The US Attorney’s Office in Manhattan will scale back its focus on crypto crimes following a series of high-profile convictions, including the recent case against FTX founder Sam Bankman-Fried Scott Hartman, co-chief of the securities and commodities task force for the Southern District of New York (SDNY), confirmed the shift on Nov. 15 during a […]
The Hong Kong Monetary Authority (HKMA) has cautioned the public to remain vigilant against foreign crypto firms falsely presenting themselves as banks, according to a Nov. 15 notice. The regulator revealed that some overseas crypto firms are portraying themselves as banks to gain the trust of Hong Kong users. Many of these entities operate without […]
Bitcoin Magazine CEO David Bailey has suggested that President-elect Donald Trump could elevate Bitcoin to the status of a “strategic reserve asset” without requiring approval from Congress. In a Nov. 15 statement on X, Bailey suggested that the President could use executive authority to initiate a national Bitcoin reserve. According to unnamed experts he cited, […]
Attorney Generals of 18 US states have filed a joint lawsuit against the Securities and Exchange Commission (SEC), its Commissioners, and Chair Gary Gensler. The lawsuit accuses the agency of overstepping its constitutional authority by pursuing aggressive regulatory actions against the crypto industry. It further seeks declaratory and injunctive relief to curb what they describe […]
Satoshi Nakamoto’s Bitcoin holdings have surpassed $100 billion, placing the anonymous creator among the world’s top 20 wealthiest individuals if they are still alive and a single person. According to data from Timechainindex, the Patoshi wallets, associated with early Bitcoin mining from 2009 to 2010, are likely to be Satoshi and contain over 1.12 million […]
BlackRock’s iShares Bitcoin Trust (IBIT) has secured the third-highest year-to-date inflows among US ETFs in 2024, attracting $26.174 billion. With a year-to-date return of 48.52% and assets under management reaching $30.1 billion, IBIT has outperformed many traditional ETFs in both inflows and performance. Further, IBIT’s YTD return is almost double the next highest from any […]
Following a meeting on Nov. 7, the Fed’s Federal Open Market Committee (FOMC) cut the US interest rate by another 25 basis points (bps), lowering it to 4.5% from 4.75%. The crypto and equities markets remained unfazed, as investors likely already priced the cut. According to CryptoSlate data, Bitcoin (BTC) has been up 1% over […]
US Space Force Major and author of “Softwar,” Jason Lowery, calls on the United States to reassess Bitcoin’s role with a US Bitcoin National Defense policy proposal. He contends that Bitcoin represents a strategic tool for national defense by using physical power to secure cyberspace, emphasizing its significance beyond a mere financial asset. Lowery shared […]
Solana’s momentum has surged in the past 24 hours, with its price climbing 11% to reach $185, outpacing all other top 10 digital assets by market capitalization. This price movement follows a broader market trend influenced by President Donald Trump’s election victory. One of the significant drivers behind Solana’s growth is the increasing DeFi activity […]
The 2024 US presidential election has brought a new wave of optimism for the cryptocurrency industry, with former President Donald Trump re-elected as the 47th president. Known for his support of Bitcoin and blockchain innovation, Trump gained significant backing from the crypto community during his campaign by making substantial promises to bolster the sector. Promises […]