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Mastercard’s Start Path Blockchain and Digital Asset program has expanded to include five new startups, aiming to explore innovative uses of blockchain technology. “Digital assets are becoming increasingly mainstream, speeding up commerce with trust and transparency,” Mastercard stated. Mastercard’s Digital Asset Program Expands Payments giant Mastercard announced Wednesday that five startups from around the world […] Source: https://news.bitcoin.com/mastercard-welcomes-5-startups-to-blockchain-and-digital-asset-program/
The Australian Securities and Exchange Commission claims that John Louis Anthony Bigatton promoted the crypto lending platform at four seminars and via two social media posts. Source: https://cointelegraph.com/news/australian-crypto-lending-promoter-john-bigatton-bitconnect
Better Markets, a financial nonprofit organization, has lashed out against approving a spot ether ETF product, stating that it would endanger the broader financial system. In a supplemental comment letter sent to the SEC, the organization states that approving these spot ether ETPs would “interweave the crypto industry with traditional finance,” aggravating systemic risks introduced […] Source: https://news.bitcoin.com/financial-nonprofit-better-markets-approving-a-spot-ether-etf-would-threaten-the-broader-financial-system/
In the first quarter of 2024, Canaan Inc. generated $35.1 in revenues versus the $72.4 million in costs incurred in the same period which resulted in the company recording a gross loss of $37.3 million. Nangeng Zhang claimed that Canaan’s revenues in the last quarter exceeded expectations due to the company’s persistent sales efforts and […] Source: https://news.bitcoin.com/mining-rig-producer-canaans-q1-unrealized-gains-narrow-net-loss-to-39-4-million/
The U.S. Congress bipartisan vote has overwhelmingly demonstrated its rejection of the SEC’s SAB 121. President Biden threatened to veto the overruling. Will the executive branch overthrow Congress’s decision? Source: https://cointelegraph.com/news/united-states-joe-biden-sab-121-accounting-crypto-law
Binance’s Financial Crimes Compliance Department recently collaborated with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office on a significant cryptocurrency-assisted money laundering case involving nearly NT$200 million (approximately US$6 million). The criminal operation had been laundering money through virtual assets by creating fake customer records and forged identity data. Law enforcement […] Source: https://news.bitcoin.com/binance-aids-taiwan-in-busting-6m-crypto-money-laundering-ring/
The United States Department of Justice alleges Thomas John Sfraga convinced a victim to invest in a “fictitious” cryptocurrency” wallet after promising significant gains. Source: https://cointelegraph.com/news/crypto-personality-thomas-john-sfraga-wire-fraud-department-justice
Dolce & Gabbana USA Inc. faces a lawsuit from a customer who claims the non-fungible tokens (NFTs) he bought for $6,000, which included metaverse outfits, lost 97% of their value due to delivery failures by the luxury fashion house. The complaint, filed in Manhattan federal court, alleges the NFTs were promoted with various digital, physical, […] Source: https://news.bitcoin.com/dolce-gabbana-sued-over-6000-nfts-losing-97-value/
