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CRYPTOCURRENCY

Bitcoin (BTC) Heads to Washington in July 2024
cryptocurrency

Bitcoin (BTC) Heads to Washington in July 2024

Bitcoin (BTC) is set to make a significant impact in Washington this July 2024, according to Grayscale's latest market commentary.

Federal Reserve Lifts Enforcement Action on FTX-Linked Farmington Bank
cryptocurrency

Federal Reserve Lifts Enforcement Action on FTX-Linked Farmington Bank

The Federal Reserve has terminated its enforcement action against Farmington State Bank, linked to the collapsed crypto exchange FTX, marking the bank's shift away from operations and reinforcing depositor protection efforts.

US Bitcoin Corp-Hut 8 Merger Progresses Amid Celsius Plan Approval
cryptocurrency

US Bitcoin Corp-Hut 8 Merger Progresses Amid Celsius Plan Approval

US Bitcoin Corp has secured court approval for its merger with Hut 8 Mining Corp, marking a significant step towards managing its assets and listing on Nasdaq and the Toronto Stock Exchange.

Kazakhstan Blocks Coinbase, Citing Digital Asset Law
cryptocurrency

Kazakhstan Blocks Coinbase, Citing Digital Asset Law

Kazakhstan's Ministry of Culture and Information has blocked Coinbase due to legal conflicts with digital asset regulations, revisiting previous restrictions on other financial platforms.

Algorand Foundation Joins Forces with Borderless Capital, Arrington Capital, and DWF to Invest in Pera Algo Wallet
cryptocurrency

Algorand Foundation Joins Forces with Borderless Capital, Arrington Capital, and DWF to Invest in Pera Algo Wallet

The Algorand Foundation has made a strategic investment in Pera Algo Wallet, a self-custodial cryptocurrencies wallet on the Algorand blockchain, to support various Algorand wallets, and will host a live event to discuss the partnership.

Washington D.C. Attorney Faces SEC Insider Trading Charges
cryptocurrency

Washington D.C. Attorney Faces SEC Insider Trading Charges

Romero Cabral da Costa Neto, a visiting attorney at a global law firm, has been charged with insider trading by the SEC, alleging he accessed confidential information about Swedish Orphan Biovitrum's acquisition of CTIC and purchased over 10,000 shares.

Digitex CEO Adam Todd Ordered to Pay $16 Million in CFTC Case
cryptocurrency

Digitex CEO Adam Todd Ordered to Pay $16 Million in CFTC Case

A federal court in the United States has mandated that Adam Todd, the CEO of the digital asset exchange Digitex, pay almost $16 million in disgorgement and penalties.

US Court Backs IRS in Part Against Kraken  Over Tax Rules
cryptocurrency

US Court Backs IRS in Part Against Kraken Over Tax Rules

The United States District Court, Northern District of California, has partially upheld a summons issued by the Internal Revenue Service (IRS) to Payward Ventures, Inc. and its subsidiaries, collectively known as "Kraken". Kraken, a prominent online crypto exchange, has been under scrutiny for its compliance with tax regulations.

Terra's Partnership with Washington Nationals Raises Eyebrows
cryptocurrency

Terra's Partnership with Washington Nationals Raises Eyebrows

Terra, the cryptocurrency ecosystem that collapsed in May 2022, made a prominent appearance at Nationals Park during the Washington Nationals' home opener on March 30. Despite Terra's collapse, a partnership between the company and the baseball team had been in effect since February 2022, with the Terra community committing $38.2 million over five years to secure the deal. Terra's founder, Do Kwon, is currently in police custody in Montenegro and is reportedly facing harsh conditions in the penal system.

US Congress needs to take control of crypto legislation
cryptocurrency

US Congress needs to take control of crypto legislation

Blockchain Association CEO Kristin Smith said crypto regulation is occurring "behind closed doors" and asked for a more collaborative and "transparent approach."

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