The History Associates suit aims to hold the FDIC and other regulatory agencies accountable for their actions and ensure transparency in their regulatory practices. Source: https://cointelegraph.com/news/history-associates-coinbase-sue-fdic-transparency
Month: June 2024
Bitfarms adds board member to deter Riot Platforms takeover
Despite initially planning to buy all Bitfarms’ shares at $2.30 per share, Riot withdrew the offer, stating that cooperating with Bitfarms’ current board was difficult. Source: https://cointelegraph.com/news/bitcoin-mining-riot-platforms-bitfarms-board-changes
Bitcoin social sentiment decline may signal market bottom
BTC price has failed to hit a new all-time high in over three months, especially after the Bitcoin halving in April. Source: https://cointelegraph.com/news/bitcoin-sentiment-drop-signals-bottom
Kraken’s Jesse Powell Donates $1 Million to Trump
Crypto industry leader Jesse Powell has made a significant donation of $1 million, primarily in ethereum, to Donald Trump’s presidential campaign. In a social media post, Powell cited the crypto industry’s struggles with regulation under the Biden administration, specifically naming Elizabeth Warren and Gary Gensler as obstacles. Powell expressed optimism that Trump’s pro-crypto stance will […] Source: https://news.bitcoin.com/krakens-jesse-powell-donates-1-million-to-trump/
Jesse Powell donates $1M in crypto to Trump's 2024 campaign
Jesse Powell, Kraken co-founder, backs Trump with $1 million in Ether, supporting pro-crypto policies against regulatory crackdowns. Source: https://cointelegraph.com/news/jesse-powell-donates-1m-crypto-trump-2024
2024 Crypto Losses Attributable to Deepfakes Projected to Exceed $25 Billion
Losses attributed to crypto crimes involving the use of deepfakes are projected to surpass $25 billion in 2024. According to the latest Bitget research study, these losses are expected to continue rising if no regulatory intervention is introduced to curb this type of fraud. Educating users and implementing comprehensive legal and cybersecurity frameworks globally are […] Source: https://news.bitcoin.com/2024-crypto-losses-attributable-to-deepfakes-projected-to-exceed-25-billion/
Australia’s revamped data program to ‘catch out’ crypto tax cheats
The Australian Tax Office is collecting over a decade of crypto transaction data, and tax dodgers could be busted if they don’t properly file this tax season. Source: https://cointelegraph.com/news/australia-tax-office-data-program-catch-crypto-tax-cheats
T-Rex files for ‘ghost pepper’ 2X leveraged MicroStrategy ETF
Financial services firm T-Rex Group has applied for what could be the “most volatile ETF” ever seen in the United States. Source: https://cointelegraph.com/news/trex-group-files-volatile-leveraged-microstrategy-etf
Fake Crypto Fund Operator Pleads Guilty to Defrauding Investors
Michael Joseph McElhiney, age 37 and formerly of Spokane, Washington, has pleaded guilty to wire fraud, the U.S. Department of Justice (DOJ) announced on Wednesday. Between March 4, 2021, and Sept. 10, 2022, McElhiney defrauded investors by falsely claiming to operate a cryptocurrency investment fund called Mac Blockchain Solutions. He contacted victims in person, via […] Source: https://news.bitcoin.com/fake-crypto-fund-operator-pleads-guilty-to-defrauding-investors/
PolitiFi memecoins tank amid Trump vs Biden presidential debate
The Jeo Boden memecoin was hardest hit, falling over 53% from its 24-hour high during presidential debate night. Source: https://cointelegraph.com/news/politifi-memecoins-fall-double-digits-amid-trump-biden-debate