In a complaint launched by the U.S SEC over the Gemini Earn program, a U.S. district court dismissed petitions by crypto lender Genesis and crypto exchange Gemini to dismiss the case. The SEC “plausibly alleged” that Genesis Global Capital, LLC and Gemini Trust Company, LLC marketed and sold unregistered securities,
The recently launched decentralized physical infrastructure network (DePIN) io.net is planning to include Apple silicon chip technology into its artificial intelligence (AI) and machine learning (ML) offerings. Using GPU processing power from dispersed data centers, cryptocurrency miners, and decentralized storage providers, Io.net’s Solana-based decentralized network powers machine learning and artificial intelligence
Lawmakers in the European Union (EU) have passed new regulations to severely punish anyone who violates sanctions, including when it comes to cryptocurrency. The European Parliament (MEPs) passed fresh sanctions against travel bans, weapons embargoes, limitations on industries, and the freezing of assets (including cryptocurrency and wallets) on Tuesday. According
The U.S CFTC is expected to propose additional regulatory measures for the predictions market. The goal of these safeguards is to reduce potential dangers and biases in vertically integrated models. Particularly in the crypto industry, models of such systems that allow enterprises to manage several levels of their supply chain
A European digital asset investment business, CoinShares, recently concluded acquiring Valkyrie Funds. As part of the deal, CoinShares now gets the sponsor rights to Valkyrie Funds’ spot Bitcoin ETFs. According to CoinShares’ announcement on March 12, the acquisition includes the firm’s financial advising company, Valkyrie Investments, as well as the
Prominent Ethereum-based crypto wallet MetaMask is reportedly working with Mastercard to test an all-on-chain payment card. The advertising materials state that this Baanx-issued payment card will be compatible with Mastercard’s extensive network. A possible partnership between MetaMask and Mastercard would unite two behemoths in the business world. With more than
In a press release on Monday, the Financial Conduct Authority (FCA) of the United Kingdom confirmed that it will not oppose efforts by Recognised Investment Exchanges (RIEs) to establish a listed market segment for crypto asset-backed exchange-traded notes (ETNs). This move further confirms the growing institutionalization of crypto markets. Professional
Aims to launch spot Ethereum and Bitcoin ETFs were spurred by the growing cryptocurrency sector and the recent regulatory green light in Hong Kong. As applications for spot Bitcoin ETFs are coming in fast, there have been reports that Hong Kong might launch spot Ethereum ETFs before the U.S. Ten
Decentralized autonomous organizations (DAOs) now have a legal framework thanks to a measure signed into law by Wyoming Governor Mark Gordon. Furthermore, the Select Committee on Blockchain, Financial Technology and Digital Innovation Technology of the legislature supported the law, which establishes a formal framework for decentralized unincorporated non-profit organizations (DUNAs)
U.S. investment losses in 2023 were mostly attributable to crypto-related investment fraud, according to the Federal Bureau of Investigation (FBI). Investment losses associated with cryptocurrency jumped 53% from $2.57 billion in 2022 to about $3.94 billion in 2023, according to a new report from the FBI. At the same time,
