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CFTC chair Rostin Behnam Expects Crackdown on Cryptocurrency Firms to Continue
Rostin Behnam, chair of the United States Commodity Futures Trading Commission (CFTC), stated on May 6 that regulators will likely maintain a stringent approach toward cryptocurrency firms as long as the market attracts investors. Rostin Behnam Sets “6-24 Month Timeline”... -
Bitcoin Network Reaches Historic Milestone with 1 Billion Transactions
The Bitcoin network has processed its one billionth transaction, a major event in the cryptocurrency's 15-year existence. This milestone was achieved on May 5, 2024, at 9:34 pm UTC. Bitcoin Network Secures Achievement Without Centralised Intermediary On-chain data Clarkmoody confirmed... -
Apple Stock Rallies After Q2 Earnings and Analysts See More Gains Ahead
Apple stock (NYSE: AAPL) rallied almost 6% yesterday and had its best day since November 2022 after the iPhone maker’s fiscal Q2 2024 earnings were better than feared. Here are the key takeaways from the report and how analysts reacted... -
Former FTX Executive Ryan Salame Forfeits $5.9M Bahamas House to Settle Criminal Charges
On May 1, Ryan Salame, the former co-chief executive of FTX Digital Markets, an affiliate of the bankrupt exchange FTX, agreed to forfeit his $5.9 million house in the Bahamas to FTX Digital Markets. This is a part of Salame's... -
Blackrock Leads $47 Million Investment Round in Securitize to Boost Tokenization Efforts
Blackrock, the largest asset management firm globally, has spearheaded a $47 million strategic investment round in Securitize, a company specializing in the digitization of capital markets. This funding round, which attracted participation from various financial market participants and crypto-native startups,... -
Tether Reports Record $4.52 Billion Profits in Q1 2024 Attestation
Tether, a prominent player in the cryptocurrency industry, has released its financial attestation for the first quarter of 2024, revealing a record-breaking profit of $4.52 billion. As of March 31, 2024, Tether's net equity stood at $11.37 billion, underscoring its... -
Oregon Becomes the Sixth US State to Revoke Binance.US License to Operate
The Oregon Division of Financial Regulation announced on April 30 that it had revoked the Binance.US license, as the exchange is no longer permitted to accept money for transmission, hold funds, or facilitate the sale of fiat or cryptocurrency for... -
DOJ Counters Motion to Dismiss Charges Against Tornado Cash Developer
The United States Department of Justice (DOJ) has taken a significant step by opposing a motion to dismiss criminal charges against Roman Semenov, the creator of the cryptocurrency mixing service Tornado Cash. The DOJ stated in a recent court statement... -
Hong Kong Crypto ETFs Touted to Create Opportunities for Chinese Investors
On April 30, Yimei Li, the CEO of China Asset Management, expressed that the introduction of Hong Kong crypto ETFs would “open the door” for individuals holding Chinese Yuan (RMB) who are seeking alternative investment options. Hong Kong Crypto ETFs... -
Australia’s Biggest Stock Exchange May List Approved Spot Bitcoin ETFs by 2024 End: Report
Australia's ASX stock exchange is set to list its first batch of approved spot Bitcoin exchange-traded funds (ETFs) by the end of 2024, according to an exclusive report on April 28. This development follows the successful launch of Bitcoin ETFs...
