Senate Finance Committee Chairman Sens. Ron Wyden (D-Ore.) and Cynthia Lummis (R-Wyo.) earlier this week called for an investigation into what led the SEC’s X account to be compromised.The two asked SEC Inspector General Deborah J. Jeffrey on Thursday to open an investigation into what happened and “the SEC’s apparent failure to follow cybersecurity best practices.” Axios First reported This is news that came out on Friday. A fake post was posted to the SEC’s hundreds of thousands of followers on Tuesday. granted Approval for listing of spot Bitcoin ETF, which was not the case at the time. After that…
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The New York Department of Financial Services (NYDFS) said Genesis Global Trading will pay an $8 million fine and waive its BitLicense. NYDFS said in a press release that its investigation found the cryptocurrency platform had serious deficiencies in its anti-money laundering and cybersecurity programs. Genesis Global Trading is a subsidiary of Digital Current Group and received BitLicense in 2018. The New York Department of Financial Services (NYDFS) announced an $8 million fine against Genesis Global Trading, a subsidiary of cryptocurrency company Digital Current Group. Chancellor Adrienne A. Harris also announced that Genesis would transfer its BitLicense as part of…
join us telegram A channel to stay up to date on breaking news coverage Bitcoin ETFs are dominating the headlines today, but three others – Meme Kombat, Sponge V2, and Bitcoin Minetrix – have presales underway and are quietly generating buzz with successful fundraising efforts. The cryptocurrency space is abuzz with excitement as Bitcoin hovers around $46,000 and its total market capitalization approaches the coveted $1 trillion mark. In this climate, pre-sales beckon as an enticing avenue for potentially explosive growth, captivating eager investors looking for the next cryptocurrency venture. Take a look at our guide available here to gain…
Cryptocurrencies have revolutionized the way we think about money and transactions. The emergence of Bitcoin and other digital currencies is increasing interest in the potential of cryptocurrencies to transform the way we do business. One of the most exciting developments in the world of cryptocurrency is the emergence of Catcoin, a digital currency designed to be simple, secure, and fun. What is CatCoin? Catcoin is a peer-to-peer digital currency built on blockchain, the same technology that powers Bitcoin. Designed to be fast, efficient and safe, it’s the ideal choice for consumers and businesses alike. Catcoin is also unique in that…
Dogecoin is currently the worst performing token in terms of annual gain among the top meme coins. Dogecoin (DOGE) has experienced a 12% decline over the past month, indicating a period of poor performance, with gains of only a modest 1% over the past year. This decline was further compounded by a 45% drop in trading volume over the past 24 hours, indicating a notable shift in investor engagement. In contrast, other major meme coins are pointing in a different direction. Shiba Inu sales have increased by 2% over the past month and by 3% over the year overall. Although…
A JPMorgan executive suggested on January 12 that securities regulators were equally likely to approve or not approve a spot Ethereum ETF in the coming months. Nikolaos Panigirtzoglou, managing director at JPMorgan, told The Block: “In our opinion, if the (U.S. Securities and Exchange Commission) is to approve a spot Ethereum ETF in May, it will have to classify Ethereum as a commodity rather than a security (similar to Bitcoin). “Don’t give the SEC more than a 50% chance of classifying Ethereum as a commodity before May.” He said the SEC “Still sending that signal “We continue to view all…
The cryptocurrency market entered 2024 in an overall unstable state. Many existing cryptocurrencies are expected to continue to gain value, and Solana is one of the platforms with the highest growth potential. According to some experts, SOL tokens could skyrocket by up to 50x, similar to Ethereum’s rise in 2018. Solana ended 2023 on a positive note, suggesting it can continue to gain ground in 2024. But it still faces several hurdles that could push price growth back down. Now, let’s take a look at what to expect from Solana and why it might be a better way to invest…
Hut 8, a prominent North American digital asset mining company, recently announced significant amendments and amendments to its credit facility with Coinbase, marking a pivotal moment in the digital asset finance space, according to PRNewswire. This new measure brings the total loan amount to $65 million, which is an addition of $15 million to the existing line of credit. This development is particularly noteworthy given the use of Bitcoin as collateral, highlighting the evolving landscape of digital asset utilization in corporate finance. Transaction Overview Hut 8, along with its subsidiary Hut 8 Mining Corp., renegotiated its credit facility with a…
As the price of Bitcoin rises, more and more on-chain signals are pointing to an overheated cryptocurrency market. These signals have proven particularly relevant in the context of Bitcoin’s impending halving. BeInCrypto provides four on-chain signals that indicate the possibility of an imminent modification. This is especially relevant in light of the current price action, which shows many similarities to the 2019 fractal. At the time, BTC price also had a strong upward trend, but suffered a major correction a few months before the halving. Does on-chain data support these predictions? Is the halving period correlated with the decline in…
Orbit Chain, a decentralized cross-chain protocol, is allocating a significant amount of money to identify the culprits who stole $81 million worth of cryptocurrency assets from its platform. Last December, attackers exploited the protocol’s cross-chain bridge to steal $30 million in USDT, $22.5 million in Ethereum (ETH), $10 million in DAI, $10.44 million in Wrapped Bitcoin (WBTC), and $10 million in USDC. . After the breach, the Orbit Chain team sent out a notification. urge The hackers plan to negotiate until 10 a.m. on January 11. “All communications based on standard protocols, including bug bounties, will terminate after 10:00 AM…