Day: May 13, 2024

Wells Fargo Dips Into Bitcoin ETFs

American banking giant Wells Fargo has recently marked its entry into the cryptocurrency sector by investing in multiple Bitcoin ETFs (Exchange-Traded Funds), according to a new regulatory filing. The move underscores the growing interest from traditional financial institutions in crypto assets. The filing with the U.S. Securities and Exchange Commission (SEC) revealed that Wells Fargo […]

Meme Coins Rally After Roaring Kitty’s Return

The cryptocurrency and stock markets experienced a significant surge early Monday, following a tweet by Keith Gill, better known as Roaring Kitty or DeepFuckingValue. His post, the first in nearly three years, featured an image of a man intently leaning forward while holding a video game controller, sparking speculation of an impending rally in meme […]

SEC Counters Coinbase’s Regulatory Plea

In an ongoing legal tussle, the U.S. Securities and Exchange Commission (SEC) has urged the court to dismiss Coinbase’s petition for a revamped regulatory framework tailored to crypto assets. This development stems from a recent court filing where the SEC addressed Coinbase’s March claims that the existing securities laws should not automatically apply to cryptocurrencies. […]

Rain Exchange Suffers $14.8M Exploit

The Middle Eastern cryptocurrency exchange Rain has reportedly been exploited for $14.8 million, as revealed by the renowned crypto investigator ZachXBT. The announcement came via ZachXBT’s Telegram channel, where he detailed the suspicious activities observed in Rain’s digital wallets. According to ZachXBT, the exploit occurred on April 29, 2024, targeting BTC, ETH, SOL, and XRP […]

Bitfarms CEO Fired Amid Lawsuit

Toronto-based Bitcoin mining firm Bitfarms has made headlines by abruptly dismissing CEO Geoffrey Morphy on Monday, following his lawsuit against the company demanding $27 million in damages for alleged breach of contract. The firing was effective immediately, marking a significant turn in the company’s management saga. Morphy, who was promoted from President and COO to […]

MoonPay Fuels Crypto Advocacy

MoonPay, a key player in the crypto payments infrastructure, has taken a significant step by contributing $1 million to Stand With Crypto, an advocacy group launched by the crypto exchange Coinbase. This group, which also operates a political action committee (PAC), is dedicated to supporting bipartisan, crypto-friendly politicians, aiming to shape a more favorable regulatory […]

Spot Bitcoin ETFs See Rebound

After four weeks of sustained outflows totaling over $1 billion, spot bitcoin exchange-traded funds (ETFs) in the United States have finally seen a return to net inflows, amassing $116.8 million last week. This marked change was led predominantly by Fidelity’s FBTC and Ark Invest’s ARKB, signaling a potential shift in investor sentiment towards these investment […]

Bitcoin’s Leap to Stablecoins on Lightning

The recent announcement by Lightning Labs CEO Elizabeth Stark at the Financial Times Crypto and Digital Assets Summit has sparked considerable interest in the cryptocurrency community. Stark revealed that the developer behind Bitcoin’s Lightning Network has successfully tested a protocol allowing for the issuance of stablecoins on the Bitcoin blockchain. The new protocol, dubbed the […]