US Congressman Tom Emmer, known for his expertise in digital assets and support for cryptocurrencies, has introduced the Securities and Exchange Commission (SEC) Stabilization Act. The legislation aims to remove SEC Chairman Gary Gensler from his position, citing concerns over his regulatory actions in the digital asset sector.Emmer has been critical of Gensler’s approach to […]
The deadline for spot Bitcoin exchange-traded fund (ETF) applicants in the United States to file final S-1 amendments is today, December 29. This deadline is significant as it will determine which applicants could potentially be approved for the first wave of spot Bitcoin ETFs in early January. The U.S. Securities and Exchange Commission (SEC) has […]
In a devastating phishing attack, a Chainlink (LINK) holder lost a staggering $4.66 million worth of cryptocurrency. The incident was brought to light by Lookonchain, a data analytics firm, through a tweet. The victim had accumulated 290,750 LINK tokens, valued at $2.26 million, through trading on various exchanges. However, they fell victim to a phishing […]
South Korean lawmakers have been involved in significant cryptocurrency transactions over the past three years, with a total estimated trade volume of $97.6 million. A recent report from the country’s Anti-Corruption and Civil Rights Commission revealed that out of the 298 sitting lawmakers, 18 had records of virtual asset possession, and only 11 were responsible […]
India’s Financial Intelligence Unit (FIU) has requested a ban on nine cryptocurrency exchanges operating in the country, including Binance, Kraken, and Bitfinex. The FIU claims that these exchanges are operating illegally and have failed to comply with national anti-money laundering (AML) and anti-terrorist financing regulations. As a result, the FIU has requested that the websites […]
Chinese authorities are taking steps to crack down on the use of cryptocurrencies, specifically Tether USDT, in foreign exchange trading. The Supreme People’s Procuratorate (SPP) and the State Administration of Foreign Exchange (SAFE) have issued a joint statement warning the public against using Tether as an intermediary for trading yuan with other fiat currencies.The authorities […]
In 2023, an estimated $1.8 billion was lost to hackers and scammers in the Web3 space. Nearly one-fifth of these losses were attributed to the Lazarus hacker group, which has connections to North Korea.According to data from the blockchain security platform Immunefi, the biggest hack of the year occurred on the peer-to-peer trading platform Mixin […]
ARK Invest has filed its final S-1 amendment for its proposed spot Bitcoin ETF, positioning itself to be considered in the first wave of approvals in January. The Securities and Exchange Commission (SEC) reportedly set a deadline for applicants to file their final amendments by December 29, with the understanding that those who miss the […]
Terraform Labs, the blockchain company, has achieved a partial victory in a case brought against it by the U.S. Securities and Exchange Commission (SEC). Judge Jed Rakoff issued a summary judgment in favor of Terraform Labs, stating that the firm did not engage in transactions involving security-based swaps. However, the judge also ruled that various […]
The Zuger Kantonalbank, a Swiss bank, has announced that it is now offering its customers the ability to buy, trade, and securely store the most popular cryptocurrencies within a fully regulated banking environment. This makes it the first cantonal bank to respond to the changing market demand for digital assets. Customers can access this new […]
