Surge in Crypto Lobbying: Coinbase Tops with 3,475% Increase in Expenditure Since 2017
The landscape of crypto lobbying has seen a dramatic escalation over recent years, with major companies like Coinbase at the forefront of these efforts to shape legislative outcomes in the…
Kamala Harris’ Campaign Utilizes Super PAC for Crypto Donations, Not Direct Contributions
Amidst the dynamic and increasingly digital landscape of political campaigning, Coinbase’s Chief Financial Officer Alesia Haas highlighted at Citi’s 2024 Global TMT Conference in New York how U.S. Vice President…
Global Downtrend: Over 600 Bitcoin ATMs Decommissioned in Recent Months
In the first two quarters of Q3 2024, the global network of Bitcoin ATMs saw a significant reduction, with more than 600 units going offline. This trend, particularly pronounced in…
Mastercard Enhances Non-Custodial Crypto Spending Through New Partnership
Mastercard is intensifying its integration with the cryptocurrency sector by supporting non-custodial wallets that allow users to spend their digital assets freely while maintaining personal control over their funds. This…
Federal Reserve Issues Cease and Desist to Texas Bank Over Crypto Firm Dealings
The Federal Reserve has issued a cease and desist order to United Texas Bank, highlighting “significant deficiencies” in the bank’s risk management and its interactions with cryptocurrency clients. This regulatory…
Robinhood Settles for $3.9 Million Over Crypto Withdrawal Restrictions
Robinhood Markets‘ cryptocurrency division has finalized a $3.9 million settlement with California’s Justice Department, addressing allegations that it restricted crypto withdrawals from 2018 to 2022. This settlement marks the first…
US Regulator Postpones Verdict on Eco-Conscious Bitcoin ETF
The United States Securities and Exchange Commission (SEC) has once more deferred its decision regarding the New York Stock Exchange (NYSE) Arca’s application to list a novel exchange-traded fund (ETF)…
CFTC Accuses Uniswap of Illicit Derivatives Trading, Levies Penalties
The United States Commodity Futures Trading Commission (CFTC) has formally charged Uniswap Labs, the developer behind the decentralized exchange (DEX) Uniswap, with offering leveraged cryptocurrency trading illegally to U.S. retail…
Senator Elizabeth Warren Set to Debate John Deaton, Crypto Issues Could Surface
Senator Elizabeth Warren has confirmed she will participate in two debates with Republican candidate John Deaton in the lead-up to the November election for the Massachusetts Senate seat. This decision…
Major Swiss Bank ZKB Initiates Trading Services for Bitcoin and Ether
Zurich Cantonal Bank (ZKB), one of Switzerland’s largest banking institutions, has officially launched cryptocurrency trading and custody services, broadening its financial offerings to include Bitcoin and Ether. This move marks…
AI-Powered Deepfake Scams Intensify in Crypto Sector During Q2 2024
According to a recent report by Gen Digital, the parent company of prominent antivirus firms Norton, Avast, and Avira, the use of artificial intelligence (AI) in crafting deepfake videos for…
South Korea Intensifies Inspections of Crypto Exchanges for Suspicious Activities
South Korea’s financial regulator, the Financial Supervisory Service (FSS), is set to initiate a comprehensive inspection of virtual asset exchanges to detect and deter suspicious or illegal transactions. This move…
Magic Eden Leads in NFT Trading Volume, Outpacing Blur and OpenSea
Magic Eden has emerged as the leader in non-fungible token (NFT) trading volume, claiming the largest market share in August and surpassing its main competitors, Blur and OpenSea. This achievement…
X Adheres to EU Regulations, Halts AI Chatbot Data Usage
The European Union‘s scrutiny of the social media platform X concluded successfully after the platform pledged compliance with the mandates set forth by the European Data Protection Commission (DPC). As…
Monochrome Asset Management Poised for Success with Australia’s First Direct Ether ETF Filing
Jeff Yew, CEO of Monochrome Asset Management, expressed confidence in the appeal of the Ether ETF to potential investors, particularly highlighting the ETF’s in-kind subscription model. This model allows investors…
FBI Issues Alert on North Korean Social Engineering Tactics to Steal Cryptocurrency
The United States Federal Bureau of Investigation (FBI) has recently highlighted an ongoing threat posed by North Korean cyber actors who are targeting employees of digital asset firms, particularly those…
SEC Files Charges Against Galois Capital for Improper Custody of Crypto Assets with FTX
On September 3, the U.S. Securities and Exchange Commission (SEC) announced charges against Galois Capital Management for failing to adhere to proper asset custody protocols, specifically in relation to holding…
Crypto Platform Nexo Resumes UK Registrations Following 10-Month Compliance Pause with FCA Regulations
After a 10-month hiatus, Nexo has resumed new user registrations in the United Kingdom, following a comprehensive update to align with the Financial Conduct Authority’s (FCA) regulatory guidelines. This strategic…
21.co Introduces Bitcoin Wrapper on Ethereum Blockchain
21.co, the parent company of cryptocurrency asset manager 21Shares, announced on September 3rd the launch of its own Bitcoin wrapper, 21.co Wrapped Bitcoin (21BTC), on the Ethereum blockchain network. This…
Transition from Crypto Mining to AI Data Centers Faces Significant Challenges
As Bitcoin mining companies explore diversifying their operations into data centers for artificial intelligence (AI) and high-performance computing (HPC) to enhance revenue streams, the complexities and high costs associated with…