SEC seeks sanctions against Elon Musk over Twitter investigation
Elon Musk and his various companies are currently facing regulatory scrutiny in Brazil, the European Union, and the United States.
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New Zealand Churches Deny Affiliation With Crypto Ponzi Scheme OneCoin
A New Zealand church accused of colluding with a cryptocurrency Ponzi scheme in targeting the congregation, has denied knowingly participating in illegal activity in a Facebook statement on May 2.The Samoan Independent Seventh Day Adventist Church (SISDAC) is one of two places of worship accused of having links to OneCoin, which raised hundreds of millions of dollars worldwide by…
Goldman Sachs Leads $32 Million Funding Round for Enterprise Blockchain Startup Axoni
Enterprise-focused blockchain startup Axoni has raised $32 million in a funding round led by Goldman Sachs and other high-profile banks and venture capital investors, Forbes reports August 14. The $32 million Series B funding round was led by Goldman Sachs and Nyca Partners, with numerous other investors including Wells Fargo, JPMorgan, Citigroup, and Andreessen Horowitz.…
Interest in Bitcoin Spikes Worldwide During COVID-19 Crisis
The demand for cryptocurrency in certain countries is growing amid the COVID-19 pandemic. Bitcoin (BTC) peer-to-peer trading volume in Argentina, Chile, Venezuela and Morocco has peaked over the past few weeks, marking new all-time highs. Additional reports suggest that traffic on centralized cryptocurrency exchanges has also peaked within the past few weeks, while major trading platforms…
Q&A: Top Copy Trader and Crypto Pundit on Their Market Predictions
There’s a palpable buzz in crypto markets right now. Copy trading is gaining momentum, as it allows investors to emulate the moves of experienced traders.We spoke to Jay Smith, a popular trader on the eToro platform who is otherwise known as Jaynemesis, as well as to Kevin Stanely, the host of the podcast CRYPTO 101. Here,…
Bank of America Files Patent for Multi-Tiered Digital Currency Wallet
United States-based investment banking company Bank of America (BofA) has filed a patent for a digital currency wallet with multiple layers of asset access. The proposed wallet would accept different passwords for different amounts of funds requested. The United States Patent and Trademark Office published BofA’s application on Aug. 15. Per the filing, this technology would…
More US senators back Elizabeth Warren’s AML bill targeting crypto
The legislation, reintroduced in July, already has the support of several U.S. lawmakers, but critics have suggested it could threaten financial freedom and privacy. Massachusetts Senator Elizabeth Warren, an outspoken critic of digital assets in the United States government, has announced that five more senators have agreed to cosponsor one of her bills aimed at
Bitstamp helps Stripe scale crypto purchases in the EU
Bitstamp entered a partnership to support Stripe’s crypto on-ramp solution in Europe a few months after Robinhood announced Bitstamp’s acquisition for $200 million.
Open Positions on Chicago Mercantile Exchange Bitcoin Futures Hit Record High
The number of open contracts for the Chicago Mercantile Exchange’s (CME) bitcoin (BTC) futures is reportedly at an all-time high, cryptocurrency news outlet Coindesk reported on June 3.According to visible data released by the United States Commodity Futures Trading Commission (CFTC) data, the number of open positions for the aforementioned future contract in the week…