As the holiday cheer continues, crypto prices also continue to fall. The market shows signs of struggle against the bears. Meanwhile, Solana’s co-founder Stephen Akridge was accustomed to a lawsuit from his ex-wife who alleged that he stole millions of dollars from her SOL staking. Apart from this, there has
Israel is set to debut six Bitcoin mutual funds on December 31, marking a milestone for local crypto investment. The Israel Securities Authority (ISA) approved the funds last week, following years of requests from asset managers. The mutual funds will be managed by six firms: Migdal Capital Markets, Phoenix Investment,
Interpol has issued a Red Notice for Richard Schueler, the founder of Hex, over allegations of tax fraud and assault. A Red Notice is a global request for law enforcement to locate and provisionally arrest someone, although it is not the same as an international arrest warrant. Finnish authorities are
The U.S. Securities and Exchange Commission (SEC) has fined Tai Mo Shan Ltd., a subsidiary of Jump Crypto, $123 million for misleading investors about TerraUSD’s stability. TerraUSD, an algorithmic stablecoin issued by Terraform Labs, collapsed in May 2022, wiping out $40 billion in investor assets. Tai Mo Shan’s actions during
The Nexo 7RCC Spot Bitcoin and Carbon Credit Futures ETF is set to launch soon, following its S-1 amendment submission. Nate Geraci, President of The ETF Store, announced the development on December 21 via social media. This innovative ETF combines 80% Bitcoin and 20% carbon credit futures. It aims to
The global crypto market has seen many developments and twists in 2024 from Bitcoin ETF approval to Bitcoin’s long-awaited target of $100K achievement. In this article we will explore the significant event which has poured more excitement in the market boom. January: The SEC Approves Bitcoin ETFs The U.S. SEC
The United States Securities and Exchange Commission (SEC) has approved two groundbreaking crypto exchange-traded funds (ETFs). These include the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF. The decision marks the first time ETFs combining spot Bitcoin and Ethereum have received regulatory clearance. SEC has *approved*
Digital Chamber Urges SEC to Rethink The Digital Chamber, a prominent crypto advocacy group, urges the U.S. Securities. Exchange Commission (SEC) to reconsider its ongoing crypto-related investigations, Wells notices, and lawsuits from the first day of the incoming Trump administration. This call is part of a strategy to repair the
CyberKongz, a prominent NFT project, has announced that it has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), signaling potential enforcement action. The project expressed disappointment in the SEC’s stance, arguing that the regulator’s misunderstanding of blockchain technology has led to unfair accusations. CyberKongz has received
Elon Musk, the tech billionaire and owner of X (formerly Twitter), has found himself in the U.S. Securities and Exchange Commission (SEC) crosshairs. The agency, led by Chair Gary Gensler, has issued Musk a settlement demand, “warning of potential enforcement actions unless he agrees to a deal within 48 hours.”
