Tornado Cash dev’s bid to dismiss charges falls out, NY judge sets trial on December
Sep 26, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Roman Storm faces up to 45 years if convicted on all charges. Tornado Cash allegedly laundered over $1 billion, including funds from North Korea. Share this article A US federal judge has denied Tornado Cash developer Roman Storm’s attempt to dismiss money laundering and sanctions evasion charges, paving the way for a trial […]
TRON DAO unites with global community at TOKEN2049 Singapore
Sep 26, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways TRON DAO emphasized blockchain security at TOKEN2049 as a Title Sponsor. The conference highlighted Asia’s significant role in blockchain innovation. Share this article Geneva, Switzerland – September 26, 2024 – TRON DAO united with the global blockchain community as a Title Sponsor at TOKEN2049 Singapore, the world’s largest Web3 conference, held at the […]
Gensler suggests BNY Mellon’s crypto custody model could expand beyond Bitcoin and Ether ETFs
Sep 26, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Gensler suggests BNY Mellon’s crypto custody model could apply to various digital assets. The crypto custody market is growing rapidly, with banks poised to benefit from secure, regulated services. Share this article In comments to Bloomberg today, SEC Chair Gary Gensler discussed BNY Mellon’s crypto custody structure. He suggested that the model used […]
Gensler’s exchange rule proposal sparks concerns for DeFi and crypto platforms
Sep 26, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Gensler calls for updated exchange rules to cover evolving digital asset platforms. Crypto industry fears SEC’s proposal may burden DeFi platforms with compliance. Share this article In his address today at the US Treasury Market Conference, SEC Chair Gary Gensler reiterated the importance of regulatory changes to the definition of “exchange” and alternative […]
Bitcoin eyes new high as China joins Fed with pandemic-level stimulus
Sep 26, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways China’s $140 billion stimulus could drive Bitcoin to surpass $70,000. Bitcoin’s technical breakout suggests a potential rally to new all-time highs. Share this article Bitcoin appears positioned for a potential rally following China’s recent announcement of a pandemic-level stimulus package. This development, alongside recent interest rate cuts by the US Federal Reserve, has […]
Ethena debuts UStb stablecoin backed by BlackRock to complement USDe
Sep 26, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Ethena Labs’ new UStb stablecoin is fully backed by BlackRock’s BUIDL fund. The ENA governance token surged 14% following the UStb announcement. Share this article Ethena Labs, the startup behind the synthetic USDe dollar, has announced a new stablecoin called UStb that will be fully backed by BlackRock’s on-chain BUIDL fund. The move […]
Revolut explores stablecoin launch while Robinhood rules out immediate plans
Sep 26, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Revolut is considering a stablecoin launch but has not made a final decision. Robinhood has no immediate plans to enter the stablecoin market. Share this article Revolut is considering launching its own stablecoin as part of its growing crypto product suite, according to a Bloomberg report. The fintech giant is reportedly evaluating its […]
Bitcoin breaks $65,000 level as US economy grows 3%
Sep 26, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Bitcoin’s value surged past $65,000 following a 3% US GDP growth report. Improvements in the US job market correlate with increases in Bitcoin prices. Share this article Bitcoin broke the $65,000 level, hitting a monthly high, after the US GDP growth rose to 3% from 1.6% last quarter, according to the BEA.In addition, […]
SEC chair Gensler reaffirms Bitcoin is not a security
Sep 26, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways SEC Chair Gary Gensler reaffirmed Bitcoin’s status as not a security. Gensler emphasized the need for strict regulations and trust for broader crypto acceptance. Share this article In a CNBC appearance today, SEC Chair Gary Gensler reaffirmed that Bitcoin is not classified as a security under SEC guidelines. Gensler pointed to the fact […]
Leveraged and short MicroStrategy ETPs debut in Europe
Sep 26, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Leverage Shares launches 3x leveraged and inverse MicroStrategy ETPs on London Stock Exchange. MicroStrategy holds 252,220 BTC, representing 1.2% of Bitcoin’s total supply. Share this article Exchange-traded product (ETP) company Leverage Shares announced the launch of a MicroStrategy ETP leveraged three times and an inverse ETP on the London Stock Exchange. One of […]