Category Archive: Cryptocurrency, No picture
SEC Gensler reported to step down after Thanksgiving
Key Takeaways Gary Gensler is expected to step down as SEC Chair after Thanksgiving. Potential successors for the SEC chair position are being considered amid Trump’s upcoming inauguration. Share this article SEC Chair Gary Gensler is expected to step down voluntarily after Thanksgiving and depart in early January, ahead of Donald Trump’s inauguration, according to […]
Elon Musk rejected OpenAI’s ICO plan, lawsuit reveals
Key Takeaways Elon Musk rejected a proposal for an ICO by OpenAI co-founder Sam Altman in 2018. The lawsuit claims Musk was defrauded of donations and alleges OpenAI now controls 70% of the generative AI market. Share this article Elon Musk’s lawsuit against OpenAI has unveiled new details about the company’s early considerations for an […]
Bitcoin reserves on exchanges reach a 6-year low
Key Takeaways Bitcoin reserves on exchanges have dropped to 2.3 million, the lowest level since November 2018. Data from CoinGlass shows $2.7B in weekly outflows and $7.58B in monthly outflows as confidence in Bitcoin grows with ETFs now holding 1 million BTC. Share this article Bitcoin reserves on exchanges have fallen to their lowest level […]
New York anti-crypto stance softens as regulatory tide turns
Key Takeaways Manhattan federal prosecutors will reduce focus on crypto-related crimes after major convictions. Scott Hartman announced decreased focus on crypto cases by the Southern District of New York. Share this article Manhattan federal prosecutors will reduce their focus on crypto-related crimes following several major convictions, a senior prosecutor told Reuters today.Scott Hartman, co-chief of […]
Senator Lummis files ‘Bitcoin Act of 2024’ bill proposing a US strategic BTC reserve
Key Takeaways The Bitcoin Act of 2024 proposes a US Strategic Bitcoin Reserve to strengthen the dollar and maintain crypto leadership. The proposal includes acquiring 1 million Bitcoins over five years and using Federal Reserve remittances to fund the program. Share this article Senator Cynthia Lummis has introduced the Bitcoin Act of 2024, which is […]
Solana meme coin Litecoin Mascot soars to $120 million market cap in less than 48 hours of launch
Key Takeaways Litecoin Mascot (LESTER) reached a $90 million market cap within 48 hours of launch. LESTER secured exchange listings and saw a 700% price surge post-launch. Share this article A new Solana-based meme token, Litecoin Mascot (LESTER), just hit a $120 million market capitalization within 48 hours of its trading launch, according to data […]
Ripple’s XRP token soars 20% to $0.83 after SEC Chair Gary Gensler hints at resignation
Key Takeaways XRP surged 20% to reach $0.83 after Gary Gensler hinted at resignation. New SEC leadership could lead to lawsuit dismissals benefiting XRP and other tokens. Share this article XRP, Ripple’s native token, jumped approximately 20% to $0.83 after Gary Gensler hinted that he might step down as SEC Chairman during a speech on […]
Goldman Sachs holds $461 million in BlackRock’s IBIT, new filing reveals
Key Takeaways Goldman Sachs discloses an 83% boost in BlackRock Bitcoin ETF shares. The bank also expanded investments in other Bitcoin ETFs, including Fidelity’s Wise Origin and Grayscale’s Bitcoin Trust. Share this article Goldman Sachs has expanded its holdings in BlackRock’s iShares Bitcoin Trust (IBIT) to 12.7 million shares valued at $461 million, which represents […]
Bitwise files to convert its 10 Crypto Index Fund into an ETP
Key Takeaways Bitwise plans to convert its Bitwise 10 Crypto Index Fund into an exchange-traded product. The Bitwise 10 Crypto Index Fund includes major assets like Bitcoin, Ethereum, and Solana. Share this article Bitwise Asset Management announced that NYSE Arca has filed to list the Bitwise 10 Crypto Index Fund (BITW) as an exchange-traded product.The […]
18 US states file lawsuit against SEC for overregulating crypto
Key Takeaways 18 US states have filed a lawsuit against the SEC for overreach in crypto regulation. The lawsuit highlights state-level crypto regulatory frameworks and challenges federal authority. Share this article 18 US states have filed a lawsuit against the SEC and its commissioners, challenging what they describe as unconstitutional overreach in crypto industry regulation.The […]
