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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... -
FBI Cautions The Public About Unregistered Crypto Money Transmitters
The US Federal Bureau of Investigation (FBI) warned Americans on April 25 regarding using cryptocurrency money-transmitting services that are not registered as Money Services Businesses (MSBs). FBI Continues Fight Against Illegal Exchanges The FBI made a public service announcement to... -
Xpeng Motors Plans Overseas Production to Escape Tariffs
Xpeng Motors is considering overseas production as the Chinese electric vehicle (EV) tries to escape regulatory heat and possible tariffs in Europe. Speaking with reporters on the sidelines of the Beijing auto show, Xpeng Motors’ co-president Brian Gu said that... -
Unprecedented in ETF History: Analyst Emphasizes GBTC’s Record Outflows, Exceeding All Others
While Blackrock's spot bitcoin exchange-traded fund (ETF), IBIT, experienced consistent inflows for 71 days before halting operations this week, Grayscale's Bitcoin Trust (GBTC) holds the record with 72 consecutive days of outflows, surpassing any other ETF in history. "No ETF... -
KPMG Study Shows 39% of Canadian Institutional Investors Embrace Crypto Investments
KPMG had on April 24 published its survey report, which showed that cryptocurrency exposure among Canadian institutional investors increased in 2023. This was a significant rise compared to the last bull run of 2021. Canadian Institutional Investors’ Increased Interest in... -
Spot Ether ETF Approval Wait Continues as SEC Delays Decision on Two Filings
On April 23, the United States Securities and Exchange Commission (SEC) delayed its decision on the proposed spot Ethereum exchange-traded funds (ETF) submitted by Grayscale and Franklin Templeton. Spot Ether ETF Applications Verdict Set for June 2024 The US SEC...
