Rootoshi
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11 months agoControversial Argentinian President Proposes Tax Cuts for Crypto Declarations
Argentinian president Javier Milei is facing backlash and protests over a new bill that aims to revive the country’s economy by offering tax cuts to residents who declare their crypto holdings. The bill proposes a…
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11 months agoBlackRock Names JPM and Jane Street as Authorized Participants for Spot Bitcoin ETF
BlackRock has updated its spot Bitcoin ETF application with the SEC, naming JP Morgan Securities and Jane Street Capital as authorized participants for share creation and redemption. This move is seen as ironic due…
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11 months agoCryptocurrency Entrepreneur and Company Found Guilty of Violating US Law in Landmark Ruling
A federal judge has sentenced cryptocurrency entrepreneur Do Kwon and his company Terraform Labs for violating US law by failing to register two digital currencies that collapsed in 2022. The ruling could have…
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11 months agoRising Phishing Scams in Crypto Sector Result in $4.66 Million Loss for Chainlink Investor
A Chainlink (LINK) crypto investor recently fell victim to a sophisticated phishing attack, resulting in a devastating loss of approximately $4.66 million. The investor had accumulated a portfolio of 290,750 LINK…
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11 months agoCongressman Tom Emmer Introduces SEC Stabilization Act to Remove Chairman Gensler
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…
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11 months agoSpot Bitcoin ETF Approval Deadline Nears: Which Applicants Will Make the First Wave?
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…
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11 months agoMillions Lost in Devastating Phishing Attack on Chainlink Cryptocurrency
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…
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11 months agoSouth Korean Parliament Members Involved in $100 Million Cryptocurrency Trading Scandal
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 A…
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11 months agoIndia Requests Ban on Nine Crypto Exchanges for Non-Compliance with AML Regulations
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 i…
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11 months agoChinese Authorities Crack Down on Tether USDT in Foreign Exchange Trading
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 F…
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11 months agoCybercriminals and Hacks Lead to $1.8 Billion Loss in Web3
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…
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11 months agoARK Invest Files Final Amendment for Bitcoin ETF, Aims for January Approval
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…
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11 months agoTerraform Labs Secures Partial Victory in SEC Case, but Faces Unregistered Securities Sales Allegations
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…
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11 months agoZuger Kantonalbank Becomes First Swiss Bank to Offer Regulated Crypto Trading
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…
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11 months agoIndian Regulator Issues Compliance Notices to 9 Major Crypto Exchanges, Seeks URL Blockage
India’s regulatory body has issued compliance notices to nine cryptocurrency exchanges, including major players like Binance, Kucoin, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex and Huobi. The watchdog i…
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11 months agoCrypto Hacking Group "Pink Drainer" Steals $4.4 Million in Chainlink LINK from Single Victim
A crypto hacking group known as “Pink Drainer” has recently been linked to a significant theft of $4.4 million worth of Chainlink LINK cryptocurrency. The victim was tricked into signing an “Increase Appro…
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11 months agoCourt Rules TerraUSD and Luna as Unregistered Securities in Landmark SEC Case
In a groundbreaking decision, U.S. District Judge Jed Rakoff ruled in favor of the Securities and Exchange Commission (SEC), confirming that Terraform Labs and its founder, Do Kwon, engaged in the offering and sale…
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11 months agoCanadian Crypto Exchange Catalyx Suspends Trading and Withdrawals Following Security Breach
Catalyx, a prominent Canadian cryptocurrency exchange, has temporarily suspended all trading activities, deposits, and withdrawals following a security breach. The company suspects the involvement of one of its…
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11 months agoRepublican Lawmakers Call for Removal of SEC Chair Gary Gensler Over Alleged Bias and Damage to Digital Asset Industry
Republican lawmakers are calling for the removal of Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), citing bias and damage to the digital asset industry. Congressman Warren Davidson,…
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11 months agoCrypto Exchange Catalyx Suspends Trading and Withdrawals After Security Breach
Canadian crypto exchange Catalyx has temporarily suspended all trading activity and withdrawals after discovering a security breach. The breach is suspected to involve one of the company’s employees, leading to t…
