Peter Brandt has issued a stark warning about the future of crypto staking, calling it “the biggest disasters yet to come in crypto.” …
Former Bank CEO Pleads Guilty to Embezzling $47M to Buy Crypto, Leading to Bank Collapse Former Heartland Tri-State Bank CEO Shan Hanes pleaded guilty on Thursday to embezzling $47.1 million for personal cryptocurrency purchases, leading …
Kelp DAO Secures $9 Million in Private Sale to Boost Defi Expansion Kelp DAO, a liquid restaking platform, has completed a private funding round, amassing $9 million to propel its growth in the decentralized finance (…
Indian Central Bank RBI Warns Retail Investors of Crypto’s Lack of Accountability and Stability The Reserve Bank of India (RBI)’s May 2024 bulletin warns retail investors that “the crypto ecosystem lacks accountability and stability and is marke…
South African Prosecutors Set to Pursue Collapsed Pyramid Scheme Co-Conspirators South African prosecutors are reportedly investigating co-conspirators of Mirror Trading International and may charge them with fraud or forgery. The…
Standard Chartered Predicts Bitcoin Could Hit All-Time High This Weekend Standard Chartered’s head of digital asset research, Geoff Kendrick, has predicted a significant rise in bitcoin’s price, potentially surpassing its …
Coinbase, Ripple, Meta Join Forces to Fight Crypto Scams, Including Pig Butchering Leading crypto and tech companies, including Coinbase, Ripple, Meta, Kraken, and Gemini, have formed a coalition to combat online fraud, including cr…
The Bitcoin Policy Institute Launches the Peer-to-Peer Rights Fund to Help Defend Samourai Wallet Founders The Bitcoin Policy Institute, a non-profit organization supporting bitcoin initiatives, has launched the Peer-to-Peer Rights Fund, a project seeking …
Peter Schiff Anticipates Outflows From Bitcoin ETFs to Ethereum ETFs Following SEC Approval Economist and gold bug Peter Schiff has cautioned that the approval of spot ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange…
Hong Kong Police Arrest Three in ‘Hell Money’ Cryptocurrency Scam Hong Kong police have arrested three men at a currency exchange shop in Tsim Sha Tsui, a major tourist area, for allegedly presenting “hell money” to…
Bitcoin to Reach $420K by Decade’s End, Says Ric Edelman Ric Edelman, founder of Edelman Financial Engines, forecasts bitcoin will reach $420,000 by the decade’s end. He explained that if 1% of the world’s …
Latam Insights: El Salvador Embraces Geothermal Bitcoin Mining, Bitfarms Expands Its Capacity in Paraguay Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador pr…
DTCC Smart NAV Pilot Utilizes Chainlink for Blockchain-Based Mutual Fund Data The Depository Trust & Clearing Corporation (DTCC) has announced the successful completion of its Smart NAV pilot, leveraging Chainlink’s technol…
Novogratz Predicts Bitcoin Trading Between $55K-$75K This Quarter Bitcoin is expected to trade within a narrow range this quarter, according to Michael Novogratz, founder of Galaxy Digital Holdings Ltd. “Bitcoin, et…
Skybridge’s Scaramucci: Institutional Adoption of Bitcoin Is Happening Now Anthony Scaramucci, founder of Skybridge Capital, believes that the institutional adoption of bitcoin is happening now. Highlighting recent developme…
World Bank to Issue CHF Digital Bond Settled Using Swiss Franc Central Bank Digital Currency The World Bank has announced that it will issue its first CHF digital bond on June 11. This 7-year, CHF 200 million ($219 million) bond is the larges…
US Authorities Arrest Chinese Nationals Allegedly Behind Crypto Scam Network An indictment unsealed in the Central District of California charges two Chinese nationals, Daren Li and Yicheng Zhang, with leading a scheme to laun…
Russia and Iran Collaborating on Single BRICS Currency, Iranian Ambassador Says Russia and Iran are collaborating on creating a single BRICS currency, the Iranian ambassador to Russia has claimed. He noted that over 60% of the tw…
Economist Jim Rickards Predicts Gold Price Exceeding $27,000 — Says: ‘It’s Not a Guess. It’s Rigorous Analysis’ Economist Jim Rickards forecasts that gold prices could surpass $27,000, emphasizing that this projection is not made for attention or shock value. “…
Dolce & Gabbana Sued Over $6,000 NFTs Losing 97% Value Dolce & Gabbana USA Inc. faces a lawsuit from a customer who claims the non-fungible tokens (NFTs) he bought for $6,000, which included metaverse…
‘Big Short’ Investor Michael Burry Goes Hard on Gold, Invests $10 Million in Q1 Michael Burry, an investor famous for making a fortune by anticipating the 2007 subprime mortgage crisis, made a sizable bet on physical gold. Accord…
Ontario ‘Crypto King’ Faces Major Fraud and Money Laundering Charges The Ontario Securities Commission (OSC) announced on May 15 that two Ontario residents have been charged with offenses under the Criminal Code of Can…
Could Société Générale be Acquired? Emmanuel Macron's statements about a potential acquisition of Société Générale by the Spanish bank Santander shook the banking world. The prospec…
Caught Out by Temu: European Complaint Against the Platform Several European consumer associations have lodged a complaint against the Chinese online shopping platform Temu. Accused of manipulating internet us…
Legendary Investor Tim Draper Leads Bitcoin Lending Protocol Zest’s $3.5 Million Seed Round Draper Associates, the VC firm led by the legendary investor Tim Draper, has led the $3.5 million seed round of Zest Protocol, a Stacks-based Bitcoin…
Juno Addresses Banking Service Disruption — ‘This Is Outside Our Control’ Juno Finance acknowledges the disruption in banking services and is collaborating with its brokerage and banking service providers, Synapse and Evolv…
DOJ’s Unlawful Interpretation Threatens Bitcoin and Crypto Innovation, Lawmakers Warn Two U.S. senators have criticized the Department of Justice (DOJ)’s new interpretation of “money transmission,” which extends requirements to non-cus…