On October 3, U.S. District Judge Analisa Torres denied the Securities and Exchange Commission’s (SEC) interlocutory appeal of her July 13 decision. Judge Torres’ decision marked another public defeat for the SEC, and if you haven’t read about the case, check out our earlier article, “Ripple v. SEC — Respite for a Beleaguered Industry?”
The following editorial was written by guest…
Stablecoin Market Navigates Shifting Sands as Tether Announces New CEO and USDR Depegs – Altcoins Bitcoin News
October 14, 2023
The stablecoin landscape has been stagnant for the last two months, barely exceeding $123 billion as we approach the third week of October. Even though fiat-pegged token trading saw a spike this week, on October 13, stablecoin transactions made up 22.96% of the global crypto…
River Report: Bitcoin's Lightning Network Grew by 1,212% in 2 Years – News Bitcoin News
October 14, 2023
A recent report published by River, a Bitcoin technology and financial services company, has revealed that the Lightning Network, a scaling layer for Bitcoin, has grown by 1,212% in two years. River’s estimation comes from examining operators of nodes comprising 52% of the…
Nigerian Court Convicts P2P Crypto Trader Accused of Operating a Pig Butchering Scam – Legal Bitcoin News
October 14, 2023
A Nigerian court recently convicted and fined a peer-to-peer (P2P) crypto trader accused of running a pig butchering scam. According to the Economic and Financial Crimes Commission, the crypto trader’s activities were “contrary to and punishable under the Cybercrimes (Prohibition etc.) Act, 2015.”
Offense ‘Bordering on Cybercrimes’
A Nigerian court recently convicted a peer-to-peer…
Bitcoin, Ethereum Technical Analysis: BTC Bulls End a 5-Day Losing Streak – Market Updates Bitcoin News
October 14, 2023
Bitcoin ended a five-day losing streak on Friday, as the cryptocurrency appears to have found an interim price floor. This comes as traders continued to react to yesterday’s U.S. inflation report, which remained unchanged at 3.7%. Ethereum also edged marginally higher…
PRESS RELEASE. Imagine a world where technology not only meets financial innovation but also crafts a future where transactions are not merely conducted but are optimized for user benefit and technological advancement. This is not a distant dream but a tangible reality…
Elliptic: FTX Hacker Laundered Stolen Crypto Funds Through Russian Crime Networks – Bitcoin News
October 13, 2023
Close to a year has passed, and the hacker responsible for the staggering $477 million heist from the now-defunct crypto exchange FTX still remains elusive. Yet, Elliptic, a leading blockchain analytics firm, has meticulously mapped the intricate journey of the stolen funds, shedding light on the culprit’s attempts to launder and mask their activities. Allegedly, a portion of the pilfered assets…
A congressional committee in Brazil has concluded that four Binance officials, among them company CEO Changpeng Zhao (CZ), should be indicted. The suggestion follows a probe targeting crypto platforms suspected of operating pyramid schemes and can potentially affect the…
Coinbase Executive Urges Congress to Pass 'Sensible' Crypto Legislation Swiftly as Middle East Conflict Escalates – Regulation Bitcoin News
October 13, 2023
Coinbase’s chief legal officer has called on U.S. Congress to pass sensible crypto legislation following reports that Hamas has amassed millions in cryptocurrency amid the escalating Middle East conflict. “We need this industry flourishing in nations committed to the…
7 Senators Urge Treasury and IRS to Rapidly Implement Crypto Tax Reporting Rule – Regulation Bitcoin News
October 13, 2023
In a Nutshell
Seven US senators, including Elizabeth Warren and Bernie Sanders, have written a letter to the Treasury Department and the IRS urging them to implement the proposed crypto broker reporting rule quickly. The senators are concerned about the two-year delay in implementing the rule, which they claim contravenes the bipartisan Infrastructure Investment and Jobs Act. They argue that…
