US House Rep. Approves New Crypto Bill to Combat Illicit Finance
The US House passed a new crypto bill to combat illicit finance, creating a government working group and promoting public-private partnerships. A new crypto legislation has been enacted by the US House of Representatives, this time to combat its use for illicit finance. The bipartisan financial services would establish a government working group measure to […]
Ripple Targets Leadership in Digital Asset Infrastructure
Ripple aims to modernize financial systems with advanced digital asset tools and the XRP Ledger, focusing on secure and compliant DeFi solutions. Monica Long, the president of Ripple, recently published a blog post that delineated the company’s approach to modernizing conventional financial systems by incorporating sophisticated digital asset tools. She underscored Ripple’s dedication to providing […]
Swan Bitcoin Cancels IPO, Shuts Down Mining Unit
Swan Bitcoin cancels IPO plans, shuts down mining unit, and scales back spending with staff reductions. Swan, a Bitcoin investment corporation Bitcoin has decided to discontinue its managed mining operations and has ceased its intentions to go public in the near future. CEO Cory Klippsten announced in an X post on Monday that the company […]
Forcount Crypto Scheme Promoters Plead Guilty to Wire Fraud
Two individuals have pleaded guilty to wire fraud conspiracy for their roles in the Forcount cryptocurrency Ponzi scheme, which defrauded $8.4 million from investors. Antonia Perez Hernandez and Nestor Nunez entered a guilty plea to conspiracy to commit wire fraud in connection with the Forcount scheme during a hearing on July 22 at the United […]
SEC Approves US Ethereum ETFs for Launch Today
The SEC has approved Ethereum ETFs from multiple firms, allowing them to start trading in the US. The day has finally arrived: Ethereum ETFs have been officially authorized for trading in the United States. The US Securities and Exchange Commission (SEC) has permitted registration forms from 21Shares, Bitwise, BlackRock, Fidelity, Franklin Templeton, VanEck, and Invesco […]