Federal judge limits Biden administration contact with social media platforms
A federal judge has issued a ruling that restricts communication between Biden administration officials and social media companies. The decision comes as two Republican state attorneys general challenge the administration's actions to combat disinformation.
Former President Trump-appointed U.S. District Judge Terry Doughty granted a preliminary injunction,
SEC Charges Florida Resident for Operating $112 Million Ponzi Scheme that Targeted Haitian-American
Court granted SEC’s request for emergency relief and asset freezes
FOR IMMEDIATE RELEASE 2023-118
Washington D.C., June 26, 2023 —
The Securities and Exchange Commission today announced charges against Broward County, Florida resident Sanjay Singh and his trucking and logistics company, Royal Bengal Logistics Inc., with fraudulently raising approximately $112 million from as many as 1,500 investors through an unregistered securities offering that primarily targeted Haitian-Americans.
Bitcoin Could Benefit From These 3 Bullish Tailwinds
Bitcoin's upward trajectory may continue due to several factors, including inter-market dynamics, positive sentiment stemming from BlackRock's ETF filing, and the demand for safe haven investments. While directional traders have experienced setbacks in recent months, with Bitcoin's price pulling back by over 16% from its peak of $31,000, the cryptocurrency still boasts a remarkable year-to-date gain of nearly 60%, outperforming Wall Street's tech-heavy index, Nasdaq, which rose by 38%.
$95K CryptoPunk NFT Burned by Bitcoin Bandits, Revived as Ordinals Inscription
An expensive Ethereum NFT from a prominent PFP collection in Web3 has been permanently taken out of circulation and symbolically associated with an Ordinals inscription, as a group of Bitcoin enthusiasts celebrate this costly and attention-grabbing endeavor.
On Saturday, CryptoPunk #8611 was sold for approximately 55 Ethereum or $95,000, as reported by Etherescan. Hours later, the NFT was deliberately burned in a manner that references inscription 12,456,749, an NFT-like asset on Bitcoin that b
Solana's Crypto Smartphone Carves Its Niche in a Crowded Field
Solana's Android phone is now in the hands of thousands of people after being unveiled last year. We spoke to several users to gather their feedback on the phone.
While most layer-one projects target developers in the non-fungible tokens and decentralized finance market, Solana is carving out a niche in the mobile industry, known for devouring and spitting out challengers.
About a year ago, Solana first introduced its plan to disrupt the telecoms space with Saga, a new Android phone. Additiona
What is a Centralized Cryptocurrency Exchange (CEX)?
KEY TAKEAWAYS:— Centralized Exchanges (CEXs) are a type of cryptocurrency exchange, meaning they allow users to buy and sell cryptocurrencies. — Much like stock exchanges, CEXs use order books to facilitate trades. — Centralized Exchanges, unlike their decentralized counterparts, are governed by a single entity and typically use custodial wallets.
If you want to buy and sell crypto, then you will need a crypto exchange, which come in two main types: centralized and decentralized. Both types o
Investors want crypto, but not without TradFi backing: Nomura survey
Professional investors are still keen on crypto but want to see backing from large traditional financial institutions before taking the plunge themselves, according to a survey from Nomura's digital asset arm.
Institutional investor interest in crypto has stalled in recent weeks due to increasing regulatory uncertainty in the United States and its regulatory crackdown on the wider industry.
The Laser Digital Investor Survey conducted in April found that 90% of professional investors polled sai
Prometheum: A Crypto Startup's Rise to Regulatory Prominence and Lingering Questions
Prometheum, a crypto startup, has gained attention from the Securities and Exchange Commission (SEC) as an example of regulatory compliance in the industry. The company positions itself as a market ecosystem for digital asset securities and is the first crypto-centric broker-dealer to register with the SEC and be a member of the Financial Industry Regulatory Authority (FINRA). Prometheum's founder and co-CEO, Aaron Kaplan, testified before the House Financial Services Committee, emphasizing the
BlackRock files for spot bitcoin ETF, with Coinbase as a crypto custodian
BlackRock, a leading asset manager with $9 trillion in assets, has applied for a Bitcoin exchange-traded fund (ETF). The New York City investment firm plans to utilize Coinbase Custody for the potential ETF. In addition, they will use the spot market data from Coinbase for pricing. As of now, Coinbase has not released any statement regarding this new application.
Source: Newmoney
Despite the ongoing regulatory battles between the Securities and Exchange Commission (SEC) and platforms like Bina
Hacker Groups Unite: Western Financial System Faces Imminent Cyber Threat
UPDATE: Major Hacker Groups Plotting to Disrupt Western Financial System Within 48 Hours: US and European Banks, SWIFT, and Federal Reserve on Alert — MASH.
A concerning development has emerged as several prominent hacker groups join forces in an unprecedented campaign to cripple the Western financial system. KillNet, Revil, and Anonymous Sudan have united with a primary objective of paralyzing the SWIFT system, as reported by MASH.
According to information obtained by Lenta, multiple hacker g