The SEC provided some feedback on the S-1 forms submitted by the spot Ethereum ETF issuers and has requested they be resubmitted by July 8. Source: https://cointelegraph.com/news/sec-delays-ethereum-etf-launch-to-mid-july
Month: June 2024
‘Secrecy of Crypto Usage’ Drives Youth Cryptocurrency Adoption, Says Nigerian Regulator
According to a Nigerian regulator, young people who are adopting cryptocurrencies are drawn to their secrecy, and many of them do not have bank accounts. However, the regulator also stated that the Securities and Exchange Commission (SEC) will continue to caution users about the potential risks of investing in this asset class. Crypto Cannot Be […] Source: https://news.bitcoin.com/secrecy-of-crypto-usage-drives-youth-cryptocurrency-adoption-says-nigerian-regulator/
‘Hamster Kombat’ Keeps Demanding More Friends—Enough Already
Hamster Kombat, the viral Telegram-based clicker game that’s tied to an upcoming crypto token launch, has gotten really big—ludicrously big. Big enough that Iranian officials were worried it would distract citizens from this week’s presidential election, per an AP report. Seriously. The game’s gone viral in ways its creators likely never imagined. But the engagement engine that drives this thing…
Hamster Kombat creators: marketing geniuses or modern satirists?
Hamster Kombat has 200 million players clicking their screens. But the game raises intriguing questions about play-to-earn gaming, growth hacking and universal basic income. Source: https://cointelegraph.com/news/hamster-kombat-creators-marketing-geniuses-or-modern-satirists
FTC Warns: Social Media Investment Scams on the Rise
The U.S. Federal Trade Commission (FTC) has warned consumers about a surge in social media investment scams, especially in cryptocurrency. These scams involve fraudulent messages claiming guaranteed high returns with little or no risk. The FTC advises ignoring such messages and reminds consumers that all investments carry inherent risks. FTC Issues Warning on Social Media […] Source: https://news.bitcoin.com/ftc-warns-social-media-investment-scams-on-the-rise/
Nigerian official advocates blockchain, AI against illicit financial flows
The financial watchdog chair said that these funds could significantly enhance infrastructure, healthcare, and education across the continent if recovered. Source: https://cointelegraph.com/news/blockchain-ai-combat-africa-illicit-financial-flows
Malicious Crypto Wallet App Submitted to Apple Store Leads to Fraud Charges
The U.S. Department of Justice (DOJ) announced on Wednesday that Nikita Andreevich Sklyuev, also known as Valeriy Dorojkin, has been extradited from Ukraine and arraigned in Buffalo, NY, on charges of wire fraud and fraudulent use of an unauthorized access device. Sklyuev is accused of submitting a malicious cryptocurrency wallet app, “EOSIO Wallet Explorer,” to […] Source: https://news.bitcoin.com/malicious-crypto-wallet-app-submitted-to-apple-store-leads-to-fraud-charges/
Court allows most SEC claims to proceed in Binance suit
Judge Amy Berman Jackson however dismissed the SEC’s claim that BNB is traded illegally on secondary markets, citing the Ripple decision. Source: https://cointelegraph.com/news/most-claims-in-binance-sec-case-to-proceed-says-court
Dozens Killed in Riots as Kenya Revolts Against Tax Hikes, Calls for Presidential Resignation
Dozens of citizens were killed in Kenya as a result of riots seeking to protest the possible signing of a bill that would approve tax hikes on daily services and items, such as internet and fuel, in a plan to raise an additional $2.7 billion in revenue. The protests, led mostly by young Kenyans who […] Source: https://news.bitcoin.com/dozens-killed-in-riots-as-kenya-revolts-against-tax-hikes-calls-for-presidential-resignation/
North Carolina Passes Bill to Block State Participation in Federal CBDC Testing
The General Assembly of the U.S. state of North Carolina has approved a bill that prevents the state from participating in the Federal Reserve’s testing of a central bank digital currency (CBDC). The General Assembly is North Carolina’s legislative body, comprising two chambers: the House of Representatives and the Senate. The bill passed with significant […] Source: https://news.bitcoin.com/north-carolina-passes-bill-to-block-state-participation-in-federal-cbdc-testing/