CFTC Chair Pushes for Federal Legislation to Regulate Bitcoin and Ether as Commodities
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CFTC Chair Pushes for Federal Legislation to Regulate Bitcoin and Ether as Commodities

During his Senate testimony, the chairman of the Commodity Futures Trading Commission (CFTC) emphasized the necessity of federal legislation to regulate digital commodities such as bitcoin and ether. Citing market volatility and fraud, the chairman advocated for expanded regulatory powers to safeguard investors and maintain financial stability. He also referenced a recent court ruling that […] Source: https://news.bitcoin.com/cftc-chair-pushes-for-federal-legislation-to-regulate-bitcoin-and-ether-as-commodities/

fireblocks
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Fireblocks Expands Global Custodian Program with New Partners

Fireblocks, a leading crypto custody firm, has announced the addition of five new firms to its Global Custodian Partner Program. The newly joined firms are Zodia Custody, Komainu, CloudTech, Zerocap, and Rakkar. This expansion aims to provide enhanced local third-party crypto safekeeping options to institutions using Fireblocks technology across various jurisdictions, including the U.K., Australia, Singapore, the UAE, and Japan.…

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ipo
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Ionic Digital Hires CFO John Penver to Lead IPO

Ionic Digital Hires CFO John Penver to Lead IPO Ionic Digital, a prominent Bitcoin mining company, has announced the hiring of John Penver as its new Chief Financial Officer. Penver, who previously served as CFO of data center service provider TSS, brings over 18 years of experience in data center technology and infrastructure to Ionic Digital. His primary responsibility will…

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Malaysia Loses Over $700 Million Worth of Electricity to Illegal Crypto Miners, Says Minister
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Malaysia Loses Over $700 Million Worth of Electricity to Illegal Crypto Miners, Says Minister

According to a government minister, Malaysia lost $727 million worth of electricity stolen by illegal crypto miners between 2018 and 2023. The minister also warned that power companies have methods to detect unauthorized mining activity. Illegal Crypto Mining Detrimental To Malaysians Says Minister Between 2018 and 2023, the theft of electricity by illegal cryptocurrency miners […] Source: https://news.bitcoin.com/malaysia-loses-over-700-million-worth-of-electricity-to-illegal-crypto-miners-says-minister/

MicroStrategy
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MicroStrategy Announces 10-for-1 Stock Split

MicroStrategy Inc. (NASDAQ:MSTR), the largest publicly traded corporate holder of Bitcoin, has announced a 10-for-1 stock split. This strategic move aims to make its shares more accessible to a broader range of investors and employees. The company’s shares have seen a remarkable surge of approximately 1,000% since it began purchasing Bitcoin in 2020, significantly outpacing the cryptocurrency’s own gains of…

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