-
Feb 13, 2024 | 
coinnounce.com | Nadja Eriksson |Jai Pratap
Braden John Karony, the CEO of embattled cryptocurrency firm SafeMoon, finds himself in a precarious legal situation as his lawyers seek to withdraw representation due to unpaid fees. Legal Counsel Seeks Withdrawal Over Unpaid BillsKarony, entangled in an alleged international fraud scheme, has been released on a $3 million bond. However, his legal team, Petrillo Klein & Boxer, is pursuing withdrawal from the case, citing Karony's inability to settle his legal expenses.
-
Feb 7, 2024 | 
coinnounce.com | Layla Harding |Jai Pratap |Nadja Eriksson
The blockchain and cryptocurrency sector continued its reign as the top recipient of investments within Canada's financial technology landscape, according to a recent report by accounting firm KPMG. Released on February 6, KPMG's Canadian fintech report highlighted that despite significant drops in deal volumes and values in 2023, the crypto industry maintained its leading position in investment activity.
-
Feb 7, 2024 | coinnounce.com | Layla Harding |Jai Pratap |Nadja Eriksson
The blockchain and cryptocurrency sector continued its reign as the top recipient of investments within Canada's financial technology landscape, according to a recent report by accounting firm KPMG. Released on February 6, KPMG's Canadian fintech report highlighted that despite significant drops in deal volumes and values in 2023, the crypto industry maintained its leading position in investment activity.
-
Feb 7, 2024 | 
coinnounce.com | Joyce Lang |Jai Pratap |Nadja Eriksson |Aubrey Hansen
The European Commission is taking decisive action to combat the alarming rise in artificial intelligence (AI)-generated imagery and deepfakes depicting child sexual abuse (CSA). In response to technological advancements, the Commission has unveiled a proposal to criminalize the production and distribution of AI-generated content portraying CSA, along with live-streaming offenses and possession of materials aiding pedophilia.
-
Feb 7, 2024 | 
coinnounce.com | Nadja Eriksson |Jai Pratap |Aubrey Hansen
In a significant move aimed at curbing crypto-related crimes, South Korea has enacted strict regulations that could result in life imprisonment for individuals profiting more than 5 billion won (approximately $3.8 million) through illicit cryptocurrency activities. The updated Virtual Asset Users Protection Act, introduced by the Financial Services Commission (FSC), seeks to safeguard investor rights, enhance market transparency, and combat fraudulent practices within the crypto sector.
-
Feb 7, 2024 | 
coinnounce.com | Nadja Eriksson |Jai Pratap
BlackRock's iShares Bitcoin exchange-traded fund (ETF) has soared to impressive heights, securing a position in the top 0.16% of all ETF products in the United States. With flows exceeding $3.19 billion, the ETF has outperformed many established funds, trailing only broad index funds like those tracking the S&P 500 and Vanguard’s Total Stock Market ETF. Despite missing the first seven trading days on the NASDAQ while awaiting SEC approval, BlackRock's Bitcoin ETF has made significant strides.
-
Feb 1, 2024 | 
coinnounce.com | Nadja Eriksson |Jai Pratap
During the month of January, the Grayscale Bitcoin Trust (GBTC) exchange-traded fund (ETF) conducted aggressive Bitcoin selling, shedding a total of 132,195 BTC. This substantial sell-off reduced GBTC's Bitcoin holdings by 21%, decreasing from 619,220 BTC on January 11 to 487,025 BTC by January 31. In contrast, nine other Bitcoin spot ETFs in the United States increased their holdings by a significant amount. These non-GBTC ETFs collectively added 142,294 Bitcoin since the beginning of the month.
-
Feb 1, 2024 | 
coinnounce.com | Nadja Eriksson |Sabyasaachi Karmakar
New York Community Bancorp (NYCB) has seen a significant decline in its share price following the release of its financial report for the fourth quarter of 2023. The report revealed that NYCB incurred a substantial loss of $260 million during the quarter, a stark contrast to the $164 million gain reported in the same period in 2022.
-
Jan 30, 2024 | 
coinnounce.com | Nadja Eriksson |Jai Pratap |Azeez Mustapha
The United States Securities and Exchange Commission (SEC) has taken legal action against individuals connected to an alleged cryptocurrency fraud scheme valued at $1.7 billion. The scheme, operating under various names such as HyperFund, HyperVerse, and HyperTech, is accused of making false assurances to investors, including plans to list on the Hong Kong stock exchange. Astonishingly, the operation even hired an actor to impersonate the company's CEO during its launch in 2021.
-
Jan 28, 2024 | 
coinnounce.com | Nadja Eriksson |Saumil Kohli |Jai Pratap |Ryan Asher
Starting Monday, Google will update its advertising policies to allow certain cryptocurrency products to be advertised on its platform. This development has the crypto community speculating about the potential impact on spot Bitcoin ETFs, given Google's extensive reach and high search volume. Reports are circulating that Google will be changing their policy and allowing #Bitcoin ETF ads starting on Jan 29th.
