CryptoNews

SEC Enforcement Director Calls for Stronger Crypto Regulation Citing Rising Investor Harm

July 15, 2024
Gurbir S. Grewal, Director of the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement, addressed crypto regulation at the William & Mary Business Law Review’s Symposium earlier this month. He stressed the need to enforce federal securities laws in the evolving crypto market. Grewal noted that the principles-based definition of securities from the 1946 Supreme Court case…
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CryptoNews

Philippines Charges 2 Russians in $6.2 Million XRP Theft

July 15, 2024
The Philippine Department of Justice (DOJ) has charged two Russian nationals with stealing PHP340 million ($6.2 million) worth of XRP cryptocurrency from a local crypto exchange. The suspects allegedly hacked Coins.ph’s system to commit the theft. The DOJ emphasized the…
CryptoNews

Senate Committee Discusses Strong Federal Oversight of Crypto Markets

July 11, 2024
The Senate Committee on Agriculture, Nutrition, and Forestry held a hearing on Wednesday where Chairwoman Senator Debbie Stabenow stressed the urgent need for robust regulation in the crypto market. The discussion focused on investor protection, market integrity, and the necessity of federal oversight for digital commodities like bitcoin and ethereum. Senate Committee Highlights Need for Federal…
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Nigeria’s Finance Minister Urges SEC to Tackle Challenges in Regulating Cryptocurrency

July 10, 2024
The Nigerian Finance Minister, Wale Edun, has urged the newly inaugurated board of the country’s Securities and Exchange Commission (SEC) to address the complexities of regulating cryptocurrencies. He emphasized the need for stringent oversight to maintain market integrity in the capital market. Edun also highlighted the importance of staying informed and adaptable, especially in fast-evolving…
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CryptoNews

Sleeping BTC Wallets Reactivate, Bitcoin Dips, and More — Week in Review

July 8, 2024
Several longtime holders of Bitcoin have reactivated dormant wallets, moving substantial amounts of BTC after years of inactivity. Bitcoin’s price dipped to $56,952 amid speculation related to the Mt Gox distribution and the German government’s transfer of 3,000 BTC. Standard Chartered forecasts Bitcoin hitting $100,000 by November, with a potential boost from a Trump election victory.
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