A federal court in Chicago has taken a groundbreaking step to combat cybercrime by using innovative technology to lock criminals out of their blockchain accounts. The court order applies to 16 individuals and international criminal organizations sanctioned by the United States Treasury Department, including the notorious Lazarus Group and Hydra Market.The Lazarus Group is a […]
The Biden administration has taken a significant stance on the crypto industry, with enforcement actions from the SEC and CFTC, as well as proposed regulations from the SEC and Treasury Department. These regulations could have major implications on the sector, from the SEC’s proposals on custody and exchanges to the Treasury’s new proposal on how […]
BlackRock, a U.S. based investment firm, has submitted an application to the Securities and Exchange Commission (SEC) for a Bitcoin exchange-traded fund (ETF).The application is still pending and has yet to be approved by the SEC.If approved, the ETF would allow investors to buy and sell Bitcoin on the stock market, similar to how they […]
Sam Bankman-Fried, the disgraced founder of FTX, and his lawyers have requested that the Government be precluded from using certain evidence when his trial commences on October 2. The lawyers have argued that Bankman-Fried does not have enough time and resources to review the large volume of documents produced by the Government.In addition, Bankman-Fried’s lawyers […]
The United States Securities and Exchange Commission (SEC) has charged Impact Theory, a Los Angeles-based media and entertainment firm, for unregistered offering of nonfungible tokens (NFTs) known as “Founder’s Keys”, which raised approximately $30 million from investors. Without admitting or denying the SEC’s findings, Impact Theory agreed to a cease-and-desist order and will pay a […]
JPMorgan’s head of technical strategy, Jason Hunter, has warned that the stock market may see further moves to the downside in the short to midterm. Hunter believes that the “tide is turning” for the S&P 500 after the stock market index printed a recent high of 4,607 points. He also noted that JPMorgan is currently […]
OnlyFans, a subscription service for adult content, recently revealed that it had invested a portion of its working capital into Ethereum (ETH). As of November 30, 2022, the company had purchased $19,889 million worth of ETH, which recorded an impairment loss of $8,455 million, leaving a carrying amount of $11,434 million.The company’s revenues exceeded $1 […]
The People’s Bank of China (PBoC), the Chinese central bank, plans to use their digital yuan during the 2022 Winter Olympics in Beijing. It could be the first test for China’s central bank digital currency (CBDC) with international users. With the increasing adoption of crypto-assets, central bank digital currencies (CBDCs) have once again become a […]
The Federal Reserve Bank will publish a report on the potential transition to a Central Bank Digital Currency (CBDC) in the summer of 2021. The advanced projects of several countries, first and foremost China, as well as the increasing digitalization have intensified the discussion. The U.S. Federal Reserve did not reveal any specific plans for […]
A week ago, eBay announced that payments with cryptocurrencies were under consideration. Now, the operator of one of the largest online marketplaces has decided to enable the buying and selling of non-fungible tokens (NFTs). Will the technology make the leap into the mainstream? The U.S. company eBay recently enabled the sale of non-fungible tokens (NFTs) […]
