U.S. Congresswoman Maxine Waters (D-Calif.), Chairwoman of the House Financial Services Committee, has been one of the most vocal critics of the crypto industry over the past few years.
Funds lost to cryptocurrency phishing scams dropped in September, with roughly $46 million lost by 10,805 victims.
Japan's new laws could set a precedent for balancing innovation with consumer protection.
In an unexpected turn of events, the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) have taken strong measures to support the recently revived class action lawsuit against Nvidia (NASDAQ: NVDA).
The crypto market has remained calm, with the fourth quarter expected to yield bullish sentiments that will extend into 2025.
The U.S. Justice Department and the SEC have backed the class action lawsuit against AI chip giant Nvidia Corp. (NASDAQ:NVDA) in the Supreme Court, which accused Nvidia of hiding its cryptocurrency revenue. What Happened: The DOJ and SEC are advocating for the continuation of the lawsuit, which was brought against the company in 2018, Cointelegraph reported Thursday.
The FBI is sounding the alarm on a cryptocurrency scam that's cost some Americans their entire life savings.
Other amicus briefs have also been filed in support of Nvidia investors.
Brazil's central bank is developing a synthetic central bank digital currency, which aims to blend decentralization, privacy and programmability.
The US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have supported a class-action lawsuit against Nvidia, accusing the company of misleading investors. According to court filings, both agencies submitted an amicus brief backing Nvidia investors who allege that the firm misrepresented the impact of crypto mining on its 2017/2018 revenue.
Stablecoins are surging in popularity across Sub-Saharan Africa, accounting for 43% of crypto transactions compared to bitcoin's 18.1%. This trend is driven by the instability of local currencies and limited access to US dollars. Businesses and individuals view stablecoins as a reliable way to store value and conduct international payments.
The DOJ and SEC are backing investors in a Supreme Court case against Nvidia over alleged misrepresentation of GPU sales to crypto miners.
The case underscores the critical role of private securities litigation in ensuring transparency and accountability in tech and crypto sectors. The post SEC and DOJ back Nvidia investor lawsuit over alleged crypto sales misrepresentation appeared first on Crypto Briefing.
BitMEX has launched MOODENGUSDT perpetual swaps, allowing traders to leverage up to 50x on the Solana memecoin MOODENG, enhancing trading opportunities.
More than 185 South Koreans in their 20s own over $750,000 worth of digital assets each, based on data from Upbit and Bithumb. As reported by Maeil Business Newspaper on Oct.
In the dynamic world of online investing, utilizing sophisticated software can significantly enhance one's ability to navigate various markets. The convergence of technology and finance opens doors to new opportunities, especially for those seeking to maximize their trading potential.
The Chainalysis CEO's personal leave after 10 years of service has caught market attention. Michael Gronager showed active participation during the Token 2049 event.
Billionaire entrepreneur Mark Cuban discussed his recent face-to-face meeting with the head of the SEC, Gary Gensler.
Transak USA LLC, a leading web3 payments infrastructure provider, has officially been granted its first Money Transmitter License (MTL) by the Alabama Securities Commission. This milestone marks a significant advancement in Transak's efforts to build a secure, regulated, and comprehensive infrastructure for cryptocurrency services across the United States.
The altcoin market is showing some signs of support, much like Bitcoin. However, it's crucial to recognize that we're still in a period of uncertainty. Both Bitcoin and the altcoin market cap chart have not made decisive moves yet. An altcoin season occurs when Bitcoin's dominance decreases, allowing altcoins to gain traction.
Despite historical October gains for Bitcoin, the cryptocurrency market has experienced a significant downturn in early October 2023, challenging the "Uptober" narrative and prompting a shift in trader sentiment.
The September 2024 edition of CCData's Exchange Review report reveals several significant trends in the digital asset market. CCData, an FCA-authorized benchmark administrator, is a global leader in digital asset data. It offers high-quality real-time and historical data for institutional and retail investors.
The cryptocurrency market is preparing for short-term volatility, with approximately $1.4 billion worth of Bitcoin and Ethereum options expiring today.
Cuban's critique highlights the need for clear crypto regulations to prevent future financial collapses and foster a stable market environment. The post FTX and 3AC would still be in business if Gensler took right approach, says Mark Cuban appeared first on Crypto Briefing.
Nubank, the Latam-focused fintech company, recently lowered its cryptocurrency trading fees from 0.8% to 0.6% for each transaction completed. The platform allows for purchasing and selling 15 different cryptocurrencies, including bitcoin (BTC), ether (ETH), solana (SOL), and the USDC stablecoin, among others.
AT&T is back in the news again for new legal challenges related to a sensational SIM swap case in which crypto worth $24 million was stolen from an investor by the name of Michael Terpin.
The United States Department of Justice and Securities and Exchange Commission urged the Supreme Court to proceed with the Nvidia securities fraud lawsuit. In an Oct. 2 amicus brief document, U.S.
A proposal that could allow on traditional exchanges to do margin trading using cryptocurrencies as collateral for loans.
Malicious actors stole $753 million in the third quarter, with phishing being the most costly attack vector. The report emphasizes the need for stronger security measures and warns users to be cautious of phishing scams. Ethereum and Bitcoin networks were the hardest hit chains, with combined losses exceeding $600 million.
Lejilex asked a Texas federal court for a preemptive ruling that would clear it from any potential SEC enforcement action before it launches a crypto exchange.
The U.K financial services regulator issued the payments provider a 166 notice late last year
Venture capital (VC) interest in crypto startups has dramatically shifted, with many firms now overlooking the sector for funding opportunities.
Nvidia investors are taking their battle to the U.S. Supreme Court as they claim that the tech giant misled them about how reliant it was on sales to cryptocurrency miners. The U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) are backing these investors, suggesting their solid claims shouldn't be dismissed.
SWIFT, the global interbank cooperative society, will allow over 11 thousand financial institutions to conduct digital asset transactions over its network next year.
After setting the stage for bullish sentiment in September, the crypto market opened the fourth quarter with a bearish outlook. Led by Bitcoin (BTC) and Ethereum (ETH), the cryptocurrency market cap has wiped out over $200 billion in valuation during the past three days.
September saw a significant decline in trading activity across centralized exchanges, with combined spot and derivatives trading volumes dropping 17% to $4.34 trillion, as per the latest CCData report.
The DOJ and the SEC say they have “strong interest" in the case and argue that the class-action suit should proceed.
On Thursday, Visa launched the Visa Tokenized Asset Platform (VTAP) through a partnership with a Spanish bank. VTAP is a tool for banks to launch real-world assets (RWAs), connecting them to the crypto ecosystem.
The defendant fell victim to crypto theft enabled by a SIM swap incident perpetrated by a teenager and his 20-year-old friend in 2018.
Visa reports that BBVA is one of many participating institutions trying out VTAP. Interoperability across several blockchains is a key component of Visa's platform concept.
Binance has faced a series of regulatory hurdles in the past two years, stymying the exchange's plans to onboard more users.
Chainalysis CEO Michael Gronager has stepped down from his role after a decade.
Binance trading volume in market share fell to its lowest in four years, amid regulatory challenges and increased global scrutiny.
“Uptober” fever has been waning on social media as crypto markets shed $200 billion since the start of October, according to Santiment.
Pekao Bank from Poland, the country's second largest lender, is making headlines by taking a bold approach to preserving art. Using the medium of blockchain technology, it has kept some of its most valuable artworks in an Arctic vault, and less exposed to the elements.
Russia has reportedly launched a crackdown on illegal crypto exchanges, with officers raiding “dozens of addresses” in Saint Petersburg and beyond.
A 21-year-old from Indiana has pleaded guilty to cyber intrusion and cryptocurrency theft in a massive scheme targeting hundreds of victims. His actions involved stealing personal data and cryptocurrency worth over $37 million, with law enforcement crediting significant investigative efforts for his capture. FBI Cracks Global Cryptocurrency Theft Network The U.S.