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Genesis Global Trading, a subsidiary of Digital Currency Group, has reached a settlement with the New York State Department of Financial Services (NYDFS), agreeing to pay an $8 million penalty to resolve allegations of compliance failures. This settlement comes after the NYDFS accused the company of violating virtual currency and cybersecurity regulations, exposing itself to

The Bitcoin (BTC) market witnessed a significant downturn, experiencing a decline of more than 6% from the mid-$46,000s to the mid-$43,000s following the launch of the first 11-spot Bitcoin ETFs. The U.S. Securities and Exchange Commission (SEC) approved these ETFs on Wednesday, leading to their live trading debut on Thursday, which proved to be highly

CoinShares, an investment management company, has seized the opportunity to acquire Valkyrie Funds, a subsidiary of Valkyrie Investment Inc., following the recent approval of its spot Bitcoin (BTC) ETF by the Securities and Exchange Commission (SEC). The company officially announced this strategic move on January 12, emphasizing the desire to expand in the United States

Bitcoin has witnessed a significant surge, surpassing the $46,000 mark, following the approval by the US Securities and Exchange Commission (SEC) of 11 spot bitcoin exchange-traded funds (ETFs) on Wednesday. The green light for these ETFs came after a fake tweet falsely claiming the SEC’s authorization of a bitcoin futures ETF caused a brief price

Elon Musk’s social media platform, X (formerly Twitter), has ceased offering a feature allowing premium users to utilize non-fungible token (NFT) images as their profile pictures. Introduced in January two years ago, the feature targeted Twitter Blue subscribers, enabling them to showcase a verifiable NFT as their profile image, marking a pioneering move in social

The significant drop in Bitcoin to $46,000, triggered by a security lapse at the U.S. Securities and Exchange Commission (SEC), unfolds a complex narrative that intertwines technological vulnerabilities, regulatory uncertainties, and the profound impact on the cryptocurrency market. This incident, where a SIM swap attack exploited the absence of two-factor authentication on the SEC’s official

The recent downturn in altcoins, characterized by substantial losses, unfolds against a backdrop of a variety of market influences, including impactful reports and a fabricated announcement regarding a Bitcoin (BTC) exchange-traded fund (ETF) on social media. These developments have sparked a wave of market corrections in the early days of 2024. The tumultuous landscape is

In a significant development within the cryptocurrency space, applicants for spot Bitcoin exchange-traded funds (ETFs) find themselves at a crucial juncture as the U.S. Securities and Exchange Commission (SEC) responds swiftly to their revised applications. The focus of the SEC’s attention lies in the unveiling of previously undisclosed fee structures by these ETF issuers. The

The race for a Bitcoin exchange-traded fund (ETF) has intensified as financial heavyweights VanEck and Bitwise make substantial financial commitments, according to recently filed S-1 documents with the U.S. Securities and Exchange Commission (SEC). VanEck has committed an impressive $72.5 million in seed capital, while Bitwise, recognized as the largest crypto index fund manager in

The landscape of cryptocurrency adoption is rapidly evolving, with a notable surge in the acceptance of Bitcoin by over 6,000 in-person vendors worldwide. According to BTC Map, the current tally of merchants embracing Bitcoin has surpassed 6,000, reaching 6,332 as of January 8. The active location count has tripled over the past year, escalating from