The U.S. SEC (Securities and Exchange Commission) has managed to publish its primary examination priorities for 2024, including crypto examinations and monitoring. The regulator of securities disclosed, “Examinations of registrants will focus on the offer, sale, recommendation of, advice regarding,…
FTC Warns Consumers Crypto Deposits Are Not FDIC Insured
The U.S. FTC (Federal Trade Commission) has warned investors and consumers that cryptocurrency deposits aren’t insured by the FDIC (Federal Deposit Insurance Corporation). The agency further cautioned, “That money isn’t FDIC insured or protected if the crypto company goes under.…
Ireland Witnesses The Rise Of Banking Scams, Replacing Crypto Frauds!
Fraudsters busy with targeting victims based in Ireland are primarily disguising themselves as bank officials instead of crypto promoters, as per the local press, quoting police. In the midst of this increasing trend, Irish investors claim to have lost euros…
Litecoin’s 12-Year-Old Evolution And Its Most Influential Wallets
Recently, Bitcoin.News delved deep into the major XRP wallets, having checked out the leading tether, Ethereum, and Bitcoin addresses only the month prior. Then, what’s next on the radar? A detailed exploration of the major LTC (litecoin) wallets, simply standing…
Bitfrost Launches SLPx Palette: Simplifies Liquid Staking!
The SLPx palette from Bifrost includes Polkadot’s detailed format for cross-consensus messaging, which has now gone live. This particular pallet simplifies both cross-chain transfers as well as staking to relatively lower user obstacles to liquid staking. The pallet is a…
7 Senators Urge Treasury And IRS To Rapidly Implement Crypto Tax Reporting Rule
Seven U.S.-based senators have called on the IRS (Internal Revenue Service) and Treasury Department to ‘implement the proposed crypto broker reporting rule as rapidly as possible.’ The lawmakers stressed at the same time, “We are alarmed by the self-inflicted two-year…
Cleanspark Augments Its Mining Capabilities: Snags Bitmain’s Latest S21 Antminers
On Wednesday, in a disclosure, Cleanspark, a Bitcoin mining entity, ended up reserving around 4.4 EH/s (exahash per second) of the latest s21 Antminers of Bitmain. The mining organization detailed that this particular consignment was valued at 61.6 million dollars…
Analyst Warns The Collapse Of US Dollars: Bitcoin Owners Will Benefit?
Jefferies, a global investment bank, has recently predicted the probable collapse of the American dollar, which proves beneficial for Bitcoin owners. Jefferies happens to be a leading full-service capital markets and global investment banking firm headquartered in the United States. …
Estonia-Based Crypto Companies Allegedly Accused Of Fraud And Damage Worth A Billion Dollars!
Estonia is known to have a very liberal licensing regime for multiple crypto companies for defrauding investors and committing other crimes, as per an investigative report. The authors mention that they explored dozens of cases like that, including schemes and…
The Reserve Bank Of Zimbabwe Has Launched Gold-Backed Digital Tokens As An Approved Payment Method!
Zimbabwean institutions and residents can now settle or pay domestic transactions with the newly launched gold-backed digital tokens, according to the central bank. John Mangudya, the governor of the central bank, said that the bank has completed enlisting external auditors’…