The UK’s Financial Conduct Authority (FCA) has issued new guidelines for influencers and memes that promote financial products. What’s Changing? Influencers may now need approval from an FCA-authorized person before promoting financial products, including through memes. Why the Change? The FCA aims to combat fraud and ensure that social media promotions are “fair, clear, and…
Sanctions Evasion Allegations The US Treasury Department has accused 13 Russian companies and two individuals of providing crypto services to help Russian entities evade sanctions. Designated Entities Among the designated entities are: Moscow-based fintech firm B-Crypto, allegedly partnering with Rosbank for cross-border payments using crypto. Fintech firms Masterchain, Laitkhaus, and Atomaiz. Peer-to-peer crypto exchange Bitpapa…
A major Bitcoin whale recently transferred a colossal $6 billion worth of BTC across multiple wallets, sparking speculation within the crypto community. Whale’s Mega-Transaction Blockchain analysis firm Arkham Intelligence revealed that the Bitcoin address 37XuVSE sent $6 billion in BTC to three new addresses: bc1q8yj: $5.03 billion bc1q6m5: $561.46 million bc1q592: $488.40 million The bc1q592…
Bullish Indicators on Multiple Timeframes Guy Turner, host of Coin Bureau, believes Solana (SOL) is showing bullish signs on its weekly and monthly charts. He predicts a 35-45% breakout above $300. Bitcoin Breakout Solana is also breaking out against Bitcoin (BTC), which Turner says could lead to an even higher surge, as BTC is expected…
Lack of Clarity on Ethereum’s Status Republican lawmakers have raised concerns about the Securities and Exchange Commission’s (SEC) lack of transparency regarding Ethereum’s (ETH) classification. They argue that Ethereum is a non-security asset, but the SEC’s Special Purpose Broker-Dealer (SPBD) framework does not allow for the custody of such assets. Potential Consequences The lawmakers warn…
Inside Job Turns Shocking Munchables, an Ethereum gaming platform, suffered a security breach on Tuesday, with 17,400 ETH (around $62.5 million) stolen. However, the incident took a twist when it was revealed that the attack was an inside job. Developer-Turned-Hacker Crypto detective ZachXBT traced the stolen funds to a developer working on the project. Solidity…
Regulatory Rift over Ethereum and Other Cryptocurrencies The CFTC and SEC are at odds again over the classification of cryptocurrencies. The CFTC recently classified Ethereum (ETH) as a commodity, while the SEC maintains that only Bitcoin (BTC) falls under that category. KuCoin Complaint Highlights Classification Dispute The CFTC’s complaint against crypto exchange KuCoin alleges that…
Major Exchange Listing Shiba Inu (SHIB) has landed a major listing on Bit.com.au, an Australian cryptocurrency exchange. This move expands SHIB’s reach and caters to the growing demand for cryptocurrencies in Australia. Rising Popularity SHIB has gained significant popularity recently, becoming one of the most searched digital currencies on Google. Its unique “doggy-themed” appeal has…
Grayscale’s legal chief, Craig Salm, remains optimistic that the SEC will approve spot Ethereum ETFs. Lack of Engagement Not Necessarily Negative Salm dismisses concerns about the SEC’s lack of engagement on ETH ETF applications, saying it may indicate less need for discussion since the issues raised for Bitcoin ETFs are similar. Positive History with Bitcoin…
A savvy trader has made a fortune after investing early in a new memecoin called Degen (DEGEN). Massive Gains According to blockchain firm Lookonchain, the trader purchased 277 million DEGEN with just three Ethereum (ETH) worth $6,991 in January. They then sold a portion of their holdings for 134 ETH ($370,000), leaving them with 100…
