The Securities and Exchange Commission (SEC) announced Wednesday that Gurbir S. Grewal, the agency’s director of the division of enforcement, will soon step aside from his role. The agency said in a press release that Grewal, who has spearheaded dozens of enforcement actions against crypto firms, will hand the division’s reins over next Friday to Sanjay Wadha, who will serve…
Cryptocurrency stolen in a SIM swap may lead to a precedent-setting decision on phone company responsibility. Source: https://cointelegraph.com/news/att-court-sim-swap-crypto-theft?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
ByteDance, the tech titan behind TikTok, just fired a thunderous salvo in the AI video generation arms race as the company’s cloud division unveiled two video generators: PixelDance and Seaweed. The generators, released at an event in Shenzhen last week, are still in private beta and only available to a limited number of users. However, the models could be publicly…
Bitcoin traders maintain a neutral sentiment despite the uptick in geopolitical tension and uncertainty within world markets. Source: https://cointelegraph.com/news/bitcoin-price-decline-continues-how-are-pro-btc-traders-positioned?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Gurbir S. Grewal, Director of the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement, will leave the agency next week. During his tenure, he led several high-profile enforcement actions, particularly in the crypto sector, targeting noncompliant platforms and insider trading, resulting in billions in penalties. Gurbir Grewal to Depart as SEC Enforcement Director The […] Source: https://news.bitcoin.com/secs-enforcement-chief-steps-down-after-leading-over-100-crypto-enforcement-actions/
FOMO HOUR 210 – MIDDLE EAST TENSIONS RISE Crypto drops as Middle East tensions flare. $500m liquidations in drop. BTC ETFs see largest outflows in a month. Fidelity ETH ETF sees 2nd highest outflow ever. SUI hits 6-month highs, bridge goes live on mainnet. Hashdex set to launch XRP ETF. Wormhole leads altcoin gains after Upbit lists. BTC miners hit…
A Indiana man has pleaded guilty to stealing almost $38 million in cryptocurrency from nearly 600 victims after hacking an investment company. Evan Frederick Light, 21, of Lebanon, Indiana, admitted to charges of conspiracy to commit wire fraud and conspiracy to launder monetary instruments, the U.S. Department of Justice announced this week. In court documents filed last month, Light said…
In February 2024, the artificial intelligence company was valued at approximately $80 billion and has grown considerably since that time. Source: https://cointelegraph.com/news/openai-raises-6-6-billion-157-billion-valuation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The ruling paves the way for election prediction markets to operate in the United States. Source: https://cointelegraph.com/news/us-appeals-court-greenlights-election-prediction-markets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
In a report by Glassnode and researchers Cryptovizart and Ukuria OC, bitcoin has reclaimed a key short-term cost basis after the Federal Reserve’s recent interest rate cut. This recovery signals the potential for further price momentum, although broader market conditions remain cautious. Bitcoin Reclaims Short-Term Cost Basis According to Glassnode, bitcoin’s price has risen above […] Source: https://news.bitcoin.com/new-bitcoin-investors-show-confidence-amid-market-recovery-says-glassnode/
