“Let’s be clear on one thing: Gary Gensler is evil,” Tyler Winklevoss said in a detailed thread about the SEC chair amid resignation rumors. Source: https://cointelegraph.com/news/gemini-crypto-exchange-tyler-winklevoss-gary-gensler-sec-united-states?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Category: News
Norway’s CBDC Timeline Clouded by Expert Committee’s Bold Advice
A Norwegian expert committee advising lawmakers has recommended no immediate need to adopt a central bank digital currency (CBDC). Despite the declining use of cash, which dropped to just 2% of transactions at physical points of sale during the pandemic, the committee emphasized cash’s importance for secure and inclusive payments. It advised starting work on […] Source: https://news.bitcoin.com/norways-cbdc-timeline-clouded-by-expert-committees-bold-advice/
Hive Announces Paraguayan Mining Site Construction Update, Hardware Revamp
Hive Mining, a data center and crypto mining company, gave an update on the construction of a Paraguayan bitcoin mega mining site that will host 100MW of mining hardware. The company also revealed a purchase of nearly $20 million in mining ASICs to revamp its current equipment. Hive Doubles Down on Paraguayan Mining Bet, Announces […] Source: https://news.bitcoin.com/hive-announces-paraguayan-mining-site-construction-update-hardware-revamp/
Elon Musk 'shot down' OpenAI's ICO plan in 2018 over credibility concerns
According to a court filing, Elon Musk said that the proposed initial coin offering (ICO) “would simply result in a massive loss of credibility for OpenAI.” Source: https://cointelegraph.com/news/elon-musk-sam-altman-openai-cryptocurrency-ico-plans-court-filing?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
JPMorgan CEO Excluded From Trump’s Visionary Administration
U.S. President-elect Donald Trump has announced that JPMorgan Chase CEO Jamie Dimon, a vocal crypto critic, will not be invited to join his administration. Trump wrote on his social media platform Truth Social on Thursday: “I respect Jamie Dimon, of JPMorgan Chase, greatly, but he will not be invited to be a part of the […] Source: https://news.bitcoin.com/jpmorgan-ceo-excluded-from-trumps-visionary-administration/
Prosecutors Ease Off: Crypto Crimes Lose Spotlight in Manhattan
The U.S. Attorney’s Office in Manhattan will scale back its focus on cryptocurrency crimes after securing high-profile convictions, including FTX founder Sam Bankman-Fried (SBF), according to Scott Hartman, co-chief of the securities and commodities task force at the Southern District of New York (SDNY). Hartman noted that while crypto cases will not be ignored, fewer […] Source: https://news.bitcoin.com/prosecutors-ease-off-crypto-crimes-lose-spotlight-in-manhattan/
Breaking BRICS: Analyst Warns of Trump’s Bid to Weaken Global Alliance
Trump’s foreign policy will target BRICS as its main adversary, aiming to disrupt the coalition and counter the influence of China and Russia, an analyst predicts. Analyst Sees the Battlefields of Trump’s Vision to Reshape Global Power At a roundtable held by the Expert Institute for Social Research (EISR) in Moscow on Friday, political analyst […] Source: https://news.bitcoin.com/breaking-brics-analyst-warns-of-trumps-bid-to-weaken-global-alliance/
CFTC clears 'second hurdle' for spot Bitcoin ETF options
ETF analyst Eric Balchunas says “the ball” is now with the Options Clearing Corporation, forecasting that spot Bitcoin ETF options will “list very soon.” Source: https://cointelegraph.com/news/cftc-united-states-spot-bitcoin-etf-options-sec?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Trump Appoints Former SEC Chair to a Role That Could Influence Crypto Oversight
U.S. President-elect Donald Trump has appointed former SEC Chair Jay Clayton to a key role, drawing attention to his crypto regulatory legacy and enforcement record. Former SEC Chair Steps Into a Role That Could Redefine Legal Power U.S. President-elect Donald Trump has announced the nomination of former U.S. Securities and Exchange Commission (SEC) Chair Jay […] Source: https://news.bitcoin.com/trump-appoints-former-sec-chair-to-a-role-that-could-influence-crypto-oversight/
A Crypto Mixer’s Endgame: Helix Operator Sentenced With $400M Asset Forfeiture
The DOJ has sentenced the operator of Helix, a cryptocurrency mixer, to prison and ordered the forfeiture of over $400 million in assets tied to money laundering. DOJ Ends Helix’s Reign: Operator Sentenced The U.S. Department of Justice (DOJ) announced Friday that Larry Dean Harmon, 41, of Akron, Ohio, was sentenced to three years in […] Source: https://news.bitcoin.com/a-crypto-mixers-endgame-helix-operator-sentenced-with-400m-asset-forfeiture/