Day: October 19, 2024

Bitcoin ETFs Set New Record With Over $66 Billion in Assets

The twelve U.S.-based spot Bitcoin exchange-traded funds (ETFs) have reached a new milestone, logging their highest total net asset value since their launch in January. According to SoSoValue data, the combined value of Bitcoin held in these ETFs now exceeds $66.1 billion. Surpassing the previous record of $62.6 billion set in early June. This record-breaking […]

SEC Continues Pursuit of Solana in Binance Lawsuit

After a summer of speculation that the U.S. Securities and Exchange Commission (SEC) might ease its stance on certain altcoins like Solana (SOL), the financial regulator has reaffirmed its position, continuing to argue that the sale of SOL constitutes an illegal, unregistered security offering. This week, in an amended complaint against Binance, the SEC expanded […]

Kamala Harris Targets Black Male Crypto Investors

Seeking to strengthen her support among Black male voters, Kamala Harris, the Democratic Party’s presidential nominee, introduced an outreach agenda this week. Including a notable focus on cryptocurrency regulation aimed at protecting Black men who invest in digital assets. This marks Harris’ most direct stance on crypto regulation since taking over for Joe Biden in […]

Olympic Snowboarder Charged in Cocaine Trafficking with Tether

Former Olympic snowboarder Ryan James Wedding has been hit with criminal charges for his alleged involvement in a billion-dollar cocaine trafficking ring that used the cryptocurrency Tether (USDT) to facilitate payments. The indictment, filed by the U.S. Department of Justice (DOJ) on Thursday. Accuses Wedding and 15 other defendants of running a transnational drug syndicate. […]