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SEC’s Crypto Crackdown: 46 Actions Mark 50% Surge in 2023
In 2023, the U.S. Securities and Exchange Commission (SEC) increased actions against crypto-related activities by over 50% from the previous year. They focused on enforcing rules in the cryptocurrency market and took 46 actions against various participants. This demonstrates a... -
SEC Charges Masterminds of $1.7 Billion HyperFund Crypto Scheme
The U.S. Securities and Exchange Commission (SEC) has brought charges against Xue Lee and Brenda Chunga, the alleged masterminds of the deceptive $1,7 billion Hyperfund crypto scheme. HyperFund was a Mere Ponzi Scheme In a January 29 press release, the... -
US Treasury Yields Fall Ahead of Fed Meeting as Rate Cut Clamor Grows
The US Federal Reserve will begin its two-day meeting today and announce the rate outcome tomorrow. US Treasury Yields have fallen ahead of the Fed meeting as markets await Chair Jerome Powell’s comments on the projected rate cuts in 2024.... -
18 US Senators Now Backing Crypto – Coinbase’s Stand With Crypto
The intricate relationship between the US government and cryptocurrencies seems to be split into two camps. According to a recent report by Coinbase’s Stand with Crypto, at least 18 US Senators are now backing the nascent industry. Cynthia Lummis Leading... -
Sygnum Bank Surpasses Funding Goals, Sets Sights on Global Expansion and Digital Asset Development in Strategic Growth Round
Sygnum Bank exceeded its funding goal, securing over $40 million in a recent round and elevating its total value to $900 million. This success highlights robust investor confidence, paving the way for global expansion and enhanced digital asset products. The... -
Bitwise’s Milestone: U.S. Spot Bitcoin ETF Transparency with Public Wallet Disclosure, Jan 24, 2024
On January 24, 2024, Bitwise, a well-known digital asset manager, achieved a significant milestone. They proudly announced that they are now the first U.S. spot bitcoin exchange-traded fund (ETF) to disclose its bitcoin wallet address. This means they're sharing information... -
Elon Musk Says Chinese EV Companies Could ‘Demolish’ Competitors
Tesla stock fell more than 12% yesterday after the company warned of a growth slowdown. Its CEO Elon Musk meanwhile was all praise for Chinese EV (electric vehicle) companies and said that they could “demolish” competitors. “Frankly, I think, if... -
SEC Postpones Decision on Approval for Grayscale’s Spot Ethereum ETF
The United States Securities and Exchange Commission (SEC) has delayed issuing a decision on an application by crypto asset manager Grayscale Investments to convert its Ethereum trust product into a spot exchange-traded fund (ETF) by an additional 35 days. Suspense... -
Binance’s Former CEO Plans to Commit Entire $4.5B Stake for January Exit from the US
Former Binance CEO Changpeng Zhao (CZ) made an unsuccessful attempt to pledge his $4.5 billion stake in Binance.US as collateral to secure temporary travel permission to the United Arab Emirates (UAE). Equity Stake as Security Collateral for Return A court... -
California Court Orders Crowd Machine and Metavine to Pay Over $20M in CMCT Case
A California court has ruled that Crowd Machine and Metavine, creators of Crowd Machine Compute Tokens (CMCT), must pay over $20 million in disgorgement, interest, and penalties. This judgment, arising from a case initiated over two years ago, also holds...
