SEC plans to pursue crypto firms acting as “qualified custodians”
The Securities and Exchange Commission (SEC) of the United States is allegedly set to propose new regulatory changes this week that may affect what services crypto businesses can offer their clients. According to a Feb. 14 Bloomberg story citing “people familiar with the matter,” the securities regulator is working on a draft proposal that would […]
CEO of EminiFX admits involvement in $248M scam
The CEO of the alleged cryptocurrency trading platform EminiFX could spend up to 10 years in prison for his involvement in the scam. In a New York district court, Eddy Alexandre, the CEO of alleged cryptocurrency trading platform EminiFX, pled guilty to commodities fraud and agreed to repay millions of dollars to clients who lost […]
Wormhole hacker transfers additional $46M in stolen funds
A new $46 million in stolen funds has just been transferred out of the Wormhole hacker’s wallet, according to on-chain statistics, which indicates that the stolen cryptocurrency from one of the biggest industry exploits is in motion once more. Wormhole’s token bridge was exploited in February 2022, leading to the third-largest cryptocurrency breach of the […]
Vitalik Buterin contributes $227k to aid Turkey’s earthquake victims
Two Turkish earthquake relief organizations received about $227,000 in ETH from the co-founder of Ethereum, Vitalik Buterin. At least two significant donations from Ethereum co-founder Vitalik Buterin have already been made to aid those harmed by last week’s deadly earthquakes in Turkey and Syria. On February 6, a 7.8 magnitude earthquake in Turkey and Syria […]
Tether overtakes Bitcoin as most traded cryptocurrency in January
Tether trade volume increased from $603.6 billion to $977.1 billion between December 2022 and January 2023, representing a 61% increase. According to a study that Bitcoin Casinos carried out, Tether is presently the cryptocurrency that is being traded the most around the world. Its value has increased by 61% in the past month. Following the […]