Gary Gensler, the formidable chairman of the United States Securities and Exchange Commission (SEC), is not showing signs of slowing down his rigorous oversight of the cryptocurrency sector. Following the SEC’s recent courtroom triumph over a Coinbase insider trading lawsuit, expectations are set for Gensler to persist in his legal endeavours to delineate the boundaries […]
Gensler’s Crusade Continues: SEC’s Crypto Path Read More »
Last week, the Bitcoin ETF trading scene witnessed remarkable volatility, as trading volumes soared to unprecedented heights, accompanied by a dramatic fluctuation in net inflows. This phenomenon underscores the evolving dynamics of cryptocurrency investments, particularly within the realm of ETFs (Exchange-Traded Funds) in the United States, where investor interest continues to intensify. At the forefront
ETF Volatility: Bitcoin’s Trading Highs and Lows Read More »
Marathon Digital, a trailblazer in the cryptocurrency mining sector, recently unveiled its groundbreaking Slipstream service, which has achieved a monumental feat by mining the largest Bitcoin block in history, measured in raw bytes. This remarkable block, a product of Marathon Digital’s innovative approach, not only showcases the company’s prowess but also signifies a notable moment
Marathon Digital Shatters Bitcoin Block Record Read More »
The United Kingdom is taking a bite out of crypto crime with a legislative update that grants law enforcement more teeth. An amendment to the Economic Crime and Corporate Transparency Act empowers them to seize crypto assets suspected of fueling criminal activity, even in the absence of a conviction. This marks a significant shift in
UK Cracks Down on Crypto Crime with New Seizure Powers Read More »
The U.S. Securities and Exchange Commission (SEC), eight state attorney generals have accused the agency of overreaching its regulatory authority by attempting to govern “non-securities” in the cryptocurrency sector. This bold claim was articulated in an amicus brief filed amidst the SEC’s ongoing legal battle against Kraken’s parent company, highlighting a growing rift between state
States Challenge SEC’s Crypto Authority Read More »
New York-based cryptocurrency exchange Gemini has set a precedent in the crypto lending space by reaching a preliminary settlement to return a staggering $1.1 billion in digital assets to users of the Genesis Earn program. This move comes as a beacon of hope for investors entangled in the bankruptcy saga of Genesis, a leading crypto
Gemini to Restore $1.1 Billion to Users Amid Genesis Bankruptcy Read More »
Veteran asset management giant VanEck, with a colossal $80 billion in assets under its wing, recently sent shockwaves through the cryptocurrency world with the launch of SegMint. This innovative platform functions as both an NFT marketplace and a digital asset platform, strategically targeting crypto investors in Europe and Asia. VanEck’s bold move underscores the burgeoning
VanEck Dives into Crypto: Unveiling SegMint, the NFT and Digital Asset Platform Read More »
The Internal Revenue Service (IRS) is making a strategic move to address the complexities of the cryptocurrency and digital asset landscape. The agency recently announced the recruitment of two private-sector experts, Sulolit “Raj” Mukherjee and Seth Wilks, to bolster its efforts in building robust tax compliance and enforcement programs in this rapidly evolving space. Bridging
Crypto Taxes: IRS Recruits Experts, Bridges or Net? Read More »
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