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Ripple’s Legal Head Predicts SEC Scrutiny and Crypto Regulation Discord in 2024, Threatening U.S. Firms’ Growth
Ripple's legal chief anticipates a stricter approach from the U.S. Securities and Exchange Commission (SEC) towards cryptocurrencies in 2024. He predicts that the U.S. Congress will struggle to reach a consensus on crypto regulation, potentially putting American crypto businesses at... -
Four LA Residents Indicted for Laundering Crypto Proceeds in Pig Butchering Scam
Another round of crypto investment scam indictment has seen four individuals charged by the US Department of Justice (DoJ) for money laundering and other fraudulent activities. 284 Transactions Results in $80 Million Illicitly Gained Unsealing the indictment on December 14,... -
Rivian Stock Surges on AT&T Deal: Key Takeaways
Rivian stock (NYSE: RIVN) rose almost 14% yesterday and hit multi-month highs after the startup electric vehicle (EV) company announced a vehicle supply agreement with telecom giant AT&T. Here are the key takeaways from the deal. As part of the... -
Stablecoins’ Growth to Outpace Visa: Bitwise
The crypto market's massive turnaround is spurring strong bullish predictions for the next 12 months. According to asset management firm and spot Bitcoin ETF applicant Bitwise, the foremost crypto asset could easily scale up to $80,000 by 2024.. Stablecoins Use... -
BlackRock Submits Revised Bitcoin Spot ETF Application, Addressing Market Manipulation
The world's largest asset management firm, BlackRock, has submitted a revised version of its Bitcoin spot exchange-traded fund (ETF). Prepay Model Added for Banking Accessibility The $11 trillion-dollar asset manager, BlackRock, is expanding the scope of its crypto-focused initiatives in... -
Five More Senators Join Ranks With Elizabeth Warren’s Crypto Anti-Money Laundering Bill
Massachusetts Senator Elizabeth Warren's anti-money laundering bill is gaining significant support. According to a recent announcement, five more senators have joined ranks with Warren as she continues the fight against the use of crypto assets for illicit activities. Banking Committee... -
BlackRock’s Filing Highlights Bitcoin ETF Risks, Signals U.S. Trading Channel Impacts
BlackRock, the world's largest asset manager, recently warned about potential issues with a Bitcoin exchange-traded fund (ETF). They expressed concern that U.S. authorities, like the SEC or state regulators, might classify Bitcoin as a security. If that happens, it could... -
Crypto Deposits on Exchanges in South Korea to Receive Interest, NFTs and CBDCs Excluded
Continuing its march to a robust crypto environment, the South Korean Financial Services Commission (FSC) is scheduled to release a guidance that will see investors earn interest on their crypto deposits. High Volume NFTs Not Impacted In a December 10... -
US Jobs Report Surprises on the Upside Ahead of Fed’s December Meeting
The nonfarm payroll data released this morning showed that the US economy added 199,000 jobs in November which was better than the 190,000 that analysts were expecting and well ahead of the October reading of 150,000. The unemployment rate also... -
El Salvador Launches $1M BTC Freedom Visa – But It’s Too Pricey
El Salvador has announced the launch of its citizenship-by-investment program. However, interested investors have to invest at least $1 million or its equivalent in Bitcoin to get a state-recognized "Freedom Visa." Tether Powers El Salvador's BTC Visa Pro-Bitcoin nation El...
