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Brad Garlinghouse continues to criticize SEC chair Gary Gensler over his unfavorable crypto regulation, as he suggests that the U.S. should leverage ChatGPT to get tips on how to regulate the industry.

Ripple CEO Slams Gary Gensler and SEC, Says ChatGPT Can Make Better Rules

Ripple CEO Brad Garlinghouse has slammed Gary Gensler, the United States Securities and Exchange Commission (SEC) chairman, over his unfavorable regulatory approach in the crypto space.

8 months ago

Analysts also pointed out that GBTC shares flipped to a 0.9% discount on Thursday amid “likely selling pressure.”

Crypto Bulls Lose $217M as Apparent Grayscale Sales Weighs on Bitcoin

Futures traders betting on higher crypto prices saw some $217 million in liquidations in the past 24 hours as the approval of spot bitcoin (BTC) exchange-traded funds (ETF) continues t...

8 months ago

Cathie Wood’s Ark Invest has continued to buy its own ARK 21Shares spot Bitcoin exchange-traded fund (ETF) worth $15 million.

Cathie Wood’s Ark Invest Buys Another $15M of its Spot Bitcoin ETF Shares

Bloomberg Intelligence claimed that funneling Ark Invest’s own money into ARKB is a measure taken to gain scale swiftly. The SEC’s approval has “set up an unusually high-s...

8 months ago

USA election and promises

Trump’s Promise: “I Will Never Allow The Creation Of A CBDC”

Former US President Donald Trump has been dismissive about the value of cryptos and central bank digital currencies (CBDCs) in the past. The 2024 Republican frontrunner has once again promised a...

8 months ago

Binance users involved in a class-action lawsuit against Cristiano Ronaldo are taking unconventional steps in their pursuit, filing a motion to serve the elusive soccer star through alternative channels, including X.

Chasing Ronaldo: Binance users to employ creative tactics in class-action lawsuit

Binance users who lodged a proposed class-action lawsuit against Cristiano Ronaldo over his promotion of the crypto exchange are now seeking to serve the elusive soccer player through other viab...

8 months ago

How A Point Racing Team Utilizes Digital Yuan

Shanghai Court Issues Verdict in First Digital Yuan Money Laundering Case

A Shanghai court has issued a verdict for the first instance of money laundering using Chinese digital yuan and cryptocurrency, marking a significant legal precedent of crypt...

8 months ago

Crypto firms have to do checks on transactions of 1,000 euro or more, and the framework adds measures to mitigate risks in transfers with self-hosted wallets.

EU Provisionally Agrees Tough Crypto Due Diligence Measures to Combat Money Laundering

Policymakers in the European Union on Wednesday reached a provisional deal on parts of a comprehensive regulatory package to combat money laundering that will force all crypto firms to...

8 months ago

The bills could create significant roadblocks to a CBDC in the United States.

Multiple US Senate bills object to CBDC definition as ‘money’

Bills against referring to central bank digital currency (CBDC) as money have been filed in the states of Utah, South Carolina, South Dakota and Tennessee. The bills would exclude a CBDC from th...

8 months ago

Since their recent launch in the United States, spot Bitcoin ETFs have achieved a cumulative trading volume of nearly $10 billion within just three days.

U.S. Spot Bitcoin ETFs Reach $10B Trading Volume in 3 Days; Grayscale Accounts for Over Half of that Figure

According to Bloomberg analyst James Seyffart, the standout performer among the spot Bitcoin ETFs is Grayscale’s GBTC, which recorded an impressive three-day trading volume of $5.174 ...

8 months ago

Hacker Deploys 1 Million Virtual Servers in Illicit Crypto Mining

Hacker spins up 1 million virtual servers to illegally mine crypto

A 29-year-old man in Ukraine was arrested this week for using hacked accounts to create 1 million virtual servers used to mine $2 million in cryptocurrency. As announced today by...

8 months ago