Category Archive: Cryptocurrency, No picture
SEC Chairman Gensler weighs in on approving more token ETFs
SEC’s Chairman Gary Gensler was questioned today on CNBC’s Squawk on the Street about the possible approval of exchange-traded funds (ETF) indexed to tokens such as Osmosis (OSMO) and Bonk (BONK) in the US. Jim Cramer, one of the show’s hosts, highlighted how multiple tokens registered millions in trading volume “this very morning,” and questioned […]
DMM Bitcoin announces compensation strategy for hack victims
Japanese crypto exchange DMM Bitcoin has announced its plan to pay back victims of a recent unauthorized leak of 4,502.9 BTC, worth approximately $305.1 million at the time of the theft. The company has secured funding through a loan and plans to raise additional capital to ensure full reimbursement for affected customers. In a translated […]
Vitalik Buterin critiques celebrity memecoin trend, outlines criteria for respectable projects
Ethereum co-founder Vitalik Buterin has expressed his dissatisfaction with the recent surge of celebrity memecoin releases.Buterin argued that the goal of a project should be to provide value to society and leave participants feeling satisfied and happy to have been involved, even if the tokens eventually become worthless. Buterin’s comments came in response to a […]
Crypto startups secure $777 million from VC funds in May
Crypto startups captured $777 million in investments from venture capital (VC) funds in May, according to data aggregator DefiLlama. This is a 17% slide from the total amount netted in April, and the second consecutive month of VC capital slowing down.Projects focused on building blockchain infrastructure received $630 million last month, representing 81% of the […]
Crypto firms targeted in potential email vendor breach, warns Tether CEO
Tether CEO Paolo Ardoino has issued a warning that a prominent email newsletter vendor used by crypto companies may have been compromised in what could possibly be a supply chain attack against the crypto industry.Ardoino shared this information on X (formerly Twitter), suggesting that the incident could be a supply chain attack targeting the crypto […]
Tether announces $18.75M investment in XREX Group to boost crypto adoption and financial inclusion
Tether, the digital asset industry’s leading company, has made a strategic $18.75M investment in XREX Group, a blockchain-enabled financial institution, according to the company’s press release published today. The latest funding is part of Tether’s ongoing efforts to promote crypto adoption and financial inclusion globally.The investment is set to revolutionize USDT-based cross-border payments in emerging […]
Upcoming House budget bill could restrict SEC’s funding for SAB 121
The House Appropriations Subcommittee on Financial Services and General Government, scheduled for 8:30 AM ET today, could prohibit the US Securities and Exchange Commission (SEC) from using allocated funds to implement SAB 121 and its climate disclosure rule, according to FOX Business journalist Eleanor Terrett.A policy rider that specifically prevents the SEC from using allocated […]
Bitcoin eyes all-time high with 4% gap as ETFs attract massive inflows
Bitcoin’s price soared to $71,200 on Tuesday, only 4% away from its all-time high of $73,700 established earlier in March, according to data from TradingView. The rally comes on the heels of massive inflows into US spot Bitcoin exchange-traded funds (ETFs).Data from HODL15Capital shows that US Bitcoin funds collectively witnessed $887 million in net inflows, […]
SEC to shut down Salt Lake Regional Office following DEBT Box sanctions fiasco
The US Securities and Exchange Commission (SEC) will shut down its Salt Lake Regional Office (SLRO), according to the agency’s announcement on Tuesday. The closure is planned for later this year and will reduce the total number of SEC regional offices from 11 to 10.The SEC claims the SLRO “has long been the SEC’s smallest […]
CleanSpark mined 417 Bitcoin in May, now holds 6,154 BTC
Leading Bitcoin miner CleanSpark has revealed its May Bitcoin mining update. According to a press release published on Tuesday, the company mined 417 Bitcoin (BTC) last month, bringing its total holdings to 6,154 BTC.CleanSpark sold 2.43 BTC in May at an average price of around $59,000, with daily mining averaging 13.45 BTC and peaking at […]
