US Treasury Deputy Secretary Wally Adeyemo has urged Congress to provide regulatory tools to combat illicit finance related to cryptocurrencies. In a hearing before the Senate Banking, Housing and Urban Affairs Committee, Adeyemo expressed concerns that terrorist groups, as well as state actors like Russia and North Korea, are increasingly using virtual currencies and digital assets to hide their identities and ...
India now has a thriving Web3 ecosystem with over 1,000 startups in the space, a report published by Hashed Emergent on Tuesday showed. Bengaluru, renowned as the technology capital, has positioned itself as the central industrial hub in the country. These Web3 startups have collectively secured funding over $2.5b, reflecting their burgeoning growth and attractive investment potential. In 2023, Indian ...
Billionaire Arthur Hayes has expressed a cautious view regarding the upcoming Bitcoin halving and the effects it will have on the price of the asset. While many experts anticipate a significant rally for Bitcoin following the halving event, Hayes believes that the price action before and after the event could actually be negative. In a blog post published on April 8, Hayes ...
Fake Elon Musk YouTube streams supposedly promoting crypto schemes aren’t new. On Monday, total solar eclipse, that dazzled millions in the US, was allegedly livestreamed by a fake SpaceX YouTube channel. The live telecast featured business tycoon and SpaceX CEO Elon Musk’s AI-generated speech, promoting a crypto investment scheme. “The stream shows a deepfake of Elon Musk asking users to ...
The London Stock Exchange Group’s (LSEG) Parisian clearinghouse affiliate LCH SA announced Monday that it received regulatory approval to provide clearing services for Bitcoin derivatives. LCH SA will leverage its newly established service, LCH DigitalAssetClear, to provide clearing functions for relevant contracts. These contracts are traded on UK FCA-regulated digital asset derivatives trading venue GFO-X. This collaborative approach ensures that ...
The sovereign interoperability layer Union Labs has partnered with Lava to initiate an incentive Remote Procedure Call (RPC) campaign. According to a press release shared with Cryptonews.com, the incentivized public RPC campaign, also known as ipRPC, will offer a rewards pool worth $100,000 in token value. The partnership will establish Lava as the modular RPC and access layer, connecting users ...
On April 7, Blockstream CEO Adam Back criticized the newly launched Defiance 2X Short MSTR ETF (exchange-traded fund). The ETF was created to short MicroStrategy, one of the most recognizable holders of Bitcoin. The Blockstream CEO shared his views on an X thread, calling the ETF a “terrible product” unlikely to yield the desired results. Blockstream CEO Claims it’s Risky ...
The long-awaited trial of alleged Mango Markets crypto criminal Avraham Eisenberg got underway as jury selection began in Manhattan federal court Monday. Eisenberg is accused of stealing an estimated $110 million out of the crypto exchange Mango Markets by utilizing their cryptocurrency MNGO for fraud. Originally arrested in December 2022, Eisenberg is facing one count each of commodities fraud, commodities ...
A new class of meme coins, “culture coins”, centered around cultural values such as politics, lifestyle, and religion could achieve greater growth in this cycle than meme coins such as Dogecoin and Shiba Inu, according to Mechanism Capital co-founder Andrew Kang. Kang tweeted on April 7 that meme coins focusing on deeper cultural themes could offer greater profit potential than ...
Decentralized finance (DeFi) protocol dYdX is currently investigating an unexpected halt in block production following a scheduled upgrade of its chain on April 8. dYdX has confirmed the outage on its mainnet and noted that ecosystem engineers are currently debugging the issue. According to an incident report, the outage has been ongoing since 6:50 a.m. UTC, and no fix is ...