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1 year ago
Bitcoin Celebrates 15 Years: A Journey of Resilience and Growth
Bitcoin, the pioneering cryptocurrency, is celebrating its 15th anniversary. Since its inception, Bitcoin has experienced an astonishing growth of 3.4 billion percent, becoming a linchpin of the trillion-dollar…
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1 year agoFounder of Oyster Protocol Receives Maximum Sentence for Tax Evasion
Amir Bruno Elmaani, the founder of the now-defunct cryptocurrency scheme Oyster Protocol, has been sentenced to four years in prison for tax evasion. Elmaani, also known as “Bruno Block,” admitted to secretly min…
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1 year agoSEC Chair Urges Crypto Industry to Prioritize Investor Protection and Compliance
October 31, 2023, marked the 15th anniversary of the release of the Bitcoin whitepaper, a document that laid the foundation for the development of the Bitcoin network. Authored by Satoshi Nakamoto, the whitepaper…
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1 year agoClosing Arguments Commence as SBF Trial Approaches Conclusion
Day 15 of the trial of Sam Bankman-Fried (SBF) continued with the prosecution’s cross-examination, focusing on SBF’s relationship with the Bahamian government, handling of customer funds, and transparency iss…
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1 year agoUS Government Watchdog Criticizes SEC's Handling of Crypto Safeguarding Rule
The U.S. Securities and Exchange Commission (SEC) has come under scrutiny from the U.S. Government Accountability Office for failing to follow proper procedures in issuing guidance on cryptocurrency safeguarding.…
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1 year agoFormer FTX CEO Denies Wrongdoing in $8 Billion Hidden Debt Case
Former FTX CEO, Sam Bankman-Fried, has concluded his testimony and cross-examination in his criminal fraud trial. During his testimony, Bankman-Fried acknowledged the existence of an $8 billion hidden debt within…
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1 year agoFormer FTX CEO Sam "SBF" Bankman-Fried's Trial Nears Closing Remarks
The trial of former FTX CEO Sam “SBF” Bankman-Fried is currently underway in New York, and Cointelegraph reporters are providing live coverage of the proceedings. The trial is nearing its conclusion, with clo…
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1 year agoFinancial Conduct Authority Warns UK Investors About Bitfinex's Unauthorized Financial Services
The UK’s Financial Conduct Authority (FCA) has issued a warning to investors regarding Bitfinex, stating that the exchange may be promoting financial services without proper authorization. The FCA cautions p…
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1 year agoFTX Bankruptcy: $156M Worth of Assets, Including Ethereum and Solana, Transferred Amid Rising Creditor Claims
FTX, a bankrupt cryptocurrency exchange, has reportedly moved $156 million worth of digital assets, including Ethereum and Solana, in a series of transactions. According to blockchain analytics firm Nansen, the…
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1 year agoGlobal Financial Regulatory Authorities Forge Unprecedented Alliance to Drive Digital Asset Innovation
In a groundbreaking move, the Monetary Authority of Singapore (MAS) has formed an alliance with esteemed financial regulatory bodies from around the world, including the Financial Services Agency of Japan (FSA),…
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1 year agoLost Bitcoin Fortunes: Tales of Misfortune and the Importance of Cryptocurrency Security
In 2017, the victims of the Mt. Gox hack are still waiting for compensation, almost 10 years after the incident. This serves as a reminder of the haunting reality of cryptocurrency, where the loss of private keys…
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1 year agoValkyrie Investments Files Updated Bitcoin ETF with SEC
Digital asset manager Valkyrie Investments has filed an updated spot Bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The Valkyrie Bitcoin Fund aims to offer investors the…
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1 year agoSpain Accelerates Implementation of MiCA Act to Enhance Crypto Investor Protection
Spain is taking the lead in implementing the European Union’s comprehensive cryptocurrency regulatory framework, the Markets in Crypto-Assets (MiCA) Act. The Spanish Ministry of Economy and Digital Transformation h…
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1 year agoSpain Accelerates Implementation of EU Crypto Framework, MiCA Act
The Spanish Ministry of Economy and Digital Transformation has announced that the Markets in Crypto Assets (MiCA) Act, the first comprehensive crypto framework in the European Union, will be implemented on a…
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1 year agoDecentralized Exchange Unibot Hacked, $560K in Memecoins Stolen
A popular Telegram bot called Unibot, which is used for trading on the decentralized exchange Uniswap, was recently hacked. The exploit on a newly deployed contract allowed the hacker to steal around $560,000 worth…
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1 year agoPotential Clue Emerges for Approval of Spot Bitcoin ETF by SEC
Scott Johnsson, a notable attorney from Davis Polk, has drawn attention to a closed-door meeting scheduled for November 2, which could potentially shed light on the approval of a spot Bitcoin ETF by the US…
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1 year agoHong Kong Monetary Authority Advances e-HKD Pilot Program for Central Bank Digital Currency
The Hong Kong Monetary Authority (HKMA) has completed the first phase of its e-HKD pilot program, which aims to assess the viability of a central bank digital currency (CBDC). The program focuses on six areas,…
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1 year agoBitcoin Celebrates 15th Anniversary: A Decentralized Revolution in Digital Currency
Today marks the 15th anniversary of the release of the Bitcoin white paper by Satoshi Nakamoto. This groundbreaking document proposed a decentralized electronic cash system that could solve the issue of double…
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1 year agoSEC Chief Gensler's Potential Move Could Spell Trouble for Spot Bitcoin ETFs
There is speculation that Gary Gensler, the chief of the United States Securities and Exchange Commission (SEC), may reject spot Bitcoin exchange-traded funds (ETFs) in a surprising move. Bloomberg ETF analysts…
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1 year agoTerraform Labs Co-Founder Requests Dismissal of SEC Lawsuit, Denies Wrongdoing
Terraform Labs co-founder Do Kwon and his legal team have requested a United States district judge to dismiss the securities and fraud suit filed by the federal securities regulator. They argue that the Securities…
