-
Goldman Sachs Anticipates Gold Price to Hit $2,700 by Year’s End Due to Unexpected Strong Performance and Non-Traditional Factors
Goldman Sachs, a top investment bank, has revised its gold price prediction for 2024. They now forecast that gold will reach $2,700 per ounce by the end of the year. This increase in their estimate is due to gold performing... -
US Department of Justice Indicts Cryptojacker for Alleged $3.5M Fraud Scheme
The US Department of Justice (DOJ) had on April 15 charged Charles O. Parks III with money laundering and wire fraud after he allegedly masterminded a “large-scale illegal cryptojacking operation, which led to the loss of $3.5 million. He was... -
Hong Kong Regulator Approves Spot Bitcoin and Ether ETFs
On April 15, the Hong Kong Securities and Futures Commission (SFC) approved the first batch of spot Bitcoin and Ethereum exchange-traded funds (ETFs), a major leap that makes Hong Kong the first Asian country to embrace both crypto ETFs as... -
Ethereum Pectra Hard Fork Will Integrate EIP-3074 To Ease Private Keys Recovery
Tim Beiko, a prominent Ethereum developer, disclosed on April 11 that the upcoming hard fork dubbed “Pectra” will integrate the EIP-3074, which is designed to enable users to retrieve lost assets through a “social recovery” tool. EIP-3074 Upgrade Will Use... -
Paraguay’s Lawmakers Set to Reevaluate Bitcoin Mining Prohibition and Energy Supply to Miners
Paraguayan lawmakers suspended a proposed bill to ban Bitcoin mining as they weigh the economic value of redirecting excess energy from the Itaipu hydropower plant to crypto miners rather than exporting it to Brazil and Argentina. A public hearing scheduled... -
VanEck CEO Say SEC Will Probably Reject ether ETFs Application in May
On April 9, VanEck CEO Jan Van Eck expressed his doubt regarding the approval of the spot Ether exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) in May 2024, which is the deadline for their decision. VanEck... -
Crypto.com Secures VARA Full Operational License in Dubai to Cater for Institutional Investors
Crypto.com announced on April 9 that its Dubai-based entity, CRO DAX Middle East FZE, had obtained full operational service approval from the Virtual Assets Regulatory Authority (VARA), which allows the exchange to cater to institutional inventors in the Middle East... -
HaskKey Opens Global Exchange in Bermuda After Securing License
On April 8, the HashKey Group, a Hong Kong-based digital asset services firm, launched the HashKey Global exchange after securing a license in Bermuda to offer registered digital asset trading services. HashKey Global Exchange Targets 5 Years Plans to Surpass... -
SEC Seeks Nearly $2 Billion Fine from Ripple Labs in Ongoing XRP Lawsuit: Ripple CEO Criticizes Unprecedented Penalty
The U.S. Securities and Exchange Commission (SEC) wants Ripple Labs, the company behind the cryptocurrency XRP, to pay nearly $2 billion in fines. The SEC claims that Ripple violated securities laws by selling XRP without proper registration. If the judge... -
Arkon Energy’s Acquisition of 27,700 Bitcoin Mining Rigs from Bitmain: A Boost to Hashpower
Arkon Energy, a company based in Ohio, has purchased a large quantity of equipment (27,700 rigs) for mining Bitcoin. These rigs are from Bitmain, and their acquisition will significantly enhance the company's capacity to process Bitcoin transactions. This move is...
