Year: 2024

In a letter dated March 11 addressed to United States Securities and Exchange Commission (SEC) Chair Gary Gensler, Democratic Senators Laphonza Butler (D-CA) and Jack Reed (D-RI) are urging for stringent restrictions on the approval of cryptocurrency-based ETFs. Cryptocurrency ETFs present a risk to the American populace. In their letter, Senators Butler and Reed assert…

The Securities and Futures Commission (SFC) of Hong Kong has issued a warning regarding the illicit activities of the cryptocurrency exchange MEXC, which is in violation of current regulations in Hong Kong and operates without the necessary license. In a press release issued on Friday, the SFC highlighted that MEXC has been actively promoting its…

in brief The UK’s financial regulator permits professional investors to trade crypto ETNs, while retail investors remain excluded. The industry applauds the decision but stresses the importance of expanding access to crypto assets in the UK market. The FCA upholds a prohibition on offering crypto ETNs to retail investors, citing significant risks in the crypto…

This week, President Nayib Bukele disclosed in a March 14 X post that El Salvador has transferred more than 5,000 bitcoins, valued at over $400 million, into a cold wallet. The undisclosed Bitcoin reserves of El Salvador: Over $400 million secured in cold storage. We've decided to transfer a big chunk of our #Bitcoin to…

Speculations are ablaze within the cryptocurrency community regarding the potential involvement of the state of Qatar in a substantial, possibly multibillion-dollar, Bitcoin (BTC) investment in the near future. According to at least one source, it’s suggested that the Middle Eastern nation may have already initiated this venture by purchasing 50,000 BTC through a series of…

summary In the midst of ongoing discourse surrounding XRP’s lackluster performance within the dynamic cryptocurrency landscape, a prominent and enigmatic figure known within the community as “Mr. Huber” has thrust forth compelling allegations, reigniting fervent debate and speculation. This luminary, renowned for his keen insights and deep understanding of crypto market mechanics, has once again…

In the tumultuous arena of cryptocurrency, the past 24 hours have witnessed a seismic shift, sending shockwaves rippling through the market landscape. A staggering decline of over 6 percent has struck the cryptocurrency market capitalization, slashing its valuation to a modest $2.7 trillion. At the epicenter of this cataclysmic event stands Bitcoin (BTC), the undisputed…