Cryptocurrency regulation is necessary to reduce financial crimes, particularly money laundering, says Adedeji Owonibi, Co-founder of A&D Forensics, a blockchain intelligence service provider in Nigeria. At a Blockchain and Digital Forensics firm’s training for crypto compliance professionals on February 9th, Owonibi brought this up. He brought out the fact that
Nine newly launched spot Bitcoin ETFs have accumulated more Bitcoins than MicroStrategy, the leading corporate investor in the cryptocurrency. The ETFs, which were approved by the US Securities and Exchange Commission (SEC) on January 10, 2024, have bought 216,309 Bitcoins, worth $10.3 billion, in just 20 days. HODL15Capital, a self-styled
At long last, the spot Bitcoin ETF that ARK Invest and 21Shares launched has entered the ranks of products with $1 billion in AUM. More than $1 billion worth of Bitcoin was recorded in 21Shares’ ARKB, its joint spot Bitcoin ETF with ARK Invest, as of February 9, according to
Robert Kiyosaki, a famous author and financial expert, has delivered a dire warning about the current status of the United States empire. He brought attention to the mounting national debt and said that Bitcoin (BTC), together with gold and silver, may be the solution. The investor went on to say
SEC Chair Gary Gensler has requested a record-breaking $2.4 billion in funding for the agency. With this money, Gensler plans to add 170 jobs to the agency’s workforce, with a focus on the crypto and cyber divisions. Moreover, in the midst of this ambitious initiative, there have been indications of
According to Bloomberg Intelligence’s analysis, financial asset management company Grayscale Investments’ spot Bitcoin ETF product is experiencing a resurgence of bearish outlook. Evidence suggests that Grayscale’s GBTC outflows have resumed, reaching a new high of $101.6 million. The spot Bitcoin ETF had two consecutive days of outflows below $100 million,
Bitcoin enthusiasts were treated to an electrifying start to the weekend as the leading cryptocurrency surged above the $46,000 mark, breaking a month-long lull. The excitement peaked when Bitcoin reached an impressive high of $46,318. However, the elation was short-lived as the price experienced a swift correction, dropping to $45,885
In one of three national risk evaluation reports released on Wednesday, the U.S. Treasury Department said that virtual assets are becoming more popular with criminals, fraudsters, and illicit players. Highlighting illicit financing challenges, vulnerabilities, and hazards in the U.S., the agency issued its 2024 National Risk Assessments on Money Laundering,
Launched with backing from the Intercontinental Exchange (ICE), crypto firm Bakkt has now issued a warning that it may not have sufficient funds to be operational for the next twelve months. Bakkt cautioned that it could “not be able to continue as a going concern” in a section on risk
On February 6, the U.S SEC established new regulations that would expand its registration requirements, encourage more market players to become members of a self-regulatory group, and ensure compliance with federal securities laws and regulations. Crypto and decentralized finance (DeFi) may be subject to further regulation under the new laws.
