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Historian Names 3 US Presidents That Would Have Bought Bitcoin
Luke Nichter, a scholar of presidential history at Chapman University, has named three former US presidents who might have been receptive to Bitcoin. Nichter contends that only some US presidents would have embraced Bitcoin as an official currency due to... -
VanEck Sanctioned By SEC For Error In ETF Marketing
On February 16th, the Securities and Exchange Commission (SEC) announced that it fined VanEck, an investment management firm. The fine was a $1.75 million civil penalty settlement. This settlement would resolve allegations of failure to disclose the involvement of a... -
Phoenix Group’s IPO Success Leads to 50% Increase in Net Income and 20% Growth in Annual Sales
Phoenix Group, a company based in Dubai that focuses on Bitcoin mining and blockchain infrastructure, recently had its initial public offering (IPO), which was extremely popular and overpurchased. Following this successful IPO, the company has shared some exciting financial news.... -
Big Banks Lobby SEC for Inclusion in Lucrative Bitcoin ETF Market
On February 14, a coalition of major financial institutions in the US proposed a letter to SEC Chair Gary Gensler. The trade group wants the regulatory body to revise crypto asset definitions. If accepted, this could enable them to serve... -
Coinbase Stock Rises After Posting Its First Profit Since Q4 2021
Coinbase stock (NYSE: COIN) is trading sharply higher in US premarket price action today after the company shattered Q4 earnings estimates and posted its first quarterly profit since Q4 2021. Coinbase reported revenues of $954 million in the quarter which... -
Genesis Global Capital Can Sell $1.3B Stake in Grayscale’s Bitcoin Trust
Genesis Global Capital has received approval to sell its $1.3 billion stake in Grayscale's Bitcoin Trust (GBTC). The green light came from Judge Sean Lane after Genesis sought permission to sell its investments. This move allows Genesis to convert its... -
UK Regulator Issues 450 Alert On Illicit Crypto Promotions
On February 14, 2023, the Financial Conduct Authority (FCA) disclosed in a press release the actions it has implemented to combat illicit financial promotions. The FCA, UK's financial regulatory body, issued 450 consumer alerts in the last quarter of 2023,... -
US Treasury Official Request More Authority to Combat Crypto Crime
Brian Nelson, a U.S. Treasury official, has voiced concerns regarding the role of cryptocurrency in facilitating illicit financial activities. He intends to delineate the agency's worries to members of the House and advocate for increased authority to combat nefarious actors.... -
Robinhood Stock Rises on Q4 Revenue Beat and Surprise Profit
Robinhood (NYSE: HOOD) stock is trading higher in US postmarket price action today after the company reported its Q4 earnings which showed that it not only topped revenue estimates in the quarter but also posted a surprise profit in the... -
Binance Founder Changpeng Zhao’s Jail Term Postponed Till April
Binance founder Changpeng Zhao’s sentencing has been moved to April 30 from the initial date of February 23. Zhao, charged with money laundering, could serve up to 18 months in prison. However, U.S. prosecutors are pushing for a longer sentence....
