BitClave ICO: SEC Returns $4.5M to Defrauded Investors
In an X post dated November 21, 2024, the Securities and Exchange Commission of the United States noted that it has distributed around $4.5 million to the investors of BitClave which halted its operations in 2020.
The distribution of funds occurred as a part of the BitClave Fair Fund which was established following the settlement in 2020. After the legal summons from the SEC, the firm halted its operations, over the allegations of breaching securities laws during ICO (Initial Coin Offering).
US Charges Five in Major $11M Cryptocurrency Fraud Case
The surged adoption and usage of cryptocurrencies have become a bane for some and a boon for others.
As per recent information, the US prospectors have charged five individuals accusing them of a group that reportedly hacked over dozens of individuals and businesses collectively resulting in a swipe away of $11 million in digital assets, and has also gathered crucial information.
In a statement dated November 20, 2024, the Attorney General’s Office of California, US, said that the defendant
Russia to Ban Crypto Mining in Key Regions Amid Power Crisis
After the gains from cryptocurrency mining started surging a major push in regulatory actions has been observed. It is worth noting that Bitcoin miners have reported a surged mining revenue following the 4th halving that took place in April this year.
In a most recent development, Russia, the world power, has announced to take severe steps to ban cryptocurrency mining in some selected regions including occupied territories in Ukraine. Some areas of North Caucasus and Serbia will also be restric
The Central Bank of Brazil Collaborates With Various Platforms to Advance CBDC Technology
In the mentioned country, Banco Inter will help in implementing the DREX platform, and at the same time, Microsoft Brazil along with 7COMm will offer cloud services and technical support.
The CCIP infrastructure of Chainlink will clear the path for cross-chain transfers for DREX and other central bank digital currencies.
The CCIP of Chainlink plays a vital role in enabling secure cross-border, cross-currency, and cross-chain transactions and will play a role in showcasing what tokenized asse
Cardano Attained an 18-month High Today, Following the Whale’s Transactions
Santiment, a crypto data intelligence tools research platform has reported that the outstanding performance and surge of Cardano is mainly driven by the whale’s activities.
The recent performance has not lured the long-term Cardano holders, as a significant decline has been noticed.
The decline in the long-term Cardano holders suggests that they are looking for another alternative and now the profit-taking trend has somehow cooled down.
On November 20, Cardano attained an 18-month high and t
Saylor Gears Up for ‘Bitcoin’ Presentation to Microsoft Board
The co-founder and chairman of GrayScale, the largest Bitcoin holder, will present a three-minute presentation in front of the board of Microsoft over considering BTC as an investment. Michael Saylor is known for his pro-crypto stance and speech, other than his company he personally holds significant Bitcoins.
The presentation will solely focus on why Microsoft should consider investing in Bitcoin, when writing it was trading at $93,493 adding over 1.89 percent intraday. As it is surging at an
Logan Paul Faces New Allegations of Crypto Misconduct
Price manipulation is becoming common in the cryptocurrency market, and the majority of the time it has been observed that known personalities, actors, singers, and influencers promote some ponzi and worthless projects for some endorsement fees which several times led to losses of money of innocent investors.
Most recently BBC, a leading media outlet, unveiled that the internationally popular Youtuber, Logan Paul has been facing fresh accusations for misleading fans, and earning huge profits.
USCC Suggests Setting Up a Manhattan-like Project in the US
The report also suggests that the race for a remarkable AI across various industries lies majorly in integrating enabling technologies and building blocks, such as advanced chips, rich data sets, computational power, and many more.
The report further went on to note that AGI systems are either as good as or better than human abilities. Also, it could take over the brightest human minds in every task assigned.
The Commission says that China is continuously working on building some technologic
Californian Court Rules Lido DAO a General Partnership
Nowadays tussles between regulators, courts, and enforcement agencies are quite common in the crypto market. In the past few quarters, agencies filed cases against dozens of firms offering digital asset services.
Most recently, a Californian Federal Court has ruled that the decentralized body behind the Lido Staking protocol, Lido DAO, operates as a general partnership, making its participants liable under regional laws.
The decision came following the argument that the governance structure
Bitcoin Surpasses $94k Following IBIT ETF Options Trading Launch
There are a lot of reasons why traders use Bitcoin ETF. One of the major benefits is that it allows to hedge active Bitcoin investments.
On November 20, some leading asset managers such as Bitwise and Grayscale are introducing their Bitcoin ETF options. And other firms are also expected to launch after this.
Attaining $1.9 billion is not a big deal as $GLD hovered around $5 billion today. I ask to give it a few more days or weeks- Eric Balchunas
Crypto Mining Income to Be Taxed Under Russia’s New Rules
The surge in prices, adoption, and usage of crypto has become a mode through which the government of a nation can earn taxes. Dozens of nations have imposed severe fines on digital assets, and some of them have imposed fewer taxes to help it become widespread.
In a most recent development, the Finance Ministry of Russia has announced that it has recognized digital currencies as properties in order to impose taxes on them.
In the statement, the higher official of the ministry notes that the am
ELIZA Trader Made $3.68 Million From $1,800 in Hours
The skyrocketing prices of cryptocurrencies have helped millions of investors to gain significant profit. Bitcoin, Ethereum, Dogecoin, and Solana have attracted a huge spotlight since the beginning of this year.
A blockchain analysis and watcher firm, Lookonchain most recently reported that a trader bought 89.9 million $ELIZA tokens for 7.84 $SOL valued at over $1,800. It is worth noting that in just a couple of hours, they successfully sold 49.49 million $ELIZA for the sum of 7,091 $SOL equal
TRON DAO Recently Collaborated With Nansen to Boost the TRON Ecosystem
The decentralized blockchain project has also taken on smart contracts along with an entrusted proof-of-stake system. This combination makes the transactions faster having an effective scalability with minimal fees.
Some more tools offered under this partnership are Token God Mode, Wallet Profiler, and some other modern analytics tools that will help users swiftly point out the opportunities offered under the TRON network.
Adding more to this, the Virtual machine of this project is designed t
Shiba Inu Co-founder Criticizes Litecoin for Its Identity Change
Today, Shytoshi Kusama took to the social media platform, X and posted in which it can be clearly seen that he was not seeking to get into any kind of protest against Litecoin in 2024.
If we talk about the Shibburn data, it indicates that the burn rate of the token has also gone up to 928%, which sets confidence in the long-term goal of the coin.
At the time of writing, the price of Litecoin hovered around $89.60. It has also shown a 3% intraday low.
MicroStrategy to Raise Billions for ‘Bitcoin’ Purchase Stock Soars
After Bitcoin crossed $20,000 it became one of the most prominent cryptocurrencies in the digital asset market, the surge in prices has attracted millions of new individual investors and institutional investors.
In a recent development, MicroStrategy, a known Bitcoin holder, has intended to raise approximately $1.75 billion from senior convertible notes at zero percent to acquire more BTC.
In a statement dated November 18, 2024, MicroStrategy noted that it ” intends to use the net proceeds fr
Talking about the Trump Media and Technology Group, it has become an actively traded stock after the victory of Donald Trump.
In the Q3 of the last year, the platform reported a significant loss estimated at about $27,000 along with a revenue of $328,000 in the same quarter.
It is also speculated that if the deal is sealed then it will help to spread the increasing involvement of Trump in the industry. It will also accompany his crypto venture, World Liberty Financial
Brian Brooks Leads the Poll for the Next Chairman of the SEC
The crypto industry seems happy to see Brian Brooks as the new chairman and they have posted on this matter with a positive note by using the hashtag BrianBrooks for SEC.
Brooks is a prominent figure in the industry who has served in Coinbase, BitFury Group, and Binance.
Brooks spoke about the predictions and has outlined major steps he thinks the future SEC head should give priority to encourage a crypto-friendly environment.
A poll for the next chairman of the Securities and Exchange Commi
BIT Mining Faces $10M Fine for Bribery Scandal in Japan
Following the surged adoption of cryptocurrencies, mining has evolved as one of the highest-earning subsectors of the digital assets market.
According to recent information, BIT Mining, a Bitcoin mining company, has accepted that it paid bribes to Japanese officials to get licenses from resorts and casinos in Japan. To settle the charges, the firm agreed to pay a fine of $10 million to the United States government.
Additional information notes that the bribery incident took place between 201
The 2024 beginning brought renewed hopes for dozens of cryptocurrencies, and hope turned into an opportunity after the recent historical victory of Donald Trump. Bitcoin, Ethereum, Solana, and Dogecoin have reported a massive spike in trading prices, volume, market capitalization, and TVL.
According to data from Defillama, Solana has achieved a fresh milestone after its decentralized exchanges acquired $70.9 billion in trading volume in a 30 -30-day time frame. A change of 127 percent has been
FIU Nepal Suggests Measures to Tackle Cryptocurrency Fraud
The adoption of cryptocurrencies has surged significantly in the past few years, especially in developing nations like India, Bangladesh, Pakistan, and Nepal. The growth in adoption in these nations has been regarded as one of the primary reasons behind surging illicit and anti-money laundering activities.
In a recent development, the Financial Intelligence Unit of Nepal has noted that the usage of crypto for illicit activities has surged prominently, despite an official ban on trading of digi