Bithumb, one of South Korea’s leading crypto exchanges, has been fined by the country’s anti-money laundering and counter-terrorism financing agency. South Korea’s Financial Intelligence Unit (FIU) fined 36.8 billion won ($24.6 million) and ordered a six-month partial suspension after finding millions of violations of the country’s anti-money laundering rules. The sanctions stem from violations of […]
A U.K. High Court judge last week allowed a trial over the alleged theft of more than 2,323 bitcoins, in a case that highlights the extent to which the country’s legal system continues to adapt traditional property law to cryptocurrency. A British resident, Ping Fai Yuen, claimed in a court filing last week that his
UK judge allows lawsuit over alleged $172 million Bitcoin theft between spouses Read More »
Artificial intelligence-related cryptocurrencies extended their ascent Monday after Nvidia CEO Jensen Huang laid out the company’s vision for the next phase of AI infrastructure during his keynote at Nvidia’s GTC developer conference. Among the big players is AI-driven blockchain. CLOSE$1.5010climbing more than 10% in the last 24 hours, reaching its highest level since late January.
CEO Jensen Huang’s Keynote Fuels AI Crypto Token Rally Read More »
The U.S. Securities and Exchange Commission (SEC) has discontinued its civil action against BitClout founder Nader Al-Naji and several associated defendants, saying the decision was “based on the particular facts and circumstances of this case.” In a joint declaration filed March 12, the U.S. District Court for the Southern District of New York, the SEC
SEC Drops Lawsuit Against BitClout Founder Nader Al-Naji Over DeSo Crypto Project Read More »
OpenSea co-founder Devin Finzer said Monday that the launch timeline for the highly anticipated SEA token has been pushed back as the company seeks to ensure the rollout is fully prepared rather than forcing its debut amid challenging crypto market conditions. In an article on “A delay is a delay. I’m not going to dress
OpenSea Delays SEA Token Launch, Citing Difficult Crypto Market Conditions Read More »
Ethereum Ether (ETH) is stealing the show in Monday’s crypto rally, hitting a six-week high as investor demand shows signs of returning to the second-largest digital asset after months of steep decline. Ethereum’s native token, ETH, has surpassed $2,300, gaining more than 10% in the last 24 hours. That easily outpaced Bitcoin’s 3% advance and
ETH Rises 10%, Outpacing Bitcoin Gains as ETF Demand and Bitmine Buys Accelerate Read More »
T. Rowe Price has filed to hold a wide range of digital assets in its new exchange-traded fund (ETF), including Bitcoin, Ether, Dogecoin and Shiba Inu. The asset manager, which manages $1.8 trillion in assets, filed an amended S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), offering new details about its proposed
Strategy (MSTR), the world’s largest publicly traded Bitcoin holder, continued its extensive weekly buying streak, adding $1.57 billion worth of BTC, according to a filing Monday. Led by Executive Chairman Michael Saylor, the company added 22,337 bitcoins at an average price of $70,194 per coin, bringing its holdings to 761,068 coins, acquired for $657.61 billion,
MSTR added 22,337 BTC last week, marking another mammoth purchase Read More »
Bitmine Immersion Technologies (BMNR), the largest ether-focused treasury company, purchased 60,999 ether (ETH) last week as it continues to build its holdings in the second-largest cryptocurrency by market capitalization. In symbolic terms, the purchase was the largest made by the company this year, although it was only a slight increase from 60,976 ETH the previous
buys 60,999 ether (ETH) as Tom Lee touts crypto strength amid Iran war Read More »
Crypto wealth platform Abra has announced plans to go public through a merger with special purpose acquisition company New Providence Acquisition Corp. III in a deal that values the company at $750 million. The combined company will be renamed Abra Financial Inc. and is expected to be listed on Nasdaq under the symbol ABRX, according
Crypto wealth platform Abra to go public via $750 million SPAC deal Read More »
