US Treasury Dept sanctions Suex OTC exchange for allegedly aiding transactions for ransomware attacks
The US Treasury Department has sanctioned the Czech Republic and Suex OTC, a Russian-based company, for allegedly allowing hackers to access cryptocurrencies supplied as payment for ransomware attacks. The Treasury Department’s Office of Foreign Assets Control, or OFAC, added Suex OTC to its list of Specially Designated Nationals for whose “assets are frozen and U.S. […]
Bloomberg commodity strategist predicts Bitcoin ETF approval in the US next month
Mike McGlone, a Bloomberg Intelligence commodity strategist, expects the US Securities and Exchange Commission (SEC) will approve the country’s first Bitcoin ETF next month. McGlone claimed that Canada is increasing a competitive edge over the US after licensing Bitcoin ETFs from 3iQ and Coinshares in April in an interview with Stansberry Investor host Daniela Cambone […]
Pundits weigh in on the potential implications of Evergrande ‘s bankruptcy
When it comes to the possibility of Chinese real estate behemoth Evergrande defaulting on its $305 billion in debt, pundits are speculating on how the firm’s insolvency would affect the legacy and cryptocurrency markets, respectively. When it comes to Bitcoin mining, Marty Bent , the co-founder of Bitcoin mining firm Great American Mining, is delighted […]
Study shows Bitcoin mining is estimated to represent 0.9% of global carbon emissions in 2030
New York Digital Investment Group (NYDIG) estimates that Bitcoin’s energy consumption will remain below 0.5 % of global carbon emissions over the next decade. This month, NYDIG released its ‘Bitcoin Net Zero’ research paper , which found that, despite rising prices, Bitcoin’s energy usage and carbon emissions will not soar in the next years. The […]
CFTC commissioner says the agency does not have enough resources to regulate crypto
“If Congress decides that our jurisdiction should be expanded to include the cash market in some way, we’ll need a lot more resources to accomplish it,” Berkovitz says. Berkovitz said the Commodity Futures Trading Commission or CFTC, enforcement efforts in the crypto industry have been “tough,” citing a $100 million civil monetary penalty against derivatives […]