In a recent development, the investment firm led by Saudi Arabian Prince is not likely to invest in cryptocurrency in the near future. As per recent report from Reuters, Kingdom Holding, the investment firm led by Saudi Arabian Prince Alwaleed Bin Talal, has announced that it will not be investing in cryptocurrency in the near future. …
President Trump has kept one of his reelection promises by pardoning Ross Ulbricht, the founder of Silk Road and a key figure in the early days of Bitcoin, who has been in prison for 12 years. In a recent tweet, a Coinbase executive claimed that he discovered Bitcoin linked to Ross, valued at nearly $47 …
Tornado Cash’s native token, TORN, has surged 130%, trading at $17.74 after a landmark decision by a US appeals court lifted sanctions imposed by the US Treasury’s Office of Foreign Assets Control (OFAC). This decision has given a boost to the investor’s faith in the system, signaling a positive change is on the way. Following …
Former President Trump’s Bitcoin Reserve Plan is rapidly gaining support, with major companies and influential figures backing the idea as he takes office. One of the most prominent supporters is Fred Thiel, CEO of Marathon Digital Holdings (MARA), who has outlined a bold plan to establish a Strategic Bitcoin Reserve (SBR) across all 50 U.S. …
The U.S. Securities and Exchange Commission (SEC) will hold its first closed meeting since Mark Uyeda took over as acting chair. The meeting, scheduled for Thursday, will involve commissioners, the counsel to the commissioners, the commission’s secretary, and recording secretaries. The topics on the agenda include the institution and settlement of injunctive actions, administrative proceedings, …
Donald Trump’s TRUMP memecoin has taken the crypto world by storm, becoming the fastest-growing memecoin in history. Launched on January 17, just days before his inauguration, the Solana-based token quickly reached a market cap of $13 billion over the weekend. However, it has since dropped to around $8 billion after a sharp 50% decline, following …
Trump’s latest remarks after his inauguration on crypto regulations have created a euphoric moment for Bitcoin and other assets. Bitcoin came out of the choppy market with a smashing ATH of $109K. However, there is still fear and panic in the market as many think this new policy change may impact non-US entities. Raining serious …
Attorney John Deaton recently shared his thoughts on the launch of the Trump meme coin. The crypto community is split and some people believe Trump’s meme coin will attract new investors and help crypto gain more acceptance. Others, like Deaton, are worried that it could harm the industry’s credibility. For Deaton, the issue isn’t the …
The day after Gary Gensler left his position and President Donald Trump was inaugurated, the U.S. Securities and Exchange Commission introduced a new cryptocurrency task force. This announcement, made today, criticized the regulator’s previous actions led by Gary Gensler. Hester Peirce of the SEC will head the task force aimed at setting a practical regulatory …
Kenyan regulators have proposed a raft of regulations geared to force digital asset firms to establish local offices. The Virtual Asset Service Providers Bills, 2025, which was published by the National Treasury highlighted that a virtual asset service provider shall maintain a registered office in Kenya. The Kenyan government clearly understands that more investors are …
In a latest development, the Bank of America CEO Brian Moynihan said on Tuesday that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it. Notably, the head of the second largest U.S. bank by assets was asked about how the industry’s approach to crypto could change given President Donald Trump’s enthusiasm …
A day before the inauguration of Donald Trump, Gary Gensler, as promised, resigned from the post of the chairman of the Securities and Exchange Commission. Mark Uyeda, a pro-crypto Republican, has been appointed as the interim chairman of the US regulatory body by newly inducted US President Donald Trump. Importantly, many believe that this change …
Recently, $Trump and $MELANIA, the two prominent meme coins released by the Trump family, created extreme excitement in the market. Both these coins achieved massive growth in the initial hours post-launch. It seems that the buzz created by the Trump family-related meme coins has encouraged many to rethink their view of the meme coin sector. …
Donald Trump’s return to the White House has reignited discussions about Ross Ulbricht, the founder of Silk Road, and his potential release. It is a highly controversial move as the convict is charged with narcotics but Trump has promised in his election campaign to set him free. Ross Ulbricht has also hinted that he will …
Shortly after assuming the chair of the President of the United States of America, Republican leader Donald Trump, known for his pro-crypto stance, has cancelled several controversial actions taken by his predecessor, Joe Biden. Importantly, he has revoked the executive order aimed at creating a framework for AI regulation in the US, indirectly proclaiming his …
Donald Trump’s presidency is only a few minutes old, and already several lawsuits have been filed against him. The lawsuits are about a new advisory group, DOGE (Department of Government Efficiency), which has raised concerns due to its questionable structure and lack of proper government oversight. The American Federation of Government Employees (AFGE) and the …
As the 47th President of the United States, Donald Trump has stirred the crypto world with policies and actions that could redefine the industry’s trajectory. From regulatory reforms to the launch of official Trump-branded tokens, his administration is making bold moves that are set to impact Bitcoin, Ethereum, Solana, and beyond. Crypto influencer VirtualBacon highlighted …
Gary Gensler is officially out as the chairman of the U.S. Securities and Exchange Commission (SEC), and crypto-friendly Republican Commissioner Mark Uyeda is stepping in as acting chair. President Donald Trump has appointed Uyeda, a current SEC commissioner and Bitcoin supporter, as the acting chairman of the Securities and Exchange Commission (SEC) just hours after …
After Donald Trump’s active involvement in the crypto market, including the launch of his own meme coin, market analysts expected him to discuss the future of crypto during his inauguration speech. However, Trump concluded his speech without mentioning cryptocurrency, leading to a decline in Bitcoin’s price to around $100,000 and causing $100 million in total …
In the lead-up to Donald Trump’s inauguration as the 47th president of the United States, Bitcoin saw a major rally, briefly reaching a peak of $109,000. However, the cryptocurrency’s price failed to maintain this momentum and began to dip following the inauguration ceremony, eventually falling below $102,000. Trump’s failure to mention cryptocurrency during his inauguration …
Ripple’s XRP could finally be on the verge of breaking free from the SEC’s legal grip, with recent developments suggesting a significant shift in the ongoing lawsuit. Back in late 2020, the SEC sued Ripple Labs, alleging that XRP was being sold as an unregistered security. This lawsuit has been dragging on for nearly four …
The market has faced many legal and government challenges and it now hopes for better policies with the new administration. Supporters are likely to have a say in U.S. technology rules after President-elect Donald Trump, who takes office Monday, appointed several to key positions. As a result, the crypto market is already surging exponentially, with …
The Solana-based memecoin surged to a market cap of over $32 billion one day after launching but allegedly violates the US Constitution.
In a latest development, the SEC has filed a lawsuit against Digital Currency Group (DCG) for allegedly misleading investors by failing to disclose its exposure to the collapsed hedge fund Three Arrows Capital (3AC). DCG Settles SEC Lawsuit for $38 Million As per the lawsuit filing, DCG has already submitted an Offer of Settlement as …
In a latest development, Wyoming Representative Jacob Wasserburger has introduced legislation for a Strategic Bitcoin Reserve. The Wyoming lawmakers introduced “House Bill 0201” (HB0201), allowing the state treasurer to invest up to 3% of qualifying state funds, such as the general fund and permanent mineral trust fund, in Bitcoin. Under the proposed legislation, investments can …
As excitement builds in the crypto market with the upcoming inauguration of President Trump on January 20, several U.S. states are starting to adopt more crypto-friendly policies. In an important development, California State Representative, Republican Phillip Chen, is making an effort to create pro-Bitcoin legislation. This move could give investors a clearer picture of Bitcoin’s …
With Paul Atkins now taking over as SEC Chair, speculation is swirling about a potential shift in how the SEC handles crypto. There’s growing hope that with a more pro-crypto Congress and President, the SEC might ease up on non-fraud cases, potentially dropping some ongoing lawsuits or speeding up settlements for smaller cases. SEC Commissioner …
Binance updates crypto rules for Polish users, requiring more sender and recipient details on transactions to align with the EU’s MiCA regulatory framework.
Earlier this week, a three-judge bench in the Third Circuit ruled in favor of Coinbase Global Inc. (NASDAQ: COIN) in the case filed by the U.S. SEC. The U.S. SEC accused Coinbase of operating as an unregistered national securities exchange, broker, and clearing agency. However, Coinbase has vehemently denied the accusations and alleged that the agency under …
Ron Hammond from the Blockchain Association shared some thoughts on the future of the SEC under the leadership of Paul Atkins. In an interview with Tony Edwards of Thinking Crypto, when asked if the SEC might drop some non-fraud cases, like the ongoing Ripple lawsuit, Hammond expressed optimism. He believes there could be a push …