Former President Donald Trump burnished his credentials as Bitcoin’s best friend with a series of major announcements, including adding crypto to the government’s reserves, in a barnstorming speech to assembled crypto devotees at the Bitcoin 2024 Nashville conference. “This afternoon, I’m laying out my plan to ensure that the United States will be the crypto...
The Russian government is reportedly set to make a crypto exchange ban u-turn, and will no longer try to stop the “circulation” of crypto in the country. The claims came from the lawmaker Anton Gorelkin, the Deputy Chairman of the State Duma’s Committee on Information Policy. Crypto Exchange Ban ‘Concerns’ Too ‘Serious’ to Ignore? In...
Bitcoin (BTC), the world’s leading cryptocurrency, has experienced volatility. It struggled to maintain its early-day upward momentum and dipped to $67,624. Despite hitting an intraday high of $69,000, BTC couldn’t sustain this level due to mixed statements from Trump. His comments, including “Crypto will die if Democrats win,” have created uncertainty, pressuring BTC prices. However,...
South Korean prosecutors have indicted an unnamed man they suspect of orchestrating a $1.3 million crypto mining-themed “scam.” Per Asia Kyungjae, prosecutors think the individual promised investors “guaranteed” monthly returns of between 3% and 8% on their stakes. Crypto Mining ‘Scam’ Mastermind ‘Gathered Over $4M’ Officials say the individual was a male aged “in his...
Cantor Fitzgerald LP is set to venture into the Bitcoin financing sector, providing leverage to cryptocurrency investors. The investment bank has announced plans to allocate $2 billion to this new business, the company said in a recent press release. The initiative was revealed by Cantor Chairman and CEO Howard Lutnick at a Bitcoin conference in...
Compound Finance, a leading decentralized lending and borrowing protocol, is embroiled in controversy over a possible governance attack. The recent passage of proposal 289 has sparked allegations of a governance attack, allegedly orchestrated by a voting bloc known as the “Golden Boys.” The controversy began with discussions on Compound’s governance forums, where insiders had warned...
Hong Kong legislator Johnny Ng has proposed that Bitcoin be used as an official financial reserve for the region. In a July 28 X post, he said Bitcoin’s global acceptance is continuously growing and is regarded as “digital gold.” He suggested that in the future, it is feasible to consider including Bitcoin in strategic financial...
The Norwich Crown Court in the UK has sentenced a 24-year-old Elliott Gunton for his alleged involvement in Coinbase hack. Per a local news report, Gunton accessed more than 500 Coinbase accounts during 2018-2019, stealing more than $900,000. According to the court docs, he and fellow hackers obtained access to hundreds of Coinbase accounts by...
Former FTX executive and co-CEO of FTX Markets Ryan Salame is requesting his prison surrender date for criminal charges stemming from his time at Sam Bankman-Fried’s crypto exchange be pushed back after being “mauled” by a dog. According to the request made Friday, Salame suffered a “dog-bite injury to the face” after being “mauled by...
In a July 25 interview with Moneycontrol, Indian Economic Affairs Secretary Ajay Seth announced that the country will release a discussion paper outlining its stance on cryptocurrencies before September 2024. This paper, rather than proposing immediate legislation, will focus on initiating stakeholder consultation. India’s Evolving Approach to Indian Crypto Regulation An inter-ministerial group, including the...