Republicans announce formation of bicameral crypto working group
The working group involving four congressional committees will be separate from one studying a Bitcoin reserve under Donald Trump’s executive orders.
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Crypto Mining Firm Giga Watt Files for Bankruptcy, Faces Eviction in Washington County
Major U.S. crypto mining and blockchain firm Giga Watt has filed for bankruptcy on Monday, Nov. 19, Washington daily newspaper Wenatchee World reported yesterday, Nov. 20.The top-five crypto mining firms entrant has reportedly filed for Chapter 11 protection in the Eastern District of Washington bankruptcy court, claiming that the firm is "insolvent and unable to…

Shark Tank’s Kevin O’Leary becomes FTX spokesperson, will be paid in crypto
Mr. Wonderful has signed a multi-year deal to serve as a brand ambassador and spokesperson for FTX and will be paid in crypto assets and take an equity stake in FTX. 329 Total views 36 Total shares Shark Tank host Kevin O’Leary has become an official spokesman for Sam Bankman-Fried’s FTX crypto exchange and will…

The United States updates its crypto AML/CFT laws
Against great push back from the crypto industry and as the price of Bitcoin (BTC) reached new all-time highs several times during the last couple of months, the United States has updated its cryptocurrency Anti-Money Laundering/Combating the Financing of Terrorism laws.Related: COVID-19 pandemic spurs crypto law updates in J5 countriesThe Anti-Money Laundering Act of 2020…

Thai authorities arrest five in 3,200-victim, $27M crypto scam
Victims lost over $27 million worth of Thai bhat after investing in a fraudulent cryptocurrency investment platform. 348 Total views 4 Total shares Authorities in Thailand arrested five foreign nationals linked with a fraudulent cryptocurrency investment platform that fleeced over $27 million from local investors.According to an initial report from the Bangkok Post, Thailand’s Cyber

Pomp’s Morgan Creek Raises $61M for Blockchain Fund, Targets $250M
Morgan Creek Digital has raised over $61 million for a blockchain fund to explore opportunities using distributed ledgers.On Oct. 18, the cryptocurrency asset management firm Morgan Creek submitted a filing for its second blockchain fund to the United States Securities and Exchange Commission (SEC) and has so far raised nearly $61 million from 11 investors.The…

Blockchain trading platform INX completes $125M SEC-approved token IPO
INX has reportedly raised $125 million from investors to build a fully regulated trading platform for crypto and security tokens. 3427 Total views 20 Total shares INX Limited has completed the first-ever Securities and Exchange Commission-approved token sale event via an initial public offering.According to a release issued by the company, the blockchain trading platform…

‘It’s happening’ — 5 Ethereum ETF bidders amend SEC filings
Five U.S. asset managers bidding for an Ether ETF have amended their 19b-4 filings with the SEC.

All But One of Top 20 Cryptos See Green, Bitcoin Safely Above $6,700
Sunday, September 23: crypto markets are seeing another wave of green. All but one of the top 20 cryptocurrencies by market cap have made gains over the past 24 hours, according to CoinMarketCap.Market visualization from Coin360After suffering a slight decline yesterday, Bitcoin (BTC) rebounded today, trading above $6,700 throughout the day. The cryptocurrency is at…