Ark Invest Buys $20M Worth of Block Shares Amid Crypto Lawsuits
Cathie Wood’s Ark Invest has purchased around $20 million worth of Block shares, formerly Square, as the firm remains bullish on Bitcoin and Coinbase despite SEC lawsuits. Read more Cathie Wood of Ark Invest has added more Block shares to its portfolio, signaling its confidence in the crypto-friendly technology company. According to data provided by […]
IOG Defends ADA Against SEC’s Security Claims
IOG, the development company behind Cardano, has rejected the SEC’s allegations that ADA is a security under U.S. laws. The company has stated that the SEC’s lawsuits against Binance and Coinbase, which listed ADA among other tokens, contained factual inaccuracies and did not affect its operations. IOG also emphasized its commitment to collaborating with regulators […]
CBA Joins Westpac in Restricting Crypto Payments
CBA, Australia’s largest bank, has announced new measures to limit crypto exchange payments a month after Westpac’s made a similar move. The bank cites the risk of scams and misleading ads as the main reasons for the restrictions. New Crypto Payment Measures Commonwealth Bank of Australia (CBA) announced on Thursday that it would introduce new […]
EU Consumer Group Urges Social Media Platforms to Ban Crypto Ads
BEUC, a European consumer organization, has filed a complaint with the EU and national authorities against Instagram, YouTube, TikTok, and Twitter for allowing misleading crypto ads on their platforms. The group says the ads expose consumers to high financial loss risks and violate consumer laws. BEUC, representing 45 consumer associations from 32 European countries, has […]
Dogecoin Hits Five Million Wallets Amid Regulatory Woes
Dogecoin, the original meme coin, has surpassed five million wallet addresses, attesting to its robust community and popularity. The meme coin remains unfazed despite the crypto industry confronting legal challenges from regulators. Dogecoin’s community has driven its adoption and awareness through social media campaigns, charitable donations, and celebrity endorsements. As of December 2021, according to Dogechain, […]