SEC Chair Gensler Remains Tight-Lipped on Spot Bitcoin ETFs, Multiple Filings Under Review

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler discussed the pending spot Bitcoin exchange-traded fund (ETF) proposals in an interview with Bloomberg. Gensler acknowledged that there are around ten Bitcoin ETF proposals awaiting a decision from SEC staff. While he declined to comment on the possibility of approving multiple spot Bitcoin ETFs simultaneously, he […]

Rise in Cold Wallet Usage Highlights Security Concerns in Crypto Trading

The recent security breach at Stake.com, a popular online crypto casino, has resulted in the loss of $41 million to hackers. The incident is considered one of the significant attacks on the cryptocurrency industry this year. The FBI has identified the Lazarus Group, a North Korean state actor, as the responsible party for the theft. […]

Bitmain Fires Employees for Leaking Salary Information

Bitcoin ASIC manufacturing giant Bitmain has reportedly fired four employees for leaking salary information. The company cited the “illegal publication of the company’s announcement on salary release” as the reason for their dismissal. This comes after concerns were raised by Bitmain employees about salary arrears and unpaid bonuses due to cash flow issues. The company […]

Reddit Moderators Allegedly Sold Tokens Before 85% Crash in Rug Pull Scandal

On October 18, a new twist emerged in the alleged rug pull scandal involving social media platform Reddit. A crypto analyst claimed that several subreddit moderators were aware of the decision to shut down the Reddit Community Points (RCP) program and sold their RCP tokens, known as MOONs, just before the token’s value plummeted by […]

FTX Founder Faces Potential Decades in Prison as Guilty Verdict Looms in Landmark Trial

The courtroom drama surrounding FTX founder and former CSam Bankman-Fried (SBF) has all the makings of a captivating Netflix series. With a cast of shady characters and a plot that thickens with each passing day, it’s a story that keeps audiences on the edge of their seats.However, when it comes to proving his innocence, SBF’s […]

European Central Bank Begins Preparation Phase for Digital Euro Project

The European Central Bank (ECB) has announced that it will begin the “preparation phase” for the digital euro project after a two-year investigation. This move comes after the ECB released a report on the potential design and distribution of a digital euro. The preparation phase will last for two years and will focus on finalizing […]

European Central Bank Advances Digital Euro Project to Preparation Phase

The European Central Bank (ECB) has announced that its project to develop a digital form of the euro is progressing to the preparation phase. The ECB aims to prepare the currency for the future, although a final decision on issuing a digital euro has not yet been made. The preparation phase will involve finalizing the […]

SEC Shows Positive Shift in Attitude Towards Bitcoin ETFs, Boosting Hopes for Approval

The Securities and Exchange Commission (SEC) is showing signs of warming up to the idea of a Bitcoin exchange-traded fund (ETF), according to Cathie Wood, CEO of Ark Invest. Wood stated that the SEC’s recent line of questioning regarding the risks and measures associated with a spot ETF indicates a change in behavior and raises […]

Elizabeth Warren Urges White House to Address Crypto’s Role in Terrorism Financing; Reddit Ends Blockchain Rewards System; FTX Trial Continues

Senator Elizabeth Warren and over 100 lawmakers have signed a letter urging the White House to address the role of digital assets in financing terrorism. The letter, dated October 17, was sent to Treasury Under Secretary Brian Nelson and National Security Adviser Jake Sullivan. It referenced a news article claiming that Palestinian militant groups had […]

Binance’s EUR Trading Volume Plunges to Three-Year Low Amid Regulatory Crackdown and Partnership Termination

EUR-denominated weekly spot volume on Binance, one of the leading cryptocurrency exchanges, has plummeted to a three-year low of $160 million in October 2023. This represents an 88% decrease from the $1.3 billion recorded in March 2023. The decline in trading volume can be attributed to a combination of factors, including regulatory crackdowns and the […]