Former President Donald Trump is venturing into the cryptocurrency space as he takes on the role of “chief crypto advocate” for World Liberty Financial (WLFI), a new project that has stirred interest and raised eyebrows in the crypto community. This move comes as Trump actively courts crypto voters in his current bid for office, promising … Read more
VanEck has announced the impending liquidation of its Ethereum Futures ETF (EFUT), reflecting a broader strategic shift in response to diminishing market interest and performance concerns. The ETF, which is listed on the CBOE exchange, will cease trading on September 16, 2024, with a final liquidating distribution scheduled for September 23, 2024. Reason Behind the … Read more
On September 3rd, the FBI issued a crucial alert to employees of digital asset companies, warning about a sophisticated new cyber threat originating from North Korea. This latest advisory highlights a series of targeted attacks aimed at the decentralized finance (DeFi) and cryptocurrency sectors, marking an escalation in cyber threats from North Korean hackers. North … Read more
Ripple and its XRP community are experiencing a partial victory in their ongoing legal battle with the SEC, but the saga might not be over yet. With the deadline for the SEC to file an appeal approaching, speculation about further legal maneuvers is mounting. Here’s a closer look at the current state of affairs and … Read more
On September 4, 2024, the Federal Reserve issued a cease and desist order against United Texas Bank, a financial institution known for its engagement with cryptocurrency clients. This action comes in the wake of a comprehensive examination by the Fed in May, which uncovered what it described as “significant deficiencies” in the bank’s risk management … Read more
Robinhood Markets’ crypto division has reached a $3.9 million settlement with the California Department of Justice (DOJ) regarding allegations that it obstructed crypto withdrawals between 2018 and 2022. This settlement, announced on September 4, marks the first public action taken by the California DOJ against a cryptocurrency company. Allegations and Settlement Details California Attorney General … Read more
The founder of the SBI-owned BITPOINT crypto exchange has painted a concerning picture of Japan’s declining influence in the global cryptocurrency market. Genki Oda, who also heads the Japan Cryptocurrency Exchange Association (JCBA), expressed his disappointment during a recent session at the WebX2024 summit. Oda recalled a time when Japan accounted for nearly half of … Read more
Ripple and its community are savoring a partial victory in their ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). However, the future remains uncertain as the deadline for the SEC to appeal approaches. Here’s an overview of the recent developments, Ripple’s position, and what might lie ahead for XRP. The Countdown to … Read more
Japan’s Financial Services Agency (FSA) has unveiled a bold plan to overhaul the tax code for the fiscal year 2025, with significant implications for cryptocurrency taxation. The proposal, released on August 30, aims to align the tax treatment of crypto assets more closely with traditional financial investments, potentially lowering the tax burden for crypto investors … Read more
As the cryptocurrency market continues to evolve, Solana (SOL) is emerging as a formidable contender in the digital payment landscape, often compared to traditional giants like PayPal. With its rapid transaction speeds and minimal fees, Solana (SOL) is setting ambitious benchmarks. However, new entrants like Mpeppe (MPEPE) are intensifying the competition in the blockchain ecosystem, … Read more