Bitcoin Miners Under Siege: House GOP Leader Exposes Biden Administration’s Alleged Overreach | Bitcoinist.com

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According to a recent report by Fox journalist Eleanor Terret, House Majority Whip Tom Emmer has accused the Biden administration of abusing its power to “unfairly” target Bitcoin (BTC) miners within the cryptocurrency industry.  Emmer’s concerns stem from the approval of an emergency request by the Office of Management and Budget (OMB) for 82 Bitcoin […]

Japan Embraces Crypto: Investment Funds Given Green Light To Hold Digital Assets | Bitcoinist.com

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According to a Bloomberg report, Japan is progressing towards enabling venture capital firms and other investment funds to hold crypto assets directly. Prime Minister Fumio Kishida’s administration has agreed to submit a revised bill to implement this change, marking a significant development in the country’s approach to cryptocurrencies. Prime Minister Kishida Backs Crypto Integration Per […]

Lack Of Disclosure Costs VanEck Almost $2 Million Fine In SEC’s ETF Investigation | Bitcoinist.com

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In a recent development, VanEck, a registered investment adviser and issuer of Bitcoin Exchange Traded Funds (ETFs), has settled with the US Securities and Exchange Commission (SEC).  The company has agreed to pay a civil penalty of $1.75 million to settle charges related to its failure to disclose the involvement of a social media influencer […]

Digitex Futures Exchange CEO Faces Criminal Charges, Potential 5-Year Sentence | Bitcoinist.com

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Adam Colin Todd, the CEO of Digitex Futures Exchange (DGTX), is facing federal charges for alleged compliance failures, including violating the Bank Secrecy Act, according to an announcement by the US Department of Justice (DOJ).  The charges stem from Todd’s purported failure to establish and implement an anti-money laundering (AML) program at Digitex Futures. The […]

Blockchain Adoption: CitiBank Trials Tokenization Of Private Equity Funds On Avalanche | Bitcoinist.com

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CitiBank, one of the world’s largest banks, has successfully conducted a simulation demonstrating the tokenization of a private equity fund on the Avalanche blockchain network, specifically using Avalanche’s Layer 1 Spruce subnet.  Interestingly, this development has the potential to accelerate the adoption of distributed ledger technology in the financial industry, particularly on Wall Street. Blockchain […]

Crypto Gaming Platform PlayDapp Hit By Double Exploits, Losing $290 Million In Massive Breach | Bitcoinist.com

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Crypto gaming platform PlayDapp has been the victim of a series of breaches, resulting in the loss of millions of dollars worth of PLA tokens. Blockchain analytics firm Elliptic has reported that the breaches have led to the theft of PLA tokens valued at $290 million, based on their market value at the time of […]

MicroStrategy Shifts Focus To Bitcoin Development, Amasses $9.5 Billion In BTC Holdings | Bitcoinist.com

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MicroStrategy, the renowned business intelligence firm founded by Bitcoin (BTC) advocate Michael Saylor, has witnessed a significant increase in its holdings as Bitcoin continues to soar to new heights, bolstered by the introduction of Bitcoin spot exchange-traded funds (ETFs).  In a recent interview with CNBC, Saylor delved into the implications of ETFs and shed light […]

Russian Central Bank Identifies Crypto Link In “Almost All” Financial Scams Detected In 2023 | Bitcoinist.com

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The Bank of Russia, in its latest report, revealed a concerning rise in financial scams with crypto-related elements in 2023. The number of entities involved in illegal activities, including financial pyramids, allegedly increased by 15.5% compared to the previous year, reaching 5,735 identified cases. Online Scams Skyrocket As Crypto Takes Center Stage The report highlights […]

1 Month In: How Bitcoin ETFs Have Fared Since Their Highly-Anticipated Launch | Bitcoinist.com

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Spot Bitcoin ETFs have made a notable impact in the financial world, attracting significant inflows and driving the price of Bitcoin to its highest level in over two years, currently at $49,900, after briefly touching the $50,200 mark. According to a Bloomberg report, these ETFs have achieved “unparalleled success” in trading measures, attracting billions of […]

Dark Twist In Digital Currency Group Case: NYAG Pursues $3 Billion Restitution | Bitcoinist.com

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New York Attorney General Letitia James has expanded the state’s lawsuit against Digital Currency Group (DCG) and tripled the estimated size of alleged fraud to more than $3 billion.  Digital Currency Group Accused Of Defrauding Investors The amended complaint, filed by Attorney General James, accuses Digital Currency Group, DCG’s CEO Barry Silbert, and the bankrupt […]

Cardano-Backed SingularityNET Sets Up Shop In Switzerland’s Zug For AI Advancements | Bitcoinist.com

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SingularityNET (SNET), a decentralized artificial intelligence (AI) marketplace powered by the Cardano (ADA) network, has recently established its foundation in Switzerland, specifically in Geneva, within the renowned “Crypto Valley” in Zug. SingularityNET Joins Switzerland’s Crypto Valley According to the company’s announcement, this move aims to catalyze the development of new use cases within the ecosystem, […]

Crypto Investment Scam: Kansas Banker Arrested For Embezzling $47 Million In Funds | Bitcoinist.com

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According to a Bloomberg report, the former chief executive officer of a Kansas bank has been charged with embezzling $47.1 million from the institution to purchase crypto assets.  The Heartland Tri-State Bank’s failure has shaken the tight-knit community of Elkhart, as investors face significant losses. Shan Hanes, who previously held leadership roles at the Kansas […]