Crypto News
Circle Launches MiCA-Compliant USDC and EURC Stablecoins in Europe
Stablecoin issuer Circle has announced its compliance with the European Union's Markets in Crypto-Assets (MiCA) regulations. According to Circle CEO Jeremy Allaire, this move positions Circle as the first global stablecoin issuer to adhere to the new EU stablecoin laws. Key points: Circle is now authorized as an e-money issuer by the ACPR in France.......
Sony Ventures into Crypto Realm with Potential Exchange Relaunch
The technology and entertainment conglomerate Sony is gearing up to launch its own crypto exchange. This development comes as the company revamps WhaleFin, a crypto exchange it acquired last year. Sony is transforming it into a new entity called S.BLOX Co. Key points: Sony's subsidiary, Quetta Web Co. acquired WhaleFin in August 2023. The rebranded......
SEC Charges ConsenSys Over Unregistered Crypto Brokerage and Securities Offerings
The SEC has filed a lawsuit against ConsenSys, the company behind the popular MetaMask wallet. The commission alleges that ConsenSys operated as an unregistered broker and engaged in the unregistered offer and sale of securities through its MetaMask Swaps and Staking services. Key points: SEC claims ConsenSys collected over $250 million in fees from unregistered......
Kraken Co-Founder Jesse Powell Makes $1M Crypto Donation to Trump
Crypto exchange Kraken co-founder Jesse Powell has announced a substantial donation to Donald Trump's presidential campaign. Powell mentioned in his tweet that he made the $1 million donation primarily in Ethereum (ETH). Key points: Jesse Powell donates $1 million in crypto to Donald Trump's campaign. The donation is largely in Ethereum (ETH). Powell cites regulatory......
Crypto Industry Lost $572 Million to Hacks in Q2 2024: Immunefi
The crypto industry faced a storm of security breaches and hacks in the second quarter of 2024. The fleet of events resulted in a whopping $572.7 million in losses. The details were released by blockchain security firm Immunefi in its Q2 report. Key findings from the Immunefi report: Total losses reached $572,688,861 across 72 incidents......
Coinbase Takes Legal Action Against SEC and FDIC
Coinbase CLO Paul Grewal has announced the filing of lawsuits against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). Grewal mentioned in his tweet that these legal actions were initiated under the Freedom of Information Act (FOIA). The company seeks to compel the agencies to release crucial information that could......
US Govt Moves $240M Worth of Silk Road Bitcoin to Coinbase: BTC Price Reacts
According to the latest on-chain data, the United States government has transferred 3,940 Bitcoin ($240 million) linked to Silk Road to Coinbase Prime. The move also represents one of the largest Bitcoin transactions by a government, following the BTC movement by German authorities. Key points: 3,940 BTC ($240 million) moved from US government wallets to......
Ripple CEO Says Biden Will Lose Election Because of SEC’s Gensler
In his interview on Bloomberg Live, SEC Chair Gary Gensler took another jab at the crypto industry. Gensler's recent statement pushed the Ripple CEO to speak about Gensler and his actions against the crypto industry. Key points from Gensler's statement: Thousands of tokens are being offered as investment contracts without proper disclosure. Intermediaries like exchanges......
Robert Kiyosaki Shares His Bitcoin Strategy Amid the Dip
Robert Kiyosaki, the author of "Rich Dad Poor Dad," has once again shared his insights on Bitcoin investment strategies. In his latest tweet, Kiyosaki spoke about the recent Bitcoin crash and what he is doing during this dip. Key points: Kiyosaki views market crashes as buying opportunities He advocates for a "buy and hold" strategy......
German Authorities Move Millions in Bitcoin to Kraken and Coinbase: BTC Stays Steady
According to the latest data from Arkham Intelligence, the wallet belonging to the German Government (BKA) has moved over $54 million worth of Bitcoin. Key points: German government wallet moved 900 BTC in three separate transactions on June 25. 200 BTC sent to Coinbase, 200 BTC to Kraken, and 500 BTC to an unknown wallet......
Mt. Gox to Start Bitcoin and Bitcoin Cash Repayments in July
Mt. Gox rehabilitation trustee Nobuaki Kobayashi has announced that repayments in Bitcoin and Bitcoin Cash to creditors will begin in July 2024. The latest announcement has given a sigh of relief to thousands of investors who lost their money in the exchange hack. https://twitter.com/MilkRoadDaily/status/1805165863416250553 Key points: Repayments in Bitcoin and Bitcoin Cash will begin in......
U.S. Lawmakers Urge Nigeria To Drop Charges Against Binance Executive
United States lawmakers French Hill and Chrissy Houlahan recently paid a visit to the detained Binance executive in Nigeria. In one of his recent tweets, Hill underscored the pathetic condition that Tigran Gambaryan is going through in the Nigerian prison. https://twitter.com/RepFrenchHill/status/1803898800966091087 The drama between Binance and the Nigerian government has been going on for a......
MicroStrategy Acquires 11,931 Bitcoin For $786M, Holds 226,331 BTC
MicroStrategy has made another Bitcoin purchase amidst the slumping market conditions. According to a tweet by the company’s former CEO, Michael Saylor, MicroStrategy has acquired 11,931 BTC for approximately $786 million. As per the details, the company used proceeds from convertible notes and excess cash for the purchase. The average purchase price for this latest stash stands......
India Slaps Binance with $2.2 Million Fine Over AML Violations
Binance has been slapped with a fine of approximately $2.2 million (18.82 crore INR) by India's anti-money laundering unit. The fine is for providing services to Indian clients without complying with the country's anti-money laundering (AML) regulations. The announcement was made by the Financial Intelligence Unit (FIU) on Thursday. The penalty comes after Binance and......
CertiK Claims Responsibility for Identifying Kraken’s Critical Bug, Sparking Controversy
Crypto exchange Kraken announced that it faced a critical security vulnerability a few days ago. According to the details, the vulnerability allowed attackers to artificially inflate their account balances without even making deposits. https://twitter.com/MilkRoadDaily/status/1803459698185679063 The issue was initially brought to light through the exchange's Bug Bounty program. According to Nick Percoco, Kraken's Chief Security Officer,......
SEC Closes Investigation into Ethereum, ConsenSys Declares Major Win
In a major development for the Ethereum ecosystem, ConsenSys has announced that the Enforcement Division of the U.S. SEC has ended its investigation into Ethereum 2.0. Now that the investigation is closed, the SEC will not bring charges alleging that sales of ETH are securities transactions. Key points: The SEC's Enforcement Division has notified ConsenSys......
41% of ZKsync Airdrop Recipients Sell Entire ZK Allocation: Report
The much-awaited airdrop of ZKsync's native token, ZK, has seen a large number of recipients sell their tokens within just 24 hours of the token's launch. According to data from blockchain analytics firm Nansen, nearly 41% of the top 10,000 addresses that received the ZK token have completely sold their airdrop allocation. The data also......
Chinese Bank Executives Involved in $248 Million Crypto Money Laundering Scheme
A case of embezzlement and money laundering involving crypto has come to light at the Bank of Huludao, a commercial Chinese bank According to a report by The National Business Daily, a Chinese financial news outlet, two former executives of the bank allegedly misappropriated funds and used crypto to launder the money through Hong Kong-based......
Bernstein Predicts Bitcoin (BTC) to Reach $1 Million by 2033
Bernstein analysts Gautam Chhugani and Mahika Sapra forecast the Bitcoin (BTC) price to hit $1 million by 2033. The analysts also predicted the price would reach a cycle high of $200,000 by 2025. The research firm cited unprecedented demand from spot exchange-traded funds (ETFs). Bernstein has initiated coverage on MicroStrategy. The firm is one of......
MicroStrategy To Purchase More Bitcoin (BTC) with $500M Capital Raise
Michael Saylor, the former CEO of MicroStrategy, has announced the firm's intention to offer $500 million in convertible senior notes. The move is aimed at raising funds to acquire additional Bitcoin and support general corporate purposes. Key points: MicroStrategy plans to offer $500 million in convertible senior notes to qualified institutional buyers. The company may......
