Month: June 2024

India’s Enforcement Directorate (ED) has conducted searches that uncovered a Ponzi scheme involving cryptocurrency operations and HR Crypto Coin, leading to significant asset seizures and freezing. The coins were part of the scheme, luring people to invest with promises of a 15% annual interest rate and offering 30% direct referral income for introducing new customers. […] Source: https://news.bitcoin.com/indian-authority-cracks-down-on-highrich-onlines-crypto-operations/

The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought. Ripple recently proposed a $10 million penalty, citing the Terraform Labs settlement as justification. However, the SEC countered that such a low penalty “would not satisfy the purposes of […] Source: https://news.bitcoin.com/sec-now-demands-102-6-million-penalty-from-ripple-in-xrp-case/

Rich Dad Poor Dad author Robert Kiyosaki has urged investors to buy bitcoin despite the cryptocurrency’s high prices. “I become frustrated encouraging people to buy bitcoin. I receive so many lame excuses,” he said, emphasizing that although the current price is high, it is not as high as it will be in the future. ‘I […] Source: https://news.bitcoin.com/robert-kiyosaki-frustrated-by-lame-excuses-to-avoid-buying-bitcoin-foresees-significant-price-rise/

Recent data from the International Monetary Fund (IMF) points to an ongoing decline in the U.S. dollar’s share of allocated foreign reserves held by central banks and governments. Economists explained that reserve managers are attracted to nontraditional reserve currencies “because they provide diversification and relatively attractive yields, and because they have become increasingly easy to […] Source: https://news.bitcoin.com/imf-data-shows-decline-in-us-dollar-dominance/

The Nigerian securities regulator warned residents against investing in a meme coin linked to singer and celebrity Davido. The regulator described the meme coin as a highly risky investment, saying investors who invest in it do so at their own risk. The Commission will continue to monitor the ecosystem and will exercise its authority if […] Source: https://news.bitcoin.com/nigerian-regulator-warns-against-investing-in-meme-coin-linked-to-davido/

Google Trends data reveals a consistent increase in search interest for “CBDC,” which stands for central bank digital currency, over the past five years. The term has maintained a score above 20 since August 2022, on a scale of 1 to 100, where 100 signifies peak interest. CBDCs See Consistent Search Growth, Top Regions Include […] Source: https://news.bitcoin.com/cbdc-interest-climbs-steadily-over-five-years-google-trends-data-shows/

Bloomberg’s senior ETF analyst has updated his spot ethereum exchange-traded fund (ETF) prediction. “We are moving up our over/under date for the launch of spot ether ETF to July 2nd,” he said. This revision follows light comments from the SEC Staff on issuers’ S-1 filings. The analyst believes there is a decent chance the SEC […] Source: https://news.bitcoin.com/bloomberg-analyst-now-expects-spot-ethereum-etfs-to-launch-on-july-2/