The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into the Australian crypto-gaming firm Immutable. The company announced on March 26 that the regulator will not take any enforcement action against Immutable, the IMX Ecosystem Foundation, or its CEO James Ferguson. Immutable first revealed in October that
Spot Bitcoin exchange-traded funds (ETFs) recorded a seven-day inflow streak, signaling a potential shift in market sentiment. On Monday, U.S. spot Bitcoin ETFs saw net inflows of $84.17 million, extending their positive momentum. This marks the longest streak of consecutive inflows since January 24. Bitcoin ETF Inflows Continue According to
The U.S. Securities and Exchange Commission (SEC) has clarified that proof-of-work (PoW) crypto mining does not trigger securities laws. In a staff statement published on March 20, the SEC’s Division of Corporation Finance confirmed that mining activities, whether solo or in pools are not investment contracts under the Howey Test.
U.S. authorities have dismissed charges against Nader Al-Naji, the founder of the decentralized social network BitClout. Court documents show that the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) withdrew their fraud complaints against him in late February. Last year, federal prosecutors accused Al-Naji of wire fraud,
A U.S. bankruptcy court has approved liquidators of defunct hedge fund Three Arrows Capital (3AC) to expand their claim against FTX to $1.53 billion. The ruling, issued by Judge John T. Dorsey of the U.S. Bankruptcy Court for the District of Delaware, dismissed objections from FTX’s debtors and allows 3AC
The White House has confirmed the creation of a Strategic Bitcoin Reserve, a move outlined in an executive order signed by President Donald Trump. This initiative comes just one day before the administration’s first-ever crypto summit. The order directs the Treasury Department to establish an office managing the reserve, which
Bybit hackers have resumed laundering stolen funds. On March 2, they moved another 62,200 ETH, worth $138 million. This marks a significant increase in laundering activity. Of the 499,000 ETH stolen on February 21, only 156,000 ETH remains unprocessed. Analysts predict the remaining funds will be cleared within three days.
A US judge has dismissed the Securities and Exchange Commission’s (SEC) fraud lawsuit against Hex founder Richard Heart. The judge ruled that the US lacked jurisdiction over the case. On February 28, US District Judge Carol Bagley Amon dismissed the SEC’s claims against Heart. The regulator accused him of raising
U.S. spot Bitcoin exchange-traded funds (ETFs) faced a significant setback on February 25, reporting their largest-ever daily net outflow of approximately $938 million. This downturn follows a broader crypto market rout that has seen Bitcoin’s price falter, trading below the crucial $90,000 mark. In total, the 11 Bitcoin funds experienced
Ross Ulbricht, the recently pardoned founder of Silk Road, is now advocating for clemency for Roger Ver, also known as “Bitcoin Jesus.” Ver was arrested in Spain in April 2024 on U.S. charges of tax evasion, fraud, and filing false tax returns. He faces a potential 109-year prison sentence if
